Exploring Stratification and ntrepreneurship can be a means of social mobility.
Entrepreneurs can create
Entrepreneurship: African ventures that create wealth and allow the entrepreneur and their families to move American Women from lower status positions to higher status positions. Second, entrepreneurship Entrepreneurs Redefine can play a role in addressing the challenges of fractious, stratified society. Typically, Success in Growth Ventures this takes on the form of programs supporting entrepreneurship (self-employment) as an alternative to traditional labor markets. A second approach to meeting the challenge is entrepreneurship that uses market processes to directly solve social problems (as in social entrepreneurship). An Empirical Study of Success the important determinants of success of women entrepreneurs that family Factors of Women support, social ties and internal motivation affect positively and significantly to the Entrepreneurs in Southern success of women entrepreneurs in the small business. Research has shown that in Region in Malaysia the past, women rarely ventured into business not because of lack of interest but because of lack of opportunities. Environmental, Personality and Entreprenership has been observed as one of the important factors that help to lift Motivational Factors: A the economy of a nation. Due to the fact that women play an equal role in the Comparison Study between development of a country. Psychological research in entrepreneurship has made Women Entrepreneurs and attempts to understand the entrepreneurial personality. The trait approaches that Women Non Entrepreneurs in were adopted have been able to identify certain strong personal qualities of Malaysia entrepreneurs but an emphatic conclusion on the entrepreneurial personality has not evolved so far (Gartner, 1988). However, as entrepreneurial activities originate from individuals, a nominal understanding of their personality traits with their skills and respective background is crucial for the development of a comprehensive theory (Ray and Ramachandran, 1996). Apart from personality studies, motivation factors play an important role in developing entrepreneurs. According to Hisrich (1986), women entrepreneurs possess very different motivations compared to their male counterparts. Thus, the need to determine the motivational basis in women entrepreneurs is also crucial. Many studies also suggest that certain environmental factors and life experiences could lead to entrepreneurship. T Development of Women the factors which contributed to the success of the women entrepreneurs included Entrepreneurs: The Case of individual factors, organisation and the environment. In addition, the element of Malaysia interest and a strong sense of passion towards their entrepreneurial career, their bravery in undertaking risk, self-confidence and positive attitude were the most important factors that had played an important influence on the success of women entrepreneurs. HEORISING A FRAMEWORK OF Recognising the importance of the emerging women entrepreneurs in creating a FACTORS INFLUENCING vibrant and dynamic economy for the nation, the Malaysian Government has been PERFORMANCE OF WOMEN actively promoting women entrepreneurship towards realising Malaysia’s Vision ENTREPRENEURS IN MALAYSIA 2020. However, notwithstanding the importance of this area, surprisingly little Dr. Siong-Choy, Chong research has been undertaken to determine the factors influencing performance of women entrepreneurs, particularly in Malaysia. To close this gap, an in-depth literature survey was conducted to identify a comprehensive list of factors influencing the performance of Malaysian women entrepreneurs. The literature suggests that social psychological and organisational approaches are widely used to explore and analyse the relationship between the influence of women’s individual characteristics, parental influence, their business management and business strategies, goals and motives, networking and entrepreneurial orientation towards their business performance. This resulted in the development of a comprehensive theoretical framework which provides significant insights related to women 2
entrepreneurship practices and their performance levels in Malaysia.
Factors Contributing to the Success of Women Entrepreneurs in Sri Lanka 3 4