Professional Documents
Culture Documents
INTERNATIONAL JOURNAL OF
TRANSFORMATIONS IN BUSINESS MANAGEMENT
e-ISSN: 2231-6868, p-ISSN:2454-468X
DOI: http://doi.org/10.37648/ijtbm.v12i04.006
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ABSTRACT
While women account for over half of India's population, they play a surprisingly little role in
entrepreneurship and its development. Although women's contributions to economic development are
crucial, many sectors of society, including governments and NGOs, have not done enough to support
women in realising their aspirations to launch their own enterprises. Female entrepreneurs face sexism
and economic challenges before, during, and after launching a firm. Women business owners confront
a unique set of obstacles and opportunities, both of which will be included into the present study's
evaluation and identification processes. As part of the ongoing research, we will do this assessment
and identification. The major purpose of this study is to assess the position of women entrepreneurs in
India, particularly in the textile sector of the Telangana state economy. Analyzing the new federal and
state regulations available to women business owners in India is crucial. The study's overarching goal
is to determine whether the existing policies are adequate and contribute in any way to the
advancement and strengthening of women business owners in India. Currently underway research is
expected to provide useful information that will aid in developing India's thriving new business
environment.
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the value provided by those resources and markets. The focus on profit and loss in a
realise a profit by transforming them from capitalist society speeds up the process of
what would have been used to make a pair of sorting through the many different resource
jeans that could be sold for thirty dollars into combinations that entrepreneurs uncover.
a denim bag that could be sold for fifty The EFFICIENCY with which new ideas
dollars. One way to do this is to put the may be discovered, implemented, and
resources to use in creating something with a evaluated for their efficacy or inefficiency is
larger potential profit. Because of the nature crucial to the health and growth of any
of competitive resource markets, where the economy. Tasks of equal significance to
price at which a scarce good must be bid identifying successes include swiftly
away from other uses determines the eradicating failures and freeing up resources
entrepreneur's production costs, this analogy that were utilised inefficiently. The positive
holds. Because of this, the above assertion is outcome of the business's failure is this.
plausible. The value that can be generated by
LITERATURE REVIEW:
the resources in their best alternative uses
will be the same as the expenses associated According to Valecha (2022) analysis of the
with these alternatives. The profit an factors influencing the difficulty women
entrepreneur makes is a measure of how entrepreneurs face in India, a survey
much they have increased the value provided questionnaire was used to collect data from a
by the resources under their control; the cost sample of 100 women entrepreneurs. Mango
of acquiring those resources symbolises this et.al (2022) express their research employing
OPPORTUNITY COST, the worth of the descriptive statistics was used to determine
alternatives that were not pursued. the causes of difficulties faced by women
business owners. Women business owners
Yet, those who run their businesses into the
have categorised these challenges as follows:
red do so because they have diminished the
I entrepreneurial issues, ii) social and
value provided by the resources under their
personal issues, iii) technical issues, and iv)
control. It's possible that in a different
marketing issues. Jaiswal (2014) conducted
setting, those assets might have been put to
study which presents a percentage
better use. The denim tote that the
breakdown, based on survey respondents'
shopkeeper had initially priced at $50 is now
perceptions, of the variables impacting the
just $30 due to his financial difficulties. Such
difficulties faced by women business owners.
a mistake in judgement is important to the
Since most women entrepreneurs also
success of entrepreneurs and the health of
struggle with social and personal issues, it
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stands to reason that a training approach masks, in part to make sure their business
would be useful in bolstering women's self- can keep providing a "essential service."
assurance and allowing them to better fulfil According to the results of an experimental
these demands. research done by Kaur (2021), the most
serious issues that may occur for business
According to Sharma (2013), women
owners as a direct consequence of COVID-
business owners face a number of obstacles,
19 are the negative impact it has on the
including societal norms that discourage
working capital of the firm and on future
them from starting businesses, a lack of
marketing activities undertaken to seek new
access to necessary resources, and a bias
orders. It turned out, however, that most of
against them. Production cost fluctuations,
them had the technological chops to pick up
low risk tolerance, management
the latest gadgets quickly, so they jumped at
incompetence, and the relentless exploitation
the chance to start manufacturing N95 masks
of intermediaries further contribute to a
and other forms of PPE (PPE). To the best of
highly discouraging environment.
our knowledge, this study is the first to
According to Veena (2014), the vast majority examine the short-term consequences of
of women company owners participated in COVID-19 on the textile industry in Punjab.
an EDP course before beginning their
The Indian fashion industry has reacted in
companies. A total of 44% of firm founders
ingenious ways, as seen by Kumar & Kumar
said they received help from organisations
(2021). The Fashion Design Council of India
beyond their immediate sphere of influence
(FDCI) is only one of the pioneering
while writing up their first reports. To satisfy
institutions to announce the launch of a
material necessities and for other personal
COVID-19 Support Fund, which will
reasons, some people decide to reinvent
provide emergency financial assistance to
themselves as business owners.
COVID-19 participating young designers
The fashion industry in India has responded and small enterprises. As was to be
in innovative and thought-provoking ways, predicted, everyone has begun developing
as depicted by Kumar & Kumar (2021). To masks, in part to ensure the continuity of the
help young designers and small businesses, company's "vital service." However, masks
the Fashion Design Council of India (FDCI) provide their own set of challenges as a
was one of the first to announce the launch of "addition" to the case given that the primary
a COVID-19 Support Fund. As was to be focus is not on the aesthetic value of the
expected, everyone has started making masks but on their practicality. In addition,
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your social status and level of sophistication METHODOLOGY FOR THE STUDY:
at any given moment are reflected in the
Quantitative technique is adopted with
mask you choose to wear. It would be a little
various statistical tools. ANOVA one way,
tone deaf to don a designer mask now, since
regression and non-parametric (chi-square
the atmosphere has settled down to a more
test) are applied to procced for the defined
subdued level.
objectives.
Based on her empirical research, Kaur (2021)
Data Analysis and exploring facts:
found that the negative effects of COVID-19
on a company's operating capital and future Impact analysis:
marketing efforts to win new orders are the 1- ANOVA table: One way ANOVA
primary causes for worry for business table
owners. It turned out, however, that the vast This table is reflecting the impact of city or
majority of them had the technological region on women empowerment.
wherewithal to readily absorb digital Means it answers about whether in different
knowledge, and they seized chances to cities of Telangana women entrepreneurs
produce N95 masks and other forms of are facing similar constraints and having
personal protection equipment (PPE). This similar empowerment.
investigation of the immediate results of In this study, homogeneous group of cities
COVID-19 in Punjab's textile sector is the (areas) are formulated into three group i.e.
first of its kind. urban, rural and sub-urban.
Study is examined at 5% of significant
Objective of the study:
level.
• To determine the factors of the H0: there is no significant difference
women empowerment between the cities from (rural, urban and
• To examine the dependency between sub-urban) with respect to women
government policies and women empowerment.
empowerment.
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2- ANOVA table
In table- 1 is referring p value .03 which Second is ANOVA table, which reflect
refers the rejects of null hypothesis that the significance of the model with
means women from different areas do have respect to the relationship between the
different empowerment and challenges. variables.
3- Regression coefficient:
Regression Analysis:
It represents the coefficient and its effect
For analysing first, third and fifth hypothesis on dependent variable as here women
the regression analysis is done. empowerment is the dependent variable.
In regression analysis there are three tables
appear
1- Model Summary:
It depicts R- square value for explaining
the variton happened in the model due to
the selected variables.
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Table- 2 is depicting R square value. Here R Generally, more than 0.60 value is
square 0.64, which shows the satisfactory acceptable to move forward to analyse the
results about the included variables to values.
represent the relationship in the model.
Table-3 is reflecting the model significance. significance and we can move ahead for the
Here, F value is significance as p value is regression analysis.
less than 0.05. therefore, model is
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Table- 4 is reflecting the causes and affect the computation of final variable of family
relationship between the variables. constraints. And it refers a significant
Age does have significance impact on negative impact on women empowerment.
women empowerment, women who are Further policies and other training program
higher age group is more empowered than supported by government and NGOs or other
the younger one. Marital status does not have administrative agencies if not working
any significant impact as p value is higher properly and acted as difficult scenario, that
than .05. Moreover, education is significant negatively affect the women empowerment.
variable to impact women empowerment. As Moreover, last but not least market threat
women acquiring more education they are also impacts women empowerment, high
getting more empowered. Experience does market constraint limits the women
not have any significant impact as p value for empowerment with significant marginal rate.
experience is more than .05. Higher the market constraints will give
Initial investment also do not have restrict women to make decision
significant but at 10% of significance we can independently.
consider this result significant and take this Lastly, COVID situation were also a major
measurement into account while making factor to affect the women empowerment.
policies about women empowerment as this Cocid situation make women entrepreneurs
is having positive impact on women more Vulnerable. As from the coefficient
empowerment. analysis, it is reflected that with the increases
Moreover, financial constraint was calculated of pandemic women were getting slow and
by reversing the construct values and restricted in expanding their business.
revealed that it is significantly reverse the However, it was clear from percentage
women empowerment. More financial analysis that women faced more mental and
constraint decreases the women health issues during pandemic and they also
empowerment. suffer with financial and workforce
Similarly social constraints were computed management.
by reversing the social support construct’s
value and analysed the women
Dependency between Government
empowerment, it also has significant
training programs and women
negative impact on women empowerment.
empowerment:
However, family constraint was direct
From the construct of government support
statement to measure the variable except one
variable, training and workshop variable got
statement which got reversed and included in
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extracted and this analysis is made to Here we are examining the dependency
examine the last two hypothesis of the study. between government training and workshop
program on women empowerment.
From table-5 depict the chi-square to assess Fifty sample women entrepreneurs
the dependency between qualitative (beneficiaries of the NGOs) in the coastal
variables. Here, p value of chi-square test is area of Karnataka are interviewed to assess
less than .05 or most likely equal to .05. So the effectiveness of the NGOs'
the value mentioned in table 4.57 in last Entrepreneurship Development Programme
column indicating a significant dependency for women. Their background, what drives
between training and workshop conducted them, and what they think of the EDP are all
for upliftment of women entrepreneurship. covered. Before and after research is used to
Therefore, government should keep working examine how women's roles have changed.
in this direction.
The impacts of a non-governmental
Analysis of open-ended questionnaire:
organization's (NGO) entrepreneurial
As all women are not approaching any NGOs development programme on women are
and NGOs too focus on few marginal section examined in terms of yearly turn over,
of the women to uplift the status hence only profitability, value of assets, and degree of
50 women who were getting NGOs facilities satisfaction with post-training assistance. The
are interviewed and recorded the responses degree to which the beneficiaries' asset
given below: positions have changed would be an
indication of the level to which they have
been empowered. However, the
94
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