THE DEFINING MOMENTS OF BUSINESS SUCCESS AMONG WOMEN MICRO-ENTREPRENEURS

A LITERATURE REVIEW AND FUTURE DIRECTIONS

Authors

  • Jonathan Gano-an Compostela Valley State College, Philippines

DOI:

https://doi.org/10.32770/rbaos.vol295-112

Keywords:

micro-entrepreneurship, entrepreneurship, literature review, women entrepreneurs

Abstract

Empirical studies indicate that the unprecedented number of women who engaged in entrepreneurial endeavors is significantly increasing and their participation in entrepreneurship was fueled by their experiences, role at home, and societal norms. This paper defines the business success and illuminates its meaning from the perspective of women micro-entrepreneurs. A systematic literature review approach was employed in using pre-determined keywords. For the purpose of this study, these literatures are limited within the scope of women micro-entrepreneurship which are published in peer reviewed journals from 2001 to 2019. Findings of this literature review showed that women micro-entrepreneurs used subjective terms to define and interpret success instead of solely using quantitative criteria. From the selected readings, the definition of success has been refined and illuminated and expressed such in specific circumstance that translates to ‘moments of success’. Among the moments that define their success are autonomy, personal contentment, enjoyment, being able to control destiny, survival during hard times, and the skills developed. These moments further have afforded them to attain empowerment allowing them to gain status in the society. Philosophically, most of these researches are considered within post-positivist and constructivist worldviews and it is suggested that future studies, in view of multiple realities and innovative approach, a pragmatist view may be considered.

Downloads

Download data is not yet available.

References

Abdullah, F., Hamali, J., Rahman Deen, A., Saban, G., & Zainoren Abg Abdurahman, A. (2009). Developing a framework of success of Bumiputera entrepreneurs. Journal of Enterprising Communities: People and Places in the Global Economy, 3(1), 8-24.

Adomako, S., Danso, A., Uddin, M., & Damoah, J. O. (2016). Entrepreneurs’ optimism, cognitive style and persistence. International Journal of Entrepreneurial Behavior & Research, 22(1), 84-108.

Ahmad, N., & Seet, P. S. (2006). Financial and non-financial indicators of business success: A study of Australian and Malaysian SME entrepreneurs. In ANZAM Annual Conference, Rockhampton, Queensland.

Akhalwaya, A., & Havenga, W. (2012). The barriers that hinder the success of women entrepreneurs in Gauteng, South Africa. OIDA International Journal of Sustainable Development, 3(5), 11-28.

Alam, S. S., Jani, M. F. M., & Omar, N. A. (2011). An empirical study of success factors of women entrepreneurs in southern region in Malaysia. International Journal of Economics and Finance, 3(2), 166.

Ashraf, M. F., & Qureshi, T. M. (2010). Risk taking and essential success factors: A comparative analysis in 21st century entrepreneurial dimensions. Mustang Journal of Business and Ethics, 1, 99.

Attar, M. R. H., & Jawale, S. R. (2012). Women Entrepreneurs in India-Present Scenario. Retrieved from http://www.nevillewadia.com/images/Cronicle2012/Mr.-Riyazkhan-H.-Attar12.pdf

Ayobami, A. P., & Olakitan, O. O. (2011). An investigation of personality on entrepreneurial success. Journal of Emerging Trends in Economics and Management Sciences, 2(2), 95-103.

Ayyagari, M., Demirguc-Kunt, A., & Maksimovic, V. (2011). Small vs. young firms across the world: contribution to employment, job creation, and growth. The World Bank.

Bakri, A. M. M. (2012). Developing Sustainable Growth Model for Women Entrepreneur in Malaysia: Case Study in Johor Bahru (Doctoral dissertation, Universiti Teknologi Malaysia).

Baruch, Y. (2006). Career development in organizations and beyond: Balancing traditional and contemporary viewpoints. Human Resource Management Review, 16(2), 125-138.

Baumeister, R. F., & Leary, M. R. (1997). Writing narrative literature reviews. Review of General Psychology, 1(3), 311-320.

Benz, M. (2009). Entrepreneurship as a non-profit-seeking activity. International Entrepreneurship and Management Journal, 5(1), 23-44.

BMO Wealth Management Report (2016). Are there gender differences among entrepreneurs? Retrieved from https://wealth.bmoharris.com/media/resource_pdf/bmowi-gender-entrepreneurs.pdf

Cader, H. A., & Leatherman, J. C. (2011). Small business survival and sample selection bias. Small Business Economics, 37(2), 155-165.

Cardon, M. S., & Patel, P. C. (2015). Is stress worth it? Stress‐related health and wealth trade‐offs for entrepreneurs. Applied Psychology, 64(2), 379-420.

Carter, N. M., Gartner, W. B., Shaver, K. G., & Gatewood, E. J. (2003). The career reasons of nascent entrepreneurs. Journal of Business Venturing, 18(1), 13-39.

Carter, S., & Jones-Evans, D. (Eds.). (2006). Enterprise and small business: Principles, practice and policy. Pearson Education.

Cassar, G., & H. Friedman. (2009). Does self-efficacy affect entrepreneurial investment? Strategic Entrepreneurship Journal, 3, 241–260.

Chotkan, R. (2009). Female entrepreneurship: Surinamese women acting entrepreneurial (Master's thesis, University of Twente).

Chotkan, R. (2009). Female entrepreneurship: Surinamese women acting entrepreneurial (Master's thesis, University of Twente).

Dawson, C., de Meza, D., Henley, A., & Arabsheibani, G. R. (2014). Entrepreneurship: Cause and consequence of financial optimism. Journal of Economics & Management Strategy, 23(4), 717-742.

Deci, E. L., & Ryan, R. M. (2011). Self-determination theory. Handbook of Theories of Social Psychology, 1(2), 416-433.

Dej, D. (2010). Defining and measuring entrepreneurial success. Entrepreneurship: A Psychological Approach, 89-102.

Deng, S., Wang, X., & Alon, I. (2010). Framework for female entrepreneurship in China. International Journal of Business and Emerging Markets, 3(1), 3-20.

Dhillon, M. (2017). Challenges faced by women entrepreneur in India. International Journal in Multidisciplinary and Academic Research, 6(4).

Din, H. (2007). Islam: Effective referral of good manners. Malaysia: PTS Litera Utama.

Dougherty, D. D, Neubert, M., Griebel, J., & Park, J. (2013). A religious profile of American entrepreneurs. Journal for the Scientific Study of Religion, 52,104–109.

Eib, C., & Siegert, S. (2019). Is female entrepreneurship only empowering for single women? Evidence from France and Germany. Social Sciences, 8(4), 128.

Ettl, K., & Welter, F. (2012). Women entrepreneurs and success. In Women’s entrepreneurship and economics (pp. 73-88). Springer, New York, NY.

Fahed-Sreih, J., & Morin-Delerm, S. (2012). A Perspective on leadership in small businesses: Is the need for achievement a motive in predicting success? International Journal of Entrepreneurship, 16, 1.

Fauchart, E., & Gruber, M. (2011). Darwinians, communitarians, and missionaries: The role of founder identity in entrepreneurship. Academy of Management Journal, 54(5), 935-957.

Fisher, R., Maritz, A., & Lobo, A. 2014. Evaluating entrepreneurs’ perception of success: Development of a measurement scale. International Journal of Entrepreneurial Behavior & Research, 20(5), 478-492.

Gomezelj, D. O., & Kusce, I. (2013). The influence of personal and environmental factors on entrepreneurs’ performance. Kybernetes, 42(6), 906–927.

Gorgievski, M. J., Ascalon, M. E., & Stephan, U. (2011). Small business owners’ success criteria, a values approach to personal differences. Journal of Small Business Management, 49(2), 207-232.

Goyal, M., & Parkash, J. (2011). Women entrepreneurship in India-problems and prospects. International Journal of Multidisciplinary Research, 1(5) 132-137.

Griebel, J. M., Park, J. Z., & Neubert, M. J. (2014). Faith and work: An exploratory study of religious entrepreneurs. Religions, 5(3), 780-800.

Gupta, P., Guha, S., & Krishnaswami, S. (2013). Firm growth and its determinants. Journal of Innovation and Entrepreneurship, 2(1), 1-14. doi:10.1186/2192-5372- 2-15

Hazlina Ahmad, N., Ramayah, T., Wilson, C., & Kummerow, L. (2010). Is entrepreneurial competency and business success relationship contingent upon business environment? A study of Malaysian SMEs. International Journal of Entrepreneurial Behavior & Research, 16(3), 182-203.

Hmieleski, K. M., & Baron, R. A. (2009). ‘‘Entrepreneurs’ optimism and new venture performance: A social cognitive perspective’’. Academy of Management Journal, 52(3),473-488.

International Labor Organization (2015). Jobs, gender and small enterprises in Bangladesh. Retrieved from http://www.cartierwomensinitiative.com/docs/

Jayawarna, D., Rouse, J., & Kitching, J. (2013). Entrepreneur motivations and life course. International Small Business Journal, 31, 34-56. doi:10.1177/0266242611401444

Justo, R., DeTienne, D. R., & Sieger, P. (2015). Failure or voluntary exit? Reassessing the female underperformance hypothesis. Journal of Business Venturing, 30(6), 775-792.

Kepler, E., & Shane, S. (2007). Are male and female entrepreneurs really that different?. Washington, DC: Office of Advocacy, US Small Business Administration.

Khalili, N., Qassas, N., & Barghouthi, S. (2018). Women Entrepreneurs in Palestine: Motivations, Challenges and Barriers.

Kirkwood, J. (2016). How women and men business owners perceive success. International Journal of Entrepreneurial Behavior & Research, 22(5), 594-615.

Klyver K., & Grant S. (2010). Gender differences in entrepreneurial networking and participation. International Journal of Gender and Entrepreneurship, 2(3), 213-227.

Lai, K., Nathan, R., Tan, K., & Chan, B. (2010). Effect of Innovation to the Success of Female Entrepreneurs. Journal of Innovation Management in Small and Medium Enterprise, 1–14. http://doi.org/10.5171/2010.369877

Lambert III, L., & Lambert, L. (2009). Spirituality, Inc: Religion in the American Workplace. New York: NYU Press.

Lamine, W., Mian, S., & Fayolle, A. (2014). How do social skills enable nascent entrepreneurs to enact perseverance strategies in the face of challenges? A comparative case study of success and failure. International Journal of Entrepreneurial Behavior & Research, 20(6), 517-541.

LeBlanc, A. A. (2013). The effect of education and knowledge, experience, mentoring, and risk on the successful entrepreneur: A qualitative study (Doctoral dissertation, Capella University).

Lindsay, D. M., & Smith, B. C. (2010). Accounting by faith: The negotiated logic of elite evangelicals’ workplace decision-making. Journal of the American Academy of Religion, 78(3), 721-749.

Lussier, R. N., Sonfield, M. C., Corman, J., & McKinney, M. (2001). Strategies used by small business entrepreneurs. American Journal of Business, 16(1), 29-38. doi:10.1108/19355181200100003

Matharu, S. K. (2016). A Study on Motivational Factors that Affects the Success of Women Entrepreneurs. Prestige e-Journal of Management and Research 3(2).

Makhbul, Z. M. & Hasun, F. M. (2011). Entrepreneurial Success: An Exploratory Study among Entrepreneurs. International Journal of Business and Management, 6(1), 116- 125.

Matherly, T. A., & Goldsmith, R. E. (1985). The two faces of creativity. Business Horizons, 28(5), 8-11.

Mboko, S., & Smith-Hunter, A. (2010). Zimbabwe women business owners: Survival strategies and implications for growth. Journal of Applied Business & Economics, 11(2).

McGowan, P., Redeker, C. L., Cooper, S. Y., & Greenan, K. (2012). Female entrepreneurship and the management of business and domestic roles: Motivations, expectations and realities. Entrepreneurship & Regional Development, 24(1-2), 53-72.

Millan, J.M., Hessels, J., Thurik, R., & Aguado, R. (2013). Determinants of job satisfaction: A European comparison of self-employed and paid employees. Small Business Economics, 40, 651–670.

Miller, D. W., & Ewest, T. (2013). Rethinking the impact of religion on business values: Understanding its reemergence and measuring its manifestations. Dimensions of teaching business ethics in Asia (pp. 29-38). Berlin, Heidelberg: Springer

Minarcine, S., & Shaw, C. (2016). Motivations for Entrepreneurship. Journal of The Academic Business World, 10(2), 47-56.

Morris, M. H., Webb, J. W., Fu, J., & Singhal, S. (2013). A competency-based perspective on entrepreneurship education: Conceptual and empirical insights. Journal of Small Business Management, 51(3), 352–369. https://doi.org/10.1111/jsbm.12023

Mustapha, M. (2016). Challenges and success factors of female entrepreneurs: Evidence from a developing country. International Review of Management and Marketing, 6(4S), 224-231.

Nawaz, F. (2009). Critical factors of women entrepreneurship development in rural Bangladesh. Retrieved from https://papers.ssrn.com/sol3/papers.

Nieman, G., & Nieuwenhuizen, C. (2009). The nature and development of entrepreneurship: A South-African perspective. (2nd ed.). Pretoria, South-Africa: Van Schaik.

Orser, B., & Dyke, L. (2009). The influence of gender and occupational-role on entrepreneurs’ and corporate managers’ success criteria. Journal of Small Business and Entrepreneurship, 22, 327-354.

Parker, S. C. (2004). The economics of self-employment and entrepreneurship. Cambridge University Press.

Parvin, L. Rahman, M. W. & Jia, J. (2012). Determinates of Women Microentrepreneurship Development: An Empirical Investigation in Rural Bangladesh. International Journal of Economics and Finance, 4(5), 254- 260.

Penrose, E., & Penrose, E. T. (2009). The theory of the growth of the firm. Oxford: Oxford University Press.

Peris Bonet, F., Rueda Armengot, C., & Galindo Martín, M. Á. (2011). Entrepreneurial success and human resources. International Journal of Manpower, 32 (1), 68-80.

Potgieter, I. (2012). The relationship between the self-esteem and employability attributes of postgraduate business management students. SA Journal of Human Resource Management, 10(2), 1-15.

Powell, G. N., & Eddleston, K. A. (2013). Linking family-to-business enrichment and support to entrepreneurial success: Do female and male entrepreneurs experience different outcomes? Journal of business venturing, 28(2), 261-280.

Price, L., Rae, D., & Cini, V. (2013). SME perceptions of and responses to the recession. Journal of Small Business and Enterprise Development, 20, 484-502. doi:10.1108/JSBED-04-2013-0057

Pulubuhu, D. A. T., Sutinah, S., Wati, S., & Adhawaty, S. S. (2019). Strategies for women’s empowerment in household industries in the province of South Sulawesi. Review of Behavioral Aspect in Organizations and Society, 1(2), 167-178.

Rashid, K. M., Ngah, H. C., Mohamed, Z., & Mansor, N. (2015). Success Factors Among Women Entrepreneur in Malaysia, 1(2), 28–36.

Rauch, A., & Frese, M. (2007). Let’s put the person back into entrepreneurship research: A meta-analysis on the relationship between business owners’ personality traits, business creation, and success. European Journal of Work and Organizational Psychology, 16(4), 353-383.

Razmus, W., & Laguna, M. (2018). Dimensions of entrepreneurial success: A multilevel study on stakeholders of micro-enterprises. Frontiers in Psychology, 9, 791.

Reavley, M. A., & Lituchy, T. R. (2008). Successful women entrepreneurs: A six-country analysis of self-reported determinants of success-more than just dollars and cents. International Journal of Entrepreneurship and Small Business, 5(3), 272.

Reijonen, H., & Komppula, R. (2010). The adoption of market orientation in SMEs: Required capabilities and relation to success. Journal of Strategic Marketing, 18(1), 19-37.

Rieger, K. (2012). Phenomenological exploration of the characteristics of successful women entrepreneurs. Northcentral University.

Romelus, B. (2015). 5 Reasons Why People Become Entrepreneurs. Retrieved from https://www.business2community.com/small-business/5-reasons-why-people-become-entrepreneurs-01342462

Russell, M. L. (2013). The secret of leadership success. In handbook of faith and spirituality in the workplace. New York, NY: Springer.

Sabrina, R. (2007). Micro finance, women, and patriarchy in Nepal: A critical analysis of women's economic rights. Micro finance focus, August 2007, Vol - 1, Issue - 12

Sadi, M. A., & Al-Ghazali, B. M. (2012). The dynamics of entrepreneurial motivation among women: A comparative study of businesswomen in Saudi Arabia and Bahrain. New York, NY: Springer.

Saleem, M. A. (2017). The impact of socio-economic factors on small business success. Geografia-Malaysian Journal of Society and Space, 8(1).

Sarkis, J., Naser, K., Mohammed, W. R., & Nuseibeh, R. (2009). Factors that affect women entrepreneurs: evidence from an emerging economy. International Journal of Organizational Analysis.

Schneider, K. (2017). Entrepreneurial competencies of women entrepreneurs of micro and small enterprises. Science Journal of Education, 5(6), 252-261.

Shogren, K. A., Wehmeyer, M. L., & Burke, K. M. (2017). Self-determination. In Handbook of positive psychology in intellectual and developmental disabilities (pp. 49-64). Springer, Cham.

Siba, E. (2019). Empowering women entrepreneurs in developing countries: Why current programs fall short (Policy Brief). Retrieved from https://think-asia.org/bitstream/handle/11540/9976/Empowering-women-entreprenuers-in-developing-countries-190215.pdf?sequence=1

Siddaway, A. (2014). What is a systematic literature review and how do I do one. University of Stirling, 1, 1-13.

Singh, R. (2012). Women entrepreneurship issues, challenges and empowerment through self-help groups: An overview of Himachal Pradesh. International Journal of Democratic and Development Studies, 1(1) 45-58.

Solberg Nes, L., Evans, D. R., & Segerstrom, S. C. (2009). Optimism and college retention: Mediation by motivation, performance, and adjustment. Journal of Applied Social Psychology, 39(8), 1887-1912.

Solesvik, M., Iakovleva, T., & Trifilova, A. (2019). Motivation of female entrepreneurs: A cross-national study. Journal of Small Business and Enterprise Development, 26(5), 684-705. https://doi.org/10.1108/JSBED-10-2018-0306

Srivastava, S. (2012). Motivational Factors Instrumental in the Emergence of Women Entrepreneurship. Aweshkar Research Journal, 13(1).

Storey, D. J. (2011). Optimism and chance: The elephants in the entrepreneurship room. International Small Business Journal, 29(4),303-321.

Taatila, V. P. (2010). Learning entrepreneurship in higher education. Education and Training, 52(1), 48-61

Timmons, J., & Spinelli, S. (2009). New venture creation, entrepreneurship for the 21st Century. NY, USA: McGraw-Hill Higher Education.

Van Praag, C. M. (2003). Business survival and success of young small business owners. Small business economics, 21(1), 1-17.

Wach, D., Stephan, U., & Gorgievski, M. (2016). More than money: Developing an integrative multi-factorial measure of entrepreneurial success. International Small Business Journal, 34(8), 1098-1121.

Walker, S. A. (2009). Reflections on leadership from the perspective of an African American woman of faith. Advances in Developing Human Resources, 11(5), 646–656.

World Bank. (2014). Labor force participation rate. Retrieved from http://data.worldbank.org/indicator/SL.TLF.CACT.FE.ZS

World Economic Forum. (2020). Unleashing the power of Europe’s women entrepreneurs: Six ideas to drive big change. Retrieved from http://www3.weforum.org/docs/WEF_Unleashing_the_power_of_Europes_women_entrepreneurs.pdf

Xavier, S. R., Ahmad, S. Z., Nor, L. M., & Yusof, M. (2012). Women entrepreneurs: Making a change from employment to small and medium business ownership. Procedia Economics and Finance, 4, 321-334.

Yusof, S. M., Hameed, A. B., Tahir, R. M., & Othman, A. (2018). Hablumminallah among successful Muslim women entrepreneur: An exploratory study. International Journal of Academic Research in Business and Social Sciences, 8(5).

Zhang, D., & Bruning, E. (2011). Personal characteristics and strategic orientation: Entrepreneurs in Canadian manufacturing companies. International Journal of Entrepreneurial Behavior & Research, 17(1), 82-103.

Published

2020-10-30

How to Cite

Gano-an, J. (2020). THE DEFINING MOMENTS OF BUSINESS SUCCESS AMONG WOMEN MICRO-ENTREPRENEURS: A LITERATURE REVIEW AND FUTURE DIRECTIONS. Review of Behavioral Aspect in Organizations and Society, 2(2), 95-112. https://doi.org/10.32770/rbaos.vol295-112