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Importance of WE
50% of the population Traditionally outside the domain of economic activities They must be made part of the economic development, because it will not only ensure the economic & social development of the women along with providing more human resources to strengthen the economy of the country. The economic status of women is now accepted as an indicator of a societys stage of development.
When women move forward, the family moves, the village moves and the Nation moves. -Pandit Jawahar Lal Nehru
Status of WE
Traditionally W had insignificant role 1970s witnessed some of the W entering the no-womens land of business entrepreneurship, risk taking and financial adventure. According to official stats 50% of population own & operate less then 5% of economic activity. Their participation is 60% in SSI, 15% in large and rest in cottage & micro segment. They work primarily in sectors such as trade & services to tailoring, beauty parlors, and printing. Their participation in manufacturing is minimal. However, their contribution is much greater then shown in stats because much of it is in informal sector & household. Women contribution paradox. Presently W from every strata of the society from metros to the backward regions of the country are entering.
The trend has arisen mainly because of the changes in the social attitude, breakup of the traditional joint family system, rising standard of living, opportunities for higher education for W, growing awareness for economic independence, consciousness of their potential, and credit & other facilities provided by the G & NG organizations. Future knowledge economy will make it possible for woman to contribute to economic activities along with keeping pace with their multiple responsibilities & socio cultural & bio disabilities.
Basically it is the familial & social conditioning that reduces the confidence, independence & mobility of women; and Insensitivity to the gender issues that result into problems in the way of WE.
Entrepreneurship Environment
The overall context of We can be described into three spheres: Micro sphere: unequal power relation with men; male possessiveness & dominance; social resistance to womens economic environment. Meso sphere: organizations providing support services to E are lacking awareness about womens concerns & insensitive towards gender issues. Macro sphere: comprises many interconnecting structures & dynamics, including laws and regulations, economy, international trade, availability of finance & credit, labor market human capital, tech, physical infrastructure & natural resources.
Some Eminent WE
Vidya chabria Anu aga Sullajja Firodia Motwani Ekta Kapoor Kiram Mazumdar Shaw Shahnaz Hussain Ritu kumar Amrita Patel Priya Paul Swati Piramal Anuradha Desai
Assignment
Choose any successful women entrepreneur in India, study her profile and discuss in your group the challenges she has faced and find out how she has overcome the same.
Assignment
Choose any successful entrepreneur from your nearby location, study his profile and discuss with him the challenges he has faced and find out how he has overcome the same. Also find from him what he learnt from his mistakes?