Slide 1:1 International Conference on "Harnessing Entrepreneurial Potential of Women For Economic Growth" Organized by Manipal Institute of Management, Manipal To be held during January 22-24, 2009 WOMAN ENTREPRENEURS AND NETWORKING Prof. Chowdari Prasad Professor of Finance & Registrar, Alliance Business School Bangalore – 560 068, Email: Chowdari.p@absindia.org and Vamshi Krishna Arumbaka PGP Student (Marketing), Alliance Business School Bangalore – 560 068, Email: Vamshiavk@yahoo.com Women Entrepreneurs and Networking


SITUATION ANALYSIS :2 SITUATION ANALYSIS National Knowledge Commission – 10% National Literacy Mission – 56.16% Women’s Reservation Bill 95% unacknowledged Barriers Women Entrepreneurs and Networking


CHALLENGES :3 CHALLENGES Gender based inequality Social discrimination and economic exploitation Occupation of girl child in domestic chores Low enrolment of girls in schools and Low retention rate and high dropout rate Women Entrepreneurs and Networking


NEED FOR NETWORKING :4 NEED FOR NETWORKING Bihar - “Jago Behna”, “Didi Bank” Women Empowerment Gender Equality Single vs Group Why Networking? Women Entrepreneurs and Networking


LITERATURE REVIEW :5 LITERATURE REVIEW Carter and Cannon (1988) - need for independence Buttner and Moore (1997) – Glass Ceiling effect Berta Esteve-Volart, London School of Economics and Political Science (1998) – Status and position in the society Brindley and Ritchie (1999) - need for flexibility, negative experiences Women Entrepreneurs and Networking


NETWORKING AND SUCCESS Cont… :6 NETWORKING AND SUCCESS Cont… Self Help Groups (SHG), AP Poor women Micro Credit Flexible interest rates Over 35,000 women covered Women Entrepreneurs and Networking


NETWORKING AND SUCCESS Cont… :7 Lizzat Papad – 15th March, 1959 Shri Mahila Griha Udyog Poor women Network started with 7 women Strengthened workforce Over 45,000 families covered Turnover of over 300 Crores NETWORKING AND SUCCESS Cont… Women Entrepreneurs and Networking


NETWORKING AND SUCCESS Cont… :8 BHAGAVATHULA CHARITABLE TRUST, AP - 1967 Dr Parameswara Rao moves to Anakapalli, AP Pioneer of Micro Finance Two fold objective: Income generating Employment Creating Over 28,000 women covered NETWORKING AND SUCCESS Cont… Women Entrepreneurs and Networking


NETWORKING AND SUCCESS Cont… :9 Self Employment Women Association (SEWA) – 1962 Poor, self-employed women Obtain work security, income security, food security and social security Self-reliant, individually and collectively Gandhian thinking is the guiding force Over 18,000 families covered NETWORKING AND SUCCESS Cont… Women Entrepreneurs and Networking


NETWORKING AND SUCCESS Cont… :10 SKS MICRO FINANCE, - 1998 Vikram Akula's Swayam Krushi Sangham 18 states, 80,00,000 families One of the fastest growing microfinance organizations in the world Provided over US $1 billion (Rs 5,141 Crore) 33,31,167 women members in the network Interest free loans, insurance NETWORKING AND SUCCESS Cont… Women Entrepreneurs and Networking


Slide 11:11 Confederation Of Women Entrepreneurs (COWE) – 2004 “By women, Of women, For women” Aspiring to be socially, economically self reliant Provides guidance to grow and work as a group, in a network Organizes monthly retreats, discussion forums, and financial advisory Procuring land through government support to set up exclusive industrial estates for women Reserving a 10% of the SEZs (Special Economic Zones) for women Works as an enabler to success and entrepreneurship Provides a platform to exhibit and Motivation NETWORKING AND SUCCESS Cont… Women Entrepreneurs and Networking


Slide 12:12 Federation of Indian Women Entrepreneurs (FIWE) Brings the businesswomen on a common platform Create public awareness towards women's contribution to the National Economy Establish pressure groups advocating the cause of women Educate and train young women entrepreneurs for their right initiation into business Together Towards a Glorious Future! NETWORKING AND SUCCESS Cont… Women Entrepreneurs and Networking


AGENCIES :13 AGENCIES Domestic Agencies: • Small Industries Development Bank of India, SIDBI • Industrial Development Bank of India, IDBI • Ministry of Small Scale Industries (SSI), Government. of India. • National Bank for Agriculture Rural Development, NABARD • Department of Women and Child Development (WCD), Ministry of HRD, GOI • Self Help Groups (SHG) • Mahila Mandali • SKS Micro Finance by Vikram Akula Women Entrepreneurs and Networking


AGENCIES Cont… :14 AGENCIES Cont… International Agencies: • United Nations Development Fund for Women, UNIFEM • Asian Development Bank, ADB • International Labour Organization, ILO • United Nations Conference on Trade and Development, UNCTAD • Center for International Private Enterprises, CIPE, USA • Swedish International Development Cooperation Agency, SIDA, Sweden • World Trade Organization, WTO Women Entrepreneurs and Networking


Slide 15:15 "One need not be in the main function of production, marketing, sales and service. What the women in India should look at is the support functions where a huge gap exists" Yeshasvini Ramaswamy, e2e People Practice Women Entrepreneurs and Networking


Slide 16:16 “Women shy away from the entrepreneurial path as it is considered too hard and not worth fighting for, the problem lies in its realization” Confederation of Indian Industries Women's Business Leaders Forum Women Entrepreneurs and Networking


NEW AGE CEOs :17 NEW AGE CEOs Strong, High risk taking Educated, Knowledgeable Better leadership and management Many first generation Use of technology Powered network Women Entrepreneurs and Networking


NEW AGE CEOs Cont… :18 NEW AGE CEOs Cont… Ruchi Chopra, 24, ASAP Sapna Gupta, 35 Air Hostess Academy (AHA) 40 centres in 29 cities Devita Saraf – Zenith Computers (300 Crores) Chauhan Saluja – Parle (700 Crores) Pooja Jain - Luxor Writing Intruments Others Women Entrepreneurs and Networking


POSITIVE FINDINGS – NKC Entrepreneurship Report :19 POSITIVE FINDINGS – NKC Entrepreneurship Report Women Entrepreneurs and Networking


POSITIVE FINDINGS – NKC Entrepreneurship Report :20 POSITIVE FINDINGS – NKC Entrepreneurship Report Women Entrepreneurs and Networking


POSITIVE FINDINGS – NKC Entrepreneurship Report :21 POSITIVE FINDINGS – NKC Entrepreneurship Report Women Entrepreneurs and Networking


GLOBAL SCENARIO :22 GLOBAL SCENARIO Noni S. Ayo, the Managing Director of Agricultural and Rural Development for Catanduanes, Incorporated (ARDCI) which has a network of 23,000 provinces in Phillipines The World Association of Women Entrepreneurs (Femmes Chefs d’Entreprises Mondiales, FCEM) currently organizes national affiliates in 35 states, and has been headed since 1998 by the Tunisian entrepreneur Layla Khaïat European Association of Women Entrepreneurs launched ‘The Femmes Business Angels network’ in October 2003 The First Women’s Bank Limited (FWBL) – 1989, Pakistan, 28,000 members Bangladesh Women Entrepreneurs Network Women Entrepreneurs and Networking


JEWELS OF INDIA :23 JEWELS OF INDIA Kiran Mazundar Shaw – Biocon Chanda Kochar, Kalpana Morparia - ICICI Bank Mallika Srinivasan - Tractor And Farm Equipments (TAFE) Amrita Patel - National Dairy Development Board (NDDB) Vinita Bali - Britannia Industries Kalpana Chawla, Sunita Williams – NASA President Pratibha Patil, Sonia Gandhi, Chairperson of UPA, Mamata Banerjee-MP, Jayalalitha (TN) from Indian Politics Shobaa De, Arundhati Roy – Authors, Opinion Leaders Priety Zinta - IPL Sudha Murthy – Infosys CSR Arm Medha Patkar – Narmada Bachchao Andolan Mother Theresa Women Entrepreneurs and Networking


BENEFITS OF NETWORKING :24 BENEFITS OF NETWORKING Congruence Better management, leadership Synthesis of efforts Legal, Financial, managerial advice Adaptation Motivation Handling Challenges Viral effect Longer incubation, Improves delivery time Eliminates corruption Women Entrepreneurs and Networking


CONCLUSION :25 CONCLUSION Networking enables – Diversity Unity Voice Speed Experience Information Employment Generation Harnessing women’s potential Overall Economic Growth, Wealth Creation, Dissemination of knowledge Women Entrepreneurs and Networking


Slide 26:26 Destiny is not a matter of chance; It is a matter of choice; It is not a thing to be waited for; It is a thing to be achieved. William Jennings Bryan Women Entrepreneurs and Networking


Slide 27:27 Thank You Together Towards a Glorious Future! Women Entrepreneurs and Networking


Hurdles :28 Hurdles Women Entrepreneurs and Networking


Slide 29:29 Why Entrepreneurship Level 1: Agriculture and other activities: Crop production, Plantation, Forestry, Livestock, Fishing, Mining and Quarrying. Level 2: Trading services: Wholesale and retail trade; Hotels and restaurants Level 3: Old economy or traditional sectors: Manufacturing, Electricity, Gas and Water supply Level 4: Emerging sectors (including knowledge intensive sectors): IT, Finance, Insurance and Business services, Construction, Community, Social & Personal Services, Supply Chain, Transport-Storage-Communications etc. Women Entrepreneurs and Networking


Slide 30:30 Education, Innovation and Intrepreneurship Required entrepreneurial skills involves a combination of critical (objective, analytical and logical) as well as creative empathetic (lateral, imaginative and emotional) thinking. Imparting such skills is a process, which starts right from the school stage. However, critical aspects of higher education include professional education, Vocational Education and Training (VET) and skill development. Women Entrepreneurs and Networking


What Motivates Entrepreneurship :31 What Motivates Entrepreneurship Women Entrepreneurs and Networking


What Motivates Entrepreneurship :32 What Motivates Entrepreneurship Challenge: Challenge is the principal ‘Motivation Driver, as many as 38% said they consider the challenge in Entrepreneurship to be the main driver for the excitement and satisfaction of doing business Independence: Independence is important, both as a trigger and as a driver. It is a crucial trigger (as 22% of those interviewed said) as well as a significant driver (32%) Money: Money is a secondary factor during the business development (12%) and is considered less significant as an excitement factor than either challenge or independence Overall Satisfaction: An overwhelming 99.4% of the entrepreneurs said they do not want to be in a routine job, signifying that they are satisfied with their vocation and do not regret their initial decision to become entrepreneurs. Change in Mindset: The study also found that there has been a gradual change in mindset towards ownership among entrepreneurs. They are more comfortable with the idea of a professional manager, from outside the family, taking control of their business. Younger entrepreneurs, particularly in the knowledge intensive sectors, are also open to the idea of selling off a business. Women Entrepreneurs and Networking


Slide 33:33 Thank You Together Towards a Glorious Future! Women Entrepreneurs and Networking