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Good practice in supporting women’s entrepreneurship: Why is women’s business networking important?. Christine Atkinson Head of Women’s Entrepreneurship Hub: Centre for Enterprise, University of Glamorgan 1October, 2010, Tbilisi. University of Glamorgan, Wales.

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good practice in supporting women s entrepreneurship why is women s business networking important

Good practice in supporting women’s entrepreneurship: Why is women’s business networking important?

Christine Atkinson

Head of Women’s Entrepreneurship Hub: Centre for Enterprise, University of Glamorgan

1October, 2010, Tbilisi

university of glamorgan wales
University of Glamorgan, Wales

Julie Lydon, Vice Chancellor of University of Glamorgan

introduction
Introduction
  • The Context of Women’s Entrepreneurship
  • Issues facing women entrepreneurs
  • EU Policy Framework
  • Supporting women entrepreneurs at the University of Glamorgan
  • Importance of women’s business networking
1 the context of women s entrepreneurship
1. The context of women’s entrepreneurship
  • Women’s entrepreneurship is increasing in many parts of the world
  • Women are contributing to economic recovery and growth
  • In general, there is still a gender gap in entrepreneurship
  • In Europe, men outnumber women by around 2:1 (more exactly, 18.1% : 9.8%) in entrepreneurship

(GEM Global Women’s Report, 2007; Eurostat 2008)

2 issues facing women entrepreneurs
Lack of access to finance

Work life balance

Stereotypes

Information

Training

Networking

(Eurochambres Women Network, 2010)

Lack of access to role models

Level of optimism

Self confidence

Fear of failure

(GEM Global Women’s Report, 2007)

2. Issues facing women entrepreneurs
3 eu policy framework
3. EU Policy Framework
  • The Lisbon Treaty
    • Article 8 (ex Article 3 (2) TEC) (1)
      • In all its activities, the Union shall aim to eliminate inequalities, and to promote equality, between men and women.
    • Article 153 (ex Article 137 TEC)
      • (i) equality between men and women with regard to labour market opportunities and treatment at work.

Presented by Birgit Arens, Association of European Chambers of Commerce and Industry Eurochambres Women Network at WEEU Conference 16/9/10

eu policy framework continued
EU Policy Framework continued
  • Europe 2020
    • 75% employment target for 20 – 64 age group
    • 3% GDP investment in R&D (particular focus on private R&D; new indicator for R&D and innovation intensity)
    • 20-20-20 (CO2 possibly 30%)
    • Educational attainment: reduce early drop out rate to 10% and increase in tertiary or equivalent education to 40% of 30-34 age population group
    • Promoting social inclusion, in particular through the reduction of poverty, by aiming to lift at least 20 million people out of the risk of poverty and exclusion

Presented by Birgit Arens, Association of European Chambers of Commerce and Industry Eurochambres Women Network at WEEU Conference 16/9/10

eu policy framework continued1
EU Policy Framework continued
  • Small Business Act SBA (COM(2008) 394 final)
    • “The EU and Member States shouod create an environment within which entrepreneurs and family businesses can thrive and entrepreneurship is rewarded.
    • They need to care for future entrepreneurs better, in particular by fostering entrepreneurial interest and talent, particularly among young people and women, and by simplifying the conditions for business transfers.
    • The EC will establish an EU network of female entrepreneur ambassadors, promote mentoring schemes to inspire women to set up their own businesses and promote entrepreneurship among women graduates”.

Presented by Birgit Arens, Association of European Chambers of Commerce and Industry Eurochambres Women Network at WEEU Conference 16/9/10

4 supporting women entrepreneurs at the university of glamorgan
Research into personal, business and professional needs of women entrepreneurs, 2000

MSc Entrepreneurship (Female Entrepreneurs) since 2001

Kathryn Williams, ex-student ......

4. Supporting women entrepreneurs at the University of Glamorgan

…… now Director of Completely Organised

women s entrepreneurship a strategic priority
“It is vitally important that we foster entrepreneurship and encourage more women to convert their ability into action.”Women’s Entrepreneurship – a Strategic Priority

Jane Hutt, Welsh Assembly Minister for Children, Education, Lifelong Learning and Skills (2008)

.

Launch of Women’s Entrepreneurship Hub, Wales 2008

political support in brussels
Political support in Brussels
  • “Currently, women continue to be under represented at senior management level and as proprietors of their own businesses.
  • But when women are given the opportunities to progress in business, they are often the most productive and the most successful in their fields. That is something we should always encourage, but it is particularly relevant as we work to ensure the Welsh economy emerges stronger and more robust from the downturn.”

Jill Evans, MEP, 17/6/09

European Launch of Women’s Entrepreneurship Hub, Brussels, 2009

women s entrepreneurship in the european union weeu
New teaching and learningapproach and materials

Wales, France, Lithuania

Universities, Chambers of Commerce, Women owned businesses

Focus groups

Pilot Women’s Entrepreneurship Summer Schools

Pilot mentoring

Dissemination events

Women’s Entrepreneurship in the European Union (WEEU)

www.weeu.eu

5 importance of women s business networking
Development of human capital

= ‘know how’

Development of social capital

= ‘know who’

5. Importance of women’s business networking

Information

Power

Sharing experiences

Learning

the benefits of networking a tool for transformation
Overcome isolation

Identifying a peer group

Exchanging experiences

Learning informally from one another

Identifying new customers and suppliers

Solving problems

Accessing information

Access to Mentors

Peer mentoring

Getting feedback about the business/products/ services

A stronger, shared voice

Access to power

To learn how to deal with sexist attitudes

The benefits of networking – ‘a tool for transformation’
challenges for women entrepreneurs of networking
Challenges for women entrepreneurs of networking
  • Reluctance to ‘use’ other people for their own ends
  • Limitations of peer networking/lack of access to power
  • Need for clear idea of objective of the networking relationship, e.g. to achieve a stronger market position, to tender for a larger contract by co-operating with complementary businesses
key considerations in women s business networking
Key considerations in women’s business networking
  • Strong and weak ties
  • Bonding and bridging social capital
  • Relationship Building: Commitment, Trust, Reciprocity … demonstrated over time
  • 4 phases: pre-relationship, exploratory, developing and mature/stable
  • Adaptations and Reputations
  • Women’s more holistic way of doing business
what women entrepreneurs say about networking
What women entrepreneurs say about networking ….
  • “There is, without a doubt, a great difference with how women work in business and how men work. The opportunity to discuss business issues and realise it is okay to work differently is great”.

Gail Webb, G & S Training

  • “Three words sum it up for me: motivation, support and encouragement”.

Patricia Mears, Designer/Artist