Female vs. Male Entrepreneurship - is there a difference?

Abstract

Entrepreneurship can be defined as the readiness of an individual to take a risk and start a new business in order to realize profit. The person who decides what to create for whom and how is called an entrepreneur. To be a successful entrepreneur one has to possess certain characteristics. The characteristics that mostly describe entrepreneurial competence include planning and managing projects in order to achieve objectives, mostly in a complex environment, including creativity, innovation and risk taking ability. This paper provides overview of findings of various entrepreneurial competence research by comparing the crucial aspects of competences that entrepreneurs, both male and female are expected to have, with the physical and psychological characteristics of female and male managers that are correlated to the business performance and it’s monitoring in strategic leadership context. Variety of studies shows the connection of entrepreneurship competencies and gender, clamming that women worldwide own and manage less business than men, they tend to focus on different business sectors than men, and have different socioeconomic conditions such as education, social status, financial capacities and similar (Minniti and Naudé, 2010).This paper provides a comprehensive framework of knowledge, skills and attitudes necessary for the fulfilling a successful role of entrepreneur in a complex gender environment as well as comparison between female and male characteristic in correlation with being a successful entrepreneur.

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