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Businesswomen In GEM Research

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Challenges unique to female entrepreneurs
Aside from the all the usual challenges that all entrepreneurs face, there are additional challenges that female entrepreneurs specifically must overcome in order to be successful businesswomen.
One of the most common challenges facing businesswomen is that these women usually have to compromise between the business and family or home life; businessmen are not met with the same challenges and can devote more time to the business as the expectations of female and male family roles are very different (SBP, 2013).
Gender discrimination is another challenge that female entrepreneurs are confronted with, bias and prejudice against women in a male-dominated community gets in the way of businesswomen being …show more content…

Findings from the GEM are also essential because it allows for comparisons to be made across participating countries, this makes it easier to monitor and gage a countries performance. Reynolds et al. (2002) explains that the GEM quantifies the number of people that are pursuing entrepreneurship and are currently involved in managing businesses as a percentage of the country’s total labour force. Reports have shown the strong connection between the amount of entrepreneurial activity in a country and the rate of the country’s economic development, it is also evident from GEM research that a country cannot have a high rate of entrepreneurial activity and a low rate of economic development (Reynolds et al., 2002). Bosma et al. (2012) explains that one of the main objectives of the GEM is to investigate the relationship between entrepreneurial activity and economic …show more content…

(GEM Consortium, 2014) also explains that the social and cultural context includes the significance of entrepreneurship as a profession in communities, the societal standing of entrepreneurs as well as whether or not publicity in the media plays a part in developing ‘entrepreneurial culture’. The political context may refer to a country’s current political situation, for example if the political situation is volatile the economy and potential growth of the economy will be negatively affected (Pettinger, 2011).
The second aspect of the GEM framework is the Entrepreneurial Framework Conditions (EFCs), are nine EFCs, namely: entrepreneurial finance, government policy, government entrepreneurship programmes, entrepreneurship education, research and development transfer, commercial and legal infrastructure, market openness, physical infrastructure and cultural and social norms (GEM Bulgaria, 2015). With the aim of developing and encouraging a beneficial environment, each of these EFCs ought to work as one and each should be continually improved upon (GEM Bulgaria,

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