Female entrepreneurs need more support to develop their businesses worldwide according to a just released study by Dell. The study on female entrepreneurs is called Dell2014 Gender-GEDI Research.
· The United States, Australia and newcomer Sweden named best places for female entrepreneurs
· Policymakers need to do more; more than 75 percent of countries surveyed are not meeting the most fundamental conditions required for female entrepreneurs to prosper
· Gender-GEDI is the world’s only diagnostic tool to comprehensively measure high-potential female entrepreneurship
· 2014 research expands index from 17 countries to 30 and adds new indicators
Dell announced the results of the second annual Gender-Global Entrepreneurship and Development Index (GEDI), revealing that more than 75 percent of countries surveyed are not meeting the most fundamental conditions required for female entrepreneurs to prosper.
Commissioned by Dell, the Gender-GEDI is the world’s only diagnostic tool that comprehensively measures high potential female entrepreneurs by analyzing entrepreneurial ecosystems, business environments and individual aspirations across 30 developed and developing economies spanning multiple regions, providing a systematic approach that allows cross-country comparison, benchmarking, and identifies data gaps. The goal of the research is not to provide a headcount of female entrepreneurs worldwide, rather it is future-oriented and designed to be a tool to guide leaders, policymakers and law-makers in identifying country-wide strengths and weaknesses and developing strategies to create more favorable conditions in their countries to enable businesses founded by women to thrive.
“At Dell, we are committed to empowering people everywhere with technology solutions to fulfill their ambitions and reach their full potential,” said Karen Quintos, senior vice president and chief marketing officer, Dell. “The Gender-GEDI Index provides key insights designed to help countries advance female entrepreneurship and ultimately bolster the global economy. We believe awareness of the current landscape for women entrepreneurship is the first step toward change.”
To inform and refine the research parameters of the Gender-GEDI, an expert panel was convened, comprised of leading change agents from the U.S. Department of State and global organizations such as the International Finance Corporation (IFC), World Bank, Development Alternatives Incorporated (DAI), Vital Voices, and WEConnect International, many of whom have already began using the research as a tool to inform policy and institute reform (examples available).
2014 Gender-GEDI Results
Among the 17 countries included in both the 2013 and 2014 Gender-GEDI reports on female entrepreneurs, four increased their rankings (Japan, Brazil, India, and United Kingdom), four showed a decline (Malaysia, Egypt, Mexico and Morocco), and the others ranked comparatively both years.
The highest performing countries in the 2014 Gender-GEDI rankings are all OECD member countries with highly developed economies, and for the second year in a row, the U.S. (83) and Australia (80) came out on top, followed by Sweden (73), France and Germany (tied at 67), Chile (55), the United Kingdom (54) and Poland (51). The remaining 23 of the 30 countries studied received an overall index score of less than 50 out of 100, indicating that many of the fundamental conditions for high potential female entrepreneurs development are generally lacking in the majority of countries.
“To harness the full potential of the low performing countries, the Gender-GEDI results demonstrate that basic improvements are required in terms of access to equal legal rights and education as well as acceptance of women’s social and economic empowerment,” said Ruta Aidis, project director for the Gender-GEDI. “For countries with moderate scores, to improve their rankings, they should focus both on current women’s enterprise development interventions and support as well as basic improvements in the business-enabling environment.”
The 2014 Gender-GEDI demonstrates that top-performing countries are not necessarily the ones with the highest GDP levels; rather they are those who have committed to improving the conditions for female entrepreneurship on several fronts simultaneously, and even those with the highest scores still have room for improvement. While these countries tend to have good business-enabling environments overall, they could benefit from supporting programs designed to activate and accelerate the growth of high-potential female entrepreneurs.
To provide tangible examples on how female entrepreneurs can overcome challenges and maximize the opportunities flagged in the study, Dell commissioned an e-book, Forget the Glass Ceiling: Build Your Business Without One, featuring case studies of 10 women entrepreneurs, which is available for download starting today on Dell.com/women.