University of Minnesota - UMN Executive Leadership Insights
Bridging the Entrepreneurship Gender Gap
Report

Bridging the Entrepreneurship Gender Gap

The Power of Networks

Maria Blomqvist, Emma Chastain, Brenda Thickett, Shalini Unnikrishnan and Wendy Woods
Boston Consulting Group, 2014
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Editorial Rating

8

Qualities

  • Eye Opening
  • Well Structured
  • Engaging

Recommendation

Women are far less likely than men to own businesses, but it doesn’t have to be that way, say analysts at the Boston Consulting Group. In this report, they outline strategies for launching women into entrepreneurship and supporting them once they’ve made the leap. Perhaps the most surprising finding: Support groups that provide social capital yield measurable gains in the growth and survival rates of female-owned businesses. Intriguingly, this concept holds true both in developing and developed nations. getAbstract recommends this engaging report to entrepreneurs and policy makers seeking to close the gender gap in the world economy.

Summary

In terms of entrepreneurship, the gender gap is broad. Worldwide, women run 40% fewer businesses than men. This gulf matters because business ownership is a tried-and-true way for women to support themselves when they can’t get traditional jobs. Closing the gender gap could create an economic boom: If the number of female entrepreneurs grew to match the male rate of business ownership, the global economy could grow by 2%, or $1.5 trillion, estimates suggest. Starting a business requires social capital – that is, “access to networks that can support, connect and mentor entrepreneurs...

About the Authors

Maria Blomqvist, Emma Chastain, Brenda Thickett, Shalini Unnikrishnan and Wendy Woods work for the Boston Consulting Group.

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