Women in business“Do one thing every day that scares you.”

–Eleanor Roosevelt (First Lady of The US , 1933 – 1945)

Women in corporate leadership

According to the National Association of Corporate Directors, companiesthat have women on their boards generate value to their corporations bybroadening market vision, enhancing board dynamics, inspiring femalestockholders and improving corporate reputation.

According to the 2005 Catalyst Census of Women Board of Directors,14.7% of all board seats in the Fortune 500 list are occupied by women.While the number of women on Fortune 500 corporate boards continuesto rise, the average rate of increase is only one-half of one percent peryear.

One in nine in the Fortune 500 list still doesn't have any women on theirboard. Women oversee 83 percent of direct consumer spending, own halfof all public stock, and make up more than fifty percent of the talent pool.

Given the projected talent deficit that will follow the retirement of millionsof so-called 'Baby Boomer' managers and executives over the next 20years, women leaders may be seen by an increasing number of employersas an untapped source of talent, experience and senior-managementleadership.

Women as entrepreneurs

Female entrepreneurship ranges from just over 1.5 percent to45.4 percent of the adult female population in the 59 economiesincluded in the Global Entrepreneurship Monitor research project.

Although entrepreneurial activity among women is highest inemerging economies (45.5 percent), the proportion of allentrepreneurs who are women varies considerably among theeconomies: from 16 percent in the Republic of Korea to 55percent in Ghana–the only economy with more women than menentrepreneurs.

A multi-year analysis shows that this gender gap has persistedacross most economies for the past nine years (2002-2010). Andin many emerging economies women are now starting business ata faster rate than men, making significant contributions to jobcreation and economy growth.

Women as entrepreneurs Developing Countries A disproportionate share of women-

owned business in developing countries today are micro, smallor medium enterprises. Often they do not mature. This hasnegative for growth and poverty reduction. Understanding thespecific barriers women's businesses face and providing solutionsto address them are necessary for countries to further leveragethe economic power of women for growth and the attainmentof development goals.

Developed Countries The number of women-owned businesses in the UnitedStates is growing at twice the rate of all firms. Currently around 30% of USfirms are majority-owned by women. Affirmative action has been credited with"bringing a generation of women into business ownership" in the United States,following the 1988 Women's Business Ownership Act and subsequent measures.Progress has been much slower in most other developed countries. In the UK, forexample, it is estimated that just 15% of firms are majority-owned by women.

WHY WOMEM get into business?PULL FACTORS

• An urge to do something new

• Liking for business

• Need and perception of Women’s Liberation, Equity, etc.

• To gain recognition, importance and social status.

• To get economic independence

• To build confidence

• To developing risk-taking ability

• To gain greater freedom and mobility

• Death of bread winner

• Sudden fall in family income

• Permanent inadequacy in income of the family

• The category of push factors forms a negligible percentage of women entrepreneurs.

PUSH FACTORS

CHARACTERISTICS OF Business Women

Imaginative

Attribute to

work hard

Persistence

Ability and

desire to

take risk

Profit

earning

capacity

THE NEW THRUST

Harvard Experts feel that the basic quality of efficientmanagement is futuristic and outlook and a capacity tonurture and plan for the future or unknown. This comesnaturally to women.

But this inherent talent of woman and her entrepreneurialskill go unrecognized and unaccounted.

When women move forward, the family moves, the village moves and the nation moves.....

-Pandit Jawaharlal Nehru

THE INDIAN APPROACH

At present there are 3 Es

Electronics Energy Engineering

Then came 3 Ps

Powder Papad Pickles

Earlier there were 3 Ks

Kitchen Kids Knitting

29%

7%

12%15%

20%

13% 4%General

Electronics

Engineering

Plastics

Chemicals

Textiles

Leather

OVERALL PRODUCT SELECTION BY WOMEN ENTREPRENEURS IN INDIA

BASIC PROBLEMS FACED by Business women

General BARRIERSHer being a womanResponsibility towards family, society and workMale dominated societyTough Competition with large scale unitsLack of business trainingLack of educationLow risk bearing abilityObtaining creditNon-awareness of facilities provided by governmentQuestions by licensing authoritiesMarketing

Psycho-social BARRIERSPoor self-image of womenInadequate motivationDiscriminating treatmentFaulty socializationRole conflictCultural valuesLack of courage and self-confidenceInadequate encouragementLack of social acceptanceUnjust socio-economic and cultural systemLack of freedom of expressionAfraid of failures and criticismSusceptible to negative attitudesNon-persistent attitudeLow dignity of labourLacking in leadership qualities

The Indian women are no longer treated as show pieces to be kept at home.

Dr. Kiran Mazumdar-Shaw, Chairman & Managing Director of Biocon Ltd., who becameIndia’s richest woman in 2004, was educated at the Bishop Cotton Girls School and MountCarmel College in Bangalore. She founded Biocon India with a capital of Rs.10,000 in hergarage in 1978 – the initial operation was to extract an enzyme from papaya. Herapplication for loans were turned down by banks then – on three counts – biotechnologywas then a new word, the company lacked assets, women entrepreneurs were still a rarity.Today, her company is the biggest biopharmaceutical firm in the country.

Ekta Kapoor, creative head of Balaji Telefilms, is the daughter of Jeetendra andsister of Tushar Kapoor. She has been synonymous with the rage of soap operas inIndian TV, after her most famous venture ‘Kyunki Saas Bhi Kabhi Bahu Thi’ whichwas aired in 2000 on Star plus. Ekta dominates Indian Television.At the 6thIndian Telly Awards 2006,she bagged the Hall Of Fame award for hercontributions.

Neelam Dhawan, Managing Director, Microsoft India, leads Microsoft India. She isa graduate from St. Stephens College in 1980,and also passed out from DelhisFaculty Of Management studies in 1982. Then she was keen on joining FMCGmajors like Hindustan Lever and Asian Paints, both companies rejected Dhawan,as they did not wish to appoint women for marketing and sales.

Naina Lal Kidwai, was the first Indian woman to graduate from HarvardBusiness School. Fortune magazine listed Kidwai among the worlds top 50Corporate Women from 2000 to 2003. According to the Economic times, sheis the first woman to head the operations of a foreign bank in India. ( HSBC)

Indu Jain, the multi-faceted lady used to be the Chairman of the Times Group-The mostpowerful and largest Media house India has known. Indu Jain is known by many differentidentities such as that of spiritualist,humanist,entrepreneur,an educationalist but mostprominently she played the role of the Chairman of Times Group. Indu Jain is the perfectpicture of the successful Indian Woman entrepreneur.

The Indian women are no longer treated as show pieces to be kept at home.

Simone Tata, has been instrumental in changing a small subsidary of Tata Oil Mills into thelargest cosmetic brand in India – LAKME, synonymous today with Indian Fashion. She becamea part of Lakme during 1961 and has been responsible for turning the company into one ofthe biggest brands of fashion in India. At present she is the Chairperson of Trent Limited, asubsidary of Tata Group.

Preetha Reddy, ManagingDirector of Apollo Hospitals,Chennai, one of the largesthealthcare conglomerates ofIndia, is one of the pioneerbusinesswoman of India inthe segment of Health CareIndustry.

Indra Nooyi is an Indian-born American business executive. She is thecurrent Chairman and Chief ExecutiveOfficer of PepsiCo, the second largest food &beverage business in the world. Accordingto Forbes, she is consistently rankedamong World's 100 Most Powerful Women.

Chanda Kochhar is currently the Managing Director (MD) of ICICIBank and Chief Executive Officer (CEO). ICICI Bank is India's largestprivate bank and overall second largest bank in the country.

Thank uPresented by Umair