CULTURE OF RISK AND ENTREPRENEURSHIP

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• CULTURE OF RISK AND ENTREPRENEURSHIP

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INTRODUCTION

• Entrepreneurship is assuming the risks to
  transform ideas into sustainable entreprises that
  create value
• Approach adopted by the Kauffman Foundation
• Women and Men can contribute as entrepreneurs
  in the economy if they assume the risks inherent
  to their business

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PROBLEMATIC

• What does it take for a Woman to become an
  Entrepreneur?
• How can women become risk tolerant?
• How can we raise the Entrepreneurial
  Spirit/Culture among Women?
• Are classes too focused on preparing students to
  be employees as their only career option?

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CAWTAR VISION

• Tap on Arab Women as a nascent critical social
  capital for economic growth in the region
• Developing Female Entrepreneurs considered as a
  solution to cope with under development of the
  Arab World, and enables fighting unemployment
• Promoting and enhancing women leadership and
  decision Making abilities as key to guarantee
  their
• effective participation in this sphere

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CAWTAR VISION

• Produce knowledge on W. Entrepreneurship
  research and gender disaggregated data
• Extract needs through recommendations formulated
  by target groups of the studies and advocate for
  changes
• Reply to their needs with solid programs to
  reinforce their capacities

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ESTABLISHED ENTREPRENEURS

• Outcomes of the study on established women
  entrepreneurs across 5 MENA countries (CAWTAR
  IFC)
• Different needs with different priorities to
  minimize the risks of their activity related to
  their activity, and sustain their businesses
• Access to Training and Acquiring Leadership
  skills
• Access to ICT
• Access to Markets
• Access to Finance
• Access to Networks

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ESTABLISHED ENTREPRENEURS

• Established women entrepreneurs (other research
  evidence)
• Are established women entrepreneurs more risk
  takers than new entrepreneurs? are they more
  confident in taking financial risks, seeking
  capital and expanding their businesses? Worth
  the Risk Women Business Owners and Growth
  Captial, published by the Center for Womens
  Business Research
• Survey evidence demonstrated that women
  expanders see in previous successful decisions
  a way of becoming more risk tolerant and/or
  changing their perspective on what they consider
  to be risky (survey covered a sample of 368 WBO
  in the US in nov 2003).

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NEW ENTRANTS

• What are the potential target groups among the
  female population?
• Women employed in companies
• Women unemployed
• New graduates from universities, no matter the
  background
• Why have not these women decided to set up their
  business? is it risk related? Opportunity
  related? Lack of leadership? Is it related to
  their work/life balance challenge?
• Further analysis on the issue is required,
  given the few evidence to base conclusions on

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NEW ENTRANTS

• Developing Entrepreneurs requires a series of
  approaches
• Characteristics of an Entrepreneur(Entrepreneurs
  hip Development Program methodology, partnership
  with UNIDO)
• INNOVATION
• RISK TAKING
• AUTONOMY AND INDEPENDANCE
• NEED FOR ACHIEVEMENT
• DETERMINATION
• Enabling Environment and Business Climate
• LEGAL AND SOCIO CULTURAL ENVIRONMENT
• SUPPORTIVE MEASURES TOWARDS ENTREPRENEURSHIP
  DEVELOPMENT (GOVERNMENT)
• INFRASTRUCTURES

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OUTCOME TRAINING WITH WFEO

• Women need role models Identification of
  success stories to enable mentoring, and advocate
  on success of these women who did it to follow
  their dreams and concretize ideas
• Has been proved that business schools are far
  from being the only ones graduating entrepreneurs
  
• The notion of risk is critical and at the core
  of the entrepreneurial spirit, but is not
  sufficient several characteristics of
  entrepreneurs to take into consideration

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CAWTAR ROLE

• Can entrepreneurship be tought?
• Research and advocacy
• Conducting research in a needs assessment
  perspective
• research on the characteristics of potential
  entrants/potential contributions/ IFC project
  targeting established women entrepeneurs
• Need to nurish more
• Training and capacity building
• Through in depth programs of business management
  and entreprise creation (EDP program)
• By identifying potential mentors for future Women
  Business Owners (success stories, testimonies,
  counseling by other women entrepreneurs)
• By training the media on the critical issue of
  women entrepreneurial activities

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• THANK YOU
• For further information on CAWTAR please visit
  our website www.cawtar.org