Abstract

http://ssrn.com/abstract=1934906
 


 



Overcoming the Gender Gap: Women Entrepreneurs as Economic Drivers


Lesa Mitchell


Ewing Marion Kauffman Foundation

September 1, 2011


Abstract:     
This paper explores the intersection of two issues that often are thought of separately: the need for sustained economic recovery in the United States, and the status of women’s entrepreneurship. Despite recent gains, women still lag behind men on key measures of startup activity, and their firms tend not to grow or prosper nearly as much. Typically, this is seen as a - women’s issue. It is framed as a problem to be dealt with for the benefit of women, in the interest of gender equality. In fact, it is an economic issue that affects everyone.

Research has shown that startups, especially high-growth startups, are the keys to job creation and leadership in new industries. With nearly half of the workforce and more than half of our college students now being women, their lag in building high-growth firms has become a major economic deficit. The nation has fewer jobs - and less strength in emerging industries - than it could if women’s entrepreneurship were on par with men’s. Women capable of starting growth companies may well be our greatest under-utilized economic resource.

And what would it take to develop the resource more fully? We at the Kauffman Foundation hope this paper will help to stimulate new thinking on the subject. The following themes run throughout: While every entrepreneur, big or small, helps the economy, the emphasis here is on those who start high-growth companies, which help the most. More women’s startups need to be aimed at growth targets far above the oft-cited benchmark of $1 million in revenues. There is a particular need for innovative, transformative new firms that can grow to serve global markets. Many (though not all) high-growth firms are built around new science and technology. With more women than ever entering these fields, the upside potential for women’s tech startups is huge. What it takes to succeed in business is not necessarily the same as what it takes to succeed in starting a business. While women have made great strides in breaking through the proverbial - glass ceiling - to advance to high rank within corporations, few have made similar strides in breaking out laterally - through what might be called the - glass walls - to start their own high-growth firms. What it will take‖ to have more high-impact women entrepreneurs includes all of the following: what women themselves might need to do, what men might do, and what might be done collectively in the way of public policies or private initiatives. Finally, to reiterate the main point: It is essential to see women’s entrepreneurship as an economic issue, not a gender-equity issue. When new companies and industries flourish, everyone benefits. And the returns will increase when more women contribute to the process by bringing their ideas to market and building high-growth firms around them.

Number of Pages in PDF File: 15

Keywords: women, entrepreneurship, Driver, growth, Economic, entrepreneur, female, glass ceiling

working papers series


Download This Paper

Date posted: September 28, 2011 ; Last revised: February 20, 2014

Suggested Citation

Mitchell, Lesa, Overcoming the Gender Gap: Women Entrepreneurs as Economic Drivers (September 1, 2011). Available at SSRN: http://ssrn.com/abstract=1934906 or http://dx.doi.org/10.2139/ssrn.1934906

Contact Information

Lesa Mitchell (Contact Author)
Ewing Marion Kauffman Foundation ( email )
4801 Rockhill Road
Kansas City, MO 64110-2046
United States
8169321109 (Phone)
8169321430 (Fax)
HOME PAGE: http://www.kauffman.org
Feedback to SSRN


Paper statistics
Abstract Views: 866
Downloads: 209
Download Rank: 84,393
Paper comments
No comments have been made on this paper

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo7 in 0.375 seconds