Female Entrepreneurs in the Last Decade and Management Styles Adopted - Case Study Example

This study aims to bring out the fact that an escalating number of women entrepreneurs are coming in the picture of successful entrepreneurs across the world, while also making an effort to find out the management styles adopted by them which take them high on the ladder of success. The paper has clearly brought out the fact that the managerial qualities of women are entirely different from male entrepreneurs and it rests a great deal on the circumstances that motivate her to establish her own business set-up, apart from her own characteristics and qualities that she has imbibed.

The management techniques adopted by them and their impact on the organizational performance are brought to fore by interviewing few female entrepreneurs in the UK by providing them with a questionnaire. The result showed that though charismatic and transformational leadership are made use of by the women entrepreneurs, the driving force that makes them into a success story is the relational approach practiced by them, which includes open communication, sharing of information, empathizing and nurturing of the employees.

The management techniques adopted by women have shown the number of employees in female-owned enterprises than others. Consequently, the number of female entrepreneur billionaires has been increasing at a fast pace and we hope to have double the number of women entrepreneurs in the next five years. The importance of women entrepreneurs has been greatly felt across the globe in the last decade. Interestingly, in developed countries, women own 25% of total businesses and are starting up new ones at a faster rate than men (Woldie and Adersua, 2004).

In fact, besides making a contribution to the economy, women through their different management styles have been adding innovation, diversity, and choices to the business organizations they own. While studies done in the past have improved the understanding about female entrepreneurs, the issues which have not been addressed in-depth are – What are the management styles adopted by women and how do they affect or have an impact on various aspects of organizational performance.