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Factors Contributing to the Success of Women Entrepreneurs in Sri Lanka

Author:

Seuwandhi B Ranasinghe

Department of Management & Organizational Studies, University of Colombo, Colombo,, LK
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Abstract

Although women constitute to more than half of the population in Sri Lanka, their active participation in the economy is relatively low. Encouraging them for entrepreneurship would not only lead to economic prosperity but would also improve their standard of living. With the growing importance of women entrepreneurs, there is practical value in being able to identify factors contributing to their success. However, most of the available studies on entrepreneurs in Sri Lanka are on males with limited coverage on females. Therefore this paper aims to identify factors contributing to women’s entrepreneurial success. Findings are drawn from interviews of six successful women entrepreneurs from six different businesses. The findings are captured through qualitative research method according to the conceptual framework developed. The key findings support the factors identified in the framework: early childhood experiences, psychological characteristics, entrepreneurial competencies, formal and informal learning and external support; and an additional factor identified termed as culture, to contribute to women’s entrepreneurial success.

Sri Lanka Journal of Advanced Social Studies Vol. 1 - No. 2 - Page 85-110

DOI: http://dx.doi.org/10.4038/sljass.v1i2.4858

DOI: http://doi.org/10.4038/sljass.v1i2.4858
How to Cite: Ranasinghe, S.B., (2012). Factors Contributing to the Success of Women Entrepreneurs in Sri Lanka. Sri Lanka Journal of Advanced Social Studies. 1(2), pp.85–110. DOI: http://doi.org/10.4038/sljass.v1i2.4858
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Published on 29 Oct 2012.
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