1. Maria Teresa Lepeley President, CEO GIQE December 3, 2015
IAoM 2015 Conference Santiago, Chile Universidad del Desarrollo PDW: Women in Entrepreneurship: Need for Participation and Innovation to foster Business Sustainability in the Global Economy
Maria Teresa Lepeley
President, CEO
GIQE
December 3, 2015

2. Joseph Schumpeter, Austrian American economist pioneered study of entrepreneurship “The Creative Response in Economic History” (1947): entrepreneurs will change the world with innovations and technology Bill Gates, Steve Jobs, Mark Zuckerberg a few examples…

3. Women in entrepreneurship
List of famous entrepreneurs is long, but few women are included.
Historic trend shows:
persistent inequality in workforce
unsolved problems women confront to start a business or entrepreneurial activity

4. Women participation in the Global Economy
Women are 52% of world population
Problem:
Limited participation in leadership, paid economic & business activity worldwide
Solutions:
Market economies create unprecedented opportunities for women
Economic growth and development: increasingly related to women’s participation in entrepreneurial activity in developing and developed nations

5. Women Participation in Entrepreneurial Activity
Women-owned businesses: 25% of total in stable market economies
Participation of women in entrepreneurial activity varies significantly but it is steadily increasing worldwide

6. Women in Entrepreneurship: Inducing Factors
Necessity Entrepreneurship:
Based on basic needs for survival income
Most common in less developed countries
Opportunity Entrepreneurship
Based on business opportunity to increased income and economic benefit
Most common in developed countries and stable market economies

7. Women in Entrepreneurship: Empowering Factors
Stable market economies
Women in leadership positions
Equal access to education and training at all levels (particularly in management & STEM)
Effective government policies promoting entrepreneurial activity for women
Legal systems protecting gender parity

8. Women in Entrepreneurship: Regional and Global Challenges
Obstacles to get credit & financing
Lack of leadership skills
Lack of management skills
Lack of negotiation skills
Lack of legal protection
Lack of national policies that promote women entrepreneurship
Lack of skills and resources to deal with bureaucracies
Global
Obsolete female stereotypes
Need to balance family & business
Lack business education, technical skills, and negotiation skills
Lack of role models in high tech fields

9. “Latin American Entrepreneurs: Many Firms but Little Innovation”
World Bank Report (2013): Latin American dichotomy: high level of firm creation with low impact on economic growth

10. Chile Global Competitiveness
13th place 1995
33rd place 2013
Source: World Economic Forum

11. The Global Knowledge Society: Evolution of talentism
Most critical obstacles to advance entrepreneurial creation and business growth: lack of understanding of impact of change and technology in production processes and labor markets.
Productivity and competitive advantages: increasingly driven by innovation and continuous improvement as economies worldwide are transitioning from capitalism to “talentism”.
National programs to address talentism challenges in developing countries are rare.
Today human talent has surpassed physical capital as most important factor of production.
Gender parity is critical because women are over ½ of the global talent pool.
Efficient use of women’s talent is essential to foster national competitiveness and economic growth.

12. McKinsey Global Institute MGI
The Power of Parity Report (September 2015)
Advancing women’s equality can add $US 12 trillions to global growth

13. Lepeley’s proposal to increase global women parity
Increase women in leadership: role models incentive women’s participation
Intensive development of women leadership training and skills
Deployment of Human Centered Management model developed by Lepeley (follow up in her website):
Human Centered Management is the missing link to attain sustainable quality in education and form graduates with talent to nurture social responsible organizations necessary to build robust markets, sustainable economies, and a global and inclusive Knowledge Society
Increase women participation in entrepreneurship emphasizing sustainable quality management & high technology (Kuschel & Lepeley studies)

14. Maria-Teresa Lepeley President & CEO Winter Park, Florida. USA www
Maria-Teresa Lepeley President & CEO Winter Park, Florida. USA