June 30, 2015
Dell today announced the findings of the Global Women Entrepreneur Leaders Scorecard at its sixth-annual Dell Women’s Entrepreneur Network (#DWEN) Summit, revealing gender-based differences stifle the growth of women-owned businesses across all 31 countries measured.
The Dell-sponsored Scorecard is the first worldwide analysis focused on the challenges and opportunities for women business-owners to launch, scale, create jobs and disrupt industries. The goal of the Scorecard is to provide a diagnostic tool that will advise leaders, policy-makers and law-makers on how to improve conditions in their countries and enable businesses founded by women to thrive.
According to Dell, the 2015 results offer a comprehensive view on the conditions for women entrepreneurs around the world, highlight best practices, identify data gaps and provide actions countries can take to improve.
“To address the specific challenges for high-impact women entrepreneurs in different countries and regions, it takes a holistic approach,” says Dr. Ruta Aidis, Project Director of the Global Women Entrepreneur Leaders Scorecard. “That’s why research like the Scorecard is critical to understanding what actions are needed to drive change.”
Building on the research Dell commissioned in 2013 and 2014, the 2015 Scorecard evaluates 31 countries across five key categories: relative business environments, access to resources, leadership and rights, pipeline for female entrepreneurship and potential for high-growth women-owned businesses. The new Scorecard also looks at key factors proven to unleash high-impact female entrepreneurship and estimates the number of jobs created by women-owned businesses if they reached their growth potential.
“The success of entrepreneurs and small businesses is critical for a thriving global economy, and at Dell we believe women entrepreneurs must play a much more prominent role in business and leadership in the future,” said Karen Quintos, senior vice president and chief marketing officer for Dell. “Our Dell Women’s Entrepreneur Network aims to ensure women entrepreneurs have access to technology, capital and networks to grow their businesses. The Scorecard provides the data-driven insights we need to move the broader conversation from awareness to action and allow female entrepreneurs around the world to reach their full potential.”
More than 70% of the 31 countries in the study score below 50% demonstrating a significant growth gap between female and male-owned businesses worldwide (76% of global GDP is covered by the study).
“Because of its family-friendly policies and a favourable political environment for startups and investment in women, Canada is an emerging hot spot for female entrepreneurs,” says Aidis “Generally, women in Canada are educated, with more females earning college degrees than men, and they’re well-connected to others in the business world. On the downside, women still have challenges accessing capital and there remains a skills confidence gap for women contemplating business startups.”