The Gender-Global Entrepreneurship and Development Index Ruta Aidis, PhD VP Research, GEDI Senior Fellow, GMU Sponsored by The Dell Women’s Entrepreneur Network Gender-GEDI Vital Voices Seminar - R. Aidis (1-24-14)
Nov 07, 2014
Vital Voices Seminar - R. Aidis (1-24-14)
The Gender-Global Entrepreneurship
and Development Index
Ruta Aidis, PhDVP Research, GEDI
Senior Fellow, GMU
Sponsored by The Dell Women’s Entrepreneur
Network
Gender-GEDI
Vital Voices Seminar - R. Aidis (1-24-14)
Agenda
• Theoretical foundations for the GEDI approach• The GEDI Index• Gender-GEDI 2013– Framework and structure– Overall Results
• Gender-GEDI 2014– Additions and improvements
• Concluding Remarks
Vital Voices Seminar - R. Aidis (1-24-14)
• Entrepreneurial performance is driven by a complex dynamic between Attitudes, Aspirations and Activities;
• Activity is embedded in a country’s institutional context, which regulates individual-level actions and outcomes;
• System performance may be held back by ’bottleneck’ factors.Source: Acs, Autio & Szerb (2013)
Attitudes
Aspirations Activities
ProductiveResource Allocation
through Entrepreneurship
National Systems of Entrepreneurship
Vital Voices Seminar - R. Aidis (1-24-14)
The Global Entrepreneurship and Development Index (GEDI)
Individuals + Institutions
Vital Voices Seminar - R. Aidis (1-24-14)
But what about
Characteristics
Gendered Access
Gendered Institutions
Attitudes
Social Norms
“Our culture needs to find a robust image of female success that is first, not male, and second, not a white woman on the phone, holding a crying baby,” ― Sheryl Sandberg, Lean In: Women, Work, and the Will to Lead
Vital Voices Seminar - R. Aidis (1-24-14)
The Gender-GEDI modelInstitutional Foundations
Gendered Institutions
Gendered Access to Resources
Entrepreneurship Culture
High PotentialFemale
EntrepreneurshipCharacteristics
Vital Voices Seminar - R. Aidis (1-24-14)
New research perspective: Female entrepreneurship occurs on a continuum
Gender-GEDI focus
Non-entrepreneurs & Not entrepreneurs
Potential & Promisingentrepreneurs
Die-hard entrepreneurs
Vital Voices Seminar - R. Aidis (1-24-14)
Gender-GEDI structure3 sub-indices/ 15 pillars/ 30 variables
P15: External Financing• Female Business Investors• Financial Access
P14: Internationalization• Exporting Focus• Globalization
P13: High Growth• Business Gazelles• Female Leadership
P12: Process Innovation• New Technology• R&D Expenditure
Pillar 11: Product Innovation• New Product• Technology Transfer
Sub-index 2:Entrepreneurial Eco-system
Sub-index 1:Entrepreneurial Environment
Sub-index 3:Entrepreneurial Aspirations
Pillar 1: Opportunity Perception• Opportunity Perception• Equal Legal Rights
P2: Start up Skills• Perception of Start up Skills• Higher Education
P9: Competition• Innovativeness• Market Monopolization
P7: Technology Sector• Technology Sector Business• Female Science Graduates
Pillar 6: Opportunity Start up• Opportunity Business• Bus Freedom & Movement
P5: Cultural Support• Entrepreneur Perception• Access to Childcare
P4: Networking• Know an Entrepreneur• Female Internet Users
P3: Willingness and Risk• Willingness to start • Business Risk
P10: Voice & Agency• Entrepreneurship Ratio• Labor Force Ratio
P8: Quality of Human Resources• Highly Educated Owners• SME Support and Training
Vital Voices Seminar - R. Aidis (1-24-14)
Gender-GEDI 2013
Measuring High Potential Female Entrepreneurs…
1. Innovative
2. Export oriented
3. Market expanding
…in 17 countries
Vital Voices Seminar - R. Aidis (1-24-14)
Results: 17 country pilot study
Vital Voices Seminar - R. Aidis (1-24-14)
GDP and Gender-GEDI scores compared
0 10000 20000 30000 40000 50000 60000 700000
10
20
30
40
50
60
70
80
f(x) = 1.07611E-14 x³ − 0.00000000601097 x² + 0.000913663 x + 32.9834339R² = 0.559735477924836
Per capita GDP in international $
Gen
der G
EDI s
core
Vital Voices Seminar - R. Aidis (1-24-14)
Gender-GEDI and GEDI Rankings compared
1 United St
ates
3 German
y
5 Mex
ico
7 South Afri
ca
9 Mala
ysia
11 Turke
y
13 Moro
cco
15 Egyp
t
17 Uganda
0
2
4
6
8
10
12
14
16
18
GEDI rank
Gender GEDI rank
Vital Voices Seminar - R. Aidis (1-24-14)
Focus: Latin AmericaBrazil and Mexico
1)Opportunity Perception2)Startup Skills
3)Willingness and Risk
4)Networking
5)Cultural Support
6)Opportunity Startup
7)Technology Sector
8) Quality of Human Resources9) Competition
10) Voice and Agency
11) product Innovation
12) Process innovation
13) High Grwoth
14) Internationalization
15) External financing
0
0.5
1
MexicoBrazilUSA
Vital Voices Seminar - R. Aidis (1-24-14)
Focus: MENA Egypt, Morocco, Turkey
1)Opportunity Perception2)Startup Skills
3)Willingness and Risk
4)Networking
5)Cultural Support
6)Opportunity Startup
7)Technology Sector
8) Quality of Human Resources9) Competition
10) Voice and Agency
11) Product Innovation
12) Process innovation
13) High Grwoth
14) Internationalization
15) External financing
0
0.5
1
TurkeyMoroccoEgypt
Vital Voices Seminar - R. Aidis (1-24-14)
Overall Results
• No silver bullet but multiple strategies; • Female startup education gap should be a
priority for many countries;• Business formalization necessary for
successful scalable enterprises is lacking; • Social norms are a frequently-hidden barrier• Better data is needed.
Vital Voices Seminar - R. Aidis (1-24-14)
Percentage of women with formal bank accounts
United States
Australia
Germany
France
Mexico
United Kingdom
South Africa
China
MalaysiaRussi
a
TurkeyJapan
Morocco Brazil
EgyptIndia
Uganda0
20
40
60
80
100
120
84
99 99 97
22
98
5160 63
48
33
97
27
51
7
26
15
Source: World Bank Findex Survey
Vital Voices Seminar - R. Aidis (1-24-14)
Disagree with statement: Men make better business executives…
United States
Australia
Germany
France
Mexico
United Kingdom
South Africa
China
Malaysia
Russian Federa...
TurkeyJapan
Morocco Brazil
Egypt, Arab Rep.
India
Uganda0%
10%20%30%40%50%60%70%80%90%
100%
Percent that disagree with the statement "Men make better business executives than women"
Women Men
Source: World Values Survey (various years)
Vital Voices Seminar - R. Aidis (1-24-14)
Access to Capital may be hampered by…
United States
Germany France United Kingdom
China Japan India0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
81.778.7
74.9
83.986.8
97.990.9
Percentage of Men among Top Managers of VC Investment Firms
Source: Gaule & Piacentini (2012)
Gender-GEDI Resources
Resources• www.dell.com/dwen• www.thegedi.org• Linked in group: Gender-GEDI• Twitter: @gendergedi• Blog: http://gendergedi.wordpress.com/Vital Voices Seminar - R. Aidis (1-24-14)
Vital Voices Seminar - R. Aidis (1-24-14)
2014
The tide has shifted
…2014 will be a break out year for women entrepreneurs (Forbes 1/8/14)
Vital Voices Seminar - R. Aidis (1-24-14)
Gender GEDI 2014
• Increase coverage to 30 countries;• Refine indicators to increase index relevancy;• Articulate new research perspective;• Utilize estimation techniques for missing values;• Case Study e-book highlighting Gender-GEDI
findings;• 2014 Launch: June 2-4, DWEN, Austin Texas.
Vital Voices Seminar - R. Aidis (1-24-14)
Gender-GEDI 2014: 30 countries1. Australia2. Bangladesh3. Brazil4. Chile5. China6. Egypt7. France8. Ghana9. Germany10. India11. Jamaica
12. Japan13. Korea, rep.14. Malaysia15. Mexico16. Morocco17. Nigeria18. Pakistan19. Panama20. Peru21. Poland22. Russia
23. South Africa24. Spain25. Sweden26. Thailand27. Turkey28. Uganda29. United Kingdom30. United States
Vital Voices Seminar - R. Aidis (1-24-14)
Regional Coverage• Africa (4): Ghana, Nigeria, South Africa, Uganda• East Asia/Pacific (6): Australia, China, Japan, Korea, Rep.,
Malaysia, Thailand• EU Europe (6): France, Germany, Poland, Spain, Sweden,
United Kingdom• Eurasia (1): Russia• Latin America & Caribbean (6): Brazil, Chile, Jamaica, Mexico,
Panama, Peru• MENA (3): Egypt, Morocco, Turkey• N. America (1): United States• South Asia(3): Bangladesh, India, Pakistan
Vital Voices Seminar - R. Aidis (1-24-14)
New focus areas
• Restrictions to access– Networks– Sectors– Education– Financial – Ownership
• Main income, women-owned businesses• Women leaders and decision-makers• Financing (1st tier and 2nd tier)
Vital Voices Seminar - R. Aidis (1-24-14)
Concluding remarksThe Gender-GEDI provides:
• Data as a neutral basis for discussion;• Rankings & scores as an invitation for further in
depth analysis;• Benchmarking for monitoring change;• A compelling case for filling critical data gaps on
female entrepreneurship worldwide;• A catalyst for improving conditions for and
changing mindsets towards high potential female entrepreneurs.
Vital Voices Seminar - R. Aidis (1-24-14)
The Gender-Global Entrepreneurship
and Development Index
Email your questions, feedback and suggestions to Ruta Aidis, PhD :
Sponsored by The Dell Women’s Entrepreneur
Network
Gender-GEDI