The Motivating Factors Influencing Women’s Entry Into Entrepreneurship

Marietta C. Israel; Benita A. Meneses; Eliza D. Santos

Marietta C. Israel Far Eastern University
Benita A. Meneses Far Eastern University
Eliza D. Santos Far Eastern University

Keywords: women entrepreneurs, motivating factors, achievement, recognition experience

Abstract

The study aimed to identify the motivating factors that contributed to women’s entry into entrepreneurship and how they defined and measured their entrepreneurial success. This is based on the inspiring fact that women have a crucial role in the advancement of nation-building since 70% of small-medium business startups in the Philippines were started by them (Concepcion, 2013).

The demographic profile and entrepreneurial activities of women respondents were determined with a focus on the type of industry, business activity, number of years in business ownership, number of employees, and capitalization. The statistical treatment of data included computations of weighted mean, analysis of variance, and T-test. One-way analysis of variance (ANOVA) was used to determine the significant differences in the perceptions of the respondents on the motivating factors. Results showed that there were significant differences in the respondents’ perception of achievement (t-statistics=6.9204, p=0.0170) and recognition (t-statistics=4.6377, p=0.0443). However, there was no significant difference in experience (t-statistics=2.2215, p=0.1538).

The study recommends the strengthening of the programs sponsored by the government on training and educating Filipino women, particularly in business operations and micro-financing. Furthermore, it is suggested the women entrepreneurs be given easy access to funds with low-interest rates to fund their businesses.

Author Biographies

Marietta C. Israel, Far Eastern University

Marietta C. Israel is a regular full-time lecturer of the Institute of Accounts, Business, and Finance at the Far Eastern University in Manila Philippines. She is currently the Assistant Program Head of the said institute since 2007. She earned her Bachelor’s degree in Accounting at the University of San Carlos Cebu, her Master of Science in Business Administration at the University of the Visayas Cebu, and her Ph.D. major in Educational Management at Saint Paul University System in Surigao City. Her professional experience in the field of accounting was from 1978 to 1984. As an educator, she teaches management subjects and research. She has taught in several other universities and colleges such as Saint Paul University System and De La Salle University, to name a few.

Benita A. Meneses, Far Eastern University

Benita Meneses is a full-time lecturer of the Far Eastern University. Her core competencies are in SAP, corporate operation, forecasting, cash management, budgeting, cost reductions, accounting system improvement, accounting management, financial analysis, government regulatory compliance, and efficiency improvements. She is extensively experienced in the corporate world and is a goal-oriented managing partner who has a track record of leading the operational function to both selling and analyzing financial reports to summarizing and forecasting a company’s corporate position. She has proven her expertise in driving efficiency and productivity through the evaluation of financial and operational management systems based on corporate goals and performances.

Eliza D. Santos, Far Eastern University

Eliza Olaer Daval Santos is currently working at Doha, Qatar, as Training Lead/Manager, Information, and was a Former Business Administration Faculty at Far Eastern University. She taught Business Research, Business Plan, and Management Subjects.