Harnessing woman power in enterprise

Harnessing woman power in enterprise

by UA&P News Desk on July 4, 2011 - 4:10 pm

from the Manila Bulletin

“Business and Society” column of Dr. Bernardo Villegas

I have given countless economic briefings to business people around the Philippines and around the world. Last April 12 at the Tent in Rockwell, the briefing I gave to some 87 women entrepreneurs gave me a special satisfaction that was quite unique.

Those who were in the audience were graduates of the Goldman Sachs 10,000 Women Business Training Program in the Philippines, in collaboration with the University of Asia and the Pacific and the IESE Business School in Barcelona, Spain. Similar training programs have been held in China and other emerging markets in Africa and Latin America. All these entrepreneurs had a previous track record for starting and operating a stable and profitable business before they joined the program. What they needed was a formal management training that would help them bring their respective businesses to the next level of long-term sustainable growth and expansion. They do not belong to the micro-enterprise sector. They are among the small and medium-scale businesses that in any country make the greatest contribution to employment generation.

The decision to focus on women entrepreneurs was especially appropriate in the Philippines where entrepreneurship has been traditionally more developed in the female population.

For anthropological, cultural and professional reasons, it is usually the woman in the household who starts a business that can grow to a profitable SME.

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