Definition of success according to women entrepreneur in Malang, Indonesia

Prajawati, Maretha Ika, Wahjoedi, Wahjoedi, wahyono, Hari and Sunaryanto, Sunaryanto (2020) Definition of success according to women entrepreneur in Malang, Indonesia. The Journal of Asian Finance, Economics and Business, 7 (9). pp. 747-753. ISSN 2288-4645

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Abstract

This study aims to interpret the meaning of a successful entrepreneur from the perspective of women entrepreneurs in Malang, Indonesia. This research offers a phenomenological approach using purposive sampling. Data was collected by in-depth interviews using structured questionnaire with registered women entrepreneurs in Malang obtained from MSMEs (micro small and medium-sized enterprises) entrepreneurs. The ‘continually developing’ is one of the meanings of a successful entrepreneur. This study also found that success is when what women do can be useful to others. Besides, the meaning of success has two criteria, i.e., when they can meet their needs (individual satisfaction) and social performance as a goal to be achieved by entrepreneurs. The motivation of women entrepreneurs to establish their venture was not only financial returns, but also personal satisfaction, which was also the indicator of entrepreneurial success for women. This study has several limitations. First, our sample size is too small and consists of entrepreneurs that have an average age above 40 years. Hopefully, further research will be able to generalize our findings to a broader sample in various industries outside the city of Malang. As our research shows, the criteria and meaning of success may be different for a larger sample of entrepreneurs.

Item Type:	Journal Article
Keywords:	woman entrepreneur; motivation; financial economic; business sustainability; entrepreneurial satisfaction
Subjects:	14 ECONOMICS > 1402 Applied Economics > 140204 Economics of Education
Divisions:	Faculty of Economics > Department of Management
Depositing User:	Maretha Ika Prajawati
Date Deposited:	26 Nov 2020 15:37

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