Modelling the critical success factors of women entrepreneurship using fuzzy AHP framework

The contribution of women towards entrepreneurial activities has gained significant attention in recent years due to economic and social concerns, government support and initiatives, and increased education and awareness. Women’s entrepreneurial activity has increased and women owned businesses can today be found in every sector of the economy irrespective of region. In India, government bodies such as Ministry of MSMEs and several other organizations (private and NGOs) have adopted considerable measures to promote women entrepreneurship (WE). To improve WE, the critical factors of WE adoption need to be identified and evaluated. The goal of this research paper is to identify, prioritize and evaluate the critical success factors (CSFs) of WE adoption in Indian micro, small and medium enterprises (MSMEs). Design/methodology/approach his paper proposes a methodology based on Fuzzy AHP to prioritize the critical success factors (CSFs) of WE adoption. A numerical analysis of Indian micro, small and medium enterprises (MSMEs) is presented to demonstrate the use of the proposed method. This proposed method considered fuzzy framework that can handle impreciseness and uncertainty. Sensitivity analysis is also performed to test the robustness of the proposed model. Findings Potential critical success factors are identified from relevant literature and validated by industry experts. This research finalize the critical success factors (CSFs) of women entrepreneurship adoption in Indian micro, small and medium enterprises (MSMEs) under seven dimensions so prioritization of identified critical success factors can be developed and insights relationship of factors would be explored. The results of the study found that individual, management and government dimensions have the paramount importance while women are aiming to become entrepreneurs in Indian MSMEs. Research limitations/implications This study is limited to identify evaluation factors; other factors have not been identified and categorized. Evaluation is done by experts in this area so it is natural, views of decision makers may be subjective and vary with regard to industry type, priorities, resources etc. Practical implications This study will help industry to identify, evaluate and prioritize factors for successful implementation of women entrepreneurship. MSMEs could device these factors by applying the outcome of the study in their decisions with higher priority to implement women entrepreneurship culture. Originality/value Potential factors are identified from relevant literature and validated by industry experts. Indian MSMEs could device these factors by applying the outcome of the study in their decisions with higher priority in order to adopt women entrepreneurship.

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