Entrepreneurial Competencies and Women’s Business Performance in Malaysia

Abstract

According to empirical studies on women entrepreneurs, women have made significant contributions to the area of entrepreneurship. According to relevant research, entrepreneurial skills have an effect on a firm’s performance. Despite the growing popularity of female entrepreneurs, there are currently few studies examining the relationship between entrepreneurial skills and female entrepreneurs’ performance. A questionnaire-based study of female entrepreneurs was undertaken under the aegis of Amanah Ikhtiar Malaysia. As a result, this research examined the four aspects of entrepreneurial skills-opportunity, organization and leadership, commitment, and personal competencies related to company success. The scales used to assess the above-mentioned variables were adapted from those found in the literature. Although 230 questions had been received by mail, only 184 surveys qualified for analysis. The results indicate that three entrepreneurial skill categories, namely commitment, organization, and leadership, as well as personal, are significantly associated with women entrepreneurs’ company success. According to this research, women entrepreneurs and relevant skills are critical components of women’s business performance. As a result, the purpose of this research is to complement the prevailing body of knowledge about women entrepreneurs and the relationship between their skills and company success. The results are applicable to financial institutions, academics, and women’s micro-enterprises in terms of entrepreneurial financial management, entrepreneurial management, and entrepreneurs’ personality. Apart from that, this research demonstrated the need to further explore the concept of entrepreneurial talents within the context of women entrepreneurs in many ways.