2013/05/06FEMALE-OWNED COMPANIES

GROWTH POTENTIAL OF COMPANIES MANAGED BY WOMENWHERE DOES GERMANY STAND COMPARED WITH THE REST OF THE EU?

WARSAW, 6 MAY 2013KIRSTI DAUTZENBERG, RAMBØLL MANAGEMENT CONSULTING

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2013/05/06FEMALE-OWNED COMPANIES

OBJECTIVES OF THE ANALYSIS

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COMPARE FEMALE ENTREPRENEURSHIP ACROSS DIFFERENT COUNTRIES (POLAND; FRANCE; AUSTRIA; ITALY; GREAT BRITIAN; SWEDEN)

WELL-FOUNDED OVERVIEW OF THE CURRENT SITUATION OF FEMALE ENTREPRENEURS IN GERMANY

IDENTIFICATION OF KEY GROWTH DRIVERS AND BARRIERS FOR THE DEVELOPMENTAND GROWTH OF FEMALE-OWNED COMPANIES

IDENTIFICATION OF GROWTH POTENTIALSAND BEST PRACTICES GIVING CONSIDERATION TO THE EXISTING FRAMEWORK CONDITIONS

2013/05/06FEMALE-OWNED COMPANIES

METHODICAL APPROACH

COMPREHENSIVE ANALYSIS OF LITERATURE AND SECONDARY DATA

DATA ANALYSIS OF LABOUR FORCE SURVEY, CREDITREFORM AND AMADEUS DATA BASE

18 EXPLORATIVE EXPERT INTERVIEWS (INTEREST GROUPS, RESEARCH SECTOR ANDPUBLIC INSTITUTIONS)

20 CASE-STUDIES ON SUCCESSFULFEMALE ENTREPRENEURS

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2013/05/06FEMALE-OWNED COMPANIES

SOCIO-ECONOMIC SITUATION

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Size GDPPer Capita

Population In Total

Population Female

EmploymentRate

Proportion of self-employed

Women

Legend =10.000km² € = 1.000 Euro = 1 Mio. Persons = 1 Mio. Persons In %With & Without Employees per1.000 female. Inhabitants

France

Germany

Austria

Poland

Sweden

Italy

UK

€ € € € € € € €€ € € € € € € €€ € € € € € € €€ € € € € €

€ € € € € € € €€ € € € € € € €€ € € € € € € €€ €€ € € € € € € €€ € € €€ € € € €€ € € € € € € €€ € € € € € € €

€ € € € € €€ € € € €€ € € € €

€ € € € € € € €€ € € € € € € €€ € € € € € € €€€ € € € € € € €€ € € € € € € €€ € € € € € € €€ € €

€ € € € € € € €€ € € € € € € €€ € € € € € € €€ € € € € € € €

= 71,1

= 81,4

= 64,7

= 73,9

= 69,6

= 80,8

= 57,6

= 72,2

= 77,2

= 82,8,3

= 49,9

= 72,6

= 67,9

= 79,4= 28,7

= 45,5

= 16,9

= 47,8

= 24,9

= 20,8

= 21,535,7

54,7

8,4

31,3

30

45

24,5

30,3

27

32,3

16,3

31,8

25,3

27,4

81,3

64,7

8,4

38,2

9,3

60,3

62,0

41,6

33,7

4,3

19,8

4,7

31,3

31,9

Source: Eurostat 2010 , Illustration: Rambøll Management Consulting.

2013/05/06FEMALE-OWNED COMPANIES

SELF-EMPLOYMENT – EXISTING STATUS QUO

IN 2011, WOMEN ACCOUNTED FOR AROUND 38% OF ALL GERMAN COMPANIES CONSISTING OF ONE INDIVIDUAL.

THIS IS THE SECOND HIGHEST SHARE BEHIND AUSTRIA (42%) AND IN FRONT OF Poland (35%).

IN THE SAME YEAR, AROUND 25% OF GERMAN ENTREPRENEURS WITH EMPLOYEES WERE WOMEN. POLAND HAD THE HIGHEST SHARE AT 30%.

Share of female self-employed in 2011 in %

Self-employed without E. Self-employed with E..

5

2530

3825

3022

3324

42

25

30 23

35 30

Source: Eurostat 2011 , Illustration: Rambøll Management Consulting.

2013/05/06FEMALE-OWNED COMPANIES

SELF-EMPLOYMENT – DEVELOPMENTS OF THE PAST DECADE

SINCE 2002, THE NUMBER OF GERMAN FEMALE ENTREPRENEURS WITH EMPLOYEES HAS GROWN BY 8% AND THE NUMBER OF ONE-WOMAN COMPANIES BY 51%.

AN INCREASE IN THE NUMBER OF ONE-WOMAN COMPANIES WAS OBSERVED IN ALL COUNTRIES IN THE COMPARISON.

THERE WAS A STRONG RISE IN THE NUMBER OF FEMALE ENTREPRENEURS WITH EMPLOYEES IN FRANCE, POLAND AND SWEDEN.

Change of female share of self-employed between 2002 and 2011 in %

Self-Employed without E. Self-employed with E.

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-14

+43

+51+8

+8+32

+40 +34+34 -2

+89

-46

-14

+32

Source: Eurostat 2011 , Illustration: Rambøll Management Consulting.

2013/05/06FEMALE-OWNED COMPANIES

PARTICULARITIES OF FEMALE ENTREPRENEURS AND THEIR COMPANIES

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WOMEN ARE WELL-QUALIFIED• In Germany 30% of women and men hold a university degree.• The ratio of women having a university entrance qualification

was 53% in 2012.

SEGREGATION IN THE AREAS OF STUDY• Above average amount of female students in the areas of social

sciences and the humanities.• Under-representation in the MINT-professions and engineering.

BETTER QUALIFICATION OF SELF-EMPLOYED WOMEN• Female entrepreneurs are generally better qualified than female

employees.

DIFFERENCES BETWEEN FEMALE AND MALE ENTREPRENEURS• Female entrepreneurs pursue different strategies and goals to

their male counterparts and start out with less entrepreneurial experience.

• Female entrepreneurs are more risk-aware.

2013/05/06FEMALE-OWNED COMPANIES

PARTICULARITIES OF FEMALE ENTREPRENEURS AND THEIR COMPANIES

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AS THE SIZE OF COMPANIES INCREASES THE AMOUNT OF ENTERPRISES OWNED BY WOMEN DECREASES. HOWEVER THE PERCENTAGE OF MIXED LEADERSHIP TEAMS INCREASES WITH THE RISING ENTERPRISE SIZE

Source: Creditreform 2012 , Illustration: Rambøll Management Consulting.

2013/05/06FEMALE-OWNED COMPANIES

PARTICULARITIES OF FEMALE ENTREPRENEURS AND THEIR COMPANIES

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80 PERCENT OF THE FEMALE-OWNED COMPANIES ARE DISTRIBUTED AMONG 5 DIFFERENT SECTORS

0%

25%

50%

75%

100%

29%

20%

12%

9%

9% WHOLESALE(PROP. OF WOMEN: 20%)CONSUMER-ORIENTED SER. (PROP. OF WOMEN: 33%)

FINANCIAL SECTOR(PROP. OF WOMEN: 21%)

RETAILING SECTOR(PROP. OF WOMEN: 34%)

BUSINESS SERVICES(PROP. OF WOMEN: 22%)

Other

Source: Creditreform 2012 , Illustration: Rambøll Management Consulting.

2013/05/06FEMALE-OWNED COMPANIES

GENERAL CONDITIONS

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CHILD CARE SERVICES MAKE IT EASIER TO PURSUE A CAREER• Low level of childcare-services for children under the age of three

(28%) and only 12% of them are in full-day-care. • Between three and six years the majority (89 per cent) of the

children are in formal childcare and 40% of them are in full-day-care.

• few all-day-schools and childcare-provision during the afternoon for schoolchildren

THE PREDOMINANT IMAGE OF THE ENTREPRENEUR IS STILL MALE-DOMINATED

ROLE MODELS AND NETWORKS ARE VERY IMPORTANT WHEN CHOOSING A CAREER PATH

2013/05/06FEMALE-OWNED COMPANIES

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IMPLEMENTATION

TRAINING AND FURTHR EDUCATION

FAMILY-POLICY

LABOUR MARKET POLICIES

SOCIETY

CHILDCARE-PROVISION FOR CHILDREN UNDER THE AGE OF 3 AND ABOVE 6 YEARS

EMPLOYMENTCOMPANIES AS INCUBATOR

ROLE MODELSIMAGE OF ENTREPRENEURSSUSTAINABLE GROWTH

STRENGTHENING OF THE MINT-PROFESSION

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THIS STUDY IS AVAILABLE FOR DOWNLOAD ATWWW.BMWI.DE

2013/05/6FEMALE -OWNED COMPANIES

THANK YOU!

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