The Impact of Psychological Factors on Women Entrepreneurial Inclination: Mediating Role of Self-Leadership

Abstract

The worth of women’s entrepreneurship is accepted globally, but there is less focus on it in developing countries, and societal expectations mean women often lack the confidence to start their own business. The core purpose of this research is to investigate the influence of personality traits on women’s inclination toward entrepreneurship. The personality traits are measured through the dimensions of openness, neuroticism, extraversion, conscientiousness, and agreeableness. Further, the study introduced the mediator of self-leadership on personality traits and entrepreneurial intentions of women. The study is quantitative in nature and used a questionnaire survey to collect the data by convenience sampling technique. The data was collected in the context of Pakistan, and Smart PLS was chosen for further analysis. The findings revealed the significance of the relationship between personality traits and entrepreneurial intention. Furthermore, the study also highlighted the significance of self-leadership as a mediator and proposed significant relationships. The study suggested that personality issues should be considered and used from a business perspective, and self-leadership is important for women. The study provides room for policymakers and institutes to inform educational policies to motivate women entrepreneurs for the future.

Impact of Skill Development Program for producing Women Entrepreneurs in Pakistan

“…In Pakistan, one of the concerns currently being addressed is the utilisation of women for the benefit of the country as a whole. Women's access to opportunities for academic education, vocational training, employment, and entrepreneurship is therefore critical if they are to make substantial contributions to Pakistan's socioeconomic progress and prosperity (Linfang et al, 2021). In the context of national development, all citizens are expected to take part in the growth of a country's socio-economic prosperity.…”

“…A comprehensive analysis of the relevant literature reveals that the issue of gender and the performance of businesses is not accorded a great deal of attention (Soomro & Shah, 2019). This conclusion was reached as a result of the findings gotten from different studies such as the work of (Rastogi et al, 2022;Linfang et al, 2021;Ali et al, 2019). There are disparities between the sexes in terms of many performance indicators.…”

“…Researchers investigate the psychological characteristics of successful businesspeople to identify traits that are a part of their personality (Linfang et al, 2021). An inclination to take risks, a drive for accomplishment, and an internal locus of control are all examples of such variables (Haddoud et al, 2022;Hartmann et al, 2022).…”

Entrepreneurship barriers faced by Pakistani female students in relation to their entrepreneurial inclinations and entrepreneurial success

“…For instance, among graduate students, Sandhu et al's (2011) findings emphasize the importance of EI through ATR, FoF, LoR, ASH, and LSN. Second, there is no agreement in the current literature about the effect that these barriers have on ES (Jodyanne, 2009;Chatterjee et al, 2019;Dzogbenuku and Keelson, 2019;Linfang et al, 2021). Finally, in the context of Pakistan, studies have not taken account of the country's female university students (Shah and Soomro, 2017;Zeb, 2018;Nasir et al, 2019;Noor and Isa, 2020).…”

“…They acknowledge entrepreneurship’s massive contribution as the source of financial advancement and prosperity and, also, as a driving force in achieving greater employment and healthy economic development (Shah and Soomro, 2017; Noor and Isa, 2020; Hamdan et al , 2022; Aslam et al , 2022; Othman et al , 2022). In micro-businesses, budding entrepreneurs are dogmatic in gearing the entrepreneurial process towards socio-economic strength and more employment (Thurik and Wennekers, 2004; Linfang et al , 2021; Othman et al , 2022). However, the entrepreneurial journey is uneven due to entrepreneurs often facing several barriers that sometimes endanger their achievements.…”