Understanding female entrepreneurial success: a phenomenological approach
by Charles Godfred Ackah; Kwame Adom; Golda Anambane
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 53, No. 1, 2024

Abstract: This paper explores the subjective conceptions of female entrepreneurial success in a developing economy context. We employ the phenomenological approach and gather primary data from 30 female entrepreneurs. We used the thematic network analysis technique as the data analysis method. The study finds that for the female entrepreneurs in the study context, entrepreneurial success is about the mobility of business across different business structure platforms and across business activities. Female entrepreneurial success is achieved by intentionality, using strategies like a change in a business location, adapting to the changing business environment, gathering and deploying market intelligence, and gaining in-depth knowledge about the business sector. Network relationships among themes emerged, outlining that entrepreneurial success is not straightforward, and enterprises, despite their size, may have to adopt patching strategies. The findings of this study are useful in the development of programs that spearhead the growth and success of female-owned enterprises.

Online publication date: Fri, 02-Aug-2024

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