A comparison of the critical success factors in women-owned business between the United States and Korea

This study examines the relationship between critical success factors of women-owned business and business performance. To date, there has been little research comparing the performance of businesses owned by women to those owned by men. In addition, research is extensive on female entrepreneurs in...

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Bibliographic Details
Published inInternational entrepreneurship and management journal Vol. 5; no. 3; pp. 259 - 270
Main Authors Lee, Sang S., Stearns, Timothy M., Osteryoung, Jerome S., Stephenson, Harriet B.
Format Journal Article
LanguageEnglish
Published Boston Springer US 01.09.2009
Springer Nature B.V
Subjects
Business and Management
Emerging Markets/Globalization
Entrepreneurship
Management
Minority set aside programs
Success factors
Women owned businesses
Female
Overseas
Small business
Entrepreneur
United States
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Summary:This study examines the relationship between critical success factors of women-owned business and business performance. To date, there has been little research comparing the performance of businesses owned by women to those owned by men. In addition, research is extensive on female entrepreneurs in developed countries, especially in the United States and Europe; however, there are comparatively few studies of women-owned business in Asia. This paper analyzes how business performance is affected by the critical success factors of women-owned business. We also compare the differences between businesses owned by women in the United States and in Korea. The results indicate that business performance had a positive outcome based on the critical success factors for women-owned business. Some factors suggest, however, a significant difference between the two countries.
ISSN:1554-7191
1555-1938
DOI:10.1007/s11365-009-0110-y