Harvard Business Review Cites Women’s SME Report

Harvard Business Review publishes analysis by Boston Consulting Group on women-led businesses and the importance of networks in the global economy. Read The Asia Foundation’s related report.

Again and again we find that networks are a critical factor for small business success. In low- and middle-income countries, for example, we studied how knowing at least one other entrepreneur (a proxy for entrepreneurial networks) impacted women-led businesses. We found that stronger and broader networks are linked to smaller gender gaps in business sustainability and improved access to a variety of funding sources. Research by other groups, including the Asia Foundation, has found that peer-to-peer networks encourage women to set higher aspirations for their businesses, plan for growth, and embrace innovation.