Analyzing the Role of Gender-Inclusive Policies in Promoting Women’s Entrepreneurship

Abstract

Women are the grown engines of society, nation and economy as well. Gender inclusive policies are vital in ensuring that women embrace entrepreneurship development to build a strong economy, increase innovation, and achieve better social justice. The position of women in business has improved over the years. However, they still experience hurdles like restricted funding, limitations to access markets, and social prejudices. This research aims to analyse how gender responsive policies help in supporting women's entrepreneurial development by following financial, legal and social barriers. It discusses strategies such as affirmative action in the award of funds, capacity enhancement initiatives, mentoring, and supportive legislation that guarantees equity in business entrepreneurship and executive positions. In this regard, this study contributes to the existing literature by analysing the effects of these policies to demonstrate the positive effect on gender equality and in improving women's employment rate. Moreover, it reveals flaws in the existing frameworks that need to be addressed to enhance their functionality, especially in developing countries where institutions are not fully developed. The research also raises awareness of the importance of more complex and diverse analyses that take into account ethnicity, socio-economic status, and specific industry barriers. Thus, in addressing the gap in literature on the direct relationship between gender-inclusive policies and entrepreneurial performance, this study has the potential to effectively inform policymakers, business executives, and advocacy organizations. Thus, it reiterates the need to focus on intervention strategies aimed at supporting women in business and entrepreneurship that would ensure an improved and fair environment for the practice of business that would catalyse the achievement of sustainable economic development.