Abstract:
Though entrepreneurship is generally discussed in terms of socio-economic
growth and refers to success, related to the firm’s outcome, yet, entrepreneurship
is often pursued to attain personal happiness and satisfaction. Hence, it is of
utmost interest to assess the fulfillment and well-being of an entrepreneur to
detect the effectiveness of entrepreneurship. Studying well-being as a significant
effect of entrepreneurship will in turn enrich the entrepreneurship development of
a country. The paper is an assessment of the well-being of women microentrepreneurs who are beneficiaries of the Start-Up Village Entrepreneurship
Programme (SVEP). Unlike general studies on well-being, little is explored on the
wellbeing of rural women entrepreneurs in a developing country like India where
both gender equality and socio-economic independence are still questionable.
Drawing on multidimensional determinants of well-being, this assessment study
aims to examine and evaluate whether entrepreneurship enhances the state of
well-being of these women micro-entrepreneurs. To examine the state of wellbeing a comparative study is conducted, paralleling these women with other
women wage-employees from a similar locale. This paper considers
entrepreneurship as an inclusive term and studies the qualities, attitudes, and
competencies that enable people to transform their ideas into micro and small
business enterprises. The idea of inclusive entrepreneurship, here, indicates
entrepreneurial qualities that foster entrepreneurship. Based on a conceptual
model, determinants of entrepreneurial factors, well-being factors, and the
related hypotheses are tested via a survey questionnaire that is adopted from
Ryff's Six-factor Model of Psychological Well-being and is observed through the
lens of Self‐determination theory (SDT). The methodology obeys quantitative
analysis. This study contributes to entrepreneurship research by exploring
whether entrepreneurship improves well-being, based on the determinants as
drivers of contentment and happiness for women.
Description:
Fourteenth Biennial Conference on Entrepreneurship/ Edited by Rajeev Sharma, Sunil Shukla, Amit Kumar Dwivedi & Ganapathi Batthini
