Examining the impact of stress and coping strategies on the performance of women entrepreneurs

R. Krithiga; G. Velmurugan

doi:10.31893/multirev.2024148

Keywords:

Abstract

Entrepreneurs have important part in economic growth. Today, majority of the women have begun their own venture for reasons through the support of government subsidiaries and their own offering toward the business. Therefore, it is obvious that the entrepreneurs should do multidimensional task and significantly in a creative way so that they can operate their business for long time in the society. When operating business, women entrepreneurs experience many issues since they should balance business and family activities at the same time. In addition to current reviews, the present paper provides better knowledge about the issues undergone by them, which results in stress among the women entrepreneurs, how they are overcome with the stressful situation by adopting coping techniques. As per convenience sampling technique, the researcher had selected samples of the total women entrepreneurs in Tamil Nadu for achieving validity and reliability of the information collected. In each category various stressors chase them in their personal and professional life. Given that many of the respondents in their study have limited entrepreneurial experience, it is understandable that these gaps can lead to entrepreneurial stress. The authors also recommend that the high levels of stress associated with interpersonal relationships be addressed by identifying the causes of these stressors in the workplace. Women entrepreneurs adapt their coping strategies to the level of role conflict they experience, and these changes have different impacts on their success.
References
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7. Dana, L. P., Tajpour, M., Salamzadeh, A., Hosseini, E., & Zolfaghari, M.,(2021). The Impact of Entrepreneurial Education on Technology-Based Enterprises Development: The Mediating Role of Motivation. Administrative Sciences, 11(4), 105. https://doi.org/10.3390/admsci11040105
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9. Dhar, S., Farzana, T., A. & Ibne, S. S. (2022).Pushed or Pulled into Entrepreneurship? Motivations behind Entrepreneurial Entry for Women with Disabilities in Bangladesh. Journal of Women’s Entrepreneurship and Education, 3(4),103-125. https://doi.org/10.28934/jwee22.34
10. Engel, Y., Noordijk, S., Spoelder, A.,& van Gelderen, M., (2020). Self-compassion when coping with venture obstacles: Loving-kindness meditation and entrepreneurial fear of failure. Entrepreneurship: Theory and Practice, 1-27. https://doi.org/ 10.1177/1042258719890991
11. Garg. C., Sharma, A., & Goyal, G., (2017). A hybrid decision model to evaluate critical factors for successful adoption of GSCM practices under fuzzy environment. Uncertain Supply Chain Management, 5(1), 59-70. https://doi.org/ 10.5267/j.uscm.2016.7.002
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14. Käthe Schneider (2017). Entrepreneurial Competencies of Women Entrepreneurs of Micro and Small Enterprises. Science Journal of Education, 5(6), 252-261. https://doi.org /10.11648/j.sjedu.20170506.14
15. Khadir F, Pigares E, Asif NB, Rithu AR, Jilda S, & Joseph SM., (2019). Challenges Faced by Established Women Fashion Entrepreneurs in Kerala During Initial Business Stage. Journal Marketing Vistas, 9(1),13-20.ISSN 2249-9067
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21. Perez, E. F., & Shah, K, (2016b), Entrepreneurial stress of women entrepreneurs of the Indian community in Dubai, UAE. Journal of Positive School Psychology, 6(6), 6260-6276.
22. Prakash C., & Barua M.K. (2017). Flexible Modelling Approach for Evaluating Reverse Logistics Adoption Barriers using Fuzzy AHP and IRP Framework. International Journal of Operational Research, 30(2),151-171. https://doi.org 10.1504/IJOR.2017.086523
23. Prakash, Deepti., (2021). Mindfulness Training: Way to Enhance Entrepreneurial Orientation. 14th Biennial Conference on Entrepreneurship, Entrepreneurship Development Institute of India (EDII), Ahmedabad, 25-27.
24. Radzi, K. M., Nor, M. N. M., & Ali, S. M. (2017). The impact of internal factors on small business success: A case of small enterprises under the FELDA scheme. Asian Academy of Management Journal, 22(1), 27-55. https://doi.org /10.21315/aamj2017.22.1
25. Santoro, G., Bertoldi, B., Giachino, C. C., & Elena. (2018). Exploring the relationship between entrepreneurial resilience and success: The moderating role of stakeholders' engagement. Journal of Business Research, Elsevier, 119(C), 142-150. https://doi.org /10.1016/j.jbusres.2018.11.052
26. Santoro, G., Ferraris, A., Del Giudice, M., & Schiavone, F. (2020). Self-efficacy and success of disadvantaged entrepreneurs: The moderating role of resilience. European Management Review, 17(3), 719-732. https://doi.org/10.1111/emre.12394
27. Santoro, G., Messeni-Petruzzelli, A., & Del Giudice, M., (2020). Searching for resilience: the impact of employee-level and entrepreneur-level resilience on firm performance in small family firms. Small Business Economics, 57(3), 1-17. https://doi.org /10.1007/s11187-020-00319-x
28. Schermuly, C. C., Dominika Wach, Clemens Kirschbaum, & Jürgen Wegg (2021). Coaching of insolvent entrepreneurs and the change in coping resources, health, and cognitive performance. Applied Psychology, 70(2), 556-574. https://doi.org/10.1111/apps.12244.
29. Shoss, M. K., Jiang, L., & Probst, T. M. (2018). Bending without breaking: A two-study examination of employee resilience in the face of job insecurity. Journal of Occupational Health Psychology, 23(1), 112-126. https://doi.org/ 10.1037/ocp0000060.
30. Sindhuja, M., Nandhini, R., Bhuvaneshwari, R., Naresh, P. (2018). Women Entrepreneurship in India-Challenges, IOSR Journal of Business and Management (IOSR-JBM), 20(5), 73-77. e-ISSN: 2278-487X, p-ISSN: 2319-7668
31. Soomro, B. A., & Shah, N., (2019). Is procrastination a “friend or foe”? Building the relationship between fear of the failure and entrepreneurs’ well-being. Journal of Entrepreneurship in Emerging Economies, 14(6), 1054-1071. https://doi.org /10.1108/JEEE-12-2019-0191
32. Stroe, S., Sir´en, C., Shepherd, D., & Wincent, J. (2020). The dualistic regulatory effect of passion on the relationship between fear of failure and negative affect: Insights from facial expression analysis. Journal of Business Venturing, 35(4). https://doi.org/10.1016/j.jbusvent.2019.105948
33. Stroe, S., Wincent, J., & Parida, V.,(2018). Untangling intense engagement in entrepreneurship: Role overload and obsessive passion in early-stage entrepreneurs. Journal of Business Research, 90(c), 59-66. https://doi.org 10.1016/j.jbusres.2018.04.040
34. Surangi, H., (2018). What influences the networking behavior of female entrepreneurs?: a case for the small business tourism sector in Sri Lanka. International Journal of Gender and Entrepreneurship, 10(2), 116-133. https://doi.org/10.1108/IJGE-08-2017-0049
35. Thompson, N. A., van Gelderen, M., & Keppler, L.,(2020). No need to worry? Anxiety and coping in the entrepreneurship process. Frontiers in psychology,11. https://doi.org/10.3389/fpsyg.2020.00398
36. Tripathi, K. A., & Singh, S. (2018). Analysis of barriers to women entrepreneurship through ISM and MICMAC A case of Indian MSMEs, Journal of Enterprising Communities: People and Places in the Global Economy, https://doi.org/ 10.1108/JEC-12-2017-0101
37. Weinberger, E., Wach, D., Stephan, U., & Wegge, J. (2018). Having a creative day: Understanding entrepreneurs’ daily idea generation through a recovery lens. Journal of Business Venturing, 33(1), 1-19. https://doi.org/10.1016/j.jbusvent.2017.09.001
38. Zafar, A., & Ometto, M. P.,(2021). Oppression, Entrepreneurship, and Emancipation: types of entrepreneurs and emancipatory outcomes. In Academy of Management Proceedings no.1.
39. Zoltán, J., Szerb, Á.L., & Lloyd, A(2018). Global Entrepreneurship Index Report 2018”, The Global Entrepreneurship and Development Institute, Washington, Springer International Publishing, DC, 1-89. ISBN: 978-3-030-03279-1 https://doi.org/10.1007/978-3-030-03279-1

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How to cite

Krithiga, R., & Velmurugan, G. (2024). Examining the impact of stress and coping strategies on the performance of women entrepreneurs. Multidisciplinary Reviews, 7(7), 2024148. https://doi.org/10.31893/multirev.2024148

[1] Amrutha Panchal, & Dr. Renu Rathi, (2022). An Empirical Study on Determinants of Stress Among Women Entrepreneurs of Bangalore Urban. Social science journal, 12(2), 1600-1610.https://resmilitaris.net/index.php/resmilitaris/article/view/237

[2] Basil, H. V., Colaco, V. (2018). Women Entrepreneurship In India – Changes And Challenges, 2(2). Issn No. 2456 - 9151

[3] Cabrera, E. M., & Mauricio, D, (2019). Factors affecting the success of women’s entrepreneurship: A review of literature. Int. J. Gend. Entrep.,9,31–65. https://doi.org/10.1108/IJGE-01-2016-0001

[4] Cardella, G.M, Hernández-Sánchez, B.R., & Sánchez-García, J.C.(2020). Women Entrepreneurship: A Systematic Review to Outline the Boundaries of Scientific Literature. Front. Psychol., 11, 1-18. https://doi.org/10.3389/fpsyg.2020.01557

[5] Chadwick, I. C., & Raver, J. L., (2019). Not for the faint of heart? A gendered perspective on psychological distress in entrepreneurship. Journal of Occupational Health Psychology, 24(6), 662-674. https://doi.org/10.1037/ocp0000157

[6] Chadwick, I. C., & Raver, J. L., (2022). Psychological resilience and its downstream effects for business survival in nascent entrepreneurship. Entrepreneurship: Theory and Practice, 44(2), 233-255. https://doi.org/10.1177/1042258718801597

[7] Dana, L. P., Tajpour, M., Salamzadeh, A., Hosseini, E., & Zolfaghari, M.,(2021). The Impact of Entrepreneurial Education on Technology-Based Enterprises Development: The Mediating Role of Motivation. Administrative Sciences, 11(4), 105. https://doi.org/10.3390/admsci11040105

[8] Deakins, D., & Scott, J. M., (2020). Entrepreneurship: A Contemporary & Global Approach. Sage ISBN:9781526461155

[9] Dhar, S., Farzana, T., A. & Ibne, S. S. (2022).Pushed or Pulled into Entrepreneurship? Motivations behind Entrepreneurial Entry for Women with Disabilities in Bangladesh. Journal of Women’s Entrepreneurship and Education, 3(4),103-125. https://doi.org/10.28934/jwee22.34

[10] Engel, Y., Noordijk, S., Spoelder, A.,& van Gelderen, M., (2020). Self-compassion when coping with venture obstacles: Loving-kindness meditation and entrepreneurial fear of failure. Entrepreneurship: Theory and Practice, 1-27. https://doi.org/ 10.1177/1042258719890991

[11] Garg. C., Sharma, A., & Goyal, G., (2017). A hybrid decision model to evaluate critical factors for successful adoption of GSCM practices under fuzzy environment. Uncertain Supply Chain Management, 5(1), 59-70. https://doi.org/ 10.5267/j.uscm.2016.7.002

[12] Iyer M. R. (2019). Problems Faced by Women Entrepreneurs in Ernakulam District, Kerala , Commerce Spectrum, 5(2),19- 22. ISSN 2321 – 371X

[13] Iyke Amaka Anna, & Omoankhanlen J. Akhigbe, (2023). Work Family Conflict and Women Entrepreneurial Success in Port Harcourt, Nigeria. International Journal of Business & Entrepreneurship Research, 14(6), 147 – 166. https://doi.org/ 2726145237114610

[14] Käthe Schneider (2017). Entrepreneurial Competencies of Women Entrepreneurs of Micro and Small Enterprises. Science Journal of Education, 5(6), 252-261. https://doi.org /10.11648/j.sjedu.20170506.14

[15] Khadir F, Pigares E, Asif NB, Rithu AR, Jilda S, & Joseph SM., (2019). Challenges Faced by Established Women Fashion Entrepreneurs in Kerala During Initial Business Stage. Journal Marketing Vistas, 9(1),13-20.ISSN 2249-9067

[16] Kumar, A. S., & Mehrotra, R. (2017). Opportunities & Challenges of Women Entrepreneurship: An overview. IOSR Journal of Business and Management, 19(3), 99-104. https://doi.org/10.9790/487X-19030499104

[17] Lateh, M., Hussain, M.D., Halim, M.S.A., (2017) Micro Enterprise Development and Income Sustainability for Poverty Reduction: A Literature Investigation. International Journal Business Technopreneurship, 7(1), 23–38. http://dspace.unimap.edu.my:80/xmlui/handle/123456789/50013

[18] Lerman, M. P., Munyon, T. P., & Williams, D. W., (2020). The (not so) dark side of entrepreneurship: A meta‐analysis of the well‐being and performance consequences of entrepreneurial stress. Strategic Entrepreneurship Journal, 15(2),1-48. https://doi.org/10.1002/sej.1370

[19] Lima, L. G. D., Nassif, V. M. J., & Garçon, M. M., (2020). The power of psychological capital: The strength of beliefs in entrepreneurial behavior. Revista de Administração Contemporânea, 24, 317-334. https://doi.org/10.1590/1982-7849rac2020180226

[20] MasterCard Index Of Women Entrepreneurs (MIWE) MasterCard Index of Women Entrepreneurs (MIWE) MIWE-2018-Report.compressed.pdf

[21] Perez, E. F., & Shah, K, (2016b), Entrepreneurial stress of women entrepreneurs of the Indian community in Dubai, UAE. Journal of Positive School Psychology, 6(6), 6260-6276.

[22] Prakash C., & Barua M.K. (2017). Flexible Modelling Approach for Evaluating Reverse Logistics Adoption Barriers using Fuzzy AHP and IRP Framework. International Journal of Operational Research, 30(2),151-171. https://doi.org 10.1504/IJOR.2017.086523

[23] Prakash, Deepti., (2021). Mindfulness Training: Way to Enhance Entrepreneurial Orientation. 14th Biennial Conference on Entrepreneurship, Entrepreneurship Development Institute of India (EDII), Ahmedabad, 25-27.

[24] Radzi, K. M., Nor, M. N. M., & Ali, S. M. (2017). The impact of internal factors on small business success: A case of small enterprises under the FELDA scheme. Asian Academy of Management Journal, 22(1), 27-55. https://doi.org /10.21315/aamj2017.22.1

[25] Santoro, G., Bertoldi, B., Giachino, C. C., & Elena. (2018). Exploring the relationship between entrepreneurial resilience and success: The moderating role of stakeholders' engagement. Journal of Business Research, Elsevier, 119(C), 142-150. https://doi.org /10.1016/j.jbusres.2018.11.052

[26] Santoro, G., Ferraris, A., Del Giudice, M., & Schiavone, F. (2020). Self-efficacy and success of disadvantaged entrepreneurs: The moderating role of resilience. European Management Review, 17(3), 719-732. https://doi.org/10.1111/emre.12394

[27] Santoro, G., Messeni-Petruzzelli, A., & Del Giudice, M., (2020). Searching for resilience: the impact of employee-level and entrepreneur-level resilience on firm performance in small family firms. Small Business Economics, 57(3), 1-17. https://doi.org /10.1007/s11187-020-00319-x

[28] Schermuly, C. C., Dominika Wach, Clemens Kirschbaum, & Jürgen Wegg (2021). Coaching of insolvent entrepreneurs and the change in coping resources, health, and cognitive performance. Applied Psychology, 70(2), 556-574. https://doi.org/10.1111/apps.12244.

[29] Shoss, M. K., Jiang, L., & Probst, T. M. (2018). Bending without breaking: A two-study examination of employee resilience in the face of job insecurity. Journal of Occupational Health Psychology, 23(1), 112-126. https://doi.org/ 10.1037/ocp0000060.

[30] Sindhuja, M., Nandhini, R., Bhuvaneshwari, R., Naresh, P. (2018). Women Entrepreneurship in India-Challenges, IOSR Journal of Business and Management (IOSR-JBM), 20(5), 73-77. e-ISSN: 2278-487X, p-ISSN: 2319-7668

[31] Soomro, B. A., & Shah, N., (2019). Is procrastination a “friend or foe”? Building the relationship between fear of the failure and entrepreneurs’ well-being. Journal of Entrepreneurship in Emerging Economies, 14(6), 1054-1071. https://doi.org /10.1108/JEEE-12-2019-0191

[32] Stroe, S., Sir´en, C., Shepherd, D., & Wincent, J. (2020). The dualistic regulatory effect of passion on the relationship between fear of failure and negative affect: Insights from facial expression analysis. Journal of Business Venturing, 35(4). https://doi.org/10.1016/j.jbusvent.2019.105948

[33] Stroe, S., Wincent, J., & Parida, V.,(2018). Untangling intense engagement in entrepreneurship: Role overload and obsessive passion in early-stage entrepreneurs. Journal of Business Research, 90(c), 59-66. https://doi.org 10.1016/j.jbusres.2018.04.040

[34] Surangi, H., (2018). What influences the networking behavior of female entrepreneurs?: a case for the small business tourism sector in Sri Lanka. International Journal of Gender and Entrepreneurship, 10(2), 116-133. https://doi.org/10.1108/IJGE-08-2017-0049

[35] Thompson, N. A., van Gelderen, M., & Keppler, L.,(2020). No need to worry? Anxiety and coping in the entrepreneurship process. Frontiers in psychology,11. https://doi.org/10.3389/fpsyg.2020.00398

[36] Tripathi, K. A., & Singh, S. (2018). Analysis of barriers to women entrepreneurship through ISM and MICMAC A case of Indian MSMEs, Journal of Enterprising Communities: People and Places in the Global Economy, https://doi.org/ 10.1108/JEC-12-2017-0101

[37] Weinberger, E., Wach, D., Stephan, U., & Wegge, J. (2018). Having a creative day: Understanding entrepreneurs’ daily idea generation through a recovery lens. Journal of Business Venturing, 33(1), 1-19. https://doi.org/10.1016/j.jbusvent.2017.09.001

[38] Zafar, A., & Ometto, M. P.,(2021). Oppression, Entrepreneurship, and Emancipation: types of entrepreneurs and emancipatory outcomes. In Academy of Management Proceedings no.1.

[39] Zoltán, J., Szerb, Á.L., & Lloyd, A(2018). Global Entrepreneurship Index Report 2018”, The Global Entrepreneurship and Development Institute, Washington, Springer International Publishing, DC, 1-89. ISBN: 978-3-030-03279-1 https://doi.org/10.1007/978-3-030-03279-1

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References

How to cite