Posts Tagged ‘Women in Global Business’

Aussie Women in the Global Arena – Our New Report

June 24, 2015

Our second report for Women in Global Business is out and about. It results from a survey of 400+ Australian businesswomen, many of whom run their own internationally-engaged business.

The report can be downloaded here, or over here.

In summary, we found that there is a large, active group of women-owned businesses operating across varied foreign markets. These are typically young, small-medium-sized enterprises, founded within the past 4-8 years. They have been very quick to embrace global opportunities.

Over two-fifths (42%) internationalised within 12 months of start-up, and 81% within the cover shot 2015 WIGB reportfirst 5 years. A third of these organisations (33%) earn more than 50% of their sales revenue internationally. Expanding overseas has been a key success driver for these women-owned businesses. Almost two thirds (62%) report sales growth of more than 10% over the past year. Over a third (35%) report sales growth of more than 40%. These numbers are even higher for organisations that have internationalised in the past five years, with 52% reporting sales growth of more than 40% in the past year. Foreign sales growth of more than 100% was reported by 16% of the women-owned businesses.

Almost a fifth (19%) of the women-owned businesses also reported growth in employment numbers of 10% or more over the past 12 months, with 4% more than doubling their headcount. Again, employment growth was even higher for firms in early stages of internationalisation. Of those who have internationalised within the past 5 years, 31% reported growth in employment numbers of 10% or more over the past 12 months, with 9% more than doubling their headcount.

Australia’s female international owner-operators do not fit the stereotype of young, brash entrepreneurs. Rather, these female success stories are overwhelmingly baby-boomers (62% are 50+ years of age). They are very well-educated (78% hold a bachelor degree or higher). They bring a wealth of life and business experience to their start‐ups. Half (50%) have worked overseas in previous organisations, typically for five or more years, often in the USA, UK, China or Singapore.

Australia’s women-owned businesses have already achieved significant success overseas, with the majority (51%) operating in five or more foreign markets, and a quarter in ten or more. There is a strong appetite for further expansion with 74% indicating they are seeking to expand into new markets, and none intending to scale back their global reach.

The most common first locations for expansion by women-owned organisations were the USA (14%), NZ (12%), UK (9%) and Japan (8%). China has been on the rise in recent years, accounting for 13% of first entries in the past five years. Asia is by far the most common region for first expansion, up from 40% of firms who first went international 5 or more years ago to 47% of firms who internationalised within the past 5 years. The big drops have been in Europe (down from 20% to 11%) and Oceania (20% to 13%).

Later this week I’ll summarise our findings on the Aussie international businesswomen employed in senior strategic roles.

A conversation about Australia’s international businesswomen

June 21, 2013

Well, it certainly has been a long time between drinks.  The last time I blogged I was seeking participants in a research project looking at Australia’s international businesswomen.

The outcome of the research has now hit the public arena.  Here’s a lengthy discussion of our key findings at the Conversation website.

And you can download our fancy report called Australia’s Underestimated Resource:Women Doing Business Globally is available for free download at the Women in Global Business website.

Tell your friends!

Update: the report is also now downloadable from my research paper site.

Calling all Aussie international businesswomen

July 27, 2012

I’m currently involved in a really promising Honours research project here at the University of Melbourne, and I’d love to get you involved.

Sarah Gundlach and I are surveying Aussie businesswomen on behalf of a multi-government network called Women in Global Business (they’ve grown in just over a year to more than 1000 members).

We are exploring what motivates these women to engage in international business. We ask about where they are targeting and why. We ask them to identify any barriers they have encountered to expansion and the networks they have used. We also explore aspects of the entrepreneurial mindset.  It’s the first study of this scale in Australia (and one of the first in the world).

It will not only give us a sense of what Aussie businesswomen are up to, but also what could drive more international adventurousness, and how organisations like WIGB can help (via lobbying, networking, info sharing etc).

So, this is a call to any women who would like to share their views with us. Click on image below (or here) to tell us about your experience engaging in business across borders.

Please pass it on to any eligible businesswomen you know.

And there’s a chance to win a funky laptop bag for one lucky survey participant.

I’ll be reporting back on our findings towards the end of the year too.

Finally, WIGB are currently doing a roadshow of events with great speakers.  Click on this pic below to see where and when (and if you’re at the Melbourne event look out for me!).