In: Economics
case study question
Miss Yinnary is one of the many women who own their own businesses and her experience is not very different from others, who must contend with being a mother, a spouse and a family cheerleader in addition to owning and operating a business. She is the owner of the famous Y-Hotel. It was her first business, though she had some family background in this business. Her two sisters were also in the same line of business. But she borrowed some money, put in some of her savings and started her own venture. She was the first woman ever to enter into this business, most of her clients could not understand that a woman could be interested in the hospitality industry. To Step up her game in the hospitality Industry , Miss Yinari is seeking someone who understands innovative entrepreneurship to assist her.
During her rise to success and in management of her hotel business, she also needs to manage a family, stay teaching in university and dealing with community affairs. In her mind, there is nothing more exhilarating than owning her own business, and for her, the fun is in facing the challenges of turning the hotel into a first ever hotel that provide customers an unforgettable experience with innovation
In the present time, more women are making this choice, pursuing entrepreneurship rather than staying as housewives or traditional careers. For the past few years, the number of women starting new ventures is three times as large as the number of men. There are several good reasons for this trend. Some women find that owning a business is the only way to combine a decent income with time for their children by having the flexibility to control their schedules. Others see themselves as unlikely corporate managers and recognizing the gender problem that exists for achieving success, they choose the entrepreneurial route. Still others see entrepreneurship as a way of controlling their lives, pursuing interests that would be impossible in a corporate job.
The dual roles of mother and entrepreneur often conflict, and husbands and wives
tend to develop separate career tracks that often cannot be reconciled. Women can
also find it lonely in a business world, especially if clients are predominantly men,
this was a problem for Yinari too.
Many women, however, have businesses that fit well with their interest and with
women customers. These include services in beauty care, nutrition, education,
entertainment etc. Nevertheless, being in business often exacts a double price for
women, yet for those with determination like Yinari, the rewards are always waiting.
Your Task as Business Consultant , Prepare a report regarding the following issues below :
J.As Innovative Consultant how would you plan this project for your client?
The data states that women who have been leading entrepreneurs tend to be more inclined towards work which involves other women in that sector too. However Miss Yinari has stepped into the hospitality sector in which clients are mostly men which has been a problematic situation for her too. She would primarily need more men and women both alike to tackle the clients such that she need not get into the nitty gritties of the working. In other words, expanding the business by making it a larger project and increasing the number of workers(both men and women alike) can put her in a more comfortable situation.
In order to assist her, she might need some women by her so as to make the job of managing the business an interesting thing too. To do this, she should provide opportunities to females exclusively by giving them certain incentives to work too. This would ensure her of the comfort in the workplace and moreover, delegating duties would help in running the hotel business more efficiently.