Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy
This article introduces the Holistic Enterprise Success and Sustainability Index (HESSI), a novel framework designed to enhance the success of women-led small family businesses (SFBs) in the context of a sustainable economy. Through a comprehensive literature review and theoretical exploration, this...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Malangkucecwara School of Economics
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/117251/ http://psasir.upm.edu.my/id/eprint/117251/1/117251.pdf |
| _version_ | 1848867200008454144 |
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| author | Xuan, Liew Mei Jamaluddin, Askiah Zainalaludin, Zumilah Md. Yusoff, Irwan Syah |
| author_facet | Xuan, Liew Mei Jamaluddin, Askiah Zainalaludin, Zumilah Md. Yusoff, Irwan Syah |
| author_sort | Xuan, Liew Mei |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This article introduces the Holistic Enterprise Success and Sustainability Index (HESSI), a novel framework designed to enhance the success of women-led small family businesses (SFBs) in the context of a sustainable economy. Through a comprehensive literature review and theoretical exploration, this study articulates how women entrepreneurs' perspectives are intricately aligned with both familial values and business imperatives. HESSI employs a robust suite of indicators to measure financial robustness, societal contribution, environmental stewardship, and family solidarity--each meticulously refined to reflect the specificities of women-led SFBs. These indicators transcend traditional, financial-centric metrics, advocating for an expansive evaluation of success that considers economic performance alongside social, environmental, and familial well-being. Crucially, the HESSI framework incorporates women's familial insights, positioning them as a driver of internal cohesion and a pivotal element in integrating Environmental, Social, and Governance (ESG) principles. This broader vision of success metrics includes family unity and the perpetuation of legacy. HESSI promotes an all-encompassing approach to success evaluation that is grounded in gender perspectives, entrepreneurial agility, and a staunch commitment to sustainability principles. The discourse presented is a significant contribution to the fields of gender, entrepreneurship, and sustainable development, providing actionable insights into the vital role of women entrepreneurs in forwarding the sustainability agenda. It underscores the importance of advancing education, reinforcing policy frameworks, and fostering community solidarity to support and extend the reach of women-led SFBs, thus charting a course towards a more equitable and sustainable future in the business landscape. |
| first_indexed | 2025-11-15T14:32:43Z |
| format | Article |
| id | upm-117251 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:32:43Z |
| publishDate | 2024 |
| publisher | Malangkucecwara School of Economics |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1172512025-05-06T07:35:52Z http://psasir.upm.edu.my/id/eprint/117251/ Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy Xuan, Liew Mei Jamaluddin, Askiah Zainalaludin, Zumilah Md. Yusoff, Irwan Syah This article introduces the Holistic Enterprise Success and Sustainability Index (HESSI), a novel framework designed to enhance the success of women-led small family businesses (SFBs) in the context of a sustainable economy. Through a comprehensive literature review and theoretical exploration, this study articulates how women entrepreneurs' perspectives are intricately aligned with both familial values and business imperatives. HESSI employs a robust suite of indicators to measure financial robustness, societal contribution, environmental stewardship, and family solidarity--each meticulously refined to reflect the specificities of women-led SFBs. These indicators transcend traditional, financial-centric metrics, advocating for an expansive evaluation of success that considers economic performance alongside social, environmental, and familial well-being. Crucially, the HESSI framework incorporates women's familial insights, positioning them as a driver of internal cohesion and a pivotal element in integrating Environmental, Social, and Governance (ESG) principles. This broader vision of success metrics includes family unity and the perpetuation of legacy. HESSI promotes an all-encompassing approach to success evaluation that is grounded in gender perspectives, entrepreneurial agility, and a staunch commitment to sustainability principles. The discourse presented is a significant contribution to the fields of gender, entrepreneurship, and sustainable development, providing actionable insights into the vital role of women entrepreneurs in forwarding the sustainability agenda. It underscores the importance of advancing education, reinforcing policy frameworks, and fostering community solidarity to support and extend the reach of women-led SFBs, thus charting a course towards a more equitable and sustainable future in the business landscape. Malangkucecwara School of Economics 2024-10-31 Article PeerReviewed text en cc_by_sa_4 http://psasir.upm.edu.my/id/eprint/117251/1/117251.pdf Xuan, Liew Mei and Jamaluddin, Askiah and Zainalaludin, Zumilah and Md. Yusoff, Irwan Syah (2024) Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy. Journal of Accounting, Business and Management, 32 (1). pp. 137-156. ISSN 0216-423X; eISSN: 2622-2167 https://journal.stie-mce.ac.id/index.php/jabminternational/article/view/1469 10.31966/jabminternational.v32i1.1469 |
| spellingShingle | Xuan, Liew Mei Jamaluddin, Askiah Zainalaludin, Zumilah Md. Yusoff, Irwan Syah Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy |
| title | Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy |
| title_full | Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy |
| title_fullStr | Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy |
| title_full_unstemmed | Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy |
| title_short | Advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy |
| title_sort | advancing women entrepreneurs: a framework for small family businesses success within the sustainable economy |
| url | http://psasir.upm.edu.my/id/eprint/117251/ http://psasir.upm.edu.my/id/eprint/117251/ http://psasir.upm.edu.my/id/eprint/117251/ http://psasir.upm.edu.my/id/eprint/117251/1/117251.pdf |