Psychological Empowerment and Entrepreneurial Intentions among Women: A Review

Abstract

This paper explores the relationship between psychological empowerment and entrepreneurial intentions among women, examining various contextual factors influencing this dynamic. Drawing on empirical studies and case analyses from diverse global contexts, the study highlights key dimensions of psychological empowerment—such as self-efficacy, autonomy, and meaningful work—and their impact on women's readiness to pursue entrepreneurship. Recommendations include enhancing financial access through microfinance and grants, promoting entrepreneurial education and training, implementing supportive policy frameworks, and leveraging technology and community networks. Addressing socio-cultural barriers and supporting diverse groups are also crucial for fostering an inclusive entrepreneurial ecosystem. Ultimately, by implementing these strategies, policymakers and stakeholders can create an enabling environment that empowers women entrepreneurs, promotes economic growth, and advances gender equality.