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An Insight to the World of Female Entrepreneurship: Systematic Literature Review of the Phenomenon using the Mckinsey 7S Model

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  • Zavodny Pospisil Jan
  • Zavodna Lucie Sara

    (Prague University of Economics and Business, Prague, CZECH REPUBLIC)

Abstract

The paper's main aim is to contribute to the empirical knowledge of women's entrepreneurship by utilizing the McKinsey 7S Model to explain the managerial phenomenon in women-led companies. The paper is based on secondary data sources. The data were collected from case studies presented in academic journals indexed in the Scopus and Web of Science databases. The data collection used the PRISMA 2009 method. The case studies of women-led companies were assessed in the McKinsey 7S model on a qualitative basis. The paper introduces women companies' managerial traits and procedures, which the McKinsey 7S model can recognize. In the chosen and analyzed sample of case studies dealing with female entrepreneurship, not even one directly used the McKinsey model for analysis. Results also showed that the 7S model should be used with primary data rather than to evaluate incomplete secondary data. Also, factors that lead women to start a business worldwide have been shown.

Suggested Citation

  • Zavodny Pospisil Jan & Zavodna Lucie Sara, 2022. "An Insight to the World of Female Entrepreneurship: Systematic Literature Review of the Phenomenon using the Mckinsey 7S Model," Foundations of Management, Sciendo, vol. 14(1), pages 51-66, January.
    • Handle: RePEc:vrs:founma:v:14:y:2022:i:1:p:51-66:n:2
    DOI: 10.2478/fman-2022-0004
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    More about this item

    Keywords

    female entrepreneurship; gender; female-owned companies; McKinsey model;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing

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