Synchronous Perspective on the Women Entrepreneurship Challenges in Developing Countries upon Reviewing the Gender and Contingency Theories

Women's entrepreneurship is growing worldwide, especially in developing countries, where it transforms entire families and communities. Regrettably, despite their significant contributions to the economy, along with gender bias and social stigmas, there are a lot of challenges for women entrepreneurs in developing nations. Most of the challenges are identified from different theoretical propositions. But unfortunately, these theoretical propositions regarding women's entrepreneurship have been proposed considering the environment of developed countries. However, these theoretical propositions might show a different view of the situation in developing nations. Thus, the fundamental objective of this chapter is to show the synchronous perspective on women's entrepreneurship challenges upon reviewing the gender and contingency theories. In this chapter, the researchers did not use any collected (primary and secondary) data, thus; a standalone literature review has been adopted to achieve the objective. The review showed that social hindrances, personal obligations, lack of financial capabilities, market demand and technical KSA requirements are the main challenges for women entrepreneurs in developing countries. This chapter could give a comprehensive scenario of female entrepreneurs’ challenges and act as a road map for the development of female entrepreneurs in developing countries. In this chapter, the authors only focus on the challenges of women entrepreneurship in developing nations; thus, in the future, the researchers can show the similarities and dissimilarities of women entrepreneurship between developed and developing nations.