How women are influencing business’s future
The environment for business is evolving. Aside from the COVID-19 pandemic, mindsets toward “conventional” business tactics are evolving. Furthermore, there has been indications and data that suggests that women are significantly influencing the direction of long-term business. The representation of women in business magazines is becoming more prominent.
A brief history of female entrepreneurs
Many people are unsure of the centuries-long history of female entrepreneurial. In the city of Assur in northern Iraq, businesswomen can be found dating back to 1870 BC. The fact that Assyrian women were frequently involved in the region’s extensive trading channels at the time shows that business was not just for men.
Latest instances of women in business are also multiple. For instance, Margaret Hardenbroeck showed up with what would later become New York in 1659 and apparently continued to work as a debt collector before becoming a business representative. After trying to trade between Holland and the colonies, she rose to become the richest woman in New York.
For instance, Katharine Graham, was the only female Chief executive officer (CEO )500 company in 1973. Women made up only 38% of the working population in the US at the time. 2019 saw 37 Fortune 500 companies with a female Chief executive officer (CEO) bringing the overall percentage to 46.2%.
Even though there are undoubtedly difficulties faced by women in business, there are also many advantages that should be highlighted. There are numerous instances of female entrepreneurs and business owners who are making a big difference in the world, advancing their careers, and influencing the direction of business.
Here are just a few examples of how women are influencing the business landscape today and in the future:
1. Introducing fresh innovation
Women are bringing new ideas and innovation to the business world as they become more powerful and influential. Equality of opportunity in terms of gender fosters the development of new goods, services, and companies across a variety of industries. This helps businesses, but it’s also good for consumers because it gives them further options that are more applicable to their needs.
Additionally, research indicates that when women hold more than one-third of executive positions, businesses are more financially viable. As a result of their successes, women in business magazines are getting featured frequently because of their achievements.
2. Adding a fresh take on leadership
Despite the fact that there is still a problem, more women are now in leadership positions. In addition, women in these roles carry a special range of abilities and proficiencies that can aid in bringing about change.
The soft skills are just as important as the hard skills for executive and c-suite positions. Women outperform men on almost all dimensions of emotional intelligence, according to a 2016 study mentioned about women in business magazines. Which include traits that are crucial for leadership in an organization, such as working as a team, ability to adapt, and crisis management.
3. Promoting inclusion and diversity
In the business world, diversification continue to be some of the bigger concerns. Nevertheless, there is much more portrayal as even more women find ways to enter and advance within the business world. As a consequence, the business sector becomes much more attractive to others more influencers and interesting and inspiring women there are in it.
Through training and mentoring, women are able to support other women as they enter and succeed in the corporate world, fostering more diverse workplaces for all.
4. Social conventions are changing
According to studies, the gender gap’s persistence is largely due to unfavorable social norms and gender stereotypes. With more women starting businesses, succeeding in them, and implementing innovation, such cultural norms will change.
The status quo will be challenged by today’s businesswomen, who will also work to dispel widespread misconceptions. Today’s innovators are shaping business strategies for years to come, which benefits everyone.
The statistics presented above demonstrate that there are both positives and negatives in the data. Even though there are still differences in representation and equality, there has been significant advancement in recent years. There is no doubt that opportunities for and representations of women in business have changed over the past few decades, at least in some positive ways. What does the present environment, however, portend for the future? We’ve discussed a few of the most important data, as well as the present advantages and disadvantages, that could influence the coming decades.