Women make up nearly half of the workforce and are expected to make up 50% of the global labor force by 2030. However, they still only hold less than 5% of leadership positions in the United States. There is a lot of research on what makes women better leaders, but it’s not always clear why this is.
Women make better business leaders because they are more compassionate and understanding. They are also less likely to take risks, which helps them avoid mistakes.
This video from OnlineMBA.com appeals to me. And here’s the intro, as cited from the website:
There’s no denying that women are making significant progress in the areas of business and technology in the United States. Women in today’s age are more likely than any previous to start, lead, or advise a large American corporation. Despite the fact that women are gaining a greater share of high-level leadership roles, there are still some significant disparities. For starters, just twelve Fortune 500 firms currently have female CEOs. Furthermore, statistics on the percentage of female tech company founders are not promising; several high-profile incubators indicate that female entrepreneurs get fewer than 5% of yearly grant awards.
There’s a lot of nonsense on the internet attempting to justify the disproportionately lower numbers of women in startups and management with some kind of gender disparity. I confess that I don’t believe in data these days since anybody can find data to show anything, but I appreciate the way this movie collects data. I also appreciate the other perspective.
If you can’t find the video here, you can find it on YouTube by clicking here.
Finally, I’ll leave you with a quotation from OnlineMBA:
However, new data from Harvard Business Review and others indicates that companies without women in high-level leadership roles are losing out on some significant development possibilities. According to the findings, women who succeed in business have better-developed communication abilities than their male counterparts. Women are also more inclined than males to take the initiative and alter the status quo. In fact, companies with women on their boards experienced 42 percent better sales returns, a 66 percent higher return on invested capital, and a 53 percent higher return on equity than firms without women on their boards, according to the research.
Women make better business leaders because they are more compassionate and collaborative. They also tend to be less competitive and more trusting than men. Reference: disadvantages of female leadership.
Frequently Asked Questions
Why is it good to have women as leaders?
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Why are women so successful in business?
Women are more likely to be successful in business because they are typically better communicators, they have a stronger work ethic, and they are less likely to take risks that could end up hurting their businesses.