women in business

Most Gen Z Girls and Women Lack a Key Success Lesson in Their Education

Competition is key: That the finding of a new study from Girls With Impact, a nonprofit organization dedicated to equipping girls to launch and lead projects and businesses.

Many girls lack opportunities to work as a team and to compete as they grow and learn—and the omission often carries over into young adulthood, higher education, and the business world. According to the survey, only 22 percent of students in venture competitions in business school were women—even though when they did compete, they thrived: Top-ranking teams had women founders and CEOs 51 and 32 percent of the time, respectively.

Click through to read more on the importance of competition, as well as how role models can influence girls and women to compete, the role of confidence and underrepresentation, and why thriving in competitions can help women succeed in business.

By Eric Rosenbaum

There's long been Girls Scouts and sports, but too many young women aren't exposed to teamwork and competition at an early age, and that will hurt them as they seek jobs in a shifting workplace. The problem is not limited to girls in middle and high school. A new study of female business students shows that women don't opt into what is being judged by their own professors and corporate hiring managers as the most important part of B-school education: not books, but competitions.

Women represented just 22 percent of students participating in venture competitions, but when they do compete, female students succeed. Of the ranking teams (first, second and third place) in competitions, 51 percent had a woman founder and 32 percent had a woman CEO.

The study from Girls with Impact included data on six years of college venture competitions in which there were 1,454 participants and 535 teams comprised of student from freshman to Ph.D level. across three universities — University of Connecticut, UCLA and Rice University.

Image credit: Hero Images | Getty Images

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The Key to More Female CEOs: More Female Board Members

An article from CNN Money explores how more women board members—and more diversity on boards in general—can help promote a gender equality at the top, leading to more women CEOs. Click through to read about how term limits could also help, how women help the push for recruiting more minorities and women, and more.

By Julia Carpenter

You've seen the headlines about the lack of female leadership, the challenges women overcome to reach the C-suite and the dwindling numbers of women at the top.

Some companies are testing out structured mentoring, empowerment programs and ambition summits to fix the problem and correct gender imbalances. But other experts say this may not be a bottom-up problem as much as a top-down one, which begins with a startling lack of diversity on company boards.

A majority of companies in the S&P 500 have at least one woman on their boards, but only 25 percent have two, according to a recent study from PwC.

In order for boards to appoint more female CEOs, there first have to be more female board members to vote for them, says Anna Beninger, senior director of research and corporate engagement partner at Catalyst, a non-profit studying women and work.

"It's complicated when you look at the board, but we have to appreciate the incredible influence that they have in determining who is going to be that CEO-level role, and notably, if they stay and how successful they are," she says.

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Forbes Emergent 25: The Women Making Their Mark in Asia’s Enterprises

Whether in finance, science, health and beauty, engineering or other businesses; women are advancing, innovating, thriving, and leading the way—forging new paths for their companies, breaking glass ceilings, and lifting everyone up with them. We were inspired by this list of Asian women founders, CEOs, presidents, directors, and more from the May issue of Forbes Asia. Click through and read more about these trailblazing women leaders in business.

By Mary E. Scott

This story appears in the May 2018 issue of Forbes Asia.

What do Joanne Kua, a 33-year-old scion of a wealthy Malaysian family who is transforming her father’s staid insurance and finance business, and Indonesian grandmother Nurhayati Subakat, 67, who has pioneered halal beauty products have in common with Miki Ito, a Japanese scientist who plans to scrub the cosmos clean of space junk, and Vietnam’s Dang Minh Phuong, who founded and runs a logistics company? They are on Forbes Asia's first Emergent 25 list of women making a recent mark in regional enterprises.

These listees reflect the broader impact women are having in the Asian business world, even as the number of women in senior business positions globally retreated over the past year, according to consultancy Grant Thornton. Its 2018 “Women in Business” report says APAC firms gained greater gender diversity but notes that results across the region were patchy: a strong uptick in India, with the number of women in senior roles rising to 20 percent from 17 percent previously, but disappointment in Japan as the rate there remains stuck around 5 percent.

This group of 25 women, chosen for the money they generate, the influence they wield and the ideas and trends they are advancing, bring fresh perspectives to Asia-Pacific’s growing business world.

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For Women in The Workplace, Does Loving Your Job Matter?

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We enjoyed this piece from Take the Lead on loving our jobs -- at least some of the time. How generous we are with others and even the perceptions we reinforce in our own minds, as well as traits like courage and resourcefulness, can help us see the best -- and do our best -- in almost any job. Another crucial element is leadership: If you're confident in the leadership at your company, you are more likely to love your job. It's a lesson workers and founders alike can keep in mind for happy, healthy workplaces. taketheleadwomen.comWashington Post publisher and owner Katharine Graham reportedly once said, “To love what you do and feel that it matters, how can anything be more fun?”

Agreed, not all of us love our work every second of every day. Nor are most of us rushing off to the bathroom to weep or call a friend in a panic. Well, not every day.

You don’t have to love your job all the time, but you can try to love your job a lot of the time. So just how can you fall in love, or stay in love with your job, your work and your career?

Some experts say that starts with how you treat others.

“By giving others the benefit of the doubt, you’ll feel a lot happier at work because you won’t be held back by resentment or anger. Just think about how much easier it would be to get back to your work when your mindset changes from ‘My boss ignores everything I’m working on,’ to ‘My boss doesn’t micromanage me,’ according to The Muse.

And if you feel as if your boss or supervisor is competent, you are also more likely to like your job. Nothing like feeling you are a passenger on a runaway train to bring you down. Trusting that your manager knows what she is doing makes a huge difference in your happiness level.

by Michele Weldon

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Anjali Sarker: Girls Have to ‘Break the Barriers in Ourselves’

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This article originally appeared on the Women & Girls Hub of News Deeply, and you can find the original here. For important news about issues that affect women and girls in the developing world, you can sign up to the Women & Girls Hub email list. By Hannah McNeish

From cultural curse to social entrepreneur, Bangladeshi innovator Anjali Sarker is determined to cut through caste and gender to allow people at “the bottom of the pyramid” to rise to their potential.

 

Anjali Sarker remembers her seventh birthday well, because it was the day her parents brought home the best present possible – a baby sister who she decided was “a little angel.” But Sarker’s delight soon turned to distress when she overheard an uncle giving his condolences to her father about the birth of this “curse” – another girl instead of a treasured boy.

As she got older, Sarker used her uncle’s comment to drive her determination to enter the male-dominated world of business. She lobbied her parents to let her attend Bangladesh’s top business school, despite their pleas for her to follow the path most parents wanted for their girls, becoming a nurse or primary-school teacher.

But Sarker persisted and by the age of 20, she had been featured in Forbes magazine for one of her innovations: Toilet+, a startup that installs eco toilets in the homes of the rural poor and pays people for the solid waste they collect. In a country where many children die of diarrheal diseases, Sarker knew that encouraging more hygienic toilet habits could save lives.

Since then, she’s been collecting accolades and awards for her work with social businesses and she’s currently a Global Shaper at the World Economic Forum. She has channeled her dislike of hierarchies into a youth news network, Campus2Career, aimed at students who struggle to find business news and career advice beyond the civil service. And for her day job, she is team leader at BRAC, managing other young innovators.

Women & Girls Hub caught up with Sarker in Nairobi, where she was speaking as an Aspen Institute New Voices Fellow, to ask her about breaking down prejudices and breaking up all-male panels at conferences.

Women & Girls Hub: What were some of the challenges you faced getting to where you are today?

Anjali Sarker: When I was working in my enterprise, I had to tell my parents, “I’m not working on anything, it’s just my university assignments,” when in reality I had to go to places.

When I was meeting the investors, they asked me the same questions, in a very derogatory manner. They were like, “You are 20 and you are asking for money – do you even have a bank account?” If you want to discriminate [against] a woman, you can find a hundred reasons to stop her from doing what she’s doing.

Women & Girls Hub: How did you overcome the prejudices you mentioned in Bangladeshi society, such as people judging you by your age, gender and social status?

Sarker: You need to have a strategy. From a very young age, my father taught me how to play chase and even though I’m a grown-up and I don’t play chase anymore, I really cherish the idea that it’s a game. If somehow plan A fails, you have plan B and you execute that. That’s how I save myself from frustrations.

Women & Girls Hub: Do you get a lot of emails or calls from girls wanting to know how you cracked the business world?

Sarker: It’s a super-funny question because I get more messages from men, who say, “I‘m very inspired and you’re so articulate. How can I be like you?” And I say: I wish more girls said this!

When you speak at conferences, you see only 20 percent of the audience are girls and the rest are men. No wonder I’m getting more messages from the men. The girls are still inside their houses. So it’s the boys who do the projects, who go outside, who take part in different things.

It’s not in our blood that we have to stay inside the house, but it’s the culture. It’s very linear: You be a good girl. You get married. You have a family. Those are the success metrics for women. I haven’t seen anyone telling a girl child, “You have to earn money, you have to be independent.” Rather, the mother tells the girl, “Buy this dress, make sure your makeup is perfect.” No one is telling that to a boy, so a boy is thinking of how to progress in his career.

Women & Girls Hub: How do you see things changing for the younger generation?

Sarker: If I think about my mother, she never traveled abroad. She just stayed in the same job. I will not do that. It’s changing gradually. Now girls and women have a lot more options. They’re doing more. They’re coming out of their houses. Progress is slow but it’s happening.

Women & Girls Hub: And you’re breaking up “manels”?

Sarker: Yes, I hate those! I organize a conference on innovation every year, and this is my biggest pain and my biggest pleasure – that I ensure there will be no panel without a woman. I try to ensure that it’s 50/50, if not 60/40, but at least one woman.

Women & Girls Hub: What is the idea behind Campus2Career?

Sarker: It’s a new portal for the youth across the country, but it’s not for the elite universities. It talks about a lot of different youth news issues and helps young people make the smooth transition from student life to career opportunities. We are trying to promote non-traditional professions to them, telling them they don’t have to only run after government jobs. They can do entrepreneurship; they can be a sportsperson if they want to. They don’t have to study economics or business or the most sought-after subjects, but they can study literature and be a journalist.

These people feel they don’t have options, because no one has ever told them they do. People who are studying in top universities; they know how to find information from Harvard Business Review. A person hundreds of miles from the capital doesn’t know enough English to use Google and find that. So we are really making things simple for them, in our native Bangla – we don’t use English. We are really focusing on the bottom of the pyramid and seeing how we can give them the most useful information possible.

Women & Girls Hub: What do you say to other girls who want to get into business and are being told they can’t?

Sarker: Don’t be afraid. Once we get the courage to do it, we can do it all. My organs have nothing to do with business, so whatever a man can do, I can do that, too. But all the difference is in our mindset: that I think a man will do better than me, so I stand back. I think before breaking the other barriers, the institutional ones, and talking to other people, we have to break the barriers in ourselves.

This conversation has been edited for length and clarity.

The Word That's Hurting Female Leaders

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It's often said that actions speak louder than words, but words are often a type of action: how we define and talk about ourselves and others. So we were pleased to see Fortune's MPW Insider network take on "bossy" women (also known as women demonstrating decisiveness, authority, and other leadership qualities). Women overcome the label every day, but it would be wonderful to see the double standard disappear altogether. Read more below, and click through for the full story.

fortune.com - There are many barriers to female leadership: gender inequality, lack of access to necessary education, issues with work-life balance, etc. Yet, throughout my career, I have seen women overcome these barriers. I know women who care for their large families while also leading successful businesses; women who have not had the chance to attend university but have still climbed to the top of the corporate ladder. I also know women who have had the courage to assert themselves and their ideas in male-dominated spaces. How did they do it? It was the strength of their opinions, courage, desire to achieve equality, ambitions, and so much more. So, what if at the end of the day the real barrier was… ourselves?

Recently, I’ve been teaching women that in order to become a leader, performance is critical. But there is more to it than that: in order to be a successful leader, you need to engage, provide direction, and show self-confidence. Unfortunately, research has shown that these leadership attributes are positively correlated with likability for men and negativity for women. In other words, a man will likely come across as “decisive,” while a woman will be seen as “bossy”.

Read the rest here.