The first woman CEO was appointed for a Fortune 500 company recently. The year was 1972, and the first female CEO was Katharine Graham. The industrial revolution took place between 1760 and 1840, yet it took a female to be a CEO for so long. Women have been discriminated from the last many thousand years, and they struggled for a very long time to get their rightful place in society. The male-dominated society never let her use her full potential to take a similar part in development. With time, people changed, their thinking changed, and women stood up for themselves and attained a respected place in society and many other areas. In business, women have been looked to be a secretary or an assistant, and the women in higher positions also have needed men’s reassurance in work.
In the last few decadmen’somen have shown their true potential of working and proved to be men’s equivalent. In almost all fields, women hamen’smonstrated their excellence. There are women in the army, business, marketing, etc., proving themselves as capable as men. Economic empowerment of women has increased women’s access to government programs, financial indwomen’sce, and business power. But there is still a long way to go.
The statics of 2018 show that out of Fortune 500 companies, 5 percent of companies have women CEO. Though in 2017, it was 7 percent. There are 10 percent of women entrepreneurs, 114 percent more than 20 years ago. In China, 55 percent of total entrepreneurs are women. Women have made a business place and willsiderable number soon in the coming future. Laura Rea Dickey, Chief Executive Officer (CEO) of Dickeys Barbecue Pit, is one great example of this. Here are why women are doing great in business and marking as successful businesspeople.
- Emotionally intelligent: There is a lot of interaction with people in the business. Meeting customers and understanding what they want is easier for women because they are better than men at emotional empathy. Women have an instinct to relate to people and their feelings, which gives them an advantage in building customer relations, business relations, professional relations, and relations with employees. The related thing makes them better leaders and better businesspeople. Connection and engagement with the customers always help businesses. The value that women give to relationships and the empathy that women inherently have helps them advance the industry. The natural tendency to support others helps them build trust with employees, customers, investors, etc.
- Experience in difficult situations: Women are underestimated in business by the employees, workers, suppliers, etc. They have to face many business barriers dealing with clients, customers, financiers, investors, etc., which affect the business. But women are hard-working, so they prove themselves one way or another. The innate ability to face mental and physical strain helps women face all the problems they come across in business. The patient mindset allows them to work on long-term strategies resulting in better and long-lasting outcomes.
- Multitasking abilities: Women are better than men at multitasking. The energy required for switching tasks is more in men. It is easier for women to change attention, and their brains do not require extra resources that do not need more energy, unlike men’s brains. Naturally, women can maintain multiple priorities and are also able to perform many roles at the same time.
- More realisticmen’sset: One must make big decisions and steps to succeed in business. Big decisions do not always result in a better company; sometimes, these risk-taking abilities can lead to the company’s fall. Women, on the other hand, tend to be more realistic and practical about everything naturally. They consult with others, take second guesses, etc., saving the business from falling into miscalculated risks. This being less-confidence in decision-making saves a company from disastrous results of over-confidence.
- Better mentors: Women are better at nurturing the people around them, and this enhances the success of the company, and trust of customers, and respect from employees. They have a different approach to inspiring and motivating employees, making them feel more secure and motivated. They can help the people around them in business and outside the company, and this nature helps them build stronger relations with employees proving women to be much better mentors than men.
- Not afraid to share the credit: Women are never afraid of sharing the credit when there is success in any work, and this nature makes the employees feel more valuable and helps them work harder. The nature of being truer towards the situations and open about the real conditions of business lets them serve better and truly in industry.
- Work together thinking: Women are less self-centered than men and love to work together for a common aim. Also, when they succeed, they are not afraid to share credit. They are not afraid to get input from others. Men are less likely to ask for help in any bad situation, but that does not follow women. Women are not afraid to ask for directions and guidance when lost or stuck.
- Better negotiation abilities: Negotiation means that both parties are fairly and equally getting to win, and no one is losing. The empathic nature of women allows them to be fair when it comes to negotiation. They don’t have to use intimidation or lies to win the argument or a deal. They stay true to the situation and end the negotiation on good terms for the parties.
It is fair to say that women can ddon’tter than business people. Women’s nurturing, caring, hard-working, multitasking abilities help them do better for everyone around them.