Why The Global Business World Need More Women In Top Management?

Are you planning to become a successful business woman? But do you have what it takes? The fact is the business world is primarily dominated by men globally, but if you have the right postgraduate diploma and skills you can also become a prominent business leader. In fact studies reveal that companies with women in top management positions make more money than the ones managed by men. Keep reading to learn more about how you can become a successful woman entrepreneur.... 

How Opportunities For Women Are Growing

 

A new study has found that the number of women working in middle and senior management roles worldwide has increased significantly in the past 20 years. However, it was observed that women are underrepresented in prominent management roles even today. Although the pace has been slow, but there is notable progress in bringing more women into leadership. The International Labour Organization (ILO) said that at this current pace, it will take another 100 years to achieve parity between men and women managers. 

The ILO Bureau for Employers’ Activities compiled data from different parts of the globe to create the latest global perspective on women in the corporate world. The report titled “Women in Business and Management: Gaining Momentum” has ranked different nations on women in management and female board representation. 

Director of the ILO Bureau for Employers’ Activities, Deborah France-Massin, said “Our research is showing that women’s ever increasing participation in the labour market has been the biggest engine of global growth and competitiveness.” She added “An increasing number of studies are also demonstrating positive links between women’s participation in top decision making teams and structures and business performance.

But there is a long way to go before we achieve true gender equality in the workplace, especially when it comes to top management positions...Unless action is taken, it could take 100 to 200 years to achieve parity at the top.

Dearth Of Women At Top Management

 

The ILO study revealed that now there are more women managers and businesswomen than ever before, but a lack of women at top management still remains. Among the 108 countries that were surveyed by the ILO, in 80 nations the proportion of female managers has grown significantly in the past 20 years. However, only 5 per cent of CEOs in leading organisations around the world are women. The study said it was less likely that a woman would lead a business if the company was larger. 

Women Boost Business Performance

 

The International Labour Organization (ILO) also found that having more women managers at the top positions can actually benefit the bottom line. It said that there may not be any direct link and most businesses that have women on top tend to invest technology, innovation and research. However, The ILO added that many significant studies have shown that the participation of women in the decision-making process helps in boosting business outcomes. 

For instance, a study from McKinsey & Company found that European-listed companies with more women managers had 17 per cent higher stock price increase from 2005 to 2007. Moreover the average operating profit of these organisations was nearly twice the industry average. The ILO study added that now women manage and own over 30 per cent of all businesses, from small companies to medium and large enterprises. 

It stated “They represent around 24% of all employers in all regions except the Middle East and North Africa (MENA) where they are around 6%.” 

Can You Become A Successful Woman Manager?

 

Of course you can! If you have the required determination, skills and education, you can also climb up the corporate ladder to top management positions. If you ask me, apart from gaining relevant work experience, earning an accredited level 7 diploma in management will help you take advantage of excellent career opportunities and leave your mark as a businesswoman in the world of men. 

By pursuing a level 7 postgraduate diploma in management online you will learn about different aspects of business management like information systems, finance, human resource, marketing etc. An online management diploma will allow you to pursue your studies and concentrate at work at the same time. 

Moreover, you will be able to access study material easily from your smartphone, tablet or laptop. As you will gain a solid knowledge about your industry and business in general, you will improve your chances of becoming a woman manager and succeed in the highly competitive business world. 

What Are You Waiting For?

 

As a woman in the corporate world, you will surely face a lot of hurdles and obstacles. Your online qualification will enable you to hone your skills and gain required knowledge which will enable you to boost your career. 

Do you have what it takes to be a woman manager?? Share your views and opinions in the comments section below. We would love to hear from you.

Is There a Need for Entrepreneurship in Today’s Education?

 

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Most graduates are now deciding to become entrepreneurs and start their own business as a result of the recent global recession and the current economic conditions. It’s important that they acquire relevant skills and knowledge by pursuing higher education courses like postgraduate diploma in business which will help them to face the challenges of the corporate world. Hence, it is about time that entrepreneurship is incorporated into modern education so that our aspiring entrepreneurs can have an edge in the intensely competitive marketplace.

When it comes to graduation, 2 basic questions come to our minds:

• Can a college degree help you in your career?
• After your graduation, will you earn more than a person without a degree?

You can find numerous articles and news online based on these two questions even though the answer to these questions is yes. However, the real question we need to ask is “Will a college degree teach you value creation?” Unfortunately, the answer is no.

What Do You Mean By Value Creation?

Value creation refers to providing the required skills and abilities to our graduates so that they can innovate, develop and create employment. It means empowering you to contribute significantly to the global economic development. And how can we do that? The best way is to develop postgraduate diploma programmes that will train our grads to become entrepreneurs and enable them to create value for overall growth.

Can College Education Teach Entrepreneurship?

As I mentioned earlier, most of our young populace are now more interested in taking an entrepreneurial approach to build their careers. But sadly, our education system is not sufficient to provide them the training they need.

The data from the Annual 2014 Youth Entrepreneurship Study by Buzz Marketing Group and YEC shows that around 81 per cent of youths, who do not own a business currently, are determined to become self-employed in the near future due to the recent changes in the economy. Moreover, 87 per cent of youths want to become entrepreneurs. The study also found that 62 per cent of our graduates did not receive any entrepreneurship classes during their college; and among them, a further 62 per cent believed such classes were insufficient.

This clearly shows the urgent need for improving our education system so that we can empower our youths with relevant knowledge related to entrepreneurship, and not just business management.

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So What Should Be Done?
  
I believe these following strategic suggestions will make sure that your college degree is worthwhile and helps you to become business leaders in future –

Recognising Entrepreneurship

The first and most important thing is that the present education system must recognise Entrepreneurship as a key area and must incorporate it into the curriculum. We need to start training our future leaders from K-12 level, instead of waiting for college. It is not necessary to teach our youths about value creation only when they start attending college. Our schools must focus on offering high quality experiential learning in entrepreneurship, work readiness and financial literacy. This will enable you to apply the skills and knowledge you learned in K-12 in real life scenarios and help you to understand the threats and opportunities.

Communication Between Business Leaders and Colleges

Colleges and Universities should take the support of reputed entrepreneurs and business leaders to develop opportunities for internship and apprenticeship, mentoring graduate students, and support our graduates to find their desired jobs and help their communities. These will particularly help students pursuing undergraduate business degrees, MBAs and online postgraduate diploma in business. They will receive the necessary training to solve current and practical challenges faced by their own companies.

Incorporating Entrepreneurship in Curriculum

According to the Annual 2014 Youth Entrepreneurship Study, almost 37 of the students said they would either work freelance or become entrepreneurs, if they remained unemployed. In contrast, only 21 per cent of respondents said they would make the most of any job opportunity they get; while 19 per cent claimed they might pursue further education.

Here come the importance and necessity of factoring entrepreneurship in education. If our students are not trained in starting their own ventures or making a successful freelance career, then our education system will failed. Irrelevant of your specialisation, your degree or diploma programme must incorporate experiential learning. This will make sure that you are able to successfully apply your knowledge in today’s fast-paced, high-tech and rapidly transforming world.

So What Can You Do? Go Online.

You can find various online and blended learning programmes offered by numerous reputed colleges that focus on experiential learning. An online postgraduate diploma in business programme will help you to learn the necessary skills and enable you to by apply them in your workplace at the same time. Online institutes offer various programmes that will cater to your business and entrepreneurial needs. You will acquire comprehensive knowledge as online postgraduate diploma in business courses will teach you both the core and advanced concepts of entrepreneurship. You will have the flexibility to study and work on your start up company by applying what you have learnt immediately.

In this present scenario, it has become imperative that education leaders consult with business leaders when developing the core curriculum for different programmes, be it on-campus or online. Our education system needs to create educated and competent graduates who can not only create value but help to build a sustainable and growing economy.

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Experiential Learning - The Need of The Hour

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Have you heard of the old Chinese saying “Tell me and I will forget. Show me and I may remember. Involve me and I will understand”? 

With the increasing rates of the Federal Stafford loan for graduate students and increasing global competition in the job market, pursuing higher education like Postgraduate Diploma in Business has become both more challenging and important. The fact is having a college degree is the basic requirement even for getting the lowest-level jobs. Online education programmes like MOOCs, online postgraduate diploma and other programmes are striving to put back the deteriorating system together. Moreover, various reputed and established organisations like Experience Institute, Enstitute and Watson University are looking forward to develop an all new learning system with personal development and experiential learning.

Need for More Experience 

According to a recent study by the Pew Research Center, more experience in the current education system is required. Furthermore a post in The Atlantic reports that almost one third of college graduates in Education, Liberal Arts or Social Science regret their choice. But the most popular reason was not the choice of their majors. More than 50 per cent of the students declared that getting more relevant work experience would have been more beneficial for them. Thus it shows the need and demand for incorporating experiential learning or learning from experience into the educational programmes.

What is Experiential Learning?

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Learning from direct experiences beyond the conventional classrooms and developing skills and values forms the basis of experiential learning. It is an academic attitude which involves the process of informing different methods through which teachers decisively engage with students in direct experience with the content in an enhanced learning environment. It also involves focused reflection which results in developing necessary skills, gaining relevant knowledge, clarifying values and improving one’s ability to add value to the community. Experiential learning includes a number of activities such as study abroad, undergraduate research, service learning, internships and other types of work experiences.

It is obvious that not all students can learn effectively in a traditional classroom setting. The students at Experience Institute (Ei) are encouraged to accept 3 apprenticeships/projects while they complete the 5 modules in the curriculum that have been particularly developed for this programme. The one year course provides an affordable graduate experience to its students.

Experiential Learning in Business Education 

In an effort to build better business leaders and managers, business schools and universities are adapting new learning methodologies in order to meet the expectations of the employers and students. Hence, most Fast Track MBA, Accounting and Business Management programmes have effectively included experiential learning into the curriculum due to its increasing importance.

One of the main aspects of business education is applying what you have learnt in real business environments. By teaching in real corporate world context, current MBA, Postgraduate Diploma in Management and other business degree programmes aim to equip the learners with the skills and abilities that will enable them to face the daily challenges and become a successful business leader. Thus, it has been observed that this has lead to enormous enrolment in online postgraduate diploma courses that facilitate them to stay abreast in this highly competitive corporate world.

Scope of Experiential Learning 

Experiential learning aims to make a long term effect on the students by putting them outside the comfort zone and making them to get engaged and reflect on a specific topic or subject matter.

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According to Victor Saad, author of The Leap Year Project: Learning to Risk & Risking to Learn, “Young people need to continue building their confidence and agency. They must learn how to work towards solutions on problems that are not yet clearly defined. This entails learning how to listen, how to empathize with others, and how to use empathy to solve problems in any context from a creative and holistic standpoint.”

He believes that “Society will place a similar value on experiential education as they do now on the traditional degree." Although federal loans presently do not recognise experiential education programmes, but soon things will start changing as different educational institutes are including this approach in their teaching process.