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.