In light of international women’s month, we’ll be talking about women in power. Some of the topics I’ll be touching on will include:
- The most powerful women according to Forbes 2022
- Why women in leadership positions matter
- I’ll include a couple of women owned businesses
Why Women In Leadership Positions Matter
Firstly, I don’t want men to think that they do not have a place in business. They do. Men bring things to the table that women don’t. However, in the past women were severed from positions of power and in some countries women are still not allowed certain provisions like education or even a career.
Let’s look at some of the reasons women in power or leadership positions are important. The Global Strategy Group made the following claims when they had a study done of 1011 participants:
a lack of representation of women in power
The study found that women hold only 4% of leadership positions in Fortune 500 companies. This means that there is not enough female representation in leadership positions.
24% Of individuals claim that there are no women in leadership positions within their respective companies. While 34% of participants claim that their workplace places high priority in having women in power positions.
A staggering 96% of participants said that women and men are equally qualified to lead businesses. So why then the 10% discrepancy between those that actually have leadership positions and companies claiming to place a high priority on women in power positions? This means that not enough is being done.
preconceived ideas of the female role is what’s holding women back
Over 90% of participants said that certain traditions and cultural expectations contribute (somewhat) to the lack of female representation in higher positions.
Women are still being seen as placing family over career and 78% claim that women are less effective leaders than their male counterparts. A couple of other barriers that women face are:
- a lack of support from mentors when it comes to securing top positions and / or career advancement
- there’s a lack of access to certain connections that are available to men which help with career development
A positive impact on workplace policies are seen when there are women in power
Some of the significant positive impacts that have been noted when women are placed in leadership positions include:
- a reduction in pay gap between men and women in the same position
- workplace policies are adjusted to benefit both men and women
- it attracts a more diverse workforce
Most Powerful Women According to Forbes 2022
According to the December 2022 Forbes article, the following was determined:
“The list was determined by four main metrics: money, media, impact and spheres of influence. For political leaders, we weighed gross domestic products and populations; for corporate leaders, revenues and employee counts; and media mentions and reach of all. The result is a collection of women who are fighting the status quo.”
The list includes the following women in power:
FALGUNI NAYAR (89)
In 2012, Nayar ender her career as investment banker and invested $2 million of her savings to launch Nykaa. Nykaa is a beauty and retail company. In 2021 the company went public and she became the richest self-made woman in India.
TSAI ING-WEN (17)
Ing-wen is the first female, unmarried, to become the leader of Taiwan in 2016. She has vowed to make Taiwan and indispensable member of the world. Ing-wen did this through introducing initiatives in green energy and biotech. She was reelected in 2020 and continues to serve as Taiwan’s president.
SUSAN WOJCICKI (23)
From 2014 until February 2023, Wojcicki served as the CEO of Alphabet. She is currently serving an advisory role to Google and Alphabet. Hired in 1999 by Google, Wojcicki worked on AdSense, Google Analytics, Google Books and Google Images just to name a few.
JANET YELLEN (33)
A woman of firsts, Yellen was the first woman to hold the position of chair of the Federal Reserve in 2014. She’s the only woman in U.S history to the the U.S Treasury, the president’s Council of Economic Advisers and the Federal Reserve. She is also the first woman to be named the U.S Treasury Secretary in 2021.
A FEW OTHER NAMES ON THE TOP 100 LIST AS RATED BY FORBES
- Kamala Harris (3)
- Oprah Winfrey (24)
- Hana Al Rostamani from the UAE (60)
- Rihanna (73)
- Mary Meeker (75)
- Taylor Swift (79)
- Beyoncé Knowles (80)
- Reese Witherspoon (86)
- Shonda Rhimes (93)
Women-Owned Businesses
- Darlyng & Co. This is a black-owned site that takes the guesswork out of picking the right products for your little one. It includes everything from clothing, blankets, toothpaste, bottles and other necessities.
- Mented Cosmetics. Hard to find a good nude lip color? Look no further. This is one of questions that sparked the idea for Mented Cosmetics. They believe that all women should be able to find themselves in a world of beauty regardless of skin tone.
- LivSo. These products are expertly crafted and formulated from natural ingredients. The range includes skincare and haircare products.
For more female-owned businesses, please check out this article. All products available on Amazon.com.
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