On the Brink

Are you ready to play a role in the future of women?

Now you can. A great opportunity is before you. I would like to personally invite you to join me and a powerhouse lineup of thought leaders, corporate leaders and entrepreneurs at the Women Business Collaborative (WBC) third Annual Summit: Empowering Through Gender and Diversity.

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I've been interviewed a lot lately! Happily, they've all focused on the topics I love sharing about: my new book, Rethink: Smashing the Myths of Women in Business, the challenges women and minorities face in the workplace, Blue Ocean Strategy, female entrepreneurs, the Simon Initiative, culture change, and of course, anthropology. So is there an underlying theme to these articles, which I share below? Yes. I would have to say that it is time to make change your friend. We've been through a pandemic. Millions have lost their jobs and businesses and are now trying to imagine what's next. Women are fed up with bumping into old myths that tell them what they can and can't do. New markets are being opened up by clever entrepreneurs looking for unmet needs. In short, change is all around us, and it's not slowing down. Time to embrace it, not flee from it!

I was recently a guest speaker on the Entrepreneur MBA podcast with Stephen Halasnik, and what we talked about was really significant. Yes, we discussed my new book, Rethink: Smashing the Myths of Women in Business, but we also delved into how the old ways of viewing gender and diversity are changing, not just for today but for generations to come. Stephen asked some great questions about the challenges women and minorities face in the workplace, and what businesses must do to change that negative environment so that inclusion becomes more than just a momentary catchphrase. I include below the press release about our podcast. To listen to our conversation, click here. My hope is that discussions like these will cause us all to think about what we can do to make workplaces, and society at large, less ex-clusive and more in-clusive. Enjoy.

"If the Golden Rule is to treat people as you want to be treated, the Platinum Rule is to treat people as they want to be treated. If you're truly a global citizen, you have to practice the Platinum Rule."  - Denise Meagles

Yesterday was International Women's Day, and the month of March is Women's History Month. How should we mark these two events? How do we adequately honor and celebrate all of the incredible things women have accomplished throughout history, their contributions to human civilization and culture and progress? It's a tall order. 

But a different way of looking at this is to ask, why do we need an International Women's Day and a Women's History Month? Is it because in spite of all our smashing of myths and shattering of glass ceilings, women are still not equal to men? Women of color are even more unequal.

At our Rethink with Andi Simon Roundtable which met today, we discussed this and a lot more. I'd like to share with you some of the ideas that were put forth because hopefully they can help us understand how to make the world better, for women, for men, for all of us. Enjoy and please share.

Ah, these are interesting times, aren't they? During the coronavirus pandemic, some world leaders have risen to the enormous challenge of steering their country through lockdowns, quarantines, plummeting economies, mass sickness and death, and civil unrest. They have been level-headed, resolute and inspiring. Others, sadly, have sputtered or utterly failed. And who, by and large, have occupied that first group? Women.

Angela Merkel, Chancellor of Germany, Jacinda Ardern, Prime Minister of New Zealand, and Tsai Ing-Wen, President of Taiwan, are just some examples of women leaders around the world who have managed their countries' response to the pandemic far better than their male counterparts, and as a result, their countries have fared better. This is the subject of a recent article I wrote for Irish Tech News, which you can read here.

Are you ready for some distressing news? According to Axios.com, more than 25% of women recently surveyed by McKinsey & Company and Lean In reported that they are considering "downshifting their careers or leaving the workforce entirely, as the coronavirus pandemic has intensified challenges many already faced at work." The survey questioned over 40,000 women in 317 companies in the U.S. and Canada. This is an "emergency for corporate America," the report declares. You can read the results of the survey here. The graph below from Axios Visuals powerfully illustrates the plummeting participation rate of women in the U.S. labor force.

Women are smart. Women are capable. Women make great leaders. So why are only 4.9% of Fortune 500 CEOs and 2% of S&P 500 CEOs women? Could it be because of the outdated, erroneous myths that surround both men and women when it comes to taking charge? This is the basis of my discussion in a recent article in IntelligentHQ where I argue that despite enormous strides in business, government and many other areas, women often don’t get the respect men do for their leadership abilities, even when they can point to greater accomplishments. You can read the article here.

This gender disparity is also the focus of my new book, Rethink: Smashing the Myths of Women in Business in which I chronicle a number of women who have spoken out, broken through, and redefined what society has always told them was true about their capabilities.

Reading the recent Forbes article, “Do Women Make Better Leaders In A Pandemic? Don’t Trust The Data…….,” I was reminded of my Anthropology 101 professor telling us that “data does not exist.” In other words, out-of-context data points have no meaning. 

Our brains have a fascinating ability to only see what we want to see

I.e., only those truths that support our own story of reality, which has little to do with evidence-based research or “factually supported” data. Furthermore, since we are usually the hero in our story, we keep searching for data that makes us feel secure and certain of what to expect.

For many of us, it should come as no surprise that female entrepreneurs make up the fastest-growing segment of business owners, not only in the U.S. but around the world. As the Global Entrepreneurship Monitor Women’s Entrepreneurship 2016/2017 Report states, "Female entrepreneurship continues on an upward trend globally. Latest research shows that women’s entrepreneurial activity is up 10%, closing the gender gap by 5% since 2014. In the past year, 163 million women were starting businesses across 74 economies worldwide, while 111 million were running established businesses." Moreover, women now control over $20 trillion in annual global consumer spending, and that number is expected to rise by an additional $10 trillion in the next several years.

Did you know that women entrepreneurs represent the fastest-growing segment of business owners in most countries of the developed world, including the U.S.? In fact, according to the Women’s Entrepreneurship Report, 63 of the 74 featured economies have experienced a 10% increase in overall female total entrepreneurial activity. Women control over $20 trillion in annual consumer spending across the world, and that figure is expected to rise by another $10 trillion in the coming years.

Yet in spite of this substantial worldwide growth, women do not get the necessary recognition they deserve. Below, I showcase three women entrepreneurs who went from zero to hero and in the process, made a name for themselves in the male-dominated world of business. Their stories highlight how woman-powered leadership can lead to highly innovative solutions that benefit everyone in the company, as well as their customers. 

Read how they are doing things for others, leveraging their ideas and creating big solutions to serious problems.