Despite the mountain of evidence from reputable organizations worldwide demonstrating the return on investment of promoting women to leadership positions, many companies remain in a time warp, continuing to pay lip service to equality and gender diversity. A report, called the Bridging the Gender Gap in Venture Capital, done by Babson College based in Wellesley, MA, found that in venture capital circles, women lose out. The report, released last month, found that only 2.7 percent of the 6,517 companies in the United States that received venture capital funding between 2011 and 2013 were headed by a woman. And those companies only received 3 percent or $1.5-billion of the total $50.8-billion invested during that timeframe. How does one explain the fact that highly educated people who profess to understand the business case for women still don’t get it? My recent encounters with several clients seeking to shift the gender imbalance within…
Women in Stem; What’s the Big Deal?
Maria is a successful businesswoman from Mexico who had always wanted to gain education and pursue a career in any of the science related fields, but never had the opportunity because her late father believed that a woman’s role is limited to the home. However, Maria vowed to ensure that her daughters must live up to this dream. But one day, she asked her 9-year-old daughter what she wanted to become when she grows up, and she quickly answered that she wants to be a writer or a teacher. She then asked her 7-year-old son the same question, and he proudly said that he wants to be a scientist or an engineer. These answers made a whole lot of sense considering that her daughter loves reading books and taking care of her American Girl doll while her son enjoys looking up science experiments and making Coke bottles explode with Mentos.…
Women Entrepreneurs are Still Faced with Undercapitalization and Gender Bias
“I think you should focus on your role as a wife and mother.” Those were the words Beatrice received from a bank manager while bidding for a loan to start up a business. She had walked home unhappy under the scorching sun, again – she had been turned down by the bank who refused to give her a loan to start up her business. Each time Beatrice visits the bank, it turned out to be a bad day for her, they give her one hundred and one reasons why they think her business will never succeed. On this particular day she asked to see the bank manager who had conversed with her, and bluntly told her “we usually do not invest in women-owned businesses because we don’t think that they could sustain the pressure of growing a business, I think you should focus on your role as a wife and…
Each Time She Runs for Office – this is what she’s up against
Author: Meghan Werft Gender Bias. Child care. “Old Boys Clubs.” These are just some of the patriarchal roadblocks women face to entering the male-dominated field of politics. There are over 500,000 elected government positions in the US. For those to be equally represented between genders, experts estimate it could take anywhere between 100-500 years. Women hold 19.6% of elected seats in the US Congress, and 20% in the Senate according to a study from Rutgers University Center for American Women and Politics. This number increases to 24% for state legislator positions but is still nowhere near gender parity. Meanwhile, women are six times more likely than men to report being responsible for managing household chores, and a whopping 15 times more likely to report bearing the brunt of managing care for children, according to a study from Pew Research Center. The City of New York University found that men were…
Empowering Women Is Smart Economics
NOT long ago women faced tremendous barriers as they sought opportunities that would set them on an equal footing with men. Going back a mere quarter century, inequality between women and men was widely apparent—in university classrooms, in the workplace, and even in homes. Since then, the lives of women and girls around the world have improved dramatically in many respects. In most countries—rich and developing—they are going to school more, living longer, getting better jobs, and acquiring legal rights and protections. But large gender gaps remain. Women and girls are more likely to die, relative to men and boys, in many low- and middle-income countries than their counterparts in rich countries. Women earn less and are less economically productive than men almost everywhere across the world. And women have less opportunity to shape their lives and make decisions than do men. According to the World Bank’s 2012 World Development…
The role of Women in our Economies
Equal rights for women in Work Places
By: Faridah Mugimba Kakyama
Women have fought to achieve equal rights in many parts of Africa. But like in other regions of the World, a woman’s status varies by country and region.
Africa and Time Management; Can Women champion this too?
One common trait of successful people is that they don’t waste time. They Invest time rather than spending it. Throughout the World and all history, every Greatness, every Success story, every commanded respect, all begins, is sustained or crumbles by the art of personal time management. I believe Africa is greatly despised by the Globe due to our Lack of and poor time management skills. Anyone who can’t manage his time can’t manage his own life and easily become a slave to the ones who can make use of that time properly. I guess this sadly explains why most Africans work better under other races.