What Entrepreneurs Can Learn From Women Entrepreneurs
When you hear the word "Mogul" – what comes to mind? You probably think of Bill Gates, Jeff Bezos, and Mark Zuckerberg. Though most Billionaires are men, there are women too. As of 2022, Oprah Winfrey, Rihanna, and Kim Kardashian are billionaires with growing empires.
Although women are marginalized in politics and business, statistics have found that women are the best business leaders. For example, a 2015 study published by the University of California, Davis revealed that big California companies with at least some women at the top performed considerably better than ones with primarily male boards and executives. The same held true on a global scale.
Here are three skills women master that you can learn from:
Diplomacy - Women are considered very emotional employees and leaders, which is regarded as weak. However, research has shown that women are better at diplomacy despite what stereotypes have illustrated. In addition, women bosses are fairer than their male counterparts when making critical decisions in the company. A 2014 study by the International Journal of Business Governance and Ethics found that women leaders involved others in the decision-making process, and companies with female board members were more successful, reports The Daily Telegraph. In a 2019 study called Women in Business and Management: The business case for change, this remained true that companies with women in senior leadership did better financially.
Team Building – Women can assemble, mobilize and rally collaborative and engaging work teams. In "State of the American Manager: Analytics and Advice for Leaders," Gallup reports that employees who work for a female manager in the U.S. are more engaged, on average than those who work for a male manager. However, only one in three (33%) working Americans say they currently have a female boss.
Better Listeners - Women are better listeners than men, and this is the most critical skill for managing employees and customers. According to Dr. Susan Sherwood, it is because women are more discussion-oriented and men are action-oriented. As a result, men communicate through activities rather than conversations.
There are countless traits that men and women can learn from each other. The key is to be receptive to each other’s strengths and remember that regardless of your gender, success is universal.