In the past few decades, the role of women in society has
changed drastically. Nowadays women are occupying the corporate positions which
were stereotyped as the male-dominated region. Not only are they giving
neck-to-neck competition, but also outpacing them in some of the areas. Still, there’s a long way to go.
Women constitute around 48% of the Indian population, but, the
participation in the economic activities is only 25%. According to Forbes
India, women comprise about 30% of senior corporate management positions in
India, which is relatively higher than the global average of 24%.
Some of the many reasons why we need more of Women
Entrepreneurs are:
1. Narrowing Gender gap: With Women entrepreneurs coming into the limelight, women all over the world are inspired to come up with their own
ideas. This, in turn, leads for more job creation for women, which ultimately
helps in reducing the gender gap in the workforce. If such a trend is set, then
the next generation of women is more likely to emulate their success.
2.Social Change: Increasing women entrepreneurship can bring
in a tremendous social change, making women financially empowered and
independent. This trend can boost their confidence as well as can bring
them to the platform of satisfaction and motivation through self-achievement
goals. This also brings the feeling of overall well-being to the whole family.
3.Economical change: Women entrepreneurs have a unique tendency
to build and maintain long-term relationships. They have more effective
communicational and organizational skills than their male counterparts. More
women in the workforce lead to higher economic growth and productivity. As per
a report published by Goldman Sachs “Enabling women, particularly as
entrepreneurs, benefit future generations because women tend to spend more on
their children’s education and health, which should boost productivity as
well."
4.Safety and Culture at the Workplace: Studies have shown that women-owned firms
tend to have a better company culture and transparency. Those firms tend to have
better employee relationships horizontally and vertically. The organizations
which are led by women are more sensitive towards women safety issues. Those sorts
of companies implement strict anti-harassment policies and guidelines to ensure
women safety. Also, with the growing trend of the new generation of young and confident
women, going out to work, the need for their safety calls in for the biggest
concern which just cannot be overlooked by any organization.
– Devanshu Pandey