Friday 7 October 2011

women in business

Did you know that nearly 10.4 million firms are owned by women, employing more than 12.8 million people, and generating $1.9 trillion in sales? And for the past two decades, women-owned firms have continued to grow at about two times the rate of all firms. Those are just some of the key facts presented by the Center for Women’s Business Research, a go-to source on the trends, achievements and challenges of women business owners and their enterprises. And they’re also some of the statistics that continue to inspire young female professionals (like myself) everyday.


Here at ABM, we’re proud to devote the entire month of January to women in business-to-business. Our dedicated efforts, including specialized video broadcasts, blog entries and articles, will reach their pinnacle with our inaugural Women in Business-to-Business: Real Stories, Real Successes. (Now, for the shameless plug...) This evening of inspiration on January 23rd will recognize the career achievements of an esteemed group of women, including Deirdre Bigley, VP of Worldwide Advertising & Interactive at IBM; Nina DiSesa, Chairman of McCann-Erickson New York; Mary Dolaher, CEO of IDG World Expo; Erin Moriarty, CBS News Correspondent, “48 HOURS”; Gloria Scoby, SVP and Group Publisher at Crain Communications; and Peggy Walker, President and COO of Vance Publishing Corporation.



Women in Business Mentor program



I have been both a mentoree and mentor in the NSW Department of State and Regional Development’s Women in Business Mentor program and will be a mentor in the program starting in May. It helps up-and-coming women business owners (mentorees) grow their business by linking them with experienced business people (mentors).

The Women in Business Mentor program is tailored for small business owners or operators who draw most of their income from a business, and are committed to growing the business and achieving commercial success.





Role Of Muslim Women In The Business World


In the present world the shifting role of Muslim women in their homes and in the working world provides a new market for financial institutions. In order to tap into this growing segment of the financial industry, banks need to understand the unique banking needs of this vital customer segment and implement a sound training program to best sell and service them. Through training, banks can build a knowledgeable, professional and sensitive staff that is prepared to serve women throughout the Muslim world as this market continues to grow. The recent rise in this market can be attributed to the increasing role of Muslim women in the workplace. Responsible for controlling household and family finances for decades, women have also experienced new empowerment and freedom in how they spend their money. With new opportunities for education on the rise and more and more women entering the workforce, women have become crucial target customers to the financial industry. Banks can tap into this growing market by providing banking services to their growing number of female customers and by training their sales and customer service personnel to better sell and service this important customer segment.

Today, many Muslim women have significant liquid assets, partly because of Islamic inheritance law. Islamic law dictates that a married woman’s wealth is her own; spending on the household is her husband’s responsibility. Muslim women are legally entitled to inherit and bequeath property, holding their wealth in their own names even after marriage, without obligation to contribute that wealth to their husband or their family.

Because Muslim women do not have to rely on their husbands as their only source of funds for domestic and household purchases, they have traditionally managed most aspects of household finance. Today, women throughout the Muslim world play an even more active role in the financial transactions of their families, giving them more of a say in terms of purchasing power and decision-making authority. With these responsibilities, women require banking services that both understand their needs and can help them to manage the challenges they face in making the best financial decisions for their families.




Women can also be involved in business


The inclusion of women in business has brought substantial changes in various dimensions of daily life, and possibly the most significant impact is on the family. This has also had a significant influence on the man, from his own identity to the role it plays in the home.

In the past, in the absence of women in the workplace, an overwhelming majority of men, as family providers, they exercised an undisputed leader, now widely shared and have even given his wife following changing roles. She has also become a supplier, a situation that changes the very nature of their relationship. “He (the) one who pays!” Says a popular proverb.

Unfortunately, many men feel that the money supply entitles them to control their women and legitimizes their power in the relationship. When a woman is paid and also becomes the provider of the home, changing relationship with her husband and often earns her independence.

It is also true that some men have trouble accepting that his wife was performing professionally, they believe that is a role that is up to them. There are countless cases of women who are battered by their husbands, and the impossibility of making a living, maintain unbearable situations.

Others have had better luck playing traditional roles, to meet with a sympathetic friend who loves and appreciates. As a parent of a daughter (and three children) I have no doubt that our women have to prepare thoroughly to make them happy and that includes them all the elements so they know their livelihood.


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