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Women in Business

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Wednesday, October 19, 2022

The third week of October is National Businesswomen’s Week.

National Businesswomen's Week celebrates the accomplishments of women in business and examines how things have changed over the years. There is still a long way to go for women to be recognized in business requisite with their talents.

Studies show that women are still paid 17 percent less than men doing the same job. They are not considered to be on par with male workers when it comes to paying, and they don’t get the recognition they deserve. However, there is evidence to support that women are not only holding their own but outperforming their male counterparts when it comes to leadership.

Businesses owned by women generate nearly $1.8 trillion in sales. Women own 40 percent of all privately-owned companies. These companies employ almost 9 million people putting food on the table for millions of families and making a massive difference to our country's economy. Their contributions should not go unnoticed.

The COVID-19 pandemic was a very telling period. In terms of crisis, it seems that women have more fortitude and ability to deal with tough times than men. For example, one study found that outcomes related to the COVID-19 virus were better in countries that were led by women this includes the total number of cases as well as oval deaths another study researched governors of all the states in America and found that states that were led by women had lower fatality rates.

A study found that women-owned businesses were able to navigate the pitfalls and troubles presented by the COVID-19 pandemic better than men. Out of the 19 leadership competency qualifications for leadership effectiveness, women rated more positively on 13 of them than men did.

Women’s competencies are strategically significant in business because they seem to take more initiative, they have better learning agility, and they inspire and motivate others. The fact that they develop other team members and build relationships more than men, as well as being able to communicate powerfully, means they can generate collaboration and teamwork.

In many respects, they are better leaders and great assets to any business. They strive for results, and they make decisions quickly and effectively.

Women tend to innovate when solving problems. Analyzing issues has become second nature to women and they figure out a way to get things done.

Men tend to find these sorts of challenges difficult. Whilst men trump women on technical and professional expertise on some levels, every other leadership quality is being led by women in America today.


IMPORTANT DISCLOSURES

Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. 

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC

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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Lawrenceville, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 800-367-3000 Visit our website: www.davidlerner.com

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