The Maverick Entrepreneur™ Series

 

Are Certain Types of Businesses Harder for Women to Break Into?
by STC Staff Writer

One of the most popular slogans of the women’s liberation movement of the 1970s was, “You’ve come a long way, baby.” Fast forward to the present day and that might hold true in some businesses, but there are some which seem to maintain a closed-door policy and a glass ceiling that women are still battering themselves against more than 40 years later.

Technology

The most obvious types of businesses that are harder for women to break into are tech-related. Tech seems more of a boy’s club than an industry in which women can achieve equality. While a recent report from Pew Research has shown that the majority of Americans think women are just as capable in terms of leadership as men, very few women hold positions as CEOs in general (only 26 out of the Fortune 500 companies), and women as leaders in tech companies are even rarer.

The skewing seems to start at a young age, with schools encouraging boys in math and science and girls in softer subjects like liberal arts. This bias continues in high school and the trend is maintained at the college level as well, with very few women majoring in computer science or technology. An “old boy network” shuts them out still further.

On a side note, just watch Meg Ryan’s performance of the “Big O” in the film, “When Harry Met Salley,” and tell us who was in control of “THAT” Situation! That’s proof-positive that “You’ve come a long way, baby!” The “Delicate sex” has a LOT more power than given credit for. And the business world is no exception.

Thanks to one of our readers, Marnie, suggesting the following, I’m Suggesting you Review this GREAT brief article at the Maryville University website entitled:

A Guide to Women in Business

https://online.maryville.edu/online-masters-degrees/business-administration/guide-women-business/

Here’s the initial paragraph of their article:

Women are a force to be reckoned with in the business world and the reach and influence of women in business is growing with every generation. They continue to break down the barriers that have kept past generations from joining and enjoying the workforce, but there are still many hurdles to overcome, including the right to equal pay and acceptable workplace standards of propriety and respect towards women in all industries. Take control of your career as a woman entrepreneur using the online resources provided below. Learn more, innovate more, and succeed more.

Financial Corporations

In financial institutions, women seem to have to do more to prove themselves than men and to have to keep on doing it over and over again. They often work harder, for one-third lower wages, and are held to a higher standard than men. Even if they try to make a real difference, this can often be held against them.

In a recent opinion piece published in the New York Times, studied showed that if a male executive expressed their ideas freely, they got a 10% better competence rating in their annual review. By contrast, if a woman did the same, they received a 14% lower rating. If a man and woman both express the same idea, the man gets a higher performance rating, while the women stays the same.

Other Big Businesses

Studies have also shown a “motherhood penalty” and a “fatherhood bonus.” Women with children are seen as less committed to their job than men. If a man is a father, however, he is actually seen as more committed. Factors such as the majority of childcare burden resting on the mother’s shoulders are never taken into account. Fathers are actually sent on more management training courses than single men, who in turn are sent far more often than women.

Start-Ups

Start-ups also tend to be “old boy networks” that shut out women except for the more subordinate tasks, even though studies have shown that start-ups led by women are more likely to succeed and innovative firms with women at the head are more profitable.

New companies with more gender diversity have more revenue, customers, market share and profits. This demonstrates that while there is still a glass ceiling in some businesses, there is also room for women to bring their skills and talents to play. In this way, they can build stronger companies by daring to be entrepreneurial and to support each other with an “old girl network” that can open more doors for women.

If you are interested in additional information as outlined in this article, need assistance in applying this information, or just want more resources, contact us for FREE (no obligation) and we will do our best to accommodate you. 

CLICK HERE for the “ASK MAVERICK” form to contact us with your questions.

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