New research from Boston Consulting Group (BCG) found that if female entrepreneurs received as much support as male entrepreneurs, the global economy could experience up to a $5 trillion boost.
It is well-documented that women-led businesses are underfunded, with data revealing that in 2017 only 2.2% of venture capital (VC) funding going to women-led companies. Women received only $1.9 billion in funding compared to the $83.1 billion that men received. In addition, research found that only 2% of female-led businesses earn $1 million or more in revenue. Research has also determined that women-led businesses experience more positive outcomes and even outperform their peers. Given all the potential benefits that accompany female-led businesses, it’s imperative to uncover impediments to their growth. What are the causes of these barriers and how can they be overcome so that women-led businesses experience more support and success, thus stimulating the global economy?
By: Janice Gassam
Neurodiversity is a fast-growing category of organizational diversity and inclusion that employers and managers need to be aware of in order to embrace and maximize the talents of people who think differently. Sam Bevan, director of emerging at Snapchat, joins Stephen Frost, CEO of Included to discuss inclusion of neurodiverse employees at work.
All signs point to an uptick in “femtech,” the all-purpose term that is applied to technology dealing with women’s health. More money is being invested in the sector, more enterprises are emerging, and there is, finally, a greater awareness of women’s healthcare needs.
Existing research has shown that moving up the socioeconomic ladder is becoming more difficult, and class bias has been shown to impact lifetime earnings. Few studies have investigated the workplace experience of those from different socioeconomic backgrounds. To fill this knowledge gap, the authors conducted a study on first-generation professionals (FGPs). Here’s what they learned about FGPs and what company leaders can do to support them.