Why are womenomics the future?

Why not let things be, the way things have always been? Well...

SNAPSHOT!

  • Today there are more female millionaires between the age of 18 and 44 than male.
  • Women is responsible for 40% of the world’s GDP!
  • Women make 80% of consumer goods purchasing decisions in the United States!
  • Women start 70% of new business start-ups in Canada!
  • Goldman Sachs established a fund named WOMEN 30 that pinpoint businesses selling to women!
  • Women have outperformed the average stock exchange over the past decade!
  • In the United States, women are 50 percent of the workplace (and 51.4 percent of managerial and professional jobs)
  • Women receive three college degrees for every two earned by men (along with 60 percent of all master’s degrees)
  • Women receive half of all law and medical degrees and 43 percent of M.B.A.’s
  • Working wives are coming close to bringing in nearly half the household income
  • Single, childless urban women under 30 actually earn 8 percent more than their male peers

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THE TALENTMASS

  • 60% of European and American university graduates are women.
  • Europe could realize 13% growth in GDP just by reducing the gender gap.
  • Companies with more women in top management will outperform those with fewer.
  • 75% of the 8 million jobs created in the EU since 2000 have been filled by women.
  • Since 2007, 51% of managers and professional staffs in the US are women

According to an OECD study it is predicted that by 2020 women will constitute

  • 68% of all gradutates in Denmark,
  • 70% in Italy,
  • 72% in the United Kingdom and
  • 76% in Sweden

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THE MARKET

Furthermore women constitute a growing proportion of the market. Which market? Any market!

It is predicted that the eurozone could increase GDP by 13%, the United States 9% and Japan a whopping 16% by tapping into the market shares that are not yet opened up!

With women's increasing levels of education, a surge and increase in earnings and professional credentials are not only likely, but a recorded fact!

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THE CORPORATE GOVERNANCE

Two organizations have delivered the first studies suggesting a link between gender balance and performance, Catalyst, the US research organisation and McKinsey & Company. Taking very different approaches to the data, they both came up with very similar results: having more women in leadership is correlated with stronger financial returns.

More gender-balanced boards tended to pay more attention to audit and risk oversight and control

  • They are more often considering the needs of more categories of stakeholders, thereby examining wider ranges of management and organizational performances.
  • 94% of boards with three or more women (compared to 58% of all-male boards) insist on conflict-of-interest guidelines
  • 72% of boards with two or more women conduct formal board performance evaluations while only 49% of all-male boards do

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THE COMPETITIVE EDGE

Financial Times: "Companies that introduce better governance fast will win a huge competitive advantage"

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Source: The Economist, Catalyst, McKinsey & Company, DR, Aftenposten, The HBR article "The Female Economy" by Michael J. Silverstein and Kate Sayre, both of Boston Consulting Group, reports how "women represent the largest market opportunity in the world", women-omics.