THE PROBLEM: According to the Center for American Progress, women earn almost 60 percent of undergraduate degrees, 60 percent of all master’s degrees, 47 percent of law degrees and 48 percent of medical degrees. They earn more than 44 percent of master’s degrees in business and management, including 37 percent of MBAs. They are 47 percent of the U.S. labor force.
However, women still lag behind men their representation in leadership positions: They are only 14.6 percent of executive officers, 8.1 percent of top earners and 4.6 percent of Fortune 500 CEOs. What this shows is that despite the educational background and expertise they have to assume leadership positions, they are not being given the opportunity to lead. The only way to change this is to groom the young women of today and create opportunities where their likelihood of becoming a CEO or executive officer increases dramatically.
A SOLUTION: Young Woman’s Guide, by Author Yetunde Odugbesan-Omede provides advice, leadership tips, and tools for young women to live purposeful and well-rounded lives. The book features timeless topics on leadership, professional, personal and emotional development as well advice on empowering practical messages to promote good habits, cultivate positive attitudes and build self-confidence.
From my conversation with Yetunde, I gathered four tips — as well as some inspirational quotes — on what business leaders need to do, and better understand, to groom our young women leaders:
1. Identify young female employees’ passions and aid them in turning those passions into a profit machine.
2. Invest in “leadership camp.”
3. Educate young women on where to access funding opportunities.
4. Help women develop a rich network of advisors and “divine helpers.”
Read my full-lengthed article featuring tips I gathered from my interview with the power woman Yetunde, on Entrepreneur.com
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