Why the world needs women entrepreneurs

Why the world needs women entrepreneurs

In line with the UAE's gender balance agenda, women make up 50 percent of the UAE Parliament and nearly one-third of the UAE Cabinet – almost on par with that of the UK government and higher than most countries. The UAE's effort to achieve gender balance is inspiring many corporates as well as educational institutions to reduce the gender gap in their boardrooms and classrooms, respectively.

However, we still have a long way to go as most local and global companies in the UAE and elsewhere lack female representation in leadership roles as intrapreneurs, i.e. innovators and change-makers with entrepreneurial spirit within organisations, which leaves female talent in the GCC underused.

Women make great entrepreneurs too

Women bring different perspectives to business and business leadership, and provide a high degree of empathy. Understanding the thoughts and feelings of others properly, women turn out to be great solution providers. They admire reciprocal relationships, and many are more collaborative in their approach.

The Global Entrepreneurship Monitor (GEM) 2019/2020 Global Report3 has an interesting finding about motivation and purpose between men and women. Men tend to be more financially motivated in their objectives and also more likely to be the ones continuing the family business than women.