Bridging the divide: Why entrepreneurship holds the key to women's empowerment

Few societal forces have been more impactful at elevating individuals up the socio-economic ladder than entrepreneurship. Not only does it generate wealth and opportunity for individuals, but it also propels society forward - resulting in better products and services as well as accelerating economic growth and promoting social change.

Increasingly, technology is providing a way for women, in particular, to climb this socio-economic ladder by placing power in their hands.

As such, ascertaining how technology and social initiatives can be used to improve the lives of women globally is the responsibility of every leader capable of instigating change.

In this article, Genius Wong, Executive Vice President - Core and Next-Gen Connectivity Services, and Chief Technology Officer, explores the power of entrepreneurship, professional development, and how advancements in technology are assisting this.

INCLUSIVE ENTREPRENEURSHIP

The world needs every person capable and willing to be able to actively participate if we're collectively going to overcome society's larger challenges. And it's in the best interests of everyone.

According to a report, it is estimated that companies globally with three or more women in senior management functions score higher in all dimensions of organisational performance, showing just how important it is for business leaders to help drive gender equality.

FLEXIBLE WORK ENVIRONMENTS

Entrepreneurship often offers more flexible work arrangements compared to traditional corporate settings. This flexibility can be especially advantageous for women who might need to balance business responsibilities with caregiving duties or other commitments.

For instance, every organisation should have leaders asking themselves if they're doing enough to empower women. Every business needs to create and nurture networks to foster entrepreneurship among its female employees.

DIVERSE PERSPECTIVES

Entrepreneurship allows for a more diverse range of perspectives and ideas in the business landscape. Women entrepreneurs can bring unique viewpoints and solutions to various problems, leading to more innovation and well-rounded decision-making.

NETWORKING AND COLLABORATION

Through entrepreneurship, women can expand their professional networks, connect with mentors, investors, and peers, and tap into valuable resources. Networking can help women overcome isolation and gain access to opportunities that might have been previously unavailable to them.

Ending inequality and empowering women need to become a business priority for every organisation if we're going to prosper as a society and overcome the big challenges on the horizon.