Women Identify Best-Management Practices

When female business owners were asked what, if anything, they had chosen to do differently from their former employers, four items topped the list:

  • A greater concern for employees' needs.
  • A more open, team-management style.
  • A more informal and less bureaucratic style.
  • An effort to show more value and respect for their employees.

The women surveyed were members of The Committee of 200, an organization of women who own companies with annual revenues of more than $10 million. Other employer-friendly practices women business owners use with more frequency: flexible schedules, soliciting suggestions from employees, greater understanding about needed time off, and more autonomy and freedom for employees. For more information on The Committee of 200, call 312-751-3477.

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