The survey, conducted by a professor of strategic management at the Degroote school of Business at McMaster University and a senior executive associate dean at Still University’s school of Osteopathic Medicine, showed “women are more likely to consider the rights of others and to take a more cooperative approach to decision-making.”
Women Communicate Better
Women are more effective listeners than men, “exactly the skill that is most critical for managing employees and customers,” Moltz says. In general, women are “discussion-oriented,” while men just want to take action.
“Employees want their managers to hear their point of view, and customers want everyone to empathize with their problems.” By being a good communicator, you build a stronger relationship built on trust, “which is critical to establishing loyalty.”
Women are Better at Building Consensus
Unlike men, women “don’t have the need to direct everyone in what to do.” This is an increasingly important quality, as “the traditional top-down, male-dominated authoritarian leader is being replaced by a more collaborative and connected manager.”
Effective managers lead by building collaboration “rather than straight force or all-out competition.”
Women Have Stronger Business Ethics
According to the survey findings, women “acknowledge and consider the rights of others in the pursuit of fairness.” This is an important skill for everyone, Moltz says, because operating a small business “is a minefield of ethical choices.” Owners need a strong moral code to handle challenges “which will certainly push them to their limit.”
Women are More Patient
Generally speaking, women have much more patience than men and, Moltz says, “are less likely to jump to an immediate conclusion or make a quick decision or take action too soon.”
This key attribute comes in handy when you realize successful business owners must have patience enough to take “small steps towards a specific goal.”
Women are Better at Activating Passion
Women seem instinctively more adept at building loyalty through passion. “Motivate your employees, and they’ll in turn be passionate about your product or service and company,” Moltz says.
Do you agree that women make better bosses than men?