The Third Billion - Why Women Are the Next Emerging Market
This article in Strategy + Business (click above to visit) makes a strong case for considering the impact that the growing economic clout and empowerment of women around the world will have on your business over the next 10 to 20 years. So much of the "growth market" focus has been on China and India that this shift has gone largely unnoticed. Interestingly, this is not strictly an "emerging market" (geographically speaking) phenomenon, as there are millions of women in developed economies who will also see greater opportunities by 2020.
One point the article makes is that the growing economic activity of women should help to ameliorate future recessions. That is because this evolution is more widespread than typical "emerging market" conditions, making the benefits easier for a wider range of companies to enjoy. Additionally, the reduced number of children combined with more aggressive tendency of women to share the benefits of economic gains with their children mean that future generations can be lifted through this trend.
So how do you capitalize on this in your business? A few ideas:
* Consider the impact on your workforce planning - how can you make your company more attractive to women, especially in developing economies?
* Can you offer products aimed both at educating and enabling women and serving them as new consumers?
* What impact will the broader social and legal / regulatory changes that may result from the growing clout of women have on your business?

