Korn/Ferry International, in collaboration the Eugene M. Lang Center for Entrepreneurship at Columbia Business School and the Duran Group, has issued a new study entitled, What Women Want in Business: A Survey of Executives and Entrepreneurs, a landmark analysis on women executives in the U.S. who are departing the corporate world for small business and entrepreneurship opportunities. The results of our study offer surprising insight into some of the reasons why women are leaving the ranks of corporate America. Among the reasons cited are the opportunity to take risks, a seat at the decision-making table and generous compensation for their performance.
The study contradicts many of the misconceptions about why women leave traditional corporations to start or work for a small business. For example:
* Seventy-eight percent of the women in the study pointed to the opportunity to take risks with new ideas and test personal limits as the chief reason for leaving jobs with large companies to move into smaller, entrepreneurial businesses.
* The chance to make more money influenced 67 percent to move, while the ability to impact strategy was the third major reason, cited by 65 percent.
* Forty-one percent listed more time for family/personal interests as a deciding factor.
See full Study.
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