![]() ![]() They report that firms that have no women on their senior management team are 15% less profitable that those in which women make up 30% of executives, while this lack of gender diversity emerges as the principal factor affecting business performance. A similar position is taken by Noland and Moran (2016) in a recent study. The second is more optimistic-and more egalitarian-in that it emphasizes the decisive influence that a woman can have in the couple, and emphasizes the primacy of the conjugal partnership in value creation. Her destiny lies in sacrificing her own success for the success of her husband. The first, which gives least credit to the woman, sees her role as that or “the wife of” someone. This urban legend can be analyzed from two angles. Footnote 1 Moreover, we should not forget that it was Michelle Obama who encouraged her hitherto uninterested husband to enter politics, and who, following her success in studying law at Harvard, gave up a promising career to support him. President Obama says, “If you had married him, you would be running this charming little restaurant”, to which Michelle replies, “No, if I had married him, he would be President of the United States!” ( ).Īlthough apocryphal, the story is a pertinent illustration of how women can exert their influence from behind the scenes, and tends to confirm the popular adage “behind every great/successful man there stands a woman”. She explains that he is a former boyfriend with whom she had a romantic relationship as a teenager. When his wife returns, President Obama asks what the conversation was about. The presidential couple agrees and Michelle talks to the owner. ![]() Once seated, the restaurant owner asks the President’s security team if he could speak to the First Lady in private. One evening, President Obama and his wife Michelle decide to go out for a casual dinner in a modest restaurant. This article is published as part as part of a collection on the role of women in management and business. These results can be generalized and shed light on the role of women in other entrepreneurial and social contexts. Moreover, it increases satisfaction and a feeling of equality between the partners. The distribution of power reduces opposition costs between partners and the social costs of non-compliance, and improves the clarity of the entrepreneurial structure. ![]() This theoretical article highlights the role of women in the copreneurial context by distinguishing between formal and informal power- the latter being primarily held by women, but which is no less influential. Copreneurs are couples who run a business together. However, there is one type of family governance that formally acknowledges the man/woman combination: the copreneurial company. Family business research attributes this situation to a lack of recognition given to the (decisive) role of women in these organizations. Despite the gradual recognition of strategic issues related to the integration of women into the economy, female entrepreneurship continues to receive little attention. ![]()
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