Charles Phillips

Why Women Are the Business Leaders of the Future

More and more women are buying businesses and taking on positions of leadership. It seems that women, now more than ever, want to be their own boss. They want to not just have their own earnings, but they want to earn more. And they want to be able to pay for their own lifestyle, and make it better than ever before. Indeed, these desires are some of the most popular reasons why women become entrepreneurs and this is something Karen Phillips, wife of Charles Phillips, Infor CEO, fully supports.

The National Association of Women Business Owners (NAWBO) has stated that there were some 8.6 million women owned business in this country in 2013. These businesses employ some 7.8 million people, and generating $1.3 trillion in sales. Most interesting is the fact that these businesses seem to grow faster than others. By the end of 2013, 28.7% of all businesses in American were women owned.

Men Want to Wait, Women Go for It

The majority of male leaders are ambitious and they hope for a time when they can become even bigger. To achieve this, they often sell their businesses, buying something bigger in its place. Men wait for the right opportunity, however, as long as necessary. A woman, by contrast, is much more likely to instantly purchase new businesses, or even go back into the workforce the minute they sell their business.

Women Have Different Preferences

When comparing the preferences of men and women who want to either buy or sell their business, there are some notable differences. Women are interested in a different type of business than what men are. The most preferred industries for women owned business are salons, barber shops, beauty salons, and retail stores. Because of this, they are able to grow their business at a faster rate, and expand much quicker as well. Men, by contrast, tend to invest in large niche industries, where millions are needed for each transaction. They like the bigger things. While their growth is therefore very rapid when they do make a purchase, they don’t buy as often and therefore grow slower overall. Women, as well, are embracing the concept of online businesses.

Women Have Specific Challenges

It is undeniable that there is an increasing number of women in business. However, the environment itself remains hostile to them, and men are the ones who are favored. According to the U.S. Small Business Administration, women often don’t request funding because they know they are likely to be rejected. One of the reasons for this is because few women are educated in the STEM fields, which is specifically what investors are looking for. This is one of the reasons why Karen Phillips is engaged in philanthropic work to encourage people to enter the STEM fields as well.

Women have opportunities waiting for them. They are blurring the gender divide and are starting to be able to access the same resources and opportunities. As always, women are changing the world.

A Closer Look At The Current Business Approach By Charles Phillips

Charles Phillips is currently seen as a huge market innovator. His work has always been envied, especially because of the aggressiveness that is present on the market at the moment thanks to the work at Infor. Everything started with Charles Phillips previous role at Oracle. The acquisitions made then were huge. This is a strategy that continued at Infor and leads towards a constant growth that will most likely not stop in the near future.

Infor is quite different than the other companies that currently operate in the ERP sector, with Oracle and SAP as the main competitors. We can highlight 3 or 4 pretty significant differentiators. It is these differentiators that many see as being the reason why Charles Phillips is leading the company towards a success potential that is much higher than SAP and Oracle, although we are still a long way away at the moment.

An example of the differentiators appears in how many verticals appear or are potential. Infor and Charles Phillips is now interested in healthcare, retail, services and hospitality. We are faced with distribution type markets or manufacturing markets. Then, we have cloud infrastructures that are not approached as with the competition. Instead of remaining focused on building data centers, Charles Phillips, started to use systems that were already created. This is where the acquisition strategy steps in and offers exactly what Infor lacks. Some years ago we saw Phillips declaring that a part of the budget he had was invested in application functionality as opposed to creating brand new systems that would bring in overspending.

In fact, one of the biggest problems that we notice at the moment with ERP vendors is that they invest way too much in data centers. This is because of the fact that not much is obtained in return. The companies still run the data centers in an inappropriate way and end up being undersized without even realizing it that this happens. You want to be focused on making the right decisions in business. With this in mind, Infor is now being guided towards increasing efficiency and sustaining everything that is built for the benefit of the clients. Infor now uses many human services. The company actually shows this off. Thanks to the acquisitions made, we are faced with many interesting opportunities that are simply not available with the competition. This is what sets the work of Charles Phillips aside, even from when he was involved with Oracle. Instead of investing blindly in making everything better, the main focus was put on improving functionality. This brought in huge efficiency and made all operate better from the client’s point of view.

In the ERP industry we see many companies appearing and disappearing. The same can be said about the people that work in the market. Charles Phillips seems to be a name that simply does not go away and no Infor is taken to brand new heights because of the approach that he offers. It is definitely one that is interesting.

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