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Retiring baby boomers: diversity as an opportunity for German family businesses
As baby boomers retire, many German family businesses are facing a generational change. The perspective we adopt is now crucial: are we looking critically into the future or are we recognizing the opportunities of this change?
We agree: the generational change that has been initiated in German family businesses opens the opportunity to fundamentally modernize management structures and is a decisive chance for more diversity in the boardroom.
The latest AllBright report already shows a positive trend: the proportion of women on the management boards of the 100 largest family businesses has risen to 12.6% - an increase of over four percentage points in just two years. Despite this progress, the proportion of women in many sectors, such as manufacturing and construction, is still below the overall average, as a study by the ifo Institute shows.
But why should women work more in leading positions? Women are not only pioneers of change processes, but also bring fresh impetus through their participative leadership style, their emotional intelligence, and their networks. They promote innovation, strengthen communication and shape sustainable strategies. We also know that a mixed management level leads to better decisions, a stronger market position and demonstrably more resilient and innovative companies - a clear competitive advantage! The task now is to specifically promote female talent and increase their visibility at management level.
At etec Consult, we firmly believe that diversity is not just a question of fairness, but the key to long-term success and innovation. With a view to 2025, we are increasingly focusing on events and network meetings that deal with the promotion of women in technical professions. Our aim is to promote exchange between top women in SMEs and create long-term partnerships that actively shape change. Through targeted networking, we want to contribute to sustainably strengthening innovation and diversity in the electrical engineering sector.
Now is the time to shape this change and pave the way for a more diverse, innovative future in German family businesses. Together we can change the leadership of tomorrow!
