The Global Business Coalition for Women’s Economic Empowerment (GBC4WEE) initiative, launched last week, is the brainchild of Linda Scott, one of the world’s top thinkers on women’s entrepreneurship.

“The whole agenda would move more quickly if these players were sharing with each other what they were learning,” Scott, of Oxford University’s Said Business School, told the Thomson Reuters Foundation.

”These companies are far more than the people they employ or their supply chains. They are huge global systems that include everything from production to transportation, they go from farms to laboratories, from offices to factories.

“If we don’t learn to work within those systems, we have really missed a bet on making the best use of our resources in solving an important global problem,” she said.

Data shows about half of the world’s women are in the labor force compared with about 75 percent of men, hold less senior roles and earn on average 60 to 75 percent of what men make.

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