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Im so confused. Governor Doyles new Growth Council seems like a well-intentioned group, but Im concerned that theyre out of touch. After looking at the roster of council members, I was astonished that only three women were mentioned, to say nothing of minorities and young talent.
So I set-off on a fact-finding mission and found that:
1) Four out of five new businesses in the U.S. are started by women, Gen Xers (b. 1961-1981), and minorities (Source: US Small Business Administration)
2) Small businesses create 80% of all jobs (Source: US Small Business Administration)
3) Women-led businesses bring 10-15% more value to their IPOs than their male-led peers (Source: Businessweek, 2002)
Based on these key elements which demonstrate the critical role that women, Xers, and minorities will play in Wisconsins economic recovery I am flummoxed that the Doyle Doctrine (is that a joke?) is not soliciting more input from them. Great companies dont roll out new products without talking to their key clients, learning everything they can about their preferences and demographics. Yet, this seems to be exactly the course the Doyle administration is taking with its Growth Council.
Einstein defined insanity as doing the same thing over and over and expecting different results. If Wisconsin continues to shape economic policy and cull ideas from the same minds thatve done it for 20+ years without making a place at the table for those who are driving new growth - I imagine well get the same results weve always had.
About the author. Rebecca Ryan is a woman, a Gen Xer and a successful entrepreneur who helps pay the Doyle administration salaries by contributing both income and corporate taxes in Wisconsin. Her company, Next Generation Consulting
, studies talent trends within companies and communities. Her work has been published in the Wall Street Journal
, Entrepreneur Magazine
and on Fox and NBC. Ryan was recently named a 2003 Woman of Influence by the Milwaukee Business Journal
in the category of Innovation. Milwaukee Magazine
named Ryan one of Milwaukees 35 Faces of the Future.