According to Forbes.com, the number of women-owned firms is expected to climb in 2021, but the rise comes with its own set of obstacles. Ex-Johnson Controls CEO Alex A. Molinaroli has always been aware of the challenges women-owned firms confront and says he chooses to ignore them.
When asked about his involvement with minority and women-owned companies, Alex A Molinaroli adds, “I’ve been engaged very extensively, and it’s something that has stayed significant to me throughout my career.” In addition to acting as a mentor and investing in women-owned firms, “I’ve also assisted them with financing and capital creation from both an advisory and a financial aspect.”
Alex A Molinaroli has an objective to help women-owned enterprises succeed in a gender business environment by facilitating access to funding. Having two young girls has given him a new perspective and greater empathy for others, influencing his conduct.
Breaking the glass barrier for women
Because of Alex A Molinaroli egalitarian mentality, Johnson Controls continued to encourage and cultivate female representation even after retiring. According to a corporate news release, it announced in January that it would quadruple the number of women in leadership roles worldwide and enhance care for people and minority-owned firms. By 2021, Johnson Controls was named one of Forbes’ Top Companies for Diversity for its commitment to employee diversity.
Many women-owned company entrepreneurs express frustration at the challenge of connecting with a broad network. Even though it is a pitiful amount, just 41 women, or 8.1%, will hold the CEO position on the annual Fortune 500 list in 2021. Having access to the correct professional network is critical. As he puts it, “I am lucky that I can open doors.” “The relationships I made throughout my business career may be valuable to entrepreneurs.” The headquarters of Johnson Controls and other local towns and technological circles may be located in Wisconsin, where many of these relationships can be discovered. Continue reading about Alex Molinaroli at The Wall Street Journal