Here, WWD hears more from these exceptional women on challenges they see in the industry, the opportunities for young women in business and advice they would give their younger selves.Liz Bacelar, executive director of Global Tech Innovation at Estée Lauder Cos. Inc.Liz Bacelar:
Today’s world is quite complex. Effective leaders are able to communicate the complexity in simple terms to bring everyone along. In addition, do not underestimate the value of communicating frequently, honestly and consistently.Surround yourself with a solid network of smart people — everyone from mentors to good friends.
WWD: What are the challenges and opportunities women business leaders face today in retail and business?We need to continue to diversify leadership in retail and business. It’s not enough to have diverse talent in front of the camera, on our runways, in photo shoots or ad campaigns. True inclusion starts in the workplace. We need to prioritize hiring diverse talent at all levels of our company in tandem with creating a safe and accessible culture and space for our teams to thrive.
WWD: What are the challenges and opportunities women business leaders face today in retail and business?Leadership requires an ecosystem that empowers women in all aspects, especially because the retail landscape is constantly evolving. I feel fortunate to have a support network, both at home and at work, that has helped me get to where I am today.
If I could go back in time, I would tell my 20-year-old self to trust others more. It took me way too long to build my team and let others shine. I would also, remind myself to speak up more, and not to be afraid to ask for help. There are many people in this world that have so much to offer, and things are more successful and easier with a team.Patience is a virtue that is really not seen in people as much as it was in the past.
WWD: What are the challenges and opportunities women business leaders face today in retail and business?There are no shortage of challenges that women leaders face — so it’s important to remember that challenges are opportunities in disguise. Remain optimistic, passionate and stick to your core values and beliefs. This is important for any leader, regardless of gender.