Taylor Swift Is Woman of the Year … With a New Hairdo!

Taylor Swift rocked the Billboard 'Women in Music' event's red carpet in a flirty red dress and new haircut today (Dec. 2). Sporting newly-chopped bangs and smooth, straight layers, the 21-year-old country superstar joined her buddy Nicki Minaj in headlining the event, which honored female recording artists and music industry executives. Taylor herself was honored with the title of 'Woman of the Year,' and covers the December 10th issue of Billboard magazine with her latest title.

"I've never [felt] entitled to play another sold-out show or win another award. So just the fact that this keeps happening, I'm thankful for that," the songbird told ABC's Katie Couric (quote via Billboard) at today's event.

Upon accepting her award today, Taylor thanked two very important people in her life: her parents, who taught their daughter about responsibility, integrity and taking charge of her own career. "I know exactly where I'm going to be next year at this time," the singer/songwriter explains to Billboard. "That's because I'm sitting there in those management meetings every single week and scheduling everything and approving things, or not approving things, based on what I feel is right for my career at this point."

Billboard's 2011 'Woman of the Year' certainly has had quite a year. In addition to breaking records with her sold-out Speak Now World Tour, Taylor was named Entertainer of the Year at both the ACM and CMA Awards and Artist of the Year at the AMAs -- the highest honor at all three awards shows. She celebrated her fifth No. 1 song with 'Sparks Fly' and saw sales of her latest album, 'Speak Now,' top 3.5 million, which no doubt helped her land on Forbes list of the Top 10 highest-earning women in entertainment. With a new album expected in 2012, we can expect next year to be just as fruitful for Taylor.