She is rising to the top, and businesses are reaping the benefits. In 2023, women held a record 8% of CEO positions in Fortune 500 companies, up from just 4.8% in 2019 (Catalyst).
She | He |
---|---|
Higher Return on Assets (ROA) | Lower Return on Assets (ROA) |
Improved Employee Morale | Decreased Employee Morale |
Increased Customer Loyalty | Reduced Customer Loyalty |
Key Benefits of She vs He Leadership
Enhanced Financial Performance: According to a study by Credit Suisse, companies with she CEOs had an average ROA of 10.1% compared to 6.6% for companies with he CEOs.
Improved Workplace Culture: She leaders foster a more inclusive and collaborative work environment, leading to higher employee morale and productivity.
She | He |
---|---|
More Empathetic | Less Empathetic |
Better Communicators | Poorer Communicators |
More Collaborative | Less Collaborative |
She | He |
---|---|
More Customer-Focused | Less Customer-Focused |
Better at Nurturing Relationships | Worse at Nurturing Relationships |
More Personalized Interactions | Less Personalized Interactions |
Establish Clear Goals and Metrics: Define the specific benefits you expect to gain from she leadership and establish metrics to track progress.
Create a Supportive Environment: Provide she leaders with the resources, training, and support they need to succeed.
Foster a Culture of Inclusion: Promote diversity and inclusion throughout the organization and encourage she leaders to share their perspectives.
She | He |
---|---|
More Likely to Be Promoted | Less Likely to Be Promoted |
More Satisfied with Their Careers | Less Satisfied with Their Careers |
More Likely to Stay with the Company | Less Likely to Stay with the Company |
Set Expectations Early: Communicate the importance of she leadership to all employees and hold managers accountable for promoting diversity.
Encourage Mentoring and Sponsorship: Provide opportunities for she leaders to connect with senior leaders and receive guidance and support.
Celebrate Successes: Recognize and reward she leaders for their contributions and make their success stories visible to the entire organization.
Tokenism: Avoid hiring she leaders simply to meet diversity quotas. Ensure they are qualified and have the potential to make a meaningful contribution.
Stereotyping: Avoid assuming that all she leaders possess the same traits. Recognize that they are individuals with unique strengths and weaknesses.
Unconscious Bias: Be aware of unconscious biases that may hinder the advancement of she leaders and take steps to mitigate them.
Example 1: General Motors' first female CEO, Mary Barra, has overseen a significant turnaround in the company's performance, including increased profits and improved customer satisfaction.
Example 2: Indra Nooyi, the former CEO of PepsiCo, is credited with transforming the company into a global beverage and snacking giant with a focus on health and wellness.
Example 3: Safra Catz, co-CEO of Oracle, is known for her strong leadership and strategic vision, which has helped the company maintain its position as a leading software provider.
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