According to an article in the Washington Post, Weekly Edition, 9 by Katty Kay and Claire Shipman, companies that employ more women in upper level management are more profitable than those that rely heavily on male "talent" to run their businesses.
This exciting (but not surprising) news is not limited to the United States, but is true throughout the world.
"...And it's not only one study, but at least half a dozen, from a broad spectrum of organizations such as Columbia University, McKinsey & Co., Goldman Sachs and Pepperdine University, that document a clear relationship between women in senior management and corporate financial success. By all measures, more women in your company means better performance."
One of the points made in the Washington Post article was that men may naturally be more prone to risk taking and competition (thanks to the hormone testosterone), but women are better collaborators and better at achieving long-term results.
So men, if you want your businesses to flourish, hire and promote more qualified women. The results are in, the statistics speak for themselves. Men are the hares and women are the tortoises, who will win the race steady and slow.
2 comments
Kirhat says:
February 5, 2010 at 12:48 am (UTC 0)
I'm not sure about the findings of these studies. I really view performance as a product of one's persistence and competence, regardless of whether you are a female or male. I've seen some companies that are being managed better by males and generate substantial profit as well. One's gender, for me, is irrelevant in this case.
Seek No More
Basic logic says:
February 8, 2010 at 8:12 pm (UTC 0)
Remember, correlation != causation.
More profitable companies may hire more women because of policies such as affirmative action and having the resources to ensure they comply with these standards.