Showing posts with label women in business. Show all posts
Showing posts with label women in business. Show all posts

Wednesday, May 6, 2015

Are Women Better Managers Than Men?

According to a Gallup survey published late last year, women in management positions in the U.S. tend to outscore men when it comes to employee engagement—which is a key predictor of productivity, job satisfaction, and employee loyalty. The polling organization concluded that American firms would benefit from promoting more women to positions of authority. This result suggests that not only is the advancement of women important from a social justice perspective; it is also a prudent business decision.
 
Of course, some qualification is necessary here. The world is home to excellent, mediocre, and lacklustre managers of both sexes, and the survey’s findings indicate a trend rather than a universal absolute. The average levels of employee engagement detected by Gallup are also disconcertingly low overall—from 25 to 35 percent. Nonetheless, the scores for female managers are superior across the board.

At least two questions spring to mind in response to the study: why do female managers tend to engage their employees more effectively than male managers? And what are some of the common traits that make female managers more successful, on average, than their male counterparts?

Gallup’s elements of great managing.

Gallup’s evaluation of employee engagement, and the questions it posed in its survey, are based on 12 elements of managing, all of which reflect aspects of employee engagement and productivity. Engaged employees are likelier to feel that they have a clear mission and the resources they need to do their job well; that managers take their opinions and ideas into consideration; that they have opportunities for career development and advancement within the organization; that their colleagues and superiors care about them and are invested in their success; and that they receive regular feedback and encouragement. Less-engaged employees may believe their work is not especially important or not valued by the organization; that they have no real avenue to growth and progress (i.e. that they are in a dead-end job); or that their managers and co-workers don’t care about them, either personally or professionally.

The survey indicates that female managers check in more often on the individual members of their team, provide greater feedback and positive reinforcement, and are likelier than male managers to praise good work.

The downside of manliness.

 The gender binary—that contrived line of demarcation that distinguishes “male” qualities from “female” qualities—informs the individual identity of most people in our culture, along with our social interactions, and our perceptions of each other. In childhood and adolescence, a lot of boys and young men are encouraged to adopt personality traits traditionally associated with masculinity: toughness, strength, dispassion, tolerance for pain and discomfort, independence, and an aversion to betraying any sign of vulnerability. (This is why so many men are reluctant to ask for directions when we are lost: because it would require us to acknowledge that we have a problem we can’t solve on our own.)

These stereotypically “manly” traits are not always useful in a modern office environment. To engage employees requires emotional tact and intelligence, and excellent communication and social skills. On average, women tend to have the upper hand in those departments.

Improving engagement.

Nearly all managers can bring about improvements in employee morale by attending to the core areas of engagement and job satisfaction. The advantages of better engagement include enhanced productivity, and improved chances of retaining highly skilled and desirable workers. The Gallup survey’s implications are clear: if employee engagement is one of your organizational priorities, you’ll improve your chances of achieving it by promoting more women to management positions.

Thursday, May 2, 2013

Gender Diversity is Important for Your Corporate Board


Ideally, the best corporate board for a given company would be one that is diverse. Hiring board members with the same background and education could find your company "stuck” and unable to draw from variety of experiences.

When it comes to gender diversity, a recent study supports the idea that women who are corporate board members tend to be more open to new ideas than their male cohorts. So, does this make women on corporate boards better than men?

And the survey says…

The International Journal of Business Governance and Ethics put up the survey that polled 624 board directors from all across the Canadian business sphere. The breakdown of those surveyed ranged from 75% male and 25% female. According to the results women were cited as being "more likely to use co-operation, collaboration and consensus building" when presented with the task of problem solving. Across the boardroom, the men were found to come up with their solutions by "using rules, regulations and traditional ways of doing business."

Chris Bart is a professor of strategic management at the DeGroote School of Business at McMaster University and a co-author of the study. Upon reviewing the results he concluded that "The way women operate as directors often contributed to a company’s success, raising the question of why women are still in the minority in Canada’s corporate boardrooms. Why would governance, nominating committees and board chairs not want to have that skill set, that competence available to them in abundance?” asked Bart.

Here are some other qualities found from the women board members who took part in the study:


  • Women were less constrained in their problem-solving skills
  • More likely to take into account the interest of a wider range of company stakeholders
  • Considered fairness an "important factor" in decision making process
  • Women are more inquisitive
  • Can see more possible outcomes to situation


As for the men who participated in the study, Bart found that, "The old boys club culture is still alive and well in corporate boardrooms across all sectors. Men are pack animals and they are very much quick to recognize the hierarchy of the alpha males in the group,” he said upon the report's release. “They would be very unhappy with people coming in with different values or views to the board.”

Can you look at your corporate board and say it is as diverse as it can be? It might be time to consider shaking things up especially if your business has hit a wall. Nothing like "fresh thinking" to put a company back on track on the road to success. 

Wednesday, March 3, 2010

Female Entrepreneurs - Unite!

No longer can it be said that business is a man's world. Female entrepreneurs are an integral part of the business world. According to a report from the Organization for Economic Cooperation and Development, Canadian women comprise 30% of business across the nation. This percentage is larger than any other country. In the United States, during a ten year period beginning in 1997, businesses owned by women grew at double the national rate of all U.S. private businesses.

So, the good news is that women are making their mark on business in substantial numbers. The bad news is that they are not using these numbers for any collective purpose or advantage.

There is power in numbers. However, most female entrepreneurs seem to prefer worrying only about themselves. An umbrella organization, Women Entrepreneurs of Canada, whose mandate is to create a more collaborative climate for women business owners, is fighting an uphill battle, as reported to a small core group of members at a recent meeting of the organization.

Rather than share ideas and efforts, the group reported that female business owners prefer to do for themselves and not share. Sharing resources and ideas is simply not the norm in female businesses, leading to duplication of efforts and a loss of a potentially powerful female lobby.

Men invest more time and energy developing their businesses. Thus, women cooperating with each other could greatly strengthen their businesses by uniting their efforts. Also, women are less confident than men in certain key business tasks and could certainly benefit by supporting each other to get over hurdles.

On the other hand, in a male dominated world, women still encounter certain prejudices in business. A strong female lobby could help push for changes in the business world that would lead to parity in general, while addressing the distinct needs of female entrepreneurship when applicable.

This organization, while small at present, is picking up speed and hopes to build a strong, influential coalition of female entrepreneurs to help the nearly one third of Canada's business community leadership.

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