The future of global organizations depends on their ability to incorporate diverse perspectives in their top management teams and to harness the wealth of talent and value that women bring. So why are so few women represented in corporate leadership today? This article describes the barriers to progress and suggests some of the key actions that companies can take, not only to attract, cultivate and retain female talent but to create a balanced ecosystem that benefits both men and women. As markets become increasingly competitive and globalized, and with women driving consumer purchasing, bringing more female talent to the table becomes vital for survival -- not to mention it being a matter of fairness and human values.
Tools and Frameworks:
Lists key actions according to three overarching areas of concern: stereotyping, structural hurdles, and corporate culture and values.
Ursula Burns; Xerox; Bayer; gender quotas on boards; PepsiCo; Shell; Michelle, a financial analyst at a leading multinational, who keeps being passed over for more senior roles
Presents extensive research and case studies on women in business by the authors and others, including a study of female executives in S&P 1500 firms by IESE's Mireia Giné, Mary Ellen Carter (Boston College) and Francesca Franco (London Business School).
About the Authors:
Nuria Chinchilla is a professor of Managing People in Organizations at IESE and holder of the Carmina Roca and Rafael Pich-Aguilera Chair of Women and Leadership.
Esther Jiménez is a manager of IESE Women in Leadership (I-WIL).