Women In Executive Positions - Why You Need Them…
Saturday, May 10th, 2008I have an on-going joke in our company that it keeps being taken over by women. I joke about it, but it’s actually a bit true. 1 year ago our executive team was 2 men and 1 woman.
Fast forward to today and it’s now 2 men and 3 women. Every time I joke that I’m going to make sure the next hire is male (joking of course), I end up finding the perfect fit who just happens to be a woman.
If you look at our entire company, 60% are women. Now, you may be thinking, “what’s the big deal?”
The big deal is that in our industry this is incredibly STRANGE. Women are very hard to find and it’s very “male run.” But, I’ve personally never thought about it that way, hence, my team does not fit the convention.
Just as we were discussing this internally a month ago, I came across this article:
Entrepreneur.com - Why Aren’t Companies Cashing In On Women In Executive Positions…
“Women are real assets on the management teams of publicly traded companies, according to a 2007 report by Group and Organization Management, which found that women have a positive effect on a firm’s short-term performance, three-year stock price growth and growth in earnings per share.“
I was happy to see that I’m on the right track
If just one woman can have positive impact on a firm, I guess I’ll just overload (kidding of course).
Reasons To Put Women In Executive Positions:
These are my own personal observations:
1. More logical - Women add the perfect amount of logic amongst a ton of “let’s take over the world” testosterone. They tend to think very methodically and can ask the right questions.
2. Promote balance - A company is not just about making money, it’s a culture and much more. Women are much better at promoting a “family” experience and making sure that everything is being considered with decisions - not just money.
3. Calm - During tough times, I find that women keep their calm much better - not sure why. They almost seem more confident or more optimistic (in cases). Men (including myself) can get my spastic and that’s when you make stupid decisions.
4. Better Team Players - This is my favorite because women have far lesser egos (for the most part) than men. They seem to be much more concerned about the company’s growth then they are about their personal growth.
Not to say they don’t compete to grow, but they’re the first ones to consider “what’s best for the company” - men tend to have bigger egos that get in their own way sometimes.
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I want to emphasize that I’m being “general” and there are always exceptions. I just want to push the fact that if you don’t have “the other side” in your team, you need to.
Whether that means you’re a women run company, well, then you need to bring on some male teammates.
In the end it’s all about BALANCE - men and women are different, they think differently and they react differently. Having both on the team allows you to have a good balance and “cross-check.”
How about YOUR team? Do you promote this diversity and make best use of it?
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