What Business Leaders Should Have Been Thinking About on Mother’s Day – Business Intelligence Info

Adata-scienceguy’smansplaining-freeperspectiveonwomen,leadership,andbusinesssuccess。

Backin2010,asCEOofStreamBase,IattendedtheWorldEconomicForuminDavos,Switzerland。

BillClinton,ChristineLagarde,BillGates,JackDorsey,ReidHoffman,andmanyothernotableswereallinattendanceatthefamousannualgatheringofgloballeadersandinfluencers。

Itwascooltomeetmanyofthesepeople,butthesessionthatmadethegreatestimpressionwasaboutwomenandpower。

Atthetime,Iwasarecentlywidoweddadtoa7-yearoldgirl,Ruby,andIwasconcernedabouthowtosuccessfullyguidemydaughterinamale-dominatedworld。

ThePowerofthePursesessionfeaturedFacebookCOOSherylSandberg,BookerPrize-winningauthorMargaretAtwood,andformerDirectoroftheNationalEconomicCouncilLauraD’AndreaTyson,amongothers。

How’sthatforanadvisorypanel?

Isatrivetedfortwo-hours—oneofonlyahandfulofmenamong60oftheworld’smostaccomplishedwomen—gettingschooledtopicsinbusiness,wealth,leadership,andsocietyfromthefemalepointofview。

Itookextensivenotes,wroteupobservations,andabsorbedalotofinstructiveinformationforbothpersonalandprofessionaluse。

Sevenyearslater,Rubyisinhighschool,Sandberg’sinthenewstacklingastrugglesimilartomyown,Atwood’sTheHandmaid’sTaleisthehothitseriesonHulu,andStreamBaseandIarebothpartofTIBCO。

Itseemslikemuchhaschanged。

IwasremindedofmyPowerofthePurseexperiencewhenwecampaignedforgenderequityon#GettingTo5050dayatworklast?

week,andwithMother’sDayrightbehind?

us,mythoughtshavebeencirclingonthelarger。

SoIdecidedtorevisitsomeoftheobservationsImadebackin2010。

1。

Female?

leaderscollaboratemoreeffectively。

ThatPowerofthePursesessionwasdiscerniblydifferentthanothersatDavos。

Thediscussionflowedlikeanimprovisationaljazzperformance。

Discussionwasthoughtful,theegointheroomwaslow,peoplelistenedintentlytoeachother,andbuiltuponeachother’spointofview。

Themale-dominatedsessions,bycontrast,weremorelikerockshows—fullofscreamingsolos,ego-drivencharisma,andone-upmanship。

Interestingly,studieshaveshownthatcompanieswiththreeormorewomenontheirboardofdirectorsperformbetterfinancially。

Perhapsthat’sduetogreatercollaborativefinesse。

2。

Theboardofdirectors’gapneedsminding。

ThewomenleadersinDavoslamentedthatonlyaround7%ofcompanieshadawomanontheirboardofdirectors。

Sincethen,thenumberofcompanieswithwomenontheirboardisupby54%。

That’sprogress,althoughSherylSandberg’sLean。

In。

orgestimatesthatwe’restill100yearsawayfromgenderequalityintheC-suite。

The“right”benchmarkisdifficulttochoose,butonethingwecansayforsureisthatchangeishappening。

3。

Morewomenleadersleadtomoreprofit。

OnewomenexecutiveattheDavossessionsaid:“Companiesthatdon’thavewomenexecutivesareleavingmoneyonthetable。

Companieswithwomenexecutiveshaveahealthiertopandbottomline。

”Shedidn’thavedataatthetime,butnowwedo—anditseemsthatshewasright。

AsFortunereportedlastyear,companieswithatleast30%femaleleadershadnetprofitmarginsuptosixpercentagepointshigherthancompanieswithnowomeninthetopranks。

4。

Acallforbalance,notquotas。

TheDavospanelofwomenseemedundisturbedwiththenaturalbiasthatmen(or,indeed,anygroup)chosetoworkwithpeoplethey’recomfortablewith。

Theircalltoactionwasforanincreasedbutbalancedpresenceofwomenleaders,notacoupd’état。

Sevenyearslater,although14%ofboardshaveatleastonewoman,only3%havemorethanthreewomen。

It’sprogress,butnotyetbalance。

5。

Wouldyouwantyourdaughtertoworkatyourcompany?

LauraLiswood,senioradvisoratGoldmanSachsandauthorofTheLoudestDuck,posedthisquestionatDavos。

Anhonestanswerisastellingnowasitwasthen。

IleftDavosin2010impressed,inspired,andhopefulaboutthefuturepossibilitiesforbothmycompanyandmydaughter。

AndIfeltthesamewayatworkon#GettingTo5050day2017。

Thefactthatwestilldiscusstheseissuesandevenhavea50/50dayindicatesthereisstillalotofworktodotoaddressthechallengesfacingallwomen。

ButthankstopioneerslikeSandberg,Atwood,Liswood,andcountlessothers,attitudesarechanging。

TheworldRubywillenterasaprofessionalinafewyearswillbevastlybetterpreparedtoaccept,nurtureandbenefitfromhertalents。

Thatkindofprogressisgoodforourbusinesses。

It’sgoodforourdaughtersandmothers。

It’sgoodforusall。

MoveyourcareerforwardandchangeyourfuturewithTIBCO。

Joinourteamtoday。

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