Showing posts with label Women in Leadership. Show all posts
Showing posts with label Women in Leadership. Show all posts

Wednesday, March 9, 2011

Check out Hillary on women as $5+ trillion growth opportunity

One of the biggest growth markets in the world may surprise you. You've heard about the opportunities opening up in countries like China, regions like Asia and industries like green technology. But one major emerging market hasn't received the attention it deserves: women.

Today, there are more than 200 million women entrepreneurs worldwide. Women earn more than $10 trillion every year, which is expected to grow by $5 trillion over the next several years. In many developing countries, women's incomes are growing faster than men's.

Facts such as these should persuade governments and business leaders worldwide to see investing in women as a strategy for job creation and economic growth. Many are doing so. Yet the pool of talented women is underutilized, underpaid and underrepresented in business and society.

Throughout the world, women do two-thirds of the work, yet they earn just one-third of the income and own less than 2 percent of the land. Three billion people don't have access to basic financial services we take for granted, like bank accounts and lines of credit; the majority of them are women.

Click here for full article.

Monday, December 27, 2010

Women's Leadership Initiatives Fail--Joan C. Williams in Forbes

We all know the grim statistics. Women in C-Suites are still as rare as icicles in July. Companies often express their concern with a so-called "women's leadership initiative." They are often well-intentioned. So why do so many initiatives produce so few results?

They take the wrong approach. If we continue to rely on vague good intentions, meaningful change will take generations. Thirty years of social science, though, offers clear guidance on how to address the organizational issues that keep women out of leadership roles. Here are four steps to a social science-based approach:

Get serious. Too often, at the Center for WorkLife Law, we hear from women who want us to come speak to their leadership initiative, but are unable even to pay our expenses. Here's what we say: Don't accept an assignment unless you are given the resources you need to succeed in implementing it. That's standard business advice, and it's relevant here.

These women often are asked to shoulder new responsibilities on top of their existing workloads, often without a budget or administrative support. Then they find their efforts don't count when comp time rolls around. Only about 3% of women believe that contributions to diversity are valued in remuneration, according to my recent co-authored study of women law firm partners, New Millennium, Same Glass Ceiling?

A women's leadership initiative may well hurt women rather than help them if it requires them to spend time, with administrative support, on activities that distract them from activities the organization truly values and rewards.

Click here for full article in Forbes by Joan C. Williams.

Sunday, October 17, 2010

Resiliency: Female leaderships Secret Sauce

What will end up mattering more to my career - ace'ing academic courses or mastering the art of bouncing back quickly when things go wrong?

When I finished Stanford undergrad last year, I, like many young people, focused my attention on things like finding a good job and building my professional skills.

But I just read a great new book that makes me think there's another place to look, a more important source of long-term career success: My personal resilience.

Authors and McKinsey consultants Joanna Barsh and Susie Cranston, have interviewed hundreds of successful women to figure out what really differentiates women who get what they want from their careers.

In "How Remarkable Women Lead," Barsh and Cranston focus on five factors that inspiring women leaders tend to have - and that we can all cultivate in ourselves:

1. Meaning - making the effort to find meaning in out jobs.
2. Framing - being able to re-frame difficult moments, to replace negative emotions with useful ones quickly.
3. Connecting - actively reaching out to others, building strong networks we can turn to for advice, camaraderie, and a sense of belonging.
4. Engaging - jumping into the fray, taking the risks that make us stronger.
5. Energizing - taking the time to take care of themselves through sleep and exercise so they don't burn out.

The authors say that what really sets great women leaders apart is not their wins, but their ability to respond positively to failure. Each female leader in the book recounts a balanced set of stories -- both highs and humbling lows -- that women of any age can relate to (rejection, lay offs and cancer).

What's remarkable about these women is how they have taught themselves to shake off disappointment and pick themselves up without losing too much focus, perspective or time. The reality is, setbacks, roadblocks and failures happen to everyone. And there are some simple things that help women leaders (and all of us) stay on track:

  • Ample restorative time: sleep, exercise and anything else that works for you.
  • Engaging with supportive family and friends, and pals at work who canget you out of your funk.
  • Taking the time to diagnose what caused the set back: soliciting feedback no matter how painful : -)
  • Focusing on next steps to get you going in the right directions.
  • Pals at work who you can rely on to get you out of our funk.
  • Taking control of your schedule to make blocks of time for important work (no email or phone!) with regular restorative intervals.
I loved this book because it's making me see a new way my friends and I can build the futures we want: sharing tips for getting up, not just sympathy when we're down.

So what do you do? How do you get up when things go wrong and life's showing you little mercy? What do you focus on to get psyched and going again? Please share!

- Mary Liz McCurdy

Friday, September 10, 2010

Debunking the 24/7 workday


I've spent a good part of my career as impaired as a drunk. You have too if, like me, your nightly sleep averages less than 5 hours. According to medical research, this makes you the cognitive equal of someone DWI.

"OK, I'll be careful driving," I want to argue, "my caffeine-fueled brain works fine!" Apparently not. Looking at the judgment of sleep-starved medical interns, error rates jump as much as 6 times. We have a hard time taking a sober look at this when, as Harvard Business Review points out, our work culture glorifies sleepless machismo in the way "we once glorified people who could hold their alcohol."

As we bid farewell to the dog-days of summer, those few August weeks when America's passion for the 24/7 life wanes ever so slightly, let's ask why we plunge so readily into our post-Labor-Day norm: meeting-packed days, harried emails, texting, around-the-clock availability for work, little rest. Today's headlines might make us think twice: On scores of global competitiveness, Sweden now outranks the US while later this month the new "Wall Street" film opens with the title "Money Never Sleeps." Maybe it should.

We office workers log more hours than any prior generation because we can (thanks to technology) and because we assume we must (thanks to global competition). These days, if you want to be a go-to person, you want to be seen as always-on. Besides, a strong work ethic is a great thing, right? That's what we tell ourselves.

But is working as many hours as we can the same as being productive?

"Available 24/7!" said the email from my hairdresser. Now, I've never known anyone who, at 2AM, absolutely had to have a trim. So why "24/7"? Because this language is current code for "I'm serious. I'll put you first. Choose me." Good PR, perhaps. But what's the customer benefit? How straight would your 2AM haircut be? In fact, this meme has real costs which we increasingly see in both anecdote and research.

"I realized I couldn't have a real management job anymore. I couldn't handle the calls after midnight," a woman named Ann told me. She worked for a boss who dialed her number whenever he had something to say. Sending a message or waiting until morning - these were things he just didn't like to do. Perhaps Ann's boss was un-reformable. But Ann hadn't even tried to change things by acquainting her boss with voice-mail or looking for a management job at a more stable firm.

In her bones, Ann, like too many of us, believed her boss was in the right. She thought that to be a good employee, she had to take the call, wherever, whenever it came.

Early in my career, I was dumb enough to sign up for the jobs more enlightened people side-stepped. I spent my early 30s managing global portfolio trades. Days started at 4AM and nights were peppered with foreign voices calling to say "your client is going to be mad because ..." someone screwed up in London, Frankfurt, or Singapore. About to crack (from brain-cell depletion and spousal pleading), I switched to a gig with more standard waking hours, but with plenty of ways to work and travel all the time. I learned that any job can be 24/7 if you believe that's the only path to glory. And I did.

Until one day a management guru (on my employer's dime) told me this: "If you can't get your job done in 10 hours a day, there's something wrong with you or there's something wrong with your job."

So many of us define our self-worth by how hard we work, we have trouble disentangling our egos and even asking if there might be a better way. When we've pushed ourselves to be good students, get good jobs and deliver results, it's hard to hear that our more-more-more approach may not be the right one. For many, being asked to examine how we work feels like being asked to be mediocre.

Our 24/7 dogma, and the reaction to it, generates two clashing extremes: Total Buy-In (Ann's view) and it's opposite, the complete (largely female) rejection of 24/7 and sense that we should be able to work any hours we want. Interviewing male managers for our book Getting to 50/50, we heard a lot of complaints about women being unrealistic about hours - particularly after having kids. We too were speechless when female graduates of fancy medical schools told us it should be OK to take whole summers off and high-paid executives said their employers shouldn't blink if they do school pickup at 3:00 every day for years. Polarized views lead nowhere and keep us from building lots of sensible things like good after-school programs (so we know kids are happy while we're at work) and efficient office norms (so we can think straight when we get home).

Thomas Edison's view that genius, or just good work, is 99% perspiration is largely right. What we need is a more sensible dialog about the best way to perspire. Management expert Tony Schwartz's new book Why The Way We're Working Isn't Working, takes on the fallacy that "human beings operate most productively in the same one-dimensional way computers do: continuously, at high speeds, for long periods of time, running multiple programs at the same time."

While I couldn't live without my many multi-tasking devices - they save me from missed meetings, tight deadlines, lost dogs, etc. I have to force myself to heed the data. It says that our brains really do only one thing at once. Sure, I can tell myself I'm a parallel processor, responding to a crisis on email while, simultaneously, writing up next-week's presentation. But the facts say something different: I would get both tasks completed faster if I finished one and then focused fully on the other, 25% faster actually.

What's clear is that blind belief in 24/7 is turning us into inebriated slow-pokes. What's less clear is how to stop it. How do we change habits and structure our teams to improve our return on time?

In one study, Harvard Business School's Leslie Perlow looked at programmers producing code that was substantially the same in China, India and Hungary. What the teams in these three countries shared was this: certainty that its own cocktail of process and hours was vital to producing high-quality work. But Perlow found there were vastly different ways to complete the same work. One team averaged 60+ hours per week to produce the same results that another team produced - at equivalent quality and profit - in 40 hours per week.

Perlow's two decades of research spans several continents and a range of intense fields like engineering, finance and consulting. In a US study, Perlow found that "those who work hardest do not necessarily contribute the most to the corporation's productivity, and, in fact, that often no one benefits from this behavior, not even the corporation." Working round the clock generates bugs in the code, management gaffes, and firedrills that put both individuals and their employers in peril.

In a recent article, Perlow describes four years of work at Boston Consulting Group (BCG). The management consulting giant ran time-use tests on real-time assignments to see if it was possible to produce top-quality work without 24/7 culture. One BCG team mandated that each consultant, on an important project with a new client, work only four days a week. Another required consultants to unplug and abstain from work (no email, no cell phone) after 6pm. Turns out, if you know you're required to switch off, you think much harder while you're on. And team members quickly figure out how to communicate to colleagues what they need to know so dropped balls are avoided. Teamwork, sharing and passing information, improves by necessity. Having to articulate what we are doing is a great discipline.

What Perlow and others keep finding is that success does not require 24/7. What it does require is more rigor in how we manage ourselves, using supremely simple tools:

·Clear goals. "The most effective firms focus on a limited number of well-defined objectives," says Adrian Ott author of The 24-Hour Customer. For example, a popular case study, shows how the down-and-out Lehman Brothers equity research team ( #15 in the industry ) rose from the ashes. How? In 1987, a metrics-driven manager, Jack Rivkin took over and lead the team to #1 in three years. Rivkin told his team exactly what he wanted from them: to focus all their energy on high-quality analysis - and specific steps to get there. The team was evaluated on a score card measuring all relevant, quantifiable activity: number of calls, written reports, client visits. And there were no secrets. The numbers were out there for everyone in the department to see.

·Good process. Time-diary research, where workers record what they're doing hour-to-hour, reveals a lot. Even at well-run companies, high-performing knowledge workers say big chunks of their day, sometimes half of it, are wasted on ill-planned meetings and cleaning up after snafus. Studies show that declaring "quiet time" (protected hours to get vital thinking work done), encouraging collaboration and overlap produce world-class results more profitably. "We need to replace 24/7 with 80/20," says Sasha Grinshpun, an executive coach who works with firms like Google and IBM. "If we understand where we can add the most value, we can focus on the 20% of our work that generates 80% of the results."

·The Zero-Baloney Standard. "Nanny cam most managers," an executive suggested, "and they'd have a hard time explaining where their time goes, even to themselves." For most of us, metrics-driven leaders and time-off by fiat are hard to come by. But is there something we can all do to give 24/7 a sanity check? Welcome the auditors - let them examine the ledger of "to do's" and test what's really valuable versus baloney. A partner at a global accounting firm told us how she and her spouse vet each other's calendars once a week. They talk through which meetings/dinners/golf games are truly critical and triage the rest. Our best friend, our spouse, our kids: they all have opinions about how we spend our time, if we only stop to listen.

So when voices chide "close laptop" (my daughter), "smartphone off" (my son), "go to sleep" (my husband), I need to give them license to steer me away from the shoals, past the siren song, of 24/7. Sailing somewhere between Gordon Gekko and Sweden will likely prove a better course for all of us.

Visit the Washington Post for this piece and more from the entire column.