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MONEY ON THE TABLE
How To Increase Profits Through
GENDER-BALANCED
LEADERSHIP
2
All rights reserved Melissa Greenwell LLC ©
What is Gender-Balanced
Leadership?
The ratio of male and female thinking,
communicating and problem solving that
will produce the best products, services
and solutions for our customers.
3
All rights reserved Melissa Greenwell LLC ©
Critical Mass = Balance
30%
4
All rights reserved Melissa Greenwell LLC ©
The Interviews
Thirty-four CEO’s, Presidents and
Executives
50% Male, 50% Women
Several industries, small to large
companies and organizations, mostly
public companies
5
All rights reserved Melissa Greenwell LLC ©
Two Camps Across Both
Genders of Leaders
Those taking action.
Those thinking about taking action.
6
All rights reserved Melissa Greenwell LLC ©
Collective Intelligence
Published by AAAS
7
All rights reserved Melissa Greenwell LLC ©
Characteristics of
Successful Teams
Great listeners
Curious
Risk-takers
Sense of urgency
Collaborative
Not afraid to challenge
Participatory
Intuitive
Wants/seeks feedback
Empathetic
8
All rights reserved Melissa Greenwell LLC ©
Current Majority Makeup
of Leadership Teams
Competitors
Challengers
Risk-Takers
Action-Takers
Executors
9
All rights reserved Melissa Greenwell LLC ©
What’s missing
Listening
Collaboration
Intuition
Curiosity
Empathy
10 PRINCIPLES MELISSA-GREENWELL.COM
10
Men and Women
are Worlds Apart
11
All rights reserved Melissa Greenwell LLC ©
Hardwiring—Limbic System
Amygdala (Fear, Aggression & Action) Prefrontal Cortex (Judgment)
Insular Cortex (Intuition)
Hippocampus (Emotions)
Anterior Cortex (Emotional Memories)Cerebellum (Motor Control)
12
All rights reserved Melissa Greenwell LLC ©
Men are hardwired to:
Focus
Compete
Take action
Have urgency
Confidently direct
others
Win the confidence
of others
13
All rights reserved Melissa Greenwell LLC ©
Confidence Won The Election
14
All rights reserved Melissa Greenwell LLC ©
Women are hardwired to:
See the big picture
Collaborate/Network
Listen
Demonstrate Empathy
Multi-task
Solve problems
Mind read
15
All rights reserved Melissa Greenwell LLC ©
Impact on Performance
Challenging
Competing
Risk Taking
Listening
Collaboration
Empathy
16
All rights reserved Melissa Greenwell LLC ©
Impact On Culture
“WHEN WOMEN ARE
PRESENT, THE LEVEL OF
RESPECT IN THE ROOM GOES
UP.”
17
All rights reserved Melissa Greenwell LLC ©
Impact On Your Brand
• Whether within our own organizations, with
vendors or in client environments, when
women are present, a more respectful
environment is more likely. Reputational
equity goes up.
• When women see other women in
Leadership, their confidence level goes up.
They will join and they will stay.
20 companies in the S&P
500 have female CEOs
11% of Fortune
500 board seats are
held by women
15% of senior leadership
positions are held by women
10 PRINCIPLES MELISSA-GREENWELL.COM
21
Diversity and Gender Balance
Over 75 ethnic groups in the world
Women are 51% of the population
22
All rights reserved Melissa Greenwell LLC ©
50% Club
51% of the population
57% of college diplomas
- 60% master’s, 51% doctorates
- 47% law degrees, 48% medical degrees
47% of the U.S. Labor Force
Leading breadwinner in > 40% of households
23
All rights reserved Melissa Greenwell LLC ©
Missed Opportunities?
45% of NFL fans are women
- 90% of sports editors and writers are male
80% of all household purchasing decisions are
made by women
- 3% of creative directors in advertising are female
24
All rights reserved Melissa Greenwell LLC ©
How Did We Get Here?
25
All rights reserved Melissa Greenwell LLC ©
Drivers of employment choices
for women:
To be a part of something
To have opportunity to grow
To be in a respectful, collaborative
environment
To build meaningful relationships
To make money
26
All rights reserved Melissa Greenwell LLC ©
Why They Leave?
Perceived lack of opportunity
to advance (when female leadership is
absent)
Work environment and culture
Uninspiring work
Lack of support for work/life balance
Up to 31% gender pay gap
Catalyst 2016
27
All rights reserved Melissa Greenwell LLC ©
Why We Should Worry?
Our company’s are not as successful
as they CAN be.
There is an insufficient supply of talent
to support the global economy.
Catalyst 2016
10 PRINCIPLES MELISSA-GREENWELL.COM
28
WHY ARE WE HERE?
It’s the right
thing to do.
It’s about the
MONEY.
30
All rights reserved Melissa Greenwell LLC ©
More Women, More Money:
Where’s the Proof?*Credit Suise Gender 3000
Companies with more than one woman on their boards have
seen higher stock market returns
Firms with women in 15% or more of their top jobs consistently
outperformed those with fewer than 10%
Companies with a three-to-one male-female management mix
averaged annualized returns of nearly 23%
In every sector, companies with no gender diversity on the
board have lower-than-average market capitalization
31
All rights reserved Melissa Greenwell LLC ©
Expansion Stage Software
Companies: Women In Leadership
• <$1m ARR = 10% women in leadership
• $5-$20m ARR = 21%-25% women in leadership
• $20-$60m ARR = 27% women in leadership
• Sales & Marketing spend outpacing R&D
• Monthly burn = $0
Study by OpenView Investments LLC
32
All rights reserved Melissa Greenwell LLC ©
Legos Creator
33
All rights reserved Melissa Greenwell LLC ©
Legos Friends
34
All rights reserved Melissa Greenwell LLC ©
A Case Study: Sodexo
Michel Landel, CEO authored Harvard Business Review article:
Why Gender Balance Cant’ Wait (March 2016)
More gender-balanced units of company have greater client
retention and customer satisfaction rates
Units with gender-balanced management 13% more likely to
consistently growth and 23% more likely to increase gross
profits
Teams with gender-balanced management have greater
employee engagement and achieve better operational
performance.
Goal: Achieve gender-balance in ALL management teams by
2025,
Fear
36
All rights reserved Melissa Greenwell LLC ©
What Women Fear
Taking risks
Assuming too much responsibility
Being overloaded
Rejection
Failure
37
All rights reserved Melissa Greenwell LLC ©
What Men Fear
Team factor (Will she fit in?)
Communication (Will she be easily offended?)
Social factor (How will we interact?)
Family factor (Can she put in the time?)
NOW is the time to
ACT.
STOP WAITING....
For a program…
For a policy…
For HR….
For someone to tell you to…
40
All rights reserved Melissa Greenwell LLC ©
1. Don’t Accept It.
• Don’t accept that there are not enough females
• Don’t accept that they are leaving
• Don’t accept lack of female talent in the pipeline
• Start the conversation within the organization
41
All rights reserved Melissa Greenwell LLC ©
2. Take More Risks.
• High potential females operate under the radar
• Women prefer getting things done over being noticed
• Think outside the box
• Consider leadership vs. SME
• What team traits are missing?
42
All rights reserved Melissa Greenwell LLC ©
3. Create an Employment
Brand that Attracts Women.
Every company has one
Don’t have a default brand
How does yours connect with women?
Does your culture appeal to women?
43
All rights reserved Melissa Greenwell LLC ©
4. Build Your Pipeline
of Female Talent.
Strengthen your pipeline of female talent
More now means more later
Consider female ratio in hiring interns and entry level
positions as well as supervisory and managers
44
All rights reserved Melissa Greenwell LLC ©
5. Keep Your Female Talent.
Flexibility is key
Don’t confuse face time with productivity
Change practices and policies (such as gender-neutral
family leave benefits)
Address unproductive behaviors
Both men and women millennials want this!
45
All rights reserved Melissa Greenwell LLC ©
6. Create Culture Deliberately.
Create a culture of Performance and Results
What are your leadership expectations?
- Collaboration, Coaching, Getting Stuff Done?
Is it part of your organization’s vocabulary?
Do you hire and promote for it?
46
All rights reserved Melissa Greenwell LLC ©
7. Communicate Expectations.
Set expectations from the Top
Leadership’s priorities are the organization’s priorities
Educate - Include everyone in the conversation
Male leaders must champion inclusion initiatives for
women
47
All rights reserved Melissa Greenwell LLC ©
8. Develop a Succession Plan.
Identify critical positions and gaps
Identify high-potential leaders
Create hiring and promotion strategy
Evaluate gender balance
48
All rights reserved Melissa Greenwell LLC ©
9. Mentor High Potentials.
Every leader should be a mentor
Prioritize investing in women
49
All rights reserved Melissa Greenwell LLC ©
10. Measure Performance.
You get what you measure
Keep progress in view
Make it part of your management dashboard
Procrastination
51
All rights reserved Melissa Greenwell LLC ©
Additional Resources.
Available at melissagreenwell.com:
• Money On The Table
• 10 Steps for Building Gender-Balanced Leadership
• 10 Rules for Women Who Want to Lead
• Market studies, Blog, Articles, Podcasts

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Kkpql money on_the_table_melissa_greenwell

  • 1. MONEY ON THE TABLE How To Increase Profits Through GENDER-BALANCED LEADERSHIP
  • 2. 2 All rights reserved Melissa Greenwell LLC © What is Gender-Balanced Leadership? The ratio of male and female thinking, communicating and problem solving that will produce the best products, services and solutions for our customers.
  • 3. 3 All rights reserved Melissa Greenwell LLC © Critical Mass = Balance 30%
  • 4. 4 All rights reserved Melissa Greenwell LLC © The Interviews Thirty-four CEO’s, Presidents and Executives 50% Male, 50% Women Several industries, small to large companies and organizations, mostly public companies
  • 5. 5 All rights reserved Melissa Greenwell LLC © Two Camps Across Both Genders of Leaders Those taking action. Those thinking about taking action.
  • 6. 6 All rights reserved Melissa Greenwell LLC © Collective Intelligence Published by AAAS
  • 7. 7 All rights reserved Melissa Greenwell LLC © Characteristics of Successful Teams Great listeners Curious Risk-takers Sense of urgency Collaborative Not afraid to challenge Participatory Intuitive Wants/seeks feedback Empathetic
  • 8. 8 All rights reserved Melissa Greenwell LLC © Current Majority Makeup of Leadership Teams Competitors Challengers Risk-Takers Action-Takers Executors
  • 9. 9 All rights reserved Melissa Greenwell LLC © What’s missing Listening Collaboration Intuition Curiosity Empathy
  • 10. 10 PRINCIPLES MELISSA-GREENWELL.COM 10 Men and Women are Worlds Apart
  • 11. 11 All rights reserved Melissa Greenwell LLC © Hardwiring—Limbic System Amygdala (Fear, Aggression & Action) Prefrontal Cortex (Judgment) Insular Cortex (Intuition) Hippocampus (Emotions) Anterior Cortex (Emotional Memories)Cerebellum (Motor Control)
  • 12. 12 All rights reserved Melissa Greenwell LLC © Men are hardwired to: Focus Compete Take action Have urgency Confidently direct others Win the confidence of others
  • 13. 13 All rights reserved Melissa Greenwell LLC © Confidence Won The Election
  • 14. 14 All rights reserved Melissa Greenwell LLC © Women are hardwired to: See the big picture Collaborate/Network Listen Demonstrate Empathy Multi-task Solve problems Mind read
  • 15. 15 All rights reserved Melissa Greenwell LLC © Impact on Performance Challenging Competing Risk Taking Listening Collaboration Empathy
  • 16. 16 All rights reserved Melissa Greenwell LLC © Impact On Culture “WHEN WOMEN ARE PRESENT, THE LEVEL OF RESPECT IN THE ROOM GOES UP.”
  • 17. 17 All rights reserved Melissa Greenwell LLC © Impact On Your Brand • Whether within our own organizations, with vendors or in client environments, when women are present, a more respectful environment is more likely. Reputational equity goes up. • When women see other women in Leadership, their confidence level goes up. They will join and they will stay.
  • 18. 20 companies in the S&P 500 have female CEOs
  • 19. 11% of Fortune 500 board seats are held by women
  • 20. 15% of senior leadership positions are held by women
  • 21. 10 PRINCIPLES MELISSA-GREENWELL.COM 21 Diversity and Gender Balance Over 75 ethnic groups in the world Women are 51% of the population
  • 22. 22 All rights reserved Melissa Greenwell LLC © 50% Club 51% of the population 57% of college diplomas - 60% master’s, 51% doctorates - 47% law degrees, 48% medical degrees 47% of the U.S. Labor Force Leading breadwinner in > 40% of households
  • 23. 23 All rights reserved Melissa Greenwell LLC © Missed Opportunities? 45% of NFL fans are women - 90% of sports editors and writers are male 80% of all household purchasing decisions are made by women - 3% of creative directors in advertising are female
  • 24. 24 All rights reserved Melissa Greenwell LLC © How Did We Get Here?
  • 25. 25 All rights reserved Melissa Greenwell LLC © Drivers of employment choices for women: To be a part of something To have opportunity to grow To be in a respectful, collaborative environment To build meaningful relationships To make money
  • 26. 26 All rights reserved Melissa Greenwell LLC © Why They Leave? Perceived lack of opportunity to advance (when female leadership is absent) Work environment and culture Uninspiring work Lack of support for work/life balance Up to 31% gender pay gap Catalyst 2016
  • 27. 27 All rights reserved Melissa Greenwell LLC © Why We Should Worry? Our company’s are not as successful as they CAN be. There is an insufficient supply of talent to support the global economy. Catalyst 2016
  • 28. 10 PRINCIPLES MELISSA-GREENWELL.COM 28 WHY ARE WE HERE? It’s the right thing to do.
  • 30. 30 All rights reserved Melissa Greenwell LLC © More Women, More Money: Where’s the Proof?*Credit Suise Gender 3000 Companies with more than one woman on their boards have seen higher stock market returns Firms with women in 15% or more of their top jobs consistently outperformed those with fewer than 10% Companies with a three-to-one male-female management mix averaged annualized returns of nearly 23% In every sector, companies with no gender diversity on the board have lower-than-average market capitalization
  • 31. 31 All rights reserved Melissa Greenwell LLC © Expansion Stage Software Companies: Women In Leadership • <$1m ARR = 10% women in leadership • $5-$20m ARR = 21%-25% women in leadership • $20-$60m ARR = 27% women in leadership • Sales & Marketing spend outpacing R&D • Monthly burn = $0 Study by OpenView Investments LLC
  • 32. 32 All rights reserved Melissa Greenwell LLC © Legos Creator
  • 33. 33 All rights reserved Melissa Greenwell LLC © Legos Friends
  • 34. 34 All rights reserved Melissa Greenwell LLC © A Case Study: Sodexo Michel Landel, CEO authored Harvard Business Review article: Why Gender Balance Cant’ Wait (March 2016) More gender-balanced units of company have greater client retention and customer satisfaction rates Units with gender-balanced management 13% more likely to consistently growth and 23% more likely to increase gross profits Teams with gender-balanced management have greater employee engagement and achieve better operational performance. Goal: Achieve gender-balance in ALL management teams by 2025,
  • 35. Fear
  • 36. 36 All rights reserved Melissa Greenwell LLC © What Women Fear Taking risks Assuming too much responsibility Being overloaded Rejection Failure
  • 37. 37 All rights reserved Melissa Greenwell LLC © What Men Fear Team factor (Will she fit in?) Communication (Will she be easily offended?) Social factor (How will we interact?) Family factor (Can she put in the time?)
  • 38. NOW is the time to ACT.
  • 39. STOP WAITING.... For a program… For a policy… For HR…. For someone to tell you to…
  • 40. 40 All rights reserved Melissa Greenwell LLC © 1. Don’t Accept It. • Don’t accept that there are not enough females • Don’t accept that they are leaving • Don’t accept lack of female talent in the pipeline • Start the conversation within the organization
  • 41. 41 All rights reserved Melissa Greenwell LLC © 2. Take More Risks. • High potential females operate under the radar • Women prefer getting things done over being noticed • Think outside the box • Consider leadership vs. SME • What team traits are missing?
  • 42. 42 All rights reserved Melissa Greenwell LLC © 3. Create an Employment Brand that Attracts Women. Every company has one Don’t have a default brand How does yours connect with women? Does your culture appeal to women?
  • 43. 43 All rights reserved Melissa Greenwell LLC © 4. Build Your Pipeline of Female Talent. Strengthen your pipeline of female talent More now means more later Consider female ratio in hiring interns and entry level positions as well as supervisory and managers
  • 44. 44 All rights reserved Melissa Greenwell LLC © 5. Keep Your Female Talent. Flexibility is key Don’t confuse face time with productivity Change practices and policies (such as gender-neutral family leave benefits) Address unproductive behaviors Both men and women millennials want this!
  • 45. 45 All rights reserved Melissa Greenwell LLC © 6. Create Culture Deliberately. Create a culture of Performance and Results What are your leadership expectations? - Collaboration, Coaching, Getting Stuff Done? Is it part of your organization’s vocabulary? Do you hire and promote for it?
  • 46. 46 All rights reserved Melissa Greenwell LLC © 7. Communicate Expectations. Set expectations from the Top Leadership’s priorities are the organization’s priorities Educate - Include everyone in the conversation Male leaders must champion inclusion initiatives for women
  • 47. 47 All rights reserved Melissa Greenwell LLC © 8. Develop a Succession Plan. Identify critical positions and gaps Identify high-potential leaders Create hiring and promotion strategy Evaluate gender balance
  • 48. 48 All rights reserved Melissa Greenwell LLC © 9. Mentor High Potentials. Every leader should be a mentor Prioritize investing in women
  • 49. 49 All rights reserved Melissa Greenwell LLC © 10. Measure Performance. You get what you measure Keep progress in view Make it part of your management dashboard
  • 51. 51 All rights reserved Melissa Greenwell LLC © Additional Resources. Available at melissagreenwell.com: • Money On The Table • 10 Steps for Building Gender-Balanced Leadership • 10 Rules for Women Who Want to Lead • Market studies, Blog, Articles, Podcasts