{"id":2027,"date":"2019-10-24T15:17:03","date_gmt":"2019-10-24T05:17:03","guid":{"rendered":"https:\/\/joanmcewan.com\/?p=2027"},"modified":"2022-10-05T13:00:37","modified_gmt":"2022-10-05T03:00:37","slug":"why-women-in-leadership-roles-is-key-to-innovation","status":"publish","type":"post","link":"https:\/\/joanmcewan.com\/why-women-in-leadership-roles-is-key-to-innovation\/","title":{"rendered":"Why Women in Leadership Roles is Key to Innovation!"},"content":{"rendered":"\n<p>Why women in leadership roles is key to innovation? It&#8217;s a bit like adding the missing link in the chain. It&#8217;s the part that makes the process complete. It adds substance, a different&nbsp;perspective and a different experience.&nbsp;Time to challenge the &#8220;norms&#8221;!<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">The Learning Curve!<\/h4>\n\n\n\n<p>We have learned a lot from the last decade of disruption. Moving into the next decade of 2020 and beyond. Time to maximise our learnings?<\/p>\n\n\n\n<p>I remember vividly the day we bought our first family computer. Back in 1998! A time when &#8220;our norms&#8221; were challenged. It was a huge occasion!<\/p>\n\n\n\n<p>My children had just started high school and they needed a computer for their schoolwork. They were so excited when the computer arrived. They just logged on and instantly they were creating word documents, excel spreadsheets and even developing powerpoint&nbsp;presentations!<br><br>As I watched their excitement, I was in awe! How did they know to navigate round a computer? Clearly our brains were wired very differently! I felt inadequate and scared as I could not understand all the technology at that time. It was like moving into another world.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">When 2 Worlds Collide!<\/h4>\n\n\n\n<p>It was a case of&nbsp;the baby boomer generation meets head on with the millennial generation. 2 worlds colliding to make sense of the disruption that was happening. Not only from a technology perspective but from a human perspective also.<br><br>My&nbsp;children are part of&nbsp;the Millennial generation.&nbsp;Life for them was always about disruption. Born between 1981&nbsp;&#8211;&nbsp;1996 the millennials make up more than 52% of the current workforce. By <a rel=\"noreferrer noopener\" href=\"https:\/\/www.weforum.org\/agenda\/2019\/04\/business-case-for-diversity-in-the-workplace\/\" target=\"_blank\">2025<\/a> the millennial workforce will have increased to 75% globally. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Some Millennial Characteristics!<\/h4>\n\n\n\n<p>Millennial <a rel=\"noreferrer noopener\" href=\"https:\/\/time.com\/247\/millennials-the-me-me-me-generation\/\" target=\"_blank\">key characteristics<\/a> :-<\/p>\n\n\n\n<ul><li>Tech savvy, optimistic<\/li><li>Idealists and financially responsible albeit&nbsp;with a massive student loan debt<\/li><li>Achievement and team orientated&nbsp;<\/li><li>The view of their world is flat, they have no leaders. <\/li><li>70% of them check their phone every hour. <\/li><li>Money is important to them however,<\/li><li>They are more focussed around lifestyle<\/li><li>Experiences are more important than material possessions.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">The Workforce!<\/h4>\n\n\n\n<p>Currently<a rel=\"noreferrer noopener\" href=\"https:\/\/www.forbes.com\/sites\/soulaimagourani\/2019\/05\/03\/this-is-how-the-future-of-work-life-balance-will-look-like\/#2e346e5134ce\" target=\"_blank\"> 5 generations<\/a> are in the workforce.&nbsp; All working differently with different beliefs,&nbsp; values and needs.&nbsp; Millennials are focused on prevention. In other words changing the traditional way of working. <\/p>\n\n\n\n<p>Focussing on generating and trading knowledge in organisations will become the norm, rather than material possessions.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Future Workforce!<\/h4>\n\n\n\n<p>Moving forward knowing the<a rel=\"noreferrer noopener\" href=\"https:\/\/www.forbes.com\/sites\/soulaimagourani\/2019\/05\/03\/this-is-how-the-future-of-work-life-balance-will-look-like\/#2e346e5134ce\" target=\"_blank\"> skills and attributes<\/a> of our workforce. The need to generate and share knowledge will require innovation and creativity.<br><br>The millennial workforce of the future has a different perspective of balance. Reforming workplaces. Balance will be the new currency. Change of focus around energy and freedom. Looking for inspiration not control! To be visionary.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">So whats the point?<\/h4>\n\n\n\n<p>Why Women in Leadership Roles is Key to Innovation!<a rel=\"noreferrer noopener\" href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/business%20functions\/organization\/our%20insights\/leading%20agile%20transformation%20the%20new%20capabilities%20leaders%20need%20to%20build\/leading-agile-transformation-the-new-capabilities-leaders-need-to-build-21st-century-organizations.ashx\" target=\"_blank\"> Workforces <\/a>are being driven to transform their organisations to become&nbsp;agile. <\/p>\n\n\n\n<p>Requiring a different type of leadership. Women are vital for this change. Bringing different skill sets. Exploring challenges with a different perspective.<br><br>Organisations that want to be successful will be <a rel=\"noreferrer noopener\" href=\"https:\/\/www.mckinsey.com\/~\/media\/mckinsey\/business%20functions\/organization\/our%20insights\/leading%20agile%20transformation%20the%20new%20capabilities%20leaders%20need%20to%20build\/leading-agile-transformation-the-new-capabilities-leaders-need-to-build-21st-century-organizations.ashx\" target=\"_blank\">agile<\/a>. Ever changing and flexible. Morphing into a new expression. Changing culture as times and values change. <\/p>\n\n\n\n<p>Future leaders will be visionaries, coaches and architects. Becoming catalyst&#8217;s for change.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Women in leadership roles matter?<\/h4>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.insurance.ca.gov\/diversity\/41-ISDGBD\/GBDExternal\/upload\/McKinseyDivmatters201411.pdf\" target=\"_blank\">Research<\/a> indicates that having women in leadership teams improves problem solving. Provides a different perspective based on their experiences. People with different lifestyles and backgrounds challenge each other more.<br><br>The article also mentions, teams that have innate and acquired diversity are found to be better positioned.  Understanding the changing needs required to develop winning innovations. <\/p>\n\n\n\n<p>By breaking down personal biases forces organisations to work&nbsp;inclusively. Increased communication fosters creative solutions.&nbsp;<\/p>\n\n\n\n<p>In summary the data suggests that homogeneity restricts innovation. However, organisations that are dominated by any one ethnicity made worse decisions.&nbsp;&nbsp;<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/www.shl.com\/en\/blog\/increasing-gender-diversity-women-lead-in-leadership-challenges\/\" target=\"_blank\">Further research <\/a>highlights that women&nbsp;are generally more successful&nbsp;and outperform men when:-<\/p>\n\n\n\n<ul><li>Lead geographically<\/li><li>Have diverse teams<\/li><li>Change cultures&nbsp; <\/li><li>Delivering under high uncertainty<\/li><li> Delivering high profit margins.<\/li><\/ul>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/hbr.org\/2019\/02\/research-when-gender-diversity-makes-firms-more-productive\" target=\"_blank\"> Gender diversity<\/a> relates to more productive companies<\/p>\n\n\n\n<ul><li>A diverse workforce is more appealing&nbsp;to attract talent<\/li><\/ul>\n\n\n\n<ul><li>Similarly,  when diversity is valued, diverse idea exchange occurs<\/li><\/ul>\n\n\n\n<ul><li>In addition investors like  diverse workforces<\/li><\/ul>\n\n\n\n<ul><li><a rel=\"noreferrer noopener\" href=\"https:\/\/ssir.org\/articles\/entry\/women_and_innovation_making_the_connection\" target=\"_blank\">Increased business<\/a> innovation occurs with greater gender equality<\/li><\/ul>\n\n\n\n<p>Research conducted by <a rel=\"noreferrer noopener\" href=\"https:\/\/www.pewsocialtrends.org\/2015\/01\/14\/women-and-leadership\/\" target=\"_blank\">Pew research centre<\/a>&nbsp;found women are stronger in key areas:-<\/p>\n\n\n\n<ul><li>34% better at working out compromises<\/li><li>34% more likely to be honest and ethical<\/li><li>25% more likely to stand up for their beliefs<\/li><li>30% more likely to provide fair pay and benefits<\/li><li>25% better at mentoring<\/li><\/ul>\n\n\n\n<p>Moving into the next decade the research is supporting more female leaders in the workplace. A time has come where both organisations and individuals can collaborate to support growth and innovation. A time to benefit from five generations of knowledge, skills and experience.<\/p>\n\n\n\n<p><a href=\"https:\/\/joanmcewan.com\/#contact\">Would love to hear your thoughts?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why women in leadership roles is key to innovation? It&#8217;s a bit like adding the missing link in the chain. It&#8217;s the part that makes the process complete. It adds substance, a different&nbsp;perspective and a different experience.&nbsp;Time to challenge the &#8220;norms&#8221;! The Learning Curve! We have learned a lot from the last decade of disruption.&hellip;<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,27,23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Women in Leadership Roles is Key to Innovation! - Joan McEwan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/joanmcewan.com\/why-women-in-leadership-roles-is-key-to-innovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Women in Leadership Roles is Key to Innovation! - Joan McEwan\" \/>\n<meta property=\"og:description\" content=\"Why women in leadership roles is key to innovation? 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