The reason that some companies outperform others may be because of their diversity. Statistics has shown that gender-diversity in a company is 15 per cent more likely to outperform a company that has no gender diversity. Companies which are ethnically diversified are 35 per cent more likely to outperform a company that is not ethnically diverse. The reason is that with diversity comes an open sharing of ideas. The S&P 500 companies however do not seem to go by the statistics, because a very small percentage of women hold high positions in their companies.
Many women struggle to reach management or director positions in their companies, but Susan McGalla led the way for other women to rise up to important positions. Susan was raised with two brothers and a dad who was a football coach. She was not pampered just because she was a female. Susan earned everything she worked for and carried those ideas throughout her life. Susan became extremely successful and held many high level positons.
Susan worked for American Eagle Outfitters and worked her way up through the company. There were only male executives in the company when she started. Upon her exit from the company, Susan was the president. Susan in now with the Pittsburgh Steelers as their Vice President of Creative Development and Business Strategy. She is the founder of P3 Executive Consulting. She developed an innovative campaign for fans to “wear what we wear” and increased the sales of the Steelers gear. Susan feels that women do not want to be thought of as just women working for the company, but as professionals.
There are plenty of networks and initiatives for women to learn how to advance in their careers. The network group’s offers women support, ideas, and platform strategizes on how to move up through the ranks in their company. They are given connections with other women in their fields and taught the latest trends in the business world.
The latest idea is to have executive mentors in the company who would sponsor women into leading projects on important assignments. Executive sponsors would then be given an incentive to help women to become leaders. Mentorship within the company would help to diversify the company and help the company to outperform those companies who do not diversity.