Male executives may have to swallow their pride when it comes to which of the sexes do a better job at running a company, according to a recent study.
A report on global businesses called "Women Matter" by McKinsey & Company , suggests that the firms where women are most strongly represented at board or top management levels are also the companies that perform best in terms of growth and earnings.
The study concludes that "women provide a source of high quality talent in a competitive market and have a positive impact on organizational and financial performance."
"Women bring forward a passion that men may not have," says Leslie Wilkins, CEO of isABelt Ltd., a fashion-accessory firm that sells products in more than 1,000 stores.
"That passion is what enables us to not only start and run a business, but to balance it between home and work," explains Wilkins, who started her company five years ago. "I think that's what makes our business run as well or better than if a man did it."
Jacqueline Corbelli, CEO of the interactive television advertising firm Brightline , says the distinctions between male and female executives couldn't be more obvious.
"Women bring two things to the boardroom that some men do not," says Corbelli, who had a 15-year career in the financial services industry before launching Brightline in 2003.Page 1 of 5 | Next Page