I read an amazing research report by Mckinsey & Co that suggests 4 leadership traits more often demonstrated by women leaders than men do and interestingly these 4 traits are the most suitable behaviors for the global competitive trends in upcoming years. Hence organizations are shifting their focus to gender diversity in order to foster more strategic and diversified skill sets in their boardrooms.
McKinsey identified 9 Key leadership behaviors that improve organizational performance:
- Participative decision making
- Role model
- Inspiration
- Expectations & Rewards
- People development
- Intellectual Stimulation
- Efficient Communication
- Individualistic decision making
- Control & Corrective action
Alice. H. Eagly conducted a study using Bass & Avolio’s database to sift the behaviors that are applied by each gender more frequently than the other. It was concluded that Women use 5 leadership behaviors more frequently than men do.
McKinsey then conducted a research to find out the most effective leadership behaviors that would be crucial for organizations in the next 5 years. The panel of executives identified four most important leadership traits for the imminent competitive environment. Interestingly the crucial leadership behaviors, needed to cope up with the predicted global trends, are the same behaviors more frequently exhibited by women leaders than other executives.
These 4 traits are:
Female leaders and a diversity of leadership styles can give companies a real competitive edge. The companies that succeed in fostering effective leadership, sustained by a diversity of both practices and gender will gain a unique opportunity to develop a competitive edge that latecomers will find hard and long to acquire especially as the barrier lies in culture and mindset. Such a motivating research report for future women leaders that are looking forward to mark their way to the top.
You can read complete Research report here: Women Matter
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