5 minute read
Changing Executive Opportunities: Breaking Barriers and Making Strides
In the past few decades, women have been making tremendous strides in the workplace, including breaking through the glass ceiling in executive positions. With Women's History Month underway, it's important to recognize the progress that has been made and continue pushing for gender equality in all industries.
However, there is still a long way to go in terms of gender equality in executive positions. The same McKinsey report found that only 18% of C-suite positions are held by women globally, and only 22% of companies have a female executive team member.
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Why is this the case? There are several reasons, including unconscious bias, lack of mentorship and sponsorship, and difficulty balancing work and family responsibilities. However, the good news is that these barriers can be overcome, and women are making strides in doing so.
One way that women are breaking through barriers and making strides is by actively seeking out mentorship and sponsorship. Mentorship is a relationship in which a more experienced or knowledgeable person provides guidance and advice to a less experienced or knowledgeable person, while sponsorship is a relationship in which a more experienced or influential person advocates for a less experienced or influential person to help them advance their career.
A survey by Catalyst found that women who received career development support, such as mentoring and sponsorship, were more likely to aspire to top management positions and receive promotions than those who did not receive such support. However, women are less likely than men to receive mentorship and sponsorship. The same Catalyst survey found that while 73% of men had received career development support, only 65% of women had.
To overcome this barrier, women are proactively seeking out mentorship and sponsorship opportunities. They are networking with other professionals, joining industry groups and organizations, and seeking out mentors and sponsors both inside and outside their companies. Additionally, some companies are implementing formal mentorship and sponsorship programs to help women advance their careers.
Another way that women are breaking through barriers is by advocating for themselves and others. Women are learning to assert themselves and negotiate for higher salaries, better benefits, and more opportunities for advancement. Additionally, women are supporting other women by creating networks and communities that provide support, advice, and resources.
One example of this is the #MeToo movement, which started in 2017 as a way for women to share their experiences of sexual harassment and assault. The movement quickly grew into a broader movement for gender equality in the workplace, with women advocating for better policies and practices to prevent harassment and discrimination.
As more women break through barriers and advance into executive positions, they are also becoming role models and advocates for other women. They are using their positions of influence to create more opportunities for women, mentor and sponsor other women, and advocate for policies and practices that promote gender equality.
Despite the progress that has been made, there is still work to be done to achieve gender equality in executive positions. Here are some additional statistics that highlight the need for continued progress:
• Women make up only 5% of Fortune 500 CEOs (Fortune)
• Women make up only 20% of board seats at S&P 500 companies (Catalyst)
• Women earn only 81 cents for every dollar earned by men (National Women's Law Center)
• Women of color face even greater barriers, with Black women earning only 63 cents and Latina women earning only 55 cents for every dollar
WHEN DID YOU KNOW THIS WAS A CAREER YOU WANTED TO PURSUE?
I knew I wanted to pursue my idea as a business when I became aware of a problem that many women experienced and saw an opportunity to be awarded a utility patent to help women organize and separate items in their everyday bag.
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Volunteer for SCORE, WBENC: Women of Color Committee Member
Know your target market. Why would she/he want your product over everything else on the market? Make sure you understand his/her pain points and speak to those issues in your marketing. There’s no straight path to success. Accept the fact that there are going to be challenges and failures along the way. Your success comes when you learn from those mistakes and you’re flexible to make changes to get through tough times. Never compare yourself to others’ success. Run your own race. Be patient. Be consistent. Be persistent... and keep moving. Nothing beats a failure, but a try.
WHAT IS YOUR FAVORITE AFFIRMATION?
Never limit myself because of others limited imagination and never limit others because of my own limited imagination...
Dr. Mae Jamison
I'm in the process of developing a course to teach others how to bring a product idea to market. For more information about the course contact us at customerservice@minkeeblue.com.
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WHEN DID YOU KNOW TO PURSUE?
I knew this was my desired and organic. Being able or those who desire to treat representation.
WHAT IS YOUR FAVORITE
You are seen before you ready.
DO YOU HAVE OR IN SO, SHARE DETAILS.
Yes, I am the author of Living Purposeful Seasons of Your Journal
FACEBOOK Marsha Malone INSTAGRAM Living Intentionally LINKEDIN Marsha McCray
KNOW THIS WAS A CAREER YOU WANTED desired career because the creativity came so natural to showcase various business women, executives treat themselves to personal branding are heard.. Stay ready so you never have to get
FAVORITE AFFIRMATION?
IN THE PROCESS OF WRITING A BOOK? IF DETAILS.
Living Intentionally Daily Devotional, The Your Life Volume I & II.. 2023 Living Intentionally
Malone McCray Living Intentionally Coaching and Consulting
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WHEN DID YOU KNOW THIS WAS A CAREER YOU WANTED TO PURSUE?
I have always been highly creative and had a desire to help others develop their entrepreneurial and investor mindsets, as well as their creativity skills. It is up to us to create, and we need to support each other along our journey! Our community is crucial in this regard, so designing and directing experiences that support our communities of founders, investors, innovators, and startups, keeping DEI and impact as the heart and soul of my work, is very important to me.
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As an author, I write parables that explore faith-based living, as well as archaeological mystery, Grail-quest fiction (The Knights of the Dagger series) that celebrates strong women and teamwork between men and women.
What Tip Would You Share With Someone
It is never too late—or too early—to start. Take a deep breath (or two, or five), understand how to mitigate the risks, and start. The worst that can happen is you end up course correcting, and the best that can happen is that you end up making magic, and inviting others to share that magic with you.
WHAT IS YOUR FAVORITE AFFIRMATION?
Carly Stuart (my protagonist in The Knights of the Dagger series) always takes a deep breath and says, “Be brave.” :)
DO YOU HAVE OR IN THE PROCESS OF WRITING A BOOK? IF SO, SHARE DETAILS.
I am finishing up The Knights of the Dagger series, then, yes, there are more books in the pipeline! Check out christinegalib.com and follow me on Instagram and Facebook to stay tuned! :)
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