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The Quintessential Survival Guide in the Corporate Quagmire! | |
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Reflections in the Glass Ceiling
The recent news about one of America's most powerful woman ceo's being removed from office has raised the discussion about gender bias, again. It disappoints me that in 2005, I still hear women clients talking about "the old boys' network". They say "glass ceilings" are holding them back in terms of advancement, pay equity, recognition and career satisfaction. While I have no doubt their assessments are valid; it's important that we don't generalize too much. There are other reasons as well. First, discretion is no longer the best part of valor. While Shakespearean wenches were prized for their discretion, professional women in today's competitive workplace are often held back by the very quality that is too often expected of women. So let me be clear on this: Women - working quietly and selflessly will not get you to that corner office! In my line of work, I still hear business professionals blaming the 'glass ceiling' for women's scarce presence in the executive suite. Research (and my own experience) shows that while the glass ceiling isn't completely cracked, it is not the main obstacle for women's advancement to the upper echelons of corporate America. The good old boy network (active as it is) is no longer what provides men the biggest advantage in the workplace. Men's advantage comes from their willingness to speak about their accomplishments, having learned from an early age how rewarding it is to talk about winning and being first--in a ball game, in a race, in the class rankings. As boys become men and enter the workplace, they have found that in most cases it is still worthwhile and good business to push their cause--to their boss and their co-workers and their clients, too. Contrast that attitude and behavior to that of women, whose early years are marked by societal encouragement and positive reinforcement for being amenable and social and not aggressive or assertive. Today's companies are filled with many women who grew up getting positive strokes for being discreet, sociable, attractive, quiet, and not competing with boys in boys' games. These women entered the workforce with no developed skills for self-promotion - and perhaps even a conditioned aversion to such indiscreet (and unseeming) activity. Over the 25 years I was a senior executive working in boardrooms across the US and Canada I repeatedly saw bright and talented women exhibit this conditioned aversion to applauding one's accomplishments and embracing self-promotion. That type of behavior holds women back from advancement, pay equity, recognition from the boss, and career satisfaction. And while I would like to be the only person with this opinion - I am not. There is recent research backing up this observation. I recently reviewed an article written by William Ryberg for the Des Moines Register. Ryberg's article focused on the results of a study conducted by the Nexus Executive Women's Alliance of 1200 businesswomen in Australia in 2002. In it, women were asked for their views and opinions about the principal barriers to their own advancement and success in the workplace. While it still showed up on the results, the traditional 'boys club' was not considered their biggest impediment to upward mobility. The survey results showed that women now recognize that they are their own worst enemy. These professionals identified the barriers affecting them to be: 37.9% - a lack of self-promotion, Based on the feedback I get directly when asking similar questions to clients, I believe this study is applicable on this side of the Pacific. Let's Consider the #1 Reason - Over many years as a senior executive in the United States and Canada, it became clear to me that women often wait to be noticed. It seems they get so caught up in the day-to-day challenges of their work that 'promoting' themselves and what they accomplish is left at the bottom of the pile. Men understand the importance of self promotion in general. And they use it better. While women often engage solely on the work at hand, and believe that a good result will speak for itself; some of their men colleagues will take advantage of whatever opportunity arises to make their case and get some 'face time' with the boss. I've seen talented and accomplished women passed over for advancement because of this lack of awareness and action. Think things aren't really like this? Consider the following two examples and reflect on how immediately they are familiar: Situation A - Emily and Brian are two executives working in commercial real estate; each one just had a good month, closing deals worth $2 million. At the regular month-end meeting, the boss cites each of them for great results. Emily is pleased & credits her success to great teamwork. Brian accepts the praise from his boss and states his plans to close another great deal this month. What's the boss' likely impression? "Emily is a great team player - but Brian is a real go-getter." Situation B - Quarterly earnings are down 50%. The boss calls a meeting to consider new ideas to push the results ahead. Rose, who has a quiet voice, suggests almost tentatively an idea that could be a winner. The management group discusses it around the table and one of them, Josh, really supports the idea. He's assertive in his dialog and passionately defends it. Rose's idea is adopted, but Josh gets credit for the idea. The boss even refers to it as "Josh's project." While Rose's contribution will be remembered by those who care for her, Josh leaves this meeting viewed as a great idea man. So, in summary: You cannot afford to sit back and hope someone will notice your contributions in today's environment. And secondly, develop the skill & learn to talk about your achievements in the workplace. Talk about your work to the right people. This does not mean lowering your standards. It's just recognizing the reality of the environment you've chosen. John McKee is the expert and visionary behind BusinessSuccessCoach.net, an online destination for professionals, from small and large business owners, to entry-level managers to senior-level executives -- and everyone in between, who aspire to maximize their success in the business world. John McKee, a 30-year veteran of corporate boardrooms and executive suites, provides ambitious business people with sound, first-hand advice from a personal "Business Success Coach" and mentor with a wealth of experience. From his Web site, through teleconferences and during on-site corporate seminars, McKee offers professionals practical tips, tools and strategies to help them deal more effectively with, and ultimately capitalize on, the numerous external and internal demands, challenges and "hidden opportunities" faced in the work place every day. John personally hired, promoted and laid off thousands in his career. For more information, please visit http://www.BusinessSuccessCoach.net or call 720-226-9072.
MORE RESOURCES: Faces beyond the numbers of long-term unemployed (AP)
Greece warns bailout rebels of disaster (Reuters) Reuters - Greek Prime Minister Lucas Papademos told lawmakers to back a deeply unpopular EU/IMF rescue in a vote on Sunday or condemn the country to a "vortex" of recession. Greece's grim choice: deep budget cuts or default (AP)
A look at economic developments around the globe (AP) AP - A look at economic developments and activity in major stock markets around the world Friday: NY's AG isn't backing down from Wall Street probe (AP)
Summary Box: Commodities fall on Greece debt woes (AP) AP - GREEK WOES: Commodity prices fell broadly as a plan to fix Greece's crippling debt crisis remained far from settled, renewing concerns about global economic growth. Most commodity prices fall on Greece debt woes (AP) AP - Commodity prices fell broadly Friday after a plan to fix Greece's crippling debt crisis suffered a setback, renewing concerns about global economic growth. Bernanke urges action to heal housing markets (Reuters) Reuters - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery. Obama call for manufacturing revival a tough goal (AP) AP - President Barack Obama is making a strong election-year push for an economic revival "built on American manufacturing." But he faces an uphill slog, with little consensus even within his own party on how to do it. Gov't on pace for $1T deficit despite January dip (AP) AP - The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year. Bernanke: Weak housing has hurt consumer spending (AP)
January budget gap shrinks (Reuters) Reuters - The monthly budget deficit narrowed to $27.4 billion in January from $49.8 billion in the same month a year earlier, partly because some benefit payments normally made in January were shifted to December, the Treasury Department said on Friday. Anxiety over incomes hits consumer morale (Reuters) Reuters - Americans felt worse about their personal finances in early February, but rising confidence in the labor market's prospects should help to support spending and the broader economy. Romney appeals to U.S. business with harsh China talk (Reuters) Reuters - Mitt Romney slammed China's "autocratic model" of capitalism in a speech to technology executives on Friday, keeping up attacks on the economic powerhouse days before a visit from a Chinese official expected to be the country's next leader. Housing a "significant headwind" to recovery: Fed's Pianalto (Reuters) Reuters - The housing market is holding back the broader economic recovery now that foreclosures have become "a national crisis," a top Federal Reserve official said on Friday. Exclusive: Future of bank benchmark rate under review (Reuters) Reuters - A global probe into whether banks colluded to set the interest rates at which they borrow money from each other has thrown into question the future of the benchmark they use to price financial products worth an estimated $360 trillion. Bernanke urges action to heal U.S. housing markets (Reuters)
Spain cuts firing costs in new labor reform (Reuters) Reuters - Spain cut severance pay for workers on Friday and watered down collective bargaining rights, giving more power to employers as it attempts to kick start its moribund jobs market and slash Europe's highest unemployment rate. Portugal watches Greek debt drama with foreboding (Reuters) Reuters - Portugal's economy will shrink as much as Greece's this year, according to IMF projections. The two will have identical current account deficits and the red ink in Portugal's budget will be almost as deep as in Greece's. Trade deficit widens to $48.8 billion in December (AP)
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