Lady LUX

Ladies, we’ve come a long way since WWII called us out of our homes and out from our traditional roles of caregivers and housewives. This temporary call to action initiated by our country shifted into something far greater than anyone could have ever anticipated—it paved the path for women entering the workforce, and allowed us the opportunity to broaden our perspectives on what is possible for ourselves and our lives. Well LUXies, it seems the economic downturn is calling on us to provide a ‘dose of our feminine perspective’ in the workforce.

New research by several organizations, such as Ernst & Young, Columbia University, McKinsey & Co., Goldman Sachs and Pepperdine University, has found that companies with more women at the top of organizations have a much higher probability of corporate success! Overall, these studies and the power of statistics has highlighted how those that have more women in powerful decision-making roles where actually less effected negatively by the economic downturn compared to those companies with less! Interesting, right?!?

The studies Ernst & Young rounded up show that women can make the difference between economic success and failure in the developing world, between good and bad decision-making in the industrialized world, and between profit and loss in the corporate world. Their conclusion: American companies would do well with more senior women.—via Washington Post

Another Plus Point to this is, not only were these companies less affected, but also were actually more profitable in today’s business conditions. This information is HUGELY valuable for appreciating our roles and feminine perspectives boardroom to boardroom. It also begs the questions of how this research could influence women in general? Will it affect the way we value each other in the workforce? Will it influence the current pay inequalities that exist between genders??

LUX Nation, this research is not just trending in US companies—it’s also showing in Europe!

The “diversity prediction theorem” is part of the most cutting-edge thinking about best business practices. Scott Page, an economist at the University of Michigan, uses mathematical models to demonstrate that a diverse group will solve a complicated business problem better than a homogeneous group. In fact, diversity is even more important than expertise. –via Washington Post

This is powerful information that has the opportunity to completely break any current barriers in the corporate world in regards to gender bias and diversity perspectives! This is extremely LUX for our economy, our future way of doing business and for humanity all together. There is so much more that can be created when leveraging our differences and bringing many perspectives to the table. One way of thinking can never sustain longevity in a complex world of business.

If you would like to read more and see the details of the studies, visit Washington Post.

So LUXies, what are your thoughts? Does this information surprise you? How does this impact the way you see your role in leadership or in the workforce? Do you work in one of these positively affected environments? Let us know!

Live.Love.LUX.

Tagged in: workplace, economy, higher profits with more women in board room, women leadership, diversity,