Interesting read from Harvard Business Review about how adding women to the c-suite leads companies to shift they way they make decisions. The good news– the study shows the more women hired the better! Here’s why:
1. Firms become more open to change and less open to risk–leads to management teams embracing transformation without taking huge risks.
2. Firms shifted focus from M&A to R&D– shift from knowledge-buying to knowledge-building strategies.
3. The impact of female appointments was greater when they were not “the only” woman in a particular role– larger shifts in thinking occur when new hires are brought in as small cohorts.
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