This week’s lesson on gender and leadership is one that really resonated with me. The statistic in the lesson states that in 2002, there were only 5 female CEOs within the Fortune 500 companies is one that I thought about even after reading this lesson (Hamel, 2021). This statistic made me ponder whether the number has increased over the last 19 years since there has been more movement towards equality for women. According to Benveniste from CNN (2020), as of September 2020, the number of female CEOs in the Fortune 500 companies have reached an all time high of 38. This number is still unfortunately low because it is not even a quarter of all of the Fortune 500 CEOs, however it is still nice to acknowledge that there has been a general increase of female CEOs. Like the lesson stated, research shows how all genders are more than capable of being a leader, and it is just stereotypes that affect positions. Research done by Eagly and their team has proved this: male and female leaders do not differ in actual effectiveness (Eagly, Karau, and Makhijani (1995). It is important for women to not try to behave like men or compare their leadership styles to a man’s and to remain true to themself with confidence.
It is unfortunate that even still with time passing by, there is not a more defined increase in female CEOs or another top executive position. As explained by Northouse (2020), there are several explanations for why women hit what is known as the ‘glass ceiling.’ Though there is research done to try to explain this, none of the theories make sense and seem to be quite outdated because they say things women lack experience or the traits needed. There were a lot of firsts for women in 2020 and more pushes toward gender equality. More and more women are starting to break their glass ceilings, which serves as motivation for other women to break theirs, though according to Elsesser (2020), women in high positions does not mean there will be more gender equality in that workplace. In 2020 alone, there were two more female CEOs, the first woman vice president elected, as well as the president appointing two female appointees, as well as the first woman manager for a MLB team (Forbes, 2020). In order for these barriers to be broken, people in the company need to not focus on the gender of the person in the leadership role, and focus on their ability to lead the company to success.
Benveniste, A. (2020, August 04). The fortune 500 now has a record number of female CEOS: A WHOPPING 38. Retrieved April 18, 2021, from https://www.cnn.com/2020/08/04/business/fortune-500-women-ceos/index.html
Elsesser, K. (2020, December 14). Here’s why glass ceiling may remain intact despite female leadership. Retrieved April 18, 2021, from https://www.forbes.com/sites/kimelsesser/2020/12/14/heres-why-glass-ceiling-may-remain-intact-despite-female-leadership/?sh=10069d235175
Hamel, R. (2021). Lesson 13: Leadership and Diversity
Northouse, P. G. (2019). Chapter 15 Gender and Leadership. In LEADERSHIP: Theory and Practice (8th ed., pp. 403-425). Thousand Oaks, CA: SAGE PUBLICATIONS.