Business Arena celebrates women's success

Looking at the global context, McKinsey & Company’s Women in the Workplace 2021 report underlines the inadvertent or targeted biases prevalent in the corporate ecosystem that diminishes women’s ability to rise to C-suite roles. The study indicates that American companies, when promoting every 100 men to managerial roles, they only promote 86 women. This omission reduces their representation at the manager level, which This lack of representation means that many women are not getting a fair chance to prove themselves capable leaders and innovators within their respective industries.
Experts have found that having women in leadership positions is beneficial for businesses overall. Some studies have associated having more women in leadership roles with increased profitability and lowered risk-taking. Others have found that firms with women on their boards displayed higher returns on equity and higher valuations.
Moreover, the studies show the lack of women representation at this level is not due to a lack of interest. Instead, it’s due to the lack of opportunity.