If you have been away from BCG for more than two years, you may still think of our gender diversity effort as the “Women’s Initiative.” No longer a local, grass-roots initiative, Women@BCG is now a globally supported program prioritized by Rich Lesser and the entire Executive Committee. Its goal is to increase the number, success, and satisfaction of women at BCG, with the charge of finding what works to enable women to improve our firm, and our clients’ organizations. Our internal efforts are having remarkable results (with more yet to do!).
The clear business benefits of a gender-balanced workforce are well known. So why do so many organizations struggle to achieve parity despite spending millions of dollars on interventions? Women@BCG has been actively researching, tracking, and implementing drivers including:
Contrary to popular belief, it’s not a glass ceiling that holds women back, it’s a broken ladder. There are many ways organizations can increase the number and success of their female employees.
As part of a regular research and publication program, Women@BCG recently published Why Women-Owned Startups Are a Better Bet. Our research found that although companies launched by women receive far less early-stage funding than those launched by men, women-owned companies generate more revenue. The paper investigates the biases at play and provides recommendations for investors, startup accelerators, and women entrepreneurs seeking funding.
All Women@BCG publications can be found here, and we are happy to discuss diversity and gender advancement challenges taking place within your organization. To learn more, or to provide feedback about any publication, please reach out to firstname.lastname@example.org
Use your next workout or commute to catch up on the latest Women@BCG research. Fifteen-minute podcasts with Women@ BCG research authors are available here. In Episode 7 you will hear Women@BCG Fellow Katie Abouzahr discussing with Alumna Jenny Abramson (NY 2000-2002) her work as a VC investing in female leaders using technology to solve the world’s biggest problems.
In April several alumnae joined us at the Women in the World summit, cosponsored by BCG. The three-day summit, held at New York City’s Lincoln Center, gathers activists, business leaders, artists, political figures, and celebrities to tell the stories of how they break through barriers in both business and society. It has become the premier platform to showcase women of impact. During last year's event, BCG's CMO Miki Tsusaka took the stage for the "She-Suite" panel with Arianna Huffington, founder and CEO of Thrive Global, Susan Wojicki, CEO of YouTube, and Sallie Krawcheck, CEO and co-founder of Ellevest.
This year, Leila Hoteit (Partner, Abu Dhabi and regional Women@BCG Leader) joined the panel, shedding light on what it takes to create a culture with a balanced power dynamic so more women can thrive as leaders. She also offered insights on the ways that women can reinvent their own careers in order to evolve and create new opportunities.