Although women in India are entering the workforce in increasing numbers, almost half drop out between early and mid-career. In India women comprise 24% of the workforce, and only 5% reach the top, compared to the global average of 20%. In addition, there are 1500 board seats to fill (Current Catalyst Census) and only 9.5% women sit on the board of the top 200 companies. The Companies Act, 2013 , passed by the Indian parliament, makes it mandatory for public and private firms with an annual turnover of at least three billion rupees ($50 million) to have at least one female director.
India does not have a structured, integrated development solution to build a pipeline of senior women leaders in high growth markets. In response to this gap, PotenciaMentis Global Consulting has derived a development model called SEE, based on both Catalyst and McKinsey’s extensive research in the women leadership space.
INSPIRA: SEE Women Leaders Evolve is a movement to fill this gap and it places EQ at the center of its model.
PotencialMentis Global Consulting is launching INSPIRA on July 7th & 8th at Westin, Gurgaon, India. There will be 20 international speakers, including INSPIRA Founder and MD, Ramona Miranda, and CEO of Six Seconds, Josh Freedman. Other presenters include women leaders from Microsoft, American Express, Punjab National Bank, and more. Speakers also include leaders from Xerox, Crocs, and Amazon. Both days are designed around the SEE development model. For a full roster of speakers, a schedule, and registration: www.inspira.net.in
Day two will be experiential – we have gurus in the space of Strategic Thinking (Ranjan Malik, Director Erehwon Innovation Consulting) & Executive Impact with Emotional Intelligence (Joshua Freedman, CEO Six seconds, USA) to inspire & hone women leader skills.
What is the SEE model & what will it impact ?
S stands for Strategic –
“When there’s that moment of ‘Wow, I’m not really sure I can do this,’ and you push through those moments, that’s when you have a breakthrough.” Marissa Mayer, CEO of Yahoo! The big question is how to shift an orbit, strategically – be it a product, process, business model, a market, or a country. Ranjan Malik the guru on innovation will provide a hands-on experience at INSPIRA.
E stands for Executive Impact-
Research by catalyst says that 26% of all senior level promotions happen on account of executive presence. 81% of women in the same survey found it difficult to understand how to raise executive presence. Gravitas, communication and appearance make up executive impact. One aspect of gravitas is “grace under fire”. Irene Rosenfeld, CEO of Mondelez International, says “Our emerging workforce is not interested in command-and-control leadership. They don’t want to do things because I said so; they want to do things because they want to do them.”
E stands for Emotional Intelligence –
There is a global 75,000 data point study done by Six Seconds: The Emotional Intelligence Network, called the “State of the Heart” Survey. It’s basically an EQ SWOT that enables us to understand how we can we bring out EQ to our life and work every day.
In the results of the Six Seconds’ survey, Mr. and Ms. Average reflect as nearly opposite on EQ Competencies. The greatest weakness of Mr. Average is the ability to pause and consider impact of decision before taking action (apply consequential thinking). And women have this as their strength.
Ms. Average’s greatest weakness is navigating emotions around issues such as office politics, being stuck in the organizational matrix, advancing her career, etc. A women leader finds it difficult to navigate emotions in a way that rises above these challenges. The question is, how we can learn to exert influence beyond the matrix and learn to navigate it as well?
“With kids, they don’t do what you want them to do when you want them to do it. Organizations don’t necessarily, either. You’ve got to listen. You’ve got to learn how to influence.” – Ellen J. Kullman, CEO of E. I. du Pont de Nemours and Company in Wilmington and a former director of General Motors
If you are running a business, performance is your benchmark. If you take this seriously, often you are faced with giving up preconceived notions or habits, looking at the data, and adapting your practices. The data are increasingly clear: Women do create a leadership edge for your business. In our surveys of business leaders, the vast majority of issues are around people performance – getting and keeping talent, and building alignment. On average, women leaders are better at solving those challenges. The SEE model helps women increase effectiveness in areas where they struggle and in areas where they area already strong. INSPIRA is only the spark to the movement that we hope will gain momentum and energy as it builds.
More information: http://www.6seconds.org/events/inspira-leadership-conference/
Special thanks to Ramona Miranda for supplying text for this article.