Many individuals would have believed that listening to women makes better decisions, but a recent study from McMaster University has shown this. Organizations that take into account the opinions of women typically make more effective and balanced decisions, according to the study, which polled more than 600 board directors in the industry.
Female leaders are more likely to take into account alternative perspectives, evaluate long-term effects, and approach problem-solving collaboratively, according to the study. Businesses run by women have a 42% greater return on sales and a 53% higher return on equity, indicating improved business performance.
So why does this occur? Scholars have found that women in leadership positions are more likely to prioritize sustainability, ethics, and equity before immediate profits. They make excellent decisions in business settings because of their capacity to weigh risks while putting people’s rights first.
However, this holds true for daily life as well as business. Hearing what women have to say can result in more considerate and practical solutions, whether in communities, businesses, or families.
Further supporting the growing movement for gender diversity in leadership are the findings. Policymakers and businesses may need to reconsider how they handle recruiting and promotion in light of data demonstrating that female executives provide better outcomes.
Consider the counsel of the ladies in your life the next time you have to make a difficult choice. Science suggests that it might be the best course of action!
