Superior women v/s organisation
The intensity of global competition has become influential and has compelled firms to view women managers as a competitive advantage rather than as a legislated necessity. The globalization and fierce competition has forced corporations to maximize their human resource. The opportunity cost of prejudice of firms rejecting women input and limiting men is much higher than in the previous economic environment.
The 5-letter word, women can be split as W = wealthy, O = opportunistic, M = magical, E = entrepreneur, N = noble. This was just one abbreviated meaning which comes from the word women. In the recent scenario, the women in India are in turn bringing a great revolution by their participation in various fields; hence why should they be excluded to have their positioning in the corporate board rooms. Companies mostly are preferring to hire more women in the higher hierarchy level in order to bring better rationalization. A recent case study conducted in Malaysia, where women have been successful in breaking all the records, showcases their leadership and managerial skills in various corporate governing firm. Sadly, this is not very true as far as the story of India goes. The Indian companies have failed to realize this economic reality and are positioning the top nosh positions to the so called stronger sex i.e., men. We are still living with the old stereotype mentality that women are only suitable for taking softer responsibilities.
The Indian subcontinent can be foreseen as a mixture and amalgamation of various traditions, culture and practices which have been followed by the people since the historic times, the managerial practices hold a dominant role which has been built upon the cultural tradition and value based system followed in our society.
With its context to the leadership factor there are many good examples which can be examined with the socialistic assumptions being followed and believed in such as “upper cast man is right”, “think manager, think male”. Our society has always been male dominated; it’s like a stigma inside each and every living Indian who feels that if we want good leaders and want our company to do well there is no better option than recruiting a male instead of a female. It’s a very complex picture which is being made and represents a masculine management paradigm.
To support this fact there has been stunning statistics which states that only 26.1 percent of the listed companies (392 of 1,500 firms) have women seeking higher positions. A recent study states that, out of 278 directors there are only 10 women directors on the BSE Sensex companies. The total earning of women executives is estimated to be only 40 % less than what men earn over their entire career life. And if we lay our comparison to the rest of the world, only 36 percent of Indian companies have women holding senior management positions as compared to 91 percent of companies in china and western countries.
There can be various reasons which have prevented women from occupying leadership positions in the corporate world; moreover it is the attitudinal or organizational bias which acts as a catalyst to this emerging differentiation and disparity. The women executives are paid far less than their male counterparts; also it is generally being observed that the internal corporate culture prevailing in Indian companies have a big role to hamper the women’s advancement. Going by the book, the corporate policies and practices state that women are only meant to be taking care of the qualities and men outperform in taking charge of the qualities and in spite of betterment of performances of women, they receive less approval and recognition from their male bosses, which results in slow promotion.
There are also many challenges which women executives face in the corporate scenario such as sustaining a balanced work life along with the personal expectations which come from her family life. Another issue is the dual mind thinking which women face when it comes to leadership behavior, if they stand assertive and rigid in their decisions taken they are looked upon negatively but if this is reversed then they are regarded as poor leaders.
The Indian corporate companies need to wake up from their old traditional thinking and take radicle formidable steps which can help women to grow up in the hierarchy levels and change must come this way to give a new beginning.