PepsiCo CEO Indra Nooyi claimed the 11th spot on the latest edition of Forbes' list of the Most Powerful Women in the World, up from No. 14 last year. Other prominent names on the list include General Motors' Mary Barra, Rosalind Brewer of Starbucks and EY's Beth Brooke-Marciniak.
Melissa Waters was in for a surprise after she started at Lyft, as her boss left almost immediately, putting her in charge of the marketing department. One lesson Waters has learned is that "you want relationships that help you reach your potential, and that is true both personally and professionally," she said.
Half of the 397 newest independent directors at S&P 500 companies are women and minorities, according to Spencer Stuart, which analyzed 2017 proxy statements. Shareholder pressure in part accounts for this level, which is the highest since the company began keeping track in 1998.
Gender parity may actually be decreasing, according to the World Economic Forum, which now predicts that it will take 217 years to close the economic gender gap. Eliminating the gender gap completely could add trillions to global GDP, the WEF notes.
An analysis of the startup competitions at the University of Connecticut suggests that startups with women on their leadership teams are more likely to win prize money. Likewise, data from the venture capital firm First Round indicate that startups with female founders may deliver better financial results.
More women are pursuing MBAs amid efforts by organizations such as the Forté Foundation that are providing programs and scholarships designed for women. "The main thing we are trying to do is build confidence and increase the impact women have on the business world," said Kelly Ogiba, Forté's program manager for college and early career women.
The demise of the MBA is simply a "popular myth," says Sangeet Chowfla, president of the Graduate Management Admission Council, whose data show a 6% increase in global applications to MBA programs in the 2016-17 academic year. According to GMAC data, a 13% increase was seen at Asian business schools, and a 4% rise was reported at American business programs enrolling more than 200 MBA students.
When an interviewer asks a candidate where that candidate wants to be in five years, the answer should show that their ambitions are in harmony with the organization's goals, management expert Suzy Welch says. If a candidate focuses on "realism and results," then a hiring manager is more likely to be impressed, Welch suggests.
Forté Foundation is a consortium of leading multinational corporations,
top business schools in the U.S. and abroad, and the Graduate Management
Admission Council (GMAC). Forté has become a powerful change agent directing
women towards leadership roles in business and enabling corporations to more effectively
reach and retain top female talent. It is the only organization that provides a national
infrastructure for women at all stages of the career continuum to access the information,
scholarship support and networking connections they need to succeed in business careers.
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