Costin Ciora, PhD.’s Post

A new post on the blog about why selfishness is important in your career!

All of this, but especially this: ✨From McKinsey & Company Gender-diverse executive teams are 21% more likely to experience above-average profitability. Specifically, a higher representation of women on their boards saw a 42% higher return on sales and 66% higher return on invested capital. Companies with gender-diverse executive teams were 27% more likely to have superior long-term value creation.

Bottom line - women are good for business 💪 E.L.F. BEAUTY is proud to place women in the highest seats of decision making power. Fact. e.l.f.’s board of directors is 2/3 women. Fact. e.l.f.’s C-Suite is 50% women. Fact. e.l.f.’s employee base is over 70% women. Fact. e.l.f. has posted 20 consecutive quarters of net sales growth and market share gains, placing us in extremely rarefied territory. Here are more eyes, lips and facts on how women help a business’ bottom line: ✨From The Wharton School: Companies with more women on their boards have higher returns on equity, higher valuations, lower likelihood of shareholder dissent, and stronger boardroom relationships and collaboration. The number of women on corporate boards continues to climb: over 40 percent of the 626 new director appointments in the 3,000 largest U.S. companies were women.   Not convinced yet …? ✨From McKinsey & Company Gender-diverse executive teams are 21% more likely to experience above-average profitability. Specifically, a higher representation of women on their boards saw a 42% higher return on sales and 66% higher return on invested capital. Companies with gender-diverse executive teams were 27% more likely to have superior long-term value creation. ✨From Forbes Diverse leadership teams lead to higher employee engagement - by 13 percent. ✨From the American Psychological Association The proportion of women in an organization was strongly related to the group’s collective intelligence, including the ability to work together and solve a wide range of problems. ✨✨✨Women are good for the bottom line. Work for, buy from, and support businesses who put women in the highest seats of decision making power. Period. ✨✨✨

Love this! 👏 Like the incredible team at E.L.F. BEAUTY , Her Campus Media is also 100% female owned and led by a diverse group that is majority women. This is a huge piece of what has fueled our steady year over year growth the past 15 years and record breaking 2023 and Q1 2024 revenue! ✨From The Wharton School: Companies with more women on their boards have higher returns on equity, higher valuations, lower likelihood of shareholder dissent, and stronger boardroom relationships and collaboration. The number of women on corporate boards continues to climb: over 40 percent of the 626 new director appointments in the 3,000 largest U.S. companies were women.   Not convinced yet …? ✨From McKinsey & Company Gender-diverse executive teams are 21% more likely to experience above-average profitability. Specifically, a higher representation of women on their boards saw a 42% higher return on sales and 66% higher return on invested capital. Companies with gender-diverse executive teams were 27% more likely to have superior long-term value creation. ✨From Forbes Diverse leadership teams lead to higher employee engagement - by 13 percent. ✨From the American Psychological Association The proportion of women in an organization was strongly related to the group’s collective intelligence, including the ability to work together and solve a wide range of problems. ✨✨✨Women are good for the bottom line. Work for, buy from, and support businesses who put women in the highest seats of decision making power. Period. ✨✨✨

According to an S&P Global report, “In the 24 months post-appointment, female CEOs saw a 20 percent increase in stock price momentum, and female CFOs saw a 6 percent increase in profitability and 8 percent larger stock returns.” There's no doubt that women will continue to excel in the business landscape once they take over the reins of their companies, but I've had many ask HOW we accomplish this. It's actually rather simple: by focusing on communication, community, and emotional intelligence we're able to bring together leaders with the same passions, creating a company built by like-minded individuals working toward a common goal. #WomenInLeadership #FutureOfBusiness #Data

Investing in companies led by women not only benefits society and the environment but also contributes to economic growth and market stability. Despite this, many female founders, CEOs, and women in leadership roles struggle to secure the funding necessary for success. However, investors, whether professional or retail, stand to gain by supporting businesses owned and led by women. "Women Deliver Results"- - Financial Performance- Companies with more women in leadership positions tend to have "higher profits, better returns on equity", and "stronger financial performance" overall. - Innovation and Decision Making-Study by Forbes shows companies with diverse leadership teams make "better decisions" and are more "innovative". - Employee Engagement-Women leaders are often seen as fostering a more "collaborative" and "inclusive" work environment, leading to higher employee engagement. "The Business Case is Clear"- The underrepresentation of women in leadership limits access to a significant pool of talent, hindering business growth. A study by Peterson Institute for International Economics estimates that closing the gender gap in leadership could add "trillions of dollars" to the global economy. "The Future is Female" The number of women-owned businesses is rapidly growing, demonstrating women's entrepreneurial drive and potential. Consumers are increasingly drawn to companies with diverse leadership, making it a smart business decision. #WomenLeaders #WomenOwnedBusinesses #FemaleFounders #SheMeansBusiness #InvestInHer #Diversityandinclusion #ImpactInvesting #ESGInvesting #FinancialPerformance #EconomicGrowth

I love how Pink Chip is using data to empower women by providing invaluable insights into the pivotal role of women in driving business success. With data on women's leadership becoming increasingly vital, Pink Chip empowers companies to make informed decisions and harness the full potential of diverse talent. #Data #WomensEmpowerment #WomenInLeadership

Over the weekend, I had the privilege of attending the Harvard Business School's Women in Business Conference. I was fortunate to hear from some incredible female leaders, including Ann Sarnoff and Stephanie Kramer. They shared valuable insights that are worth passing on. Here are a few key takeaways: 1. Data is looking in the rearview; you can't always trust it to make future decisions. - While data is incredibly useful, it's important to remember that it only tells us about the past. To make informed decisions, we must be adaptable and anticipate future trends. 2. Bet on yourself, but focus on the company's success instead of the individual. - Success is a collaborative effort. Investing in your abilities while prioritizing the collective success of the team or company is essential. 3. "The goal is not to be invited to another's table, but to set your own and invite others." - We can create opportunities, foster inclusivity, and encourage others to work towards a shared goal; we do not need to fit within the existing boundaries. 4. "Just because you carry something well doesn't mean it's not heavy." - This is an eloquent reminder that resilience and competence don't negate the challenges one faces. 5. "You can do it all: not all at once and not alone." - Ambition is powerful, but seeking balance, collaboration, and support are essential to our success and well-being. #femaleleadership #womeninbusiness

📉 The leadership pipeline for women has hollowed out in the middle, and we need to address it now. A new global study by IBM and Chief, “Women in Leadership: Why Perception Outpaces the Pipeline—and What to Do About It,” highlights the current state of women in leadership across 2,500 organizations in 12 countries and 10 industries. 🔎 Key Findings: 📈 Progress at the Top: - Women now make up 12% of the C-suite and Board roles. - 40% representation in junior roles, up from 37% in 2021. 📉 Broken Bridge: - Senior VP roles: Dropped to 14% (from 18% in 2019). - VP roles: Down to 16% (from 19% in 2019). ❗ However, fewer than half of organizations (45%) have formally prioritized advancing women into leadership. Why This Matters.. Bridging the gap between entry-level and top leadership positions is crucial not only for equity but also for business success. Lindsay Kaplan, Co-Founder and Chief Brand Officer of Chief, emphasizes, “If companies prioritize gender diversity across their entire organizations through policies, investments, and a culture that meaningfully supports women, we’ll see a transformative impact—equity for everyone in the workplace and stronger, more resilient businesses.” 📝 Top Insights: 1. Optimism vs. Reality:   - Many expect gender parity in leadership within 10 years, yet data suggests it’s still decades away. 2. Persistent Biases:   - Career development and diversity training are on the rise, but biases linger. For instance, only 40% of male managers believe women with dependent children are as dedicated as those without. 3. Gendered Leadership Attributes:   - Men are valued for creativity and results, while women are expected to be strategic, bold, and people-oriented. 4. Pandemic Impact:   - The pandemic continues to disproportionately affect women, being ranked as the most significant disruption for them at work. What Can Be Done? 🔄 Reframe Leadership Advancement: Highlight the concrete economic gains from achieving gender balance to make a strong business case. 📊 Set Measurable Goals: Create specific, actionable plans with measurable goals for advancing women. 🔄 Enact a Comprehensive Action Plan: Adopt experiential learning methods like role-playing and reverse mentoring to address biases effectively. 🔄 Re-Design Leadership Roles: Ensure hiring criteria are gender-neutral to attract the best talent. 🚀 The time to act is now. Let's build a robust, inclusive leadership pipeline that supports and advances women at all levels of the workforce.** --- Hi, I’m Loren. I’m committed to driving equity in leadership and fostering inclusive environments where everyone can thrive. 💬 Share your thoughts in the comments below. Let’s keep this important conversation going! 📌 Follow me for more insights on leadership and diversity. 

The data unveils a compelling narrative. Companies with representation of women exceeding 30 percent are significantly more likely to financially outperform those with 30 percent or fewer, according to the recent McKinsey Diversity Matters report. Diversity isn't just a source of goodwill—it's a bottom-line booster. Why is diversity a game-changer for business? 1️⃣ Drive Financial Performance: The correlation between diversity and financial success is indisputable. Diverse companies consistently showcase superior financial performance. For every 10% increase in diversity on leadership teams, EBITA rises by 3.5%. 2️⃣ Global Market Advantage: In an interconnected world, diversity is a strategic advantage. Diverse teams understand and navigate global markets more effectively. Studies show that diverse and inclusive companies are 70% more likely to capture new markets. 3️⃣ Inclusive Leadership Yields Results: Companies with inclusive leadership are 120% more likely to understand and meet financial targets. Investing in developing inclusive leadership skills ensures leaders drive positive change and maximize the potential of every team member and customer. 4️⃣ Enhancing Problem-Solving Dynamics: Diverse teams approach problem-solving with many perspectives. This diversity in thought is a catalyst for innovation. A study by Boston Consulting Group found that companies with diverse management teams generate 19% more revenue due to innovation. At RevOpsforce, we acknowledge and celebrate the incredible contributions of women in our workplaces and communities. We are unwavering in our commitment to fostering a diverse and inclusive workforce—not just today, but every day. #InternationalWomensDay #BusinessImpactofDiversity #DiversityandInclusion #valuecreation #revops