Research: Women-led firms have more female board members | 4 women named to highest-rated CEO list | Rebecca Minkoff's confidence trick? Fake it 'til you make it
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June 14, 2016
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Women's leadership news for retail and consumer goods
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Top of the week
[Research: Women-led firms have more female board members]
Companies that are led by female executives tend to have more women on their boards than companies that are led by men, according to research from the group 2020 Women on Boards. "When you have a woman on the board, they are going to be able to help find more women," said Malli Gero, the group's co-founder and president.
[Bloomberg] (6/6)
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Top 10 Myths about the Affordable Care Act
The restaurant industry is characterized by high turnover, thin margins and a large base of variable hour employees, the Affordable Care Act creates some significant hurdles for restaurant owners and operators trying to squeeze out a profit. Unfortunately, many employers are choosing to ignore the law and hope that it just goes away. You don't want to be that person. [Learn more in this whitepaper]
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Women's leadership
[4 women named to highest-rated CEO list]
Four women were included on Glassdoor's list of highest-rated CEOs at large companies. Women hold only 4% of CEO jobs at Fortune 500 companies but held 8% of the spots on the list. Female executives on the list include Deloitte's Cathy Engelbert, In-N-Out Burger's Lynsi Snyder, Staffmark's Lesa Francis and Enterprise Holdings' Pam Nicholson.
[Fortune] (6/7)
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[Rebecca Minkoff's confidence trick? Fake it 'til you make it]
[Rebecca Minkoff]
Minkoff (Jamie Mccarthy/Getty Images)
Rebecca Minkoff credits financing from her brother, embracing social media early on and the ability to retool during the recession for much of her retail success. That and her ability to project confidence. "The people I've met who I thought are the most confident are the least. Theyâre just really good at pretending," she said.
[Forbes] (6/9)
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[Why too much media coverage is bad for new female CEOs]
Companies that get a lot of media coverage for appointing female CEOs tend to see a decline in their stock prices, data show. This may be because investors -- even those who are not personally biased -- assume that other investors will penalize companies with female leaders, researchers say. Eliminating this type of bias could be especially difficult, said Ned Smith of the Kellogg School of Management at Northwestern University.
[Kellogg Insight] (6/2016)
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[Profiting from a passion for luxury fashion]
[Julie Wainwright]
Wainwright (Mike Windle/Getty Images)
Julie Wainwright founded online luxury consignment shop The RealReal in 2011 after watching a friend who would never buy from a stranger on eBay spend money in the luxury consignment shop of a merchant she trusted. "I thought to myself, 'What can I do that Amazon can't replicate?' I wanted to do something Amazon couldn't do, and something that I absolutely loved," said Wainwright, whose company doubled its revenue to $200 million last year.
[American City Business Journals/New York] (6/9)
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Work/life
[Research: Most women work full-time throughout adulthood]
Many female baby boomers were engaged in paid work throughout much of their 20s, 30s and 40s, according to recently published research. Just 8% of those studied "followed a 'stay-at-home' pathway for the majority of these years," researchers Sarah Damaske and Adrianne Frech write. The data illustrate the need for paid parental leave and other supportive policies, they write.
[Harvard Business Review online (tiered subscription model)] (6/8)
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[What working mothers need now]
Women have made gains in the business world in recent decades. But more needs to be done to support women -- and men -- who are trying to raise families, Judith Shulevitz writes. There needs to be a new movement that "demand[s] dignity and economic justice for parents dissatisfied with a few weeks of unpaid parental leave, and strive[s] to mitigate the sacrifices made by adult children responsible for aging parents," she writes.
[The New York Times (free-article access for SmartBrief readers)] (6/10)
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Sponsored content from EY
[The 2016 Consumer Products and Retail Global Corporate Divestment Study]
This year's study focuses on shifting consumer preferences and the power of analytics. You will find market perspective and leading practices related specifically to consumer products and retail, followed by our global study. [See all of the highlights, read the full report.]
Click [here] to learn more about Featured Content
SmartBrief Originals
Read the latest food and beverage coverage by SmartBrief in [SmartBrief Originals]:
- [Keeping it safe and traceable throughout the food supply chain]
- [Chicago chef wins top prize with duck sausage at 19th Championship BBQ and Cookout]
- [College, university foodservice operators look to distributors, manufacturers for help]
Changing workforce
[Where did the phrase "glass ceiling" come from?]
It's not clear who coined the term "glass ceiling," but it has been in popular use for about 30 years. The phrase has spawned a slew of related metaphors, but some say it does a poor job of capturing the current state of affairs for working women.
[The Washington Post (tiered subscription model)] (6/9)
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[Leadership must drive the charge to close the gender gap]
Fixing the workplace gender gap has to start with an inclusive recruitment strategy, writes Jason Wingard, dean of the School of Professional Studies at Columbia. Leaders should work with universities and women's colleges and showcase success that women have had with their organization. Companies with diverse workforces and leadership outperform their counterparts, and leaders must start adapting team composition and company processes to reflect that understanding, he writes.
[The Huffington Post] (6/8)
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Join NEW on Facebook, Twitter and LinkedIn
Join nearly 37,000 industry members connecting and sharing by following the Network of Executive Women on [Facebook], [Twitter] and [LinkedIn]. [Connect] with NEW members, learn about events in your area and join our rapidly growing movement for gender parity in retail and consumer goods.
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The female consumer
[Opinion: Companies struggling with the "for her" marketing approach]
Companies such as High Heel Brewing are missing the mark when it comes to advertising to women, focusing on the outdated "shrink it and pink it" idea, Jessica Contrera writes. Author Bridget Brennan says, "Pink is not a strategy, unless you're raising money for breast cancer research. In 2016, marketing to women is all about being inclusive. That doesn't mean excluding men; it means excluding stereotypes."
[The Washington Post (tiered subscription model)] (6/8)
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News from NEW
"Winning" tops NEW Summit agenda
Senior industry leaders will share their career journeys and insights on conflict and collaboration during the panel discussion "Ambition and Competition: Dreams, Fears and Realities" at [NEW Leadership Summit 2016], taking place Sept. 28-30 in Orlando. More than 1,100 industry leaders are expected to attend this year's Summit, themed "All in to Win." You must be a NEW member to attend. [Join NEW] now and enter promo code "Summit" to save $100 on membership. [Register] by Aug. 10 to save $300 on registration.
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14 graduate from NEW Executive Institute
Fourteen women from nine leading retail and consumer goods companies [have been recognized] as [NEW Executive Institute] graduates, completing the inaugural year-long leadership development program for emerging executives. "We've seen these talented professionals grow their confidence and leadership skills to help guide their organizations to the next level of profitability and sustainability," said NEW Vice President Kathy Bayert. Nominations for NEW Executive Institute 2017 will be accepted starting mid-July.
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Ernest Bramah,
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