The Energizer

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World Economic Forum-Davos Finally Gets it right!

by Eileen McDargh, Chief Energy Officer - Thursday, February 02, 2012
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Women are the way forward. Finally, beginning today - Feb 1- some of the most powerful companies in the U.S (Coca-Cola, Accenture, and others) are signing a worldwide pledge to bring women into the economic mainstream. And not a second too soon. They are finally beginning to understand what development experts have known all along: women are more likely than men to put their income back into their communities, drive up literacy, drive down mortality, and ultimately, raise GDP.

Recently Walmart has pledged more than $20 billion to source women-owned companies in the U.S. and Coca Cola has since announced a similar program to support 5 million women entrepreneurs globally by 2020.

Question though: why must women start their own businesses to flourish? When will U.S. businesses also grasp what a recent Catalyst survey shows: a strong correlation between gender diversity in leadership ranks results in better economic performance for the company.
 

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Eileen McDargh Keynote Speaker Blog Author

About Eileen!

Since beginning her consulting and training practice in 1980, Eileen has become noted for her ability to speak the truth with clarity, wisdom, humor and compassion. Long-standing clients and repeat engagements attest to her commitment to make a difference in minds, hearts and spirits of organizations and individuals. She draws upon practical business know-how, life's experiences and years of consulting to major national and international organizations that have ranged from global pharmaceuticals to the US Armed Forces, from health care associations to religious institutions. Executive Excellence magazine selected her as one of the top 100 thought leaders in leadership and among the top ten consultant providers of leadership development.

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