Don’t miss the latest developments in business and finance.

Women leaders see tech disruptions as an opportunity: Study

Image
Press Trust of India Mumbai
Last Updated : Jun 14 2018 | 6:10 PM IST

Women business leaders are prepared to take on the challenges of the tech-driven world, with more than 77 per cent seeing technological disruptions as more of an opportunity than a threat, according to a study.

They are well-equipped with the necessary skills for successfully driving transformation processes, benefiting from their strong networking and communication skills, openness to innovation and a straightforward, customer-centric attitude, KPMG's first global female leaders (GFLs) study said.

"In our digital, technological and VUCA (volatility, uncertainty, complexity and ambiguity) driven world, new capabilities are required to survive. Companies cannot afford to ignore the power of the women workforce," it added.

The survey, which covered 699 GFLs from 42 countries, including India, and from 14 industry sectors, revealed half of GFLs (51 per cent) believing their company to be the disruptor of their sector, rather than being disrupted by competitors.

Thirty-seven per cent of the respondents come from companies that have more than USD 500 million in annual revenue, the others (62 per cent) come from companies with under USD 500 million.

The findings of the study present a contrast to the recently launched KPMG 2018 Global CEO Outlook, where only 15 per cent of the respondents were women.

More From This Section

But there are also differences with a majority of GFLs (77 per cent) who are very confident about growth potential for their company, down from 90 per cent of their largely male counterparts.

"Digital transformation begins with a comprehensive understanding of our clients' current and future needs. The global female leaders interviewed appear strongly positioned to drive growth and profitability for their companies," said Susan Ferrier, global head of people, KPMG International.

Meanwhile, the study revealed that GFLs are agile and know their strengths, however, they still see the need for cultural changes in order to support gender equality.

Only 28 per cent see their next career step within their existing company, it added.

About 83 per cent see 'enablement' programmes for women as a good way of bringing more women into leadership positions, despite this when women leadership quotas were cited as being the least relevant (4 per cent), according to the study.

Also Read

First Published: Jun 14 2018 | 6:10 PM IST

Next Story