Showing posts with label women. Show all posts
Showing posts with label women. Show all posts

Saturday, January 15, 2011

Multi-Tasking and the Motherhood Penalty

by Tracey Collins
Source
For decades women have learned to divide their focus between the twin demands of career and caretaker.  The National Center for Policy Analysis estimates that 70% of today’s home-based businesses are run by women and a recent US Economics and Statistics Administration (ESA) report put out the by US Department of Commerce attributes “work-life” balance as a key factor for why women are starting businesses twice as often as men.  That same ESA report noted that female businesses grow at a slower rate than male-run businesses.  Female owners tend to work fewer hours than male business owners.  They obtain less outside financing and may expect less business growth than men.  Maybe that is because one-third of all self-employed women have children under the age of 18.  We spend less time working at our businesses because we have less time to work.

If you are a woman running a business alongside other commitments – family or parental -- chances are you engage in a daily struggle for balance.  Some call this multi-tasking, and after years of struggling to balance the tensional pull between my growing family and growing business, I’ve come to loathe this term.


A study in 2002 by John Arden found that, “multitasking decreases your memory ability.” He also claims that for every new task that you take on “you dilute your investment in each task.”  Dr. David Meyer, a psychology professor at the University of Michigan, claims that multitasking can actually hinder a person’s ability to complete tasks at the optimum level because it adversely affects the brain’s short-term memory and concentration. One 2005 UK study actually found that when it comes to multi-tasking, males were superior in quiet conditions; females were superior during distracting conditions. However that same study also noted that male or female, our IQ drops 10 points when multi-tasking.


Here at the SmartGirls Way we have oft debated the upside and downside of multitasking.  When I am effectively multi-tasking I feel empowered, efficient and capable – delivering a feature article in advance of a deadline, plowing through the laundry and wrapping up a new coaching contract in time to steal some precious moments on the playground with my kids.  But on a bad day multi-tasking just seems to provide me multiple things to feel guilty about.   Even if I have had a good session with a client --it wouldn’t be a surprise to discover I’ve forgotten the parent-teacher conference and misplaced my cell phone in the refrigerator.   These are the days that I contemplate closing up shop because the fear of failure – as both a mother and a consultant – clouds my head with doubt and dread.

And I’m willing to bet I’m not alone.  A 2007 Global Entrepreneurship Monitor survey found that an increased fear of failure among women in particular is why fewer people are now considering setting up a business. Is the underlying problem really a fear of failure or an impossible standard of achievement by which I measure myself?  

Shelley J. Correll at the Clayman Institute at Stanford, calls this the Motherhood Penalty. When it comes to entrepreneurial ventures, men view lower levels of achievement as success, whereas women see it as confirmation that they were not up to the job. Is it the disadvantageous stereotyping of working women that is really the culprit here?   I know what I tell my own clients when they’re feeling overwhelmed and guilty.  
  • First, identify the lesson in each situation. When I’ve consistently dropped the ball on my familial responsibilities I see it as a big sign from the universe that I need to step back and evaluate.  I love the definition of insanity:  doing something the same way every time and expecting a different outcome.  When I start to see a pattern, then I know I’ve got to make a change.  That doesn’t mean I need to stop running my business, but it may mean I need to stop working for a specific client or ask for some help from my husband to get me through a busy time.
  • Second, focus on your strengths.  I am a big fan of life coach Markus Buckingham’s 80/20 rule.  Most of us spend our time focusing on what we perceive as weaknesses when what we really need to do is spend 80 percent of our time focusing on what we do best.  That’s one of the reasons I left my corporate job to start my own business in the first place.  If I’m feeling too stretched and its having a knock-on effect on my family, chances are I’ve fallen prey to something that is keeping me from focusing on what I do well.
  • Third, weave together a support solution.  The evidence on business ownership suggests that people who have family and friends who have started businesses are more likely to do so themselves. I truly believe that there isn’t any problem that I’m facing that some other woman has not also experienced.  In all of the research I did for this essay, one common theme rose above all others: the support system I weave around myself is critical to my success.    This support system allows me to share the burden of child-rearing and entrepreneurialism with my spouse, my childcare provider and my colleagues.  It also allows me to focus my intuition and passion on the business activities that are at once enticing not only for their profitability, but also for their interest and beneficial impact on others.  Finally, this support system allows me to meet and learn from some of the most interesting and dynamic women and men in my field. 


So I'm going to stick with it - at least for today. Maybe my experiences will benefit another woman in my shoes and I’m willing to bet I can learn a lot from some of you.  If you have any suggestions for me I’m all ears.

Tracey Collins is guest-writer for The SmartGirls Way.  She is President and Founder of Mirror Group Consulting; a consultancy focused on content, executive coaching and change management.  

Monday, December 20, 2010

If You Want to Design Consumer Shift - Let the Women do It!

by Jean Brittingham

Over the past few years, there has been a ‘quickening’ in the world of women as it relates to the health and future of our planet. This awakening has fuelled the emergence of grassroots communities as well as the significant increase in entrepreneurial activity among women that we at SmartGirls are so very excited about.

It has also created a significant body of research about the traits of successful women in these ventures.   Not surprisingly, they are the traits talked about extensively in sustainability salons, environmental blogs, and policy meetings -- systems awareness and thinking, passion, hopefulness, solutions orientation and a keen understanding of the undeniable power of relationships.

Women, who are known to wield significant influence in consumer decision-making, can become a secret weapon in a shift to sustainable consumption. To be specific, if women are engaged in the design, marketing, advertising and delivery of the shopping experiences of a future based on sustainable, healthy and generative products and services, the shift to sustainable consumption could be accelerated and the long-desired “consumer pull” for sustainability could see daylight.

I would be thrilled to see consumer brands get excited and real about this opportunity and have recommended it to Davos through my involvement with the Consumer Industry Global Agenda Council. Think about the power of a “design for the future” project incentivized with prizes that is particularly focused on engaging women across the planet. I see kiosks in retail outlets, community centers and other places where women naturally gather.

It’s true the current consumption model was built on creating desire and needs that citizen-consumers (mostly women) respond to. It’s also true women care more about the health of families, communities and therefore the planet and are creating a lot of the actual leadership to make this shift happen. 

Who then better to help design our way to the future we want?

Thursday, November 18, 2010

Women Do Focus Differently

by Tracey Collins

Source
When it comes to splitting one’s focus on many different activities, women are better than men at more accurately and efficiently completing the important tasks. So are women better able to focus on multiple tasks because of evolutionary practice and social expectations, or is it because of the way a woman’s brain is hardwired?

Here at The SmartGirls Way we’ve been exploring an emergent theory in gender brain chemistry related to the corpus collosum -- a little part of the brain that handles communication between the two hemispheres.  The corpus collosum is biologically more active in women than and in men and this is one theory as to why women can split their focus more efficiently.
 
When comparing women to men, it is believed that men think with ‘tunnel vision’ (using single cues to solve a problem) while women use their minds to synthesize multiple cues from the environment.   Perhaps this focus is what allows my husband to visually call-up obscure facts when consulting patients in his medical practice.  This same deep-dive focus may also explain why he has a more difficult time transitioning from one task to another in the midst of our domestic ‘background’ noise.

Two recent studies (one in the UK and another at the University of Missouri) found that women are better at honing in and keeping track of the details that matter because they are more spatially aware of their surroundings.  Unlike men who tend to focus their brains like a laser on a problem, a woman will direct her thinking like a spotlight that expands in a circle all around her.  When this spotlight is working effectively -- and with purpose -- women have been proven to posses the ability to better plan ahead or reflect upon a problem while simultaneously juggling other commitments, than men.

This is why - even when there is a lot happening around us– we can suddenly hone in with clarity on a business problem or make a snap connection to another solution, business connection or idea.

Spotlight scanning allows us to:

  • Think more broadly about an issue rather than getting stuck in one place.
  • Avoid becoming myopic and create a bigger sphere in which to operate.
  • Go beneath the surface of a challenge without excluding ideas that are on the periphery of our awareness. 
  • Act with purpose and prioritize the activities we need to devote our attention to.
  • Spend more time thinking about the things that make us more effective and/or bring us satisfaction.

This unique ability could lead to a rather protracted and uncomfortable debate about the relative capabilities and attributes of the genders and the different ways that men and women multi-task. Rather than debating or seeking to qualify or vindicate, why not just embrace our inner spotlight.  It’s about time for women to teach men the benefit of taking off the blinders and using the unique skills that women offer.

In particular just imagine how using this spotlight to look at a business (preferably your own) with a broad and “high” view can make a difference. You pass over the wide circle of your market, customers and competitors and suddenly your spotlight illuminates a unique opportunity.  Suddenly you have clarity of purpose.


Tracey Collins is guest-writer for The SmartGirls Way.  She is President and Founder of Mirror Group Consulting; a consultancy focused on content, executive coaching and change management.  

Wednesday, November 17, 2010

Women Entrepreneurs: A World of Opportunity to Avoid "Group-Think"

By Tracey Collins

Something in Jean’s last post on Pride, Power and Prejudice really struck a chord with me: Men are three times more likely to receive a new business loan than women for the same business plan? Wow!  

After being at once discouraged and then curious, I wanted to find out: What is actually being done about this?  If more women were involved in the decision-making boards of our nation’s financial institutions, would this disparity still be true? 

Consumer Czar Elizabeth Warren and her newly created Consumer Financial Protection Bureau seems to believe it with her efforts and aggressive stance on credit card transparency.  A Harvard Law Professor, Warren was the ‘outsider’ when she was appointed to chair of the Congressional Oversight Panel created to investigate the U.S. banking bailout.  Last week she was featured by iVillage in the story: "We need women on Wall Street,” where she paid tribute to a core characteristic that what we at The SmartGirls way like to call “Fairness.” 

For Warren, the economic crisis may have been avoided if there were more women on Wall Street; “Women are especially good at fighting on behalf of others and are often outsiders.” 

When asked about the recent financial crisis she explained that the outsider status was missing: "There were a bunch of insiders talking to insiders and that's how they ended up blowing up the economic world.”  

Her solution: “I want to see a lot of women get involved, a lot of women."
Source

On the same day, the President headed off for his trip to Asia.  I happened to check the White House White Board and watched the Chairman of the Council of Economic Advisers, Austan Goolsbee, give a pretty baseline summation driving the National Export Initiative – which has set the lofty goal of tripling our national exports from $1.57 trillion to $3.14 trillion by the year 2014.  This is a huge challenge given that in the last 10 years the US has actually fallen to an all-time low in exports and now lags behind Germany, India, China and Japan. 

The US Administration sees small business as a fundamental component to reaching this goal.  In fact, we are already contributing.  According to a 2006 International Monetary Fund Financial Survey, women business owners generate $1.9 trillion in sales each year; that is equal to the gross domestic product (GDP) of China.  

So it seems to me that there is a world of opportunity out there and while women owned businesses grapple with their own unique set of challenges, there is comfort in common travails, camaraderie and role models. 

When facing issues around gender bias, securing angel funding or even the implications of off-ramping my corporate career to take on a caretaking role, I’m going to take comfort in the fact that I am not alone.  There is a market need and we’re weaving together a very smart network to meet it.


Tuesday, April 27, 2010

Women Entrepreneurs--the New Equal Rights Amendment

It's interesting how consistently I am hearing from women who are perplexed that after 100 or more years of active effort to achieve equity in pay, opportunity and representation, we are still pushing a very heavy stone up a very steep hill. And further, we're pretty tired of hearing that things are all good.

Here's the issue from my perspective. While there may be a few men out there who consciously and with an agenda are seeking to keep women from achieving their goals and making progress, most of what is going on is unconscious, a part of the culture of male designed institutions that we have been living in for over 4000 years. It's not personal, it's just business. And politics.
And culture.

And working to change culture from the inside is not very effective. You only have to look at the current resistance to clean-energy to understand the incredible hold that an in-place culture has on us. Who would vote for dirty over clean? Who would think that societies should spend tax dollars to supplement the incomes of traditional energy giants while they increase profits and decrease investment in clean energy options. It's not logical. It's not smart. But it is common. We're used to it so we don't even (mostly) notice it.

Culture is like air. We can't recognize it because we swim in it every day. Asking the male dominant culture to recognize the things they do that make it difficult for them to see, appreciate, and nominate women into positions of influence is a bit like asking a fish to describe water--or asking them to choose air instead.

After 50 years of focused effort, the statistics are abysmal.

So, what do we do now?

Well, as a start, how about we quit trying to break through glass ceilings with rubber (or even glass) hammers?

How about we demand parity studies and mentoring programs that ease the cost of entry into traditionally male dominated industries--and encourage and empower women to start their own businesses?

How about we build a serious movement of women entrepreneurs and help them understand that they can build businesses that are not only financially successful but are also great places to work and that these great places can allow for families, communities and a healthy and vibrant future?

I'll be discussing these issues in future blogs, but for now I think it's important to acknowledge that what we have been doing is not achieving the hoped for changes--in equity and fairness and importantly in achieving the balance that a woman's viewpoint and approach brings and that the world so needs now.


As a well-known women leader on Wall Street recently commented when asked if the meltdown would of happened if there were more women engaged in the decision-making process, "Women tend not to bet the farm, understanding as we do
that the kids need to live on it."
Now is the time for the new entrepreneurial movement--fueled by the power and passion of women. Join us!