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Posts Tagged ‘ mckinsey ’

What are the challenges faced by professional women in China?

Rebecca Wei, the first woman Partner elected in McKinsey’s Greater China Office and leader of the McKinsey Women Initiative in Asia-Pacific, certainly fits the bill to answer that question. Rebecca began by highlighting the differences between the values of women in different regions of China. In China, family responsibilities are central to the discussion – there is a strong sense of obligation for women to fulfil the “role of the daughter”. In Taiwan, the norm is for many women to stay home after marriage. In Hong Kong, women have the most independence, financially and personally, and “look for the meaning of life”.

Having said that, Rebecca believes that professional women seeks two common things: mentorship and work-life balance. The McKinsey Women Initiative addresses the former by ensuring that every woman has a mentor and by building a community spirit in the work place. “Women need to have a sense of belonging [more than men]; women want to have friends to talk to after a bad day at work”. On keeping mothers in the workforce, McKinsey has a flexible programme which can be designed to reduce working hours or to minimise business travel. Importantly, she highlighted that women on maternity leave cannot be “left on the platform”, and should be ensured that they are able to integrate fully when they return.

According to Rebecca, the McKinsey’s Greater China office has not lost a single woman due to maternity in the last five years. Whether that is driven by the intrinsic character of the McKinsey women or by the Firm’s flexible programme (or, perhaps, both), that is an impressive stat and certainly a step in the right direction.

Business case for non-diversity?

We are gathered here at the Women’s Forum discussing issues that impact women in business, education, society and politics. Why is there never a case for non-diversity? As women, we network and participate in forums to find ways to improve our position in society. Thousands of research and studies have been done on the impact of either having a low or a high percentage of women in a company. Today, McKinsey came out with a study called “Women Matter” (despite the English title, the report is in French, here in PDF). As Laura Liswood appropriately said in today’s panel on Women and Competitiveness, there is no “Do Men Matter” research.

Will we ever get to the point when women don’t have to fight the business case for diversity? Will it ever become a given that women and men are equal but different and that they complement each other? Will it ever be OK for a man to participate in a flexibility program without being seen as not ambitious? Will the percentage of women who have children and have a position in boards increase over time?

The Women’s Forum is a perfect place to debate all of this topics. For sure, there will be no right answer to any of this questions and the next generations of women will be responsible to carry on the torch and hopefully, they won’t have to fight the business case for diversity.

Browsing the Forum

Scenes from the Women’s Forum 2007. A break at the main bar:

WF main bar

Discovering the “Rising Talents“:

WF rising talents

At the Cartier Women’s Initiative Award booth (a joint project by Cartier, McKinsey and Insead aimed at encouraging female startup entrepreneurs), getting ready for tonight’s presentation of the finalists:

WF cartier award booth

Say it with flowers:

WF flowers

women's Forum Live from women's forum 2007 Powered by Orange