Six out of ten female leaders have made strategic decisions based on data-driven insights — while two thirds of male CEOs rely on their intuition. Strong personal networks and good communication skills are the top two most important factors cited for personal success. These findings have emerged from a new KPMG study Global Female Leaders.
Almost half (48%) of respondents (Global Female Leaders - GLFs) feel comfortable with new technologies like AI, block chain, mixed reality and 3-D printing. However, female leaders are more cautious when it comes to the impact of AI on headcount with only 47 percent saying that it will create more jobs than it will eliminate. In comparison, 62 percent of male CEOs said the same.
But there are also differences with a majority of GFLs (77 percent) who are very confident about growth potential for their company, down from 90 percent of their largely male counterparts. These results are aligned with expectations for headcount growth, with 33 percent of GFLs indicating an increase by 6 percent or more, compared to 37 percent of CEOs.
Global Female Leaders have a strong alignment on what they believe are personal success factors. When asked to rank the most crucial success factors, their first choice was an “active personal network”, followed by “strong communication skills”. The third most important factor was “thorough know-how of new technologies”.
“The speed in which decisions have to be made, for example, in response to customer expectations, is constantly increasing. Female leaders possess the skills and the strength to lead their companies through these disruptive and exciting times,” said Ivana Mazániková, executive director responsible for women agenda, KPMG in Slovakia.
Eight in 10 (83 percent) see enablement programs for women as a good means of bringing more females into leadership positions. This despite the fact that, when asked for their personal success factors, female leadership quotas were cited as being the least relevant (4 percent). Another interesting result is that only 28 percent see their next career step within their existing company. A further point to note is that 59 percent of respondents believe that their successor will be female.
The survey covers 699 Global Female Leaders from 42 countries and from 14 industry sectors. Thirty-seven percent of the respondents come from companies that have more than US$500M in annual revenue, the others (62 percent) come from companies with under US$500M. The online survey was conducted between 6 March and 13 April 2018. NOTE: Some figures may not add up to 100 percent due to rounding. Click for more details on the Global CEO Outlook and the Global Female Leaders Outlook, www.kpmg.com/ceooutlook or www.kpmg.com/gflo.
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