In general, the paper "Women in Leadership Roles and Their Impact on Company Performance" is a great example of management literature review. This literature review is based on the subject of women in leadership roles in Australian companies and their impact on the performance of the companies in general. The purpose of the review is to present a concise analysis of findings of studies about the subject of women in leadership roles and how this affects the performance of companies as published in different academic works. Therefore, the review seeks to answer three important questions which are related to the topic.
The first question is the state of women inclusion in senior corporate leadership positions in Australia. The second question about the factors that contribute to the state of women in leadership positions within companies in Australia. The third question is about the different ways in which the inclusion of women in leadership positions within companies affects the performance of the companies. Many studies indicate that there is an intention to increase the percentage of women who hold leadership positions within Australian companies (du Plessis, Saenger & Foster, 2012; Renee & Ferreira, 2008; Stary, 2016).
There is evidence to show that the percentage of women who hold senior leadership positions in Australian companies has been increasing over the course of time. For example, According to the Equal Opportunity for Women in the Workplace Agency (EOWA) (2012, p. 6), the percentage of women who hold leadership positions in Australian firms has been increasing over the last five years. Similarly, figures from the Australian Bureau of Statistics (ABS) (2012) indicate that the percentage of women who hold the Chief Executive Officer position or sit on company boards in the 200 top companies that make up the Australian Securities Exchange has been increasing steadily (ABS, 2012).
It is indicated that back in 2002, less than 2% of the CEO positions in the companies were held by women (ABS, 2012). However, by 2012, it is reported that the percentage had risen to about 4% (2012). About women who sit on the company boards of management, it is indicated that the percentage has risen from 8% back in 2002 to 13% by 2012 (ABS, 2012). In this case, women in corporate leadership positions are considered those who hold formal executive or board positions.
The report by EOWA (2012, p. 7) defines women in leadership in terms of the number of women who hold executive management positions within the companies. Further, it is indicated that the number of women who hold Chief Executive Officer positions or who are company directors or who sit on the boards of management has been rising steadily since 2010 (EOWA, 2012, p. 6). In an earlier study, Renee and Ferreira (2008, p.
3) indicate that in Australia, as it is in many other countries across the world, the percentage of women who hold leadership roles within companies remains relatively low. It is argued that whereas women and men start their careers having obtained identical qualifications, women tend to lag behind their male counterparts when ascending to leadership roles (2008, p. 4). A report by the Business Council of Australia (2015, p. 2) shows that management boards of companies in Australia are concerned with increasing the number of women who sit on them.
Several factors are identified as the key drivers for this trend. However, the need for social justice and the desire to improve performance are some of the most important factors that are said to be driving the actions of management boards in many Australian companies to include women in leadership positions within the companies (Business Council of Australia, 2015, p. 2).