[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"question:10:en-US":3},{"metadata":4,"sys":15,"fields":35},{"tags":5,"concepts":14},[6,11],{"sys":7},{"type":8,"linkType":9,"id":10},"Link","Tag","gender",{"sys":12},{"type":8,"linkType":9,"id":13},"global",[],{"space":16,"id":20,"type":21,"createdAt":22,"updatedAt":23,"environment":24,"publishedVersion":28,"revision":29,"contentType":30,"locale":34},{"sys":17},{"type":8,"linkType":18,"id":19},"Space","ghhpjogyw4x7","4263ec6fa37f594d68a23a26c871f417","Entry","2021-11-11T07:17:15.627Z","2024-10-03T08:28:49.140Z",{"sys":25},{"id":26,"type":8,"linkType":27},"master","Environment",172,70,{"sys":31},{"type":8,"linkType":32,"id":33},"ContentType","question","en-US",{"globalId":36,"answers":37,"answersAsImages":56,"wrongPercentage":93,"ruleOfThumbs":94,"name":115,"questionText":116,"statistics":117,"veryWrongStatistics":138,"correctSentence":159,"youWereWrong":160,"youWereRight":160,"dataSourceShortText":161,"dataSourceLinkLongText":162,"extendedAnswerText":163,"headingVeryWrong":164,"youWereVeryWrong":165,"headingWrong":166},"10",[38,59,76],{"metadata":39,"sys":42,"fields":54},{"tags":40,"concepts":41},[],[],{"space":43,"id":45,"type":21,"createdAt":46,"updatedAt":47,"environment":48,"publishedVersion":29,"revision":50,"contentType":51,"locale":34},{"sys":44},{"type":8,"linkType":18,"id":19},"438b3959966875d3f3cc579d41673e30","2021-11-11T07:17:15.681Z","2024-10-03T08:28:49.185Z",{"sys":49},{"id":26,"type":8,"linkType":27},60,{"sys":52},{"type":8,"linkType":32,"id":53},"answer",{"globalId":55,"correctAnswer":56,"isVeryWrong":57,"answerText":58},"10-a1",false,true,"Around 2%",{"metadata":60,"sys":63,"fields":73},{"tags":61,"concepts":62},[],[],{"space":64,"id":66,"type":21,"createdAt":67,"updatedAt":68,"environment":69,"publishedVersion":29,"revision":50,"contentType":71,"locale":34},{"sys":65},{"type":8,"linkType":18,"id":19},"a4c229c4ec8027f0345f79d8643b7c26","2021-11-11T07:17:15.711Z","2024-10-03T08:28:49.221Z",{"sys":70},{"id":26,"type":8,"linkType":27},{"sys":72},{"type":8,"linkType":32,"id":53},{"globalId":74,"correctAnswer":56,"isVeryWrong":56,"answerText":75},"10-a2","Around 10%",{"metadata":77,"sys":80,"fields":90},{"tags":78,"concepts":79},[],[],{"space":81,"id":83,"type":21,"createdAt":84,"updatedAt":85,"environment":86,"publishedVersion":29,"revision":50,"contentType":88,"locale":34},{"sys":82},{"type":8,"linkType":18,"id":19},"3b547c08b04b0744faa40aef920e198c","2021-11-11T07:17:15.751Z","2024-10-03T08:28:49.258Z",{"sys":87},{"id":26,"type":8,"linkType":27},{"sys":89},{"type":8,"linkType":32,"id":53},{"globalId":91,"correctAnswer":57,"isVeryWrong":56,"answerText":92},"10-a3","Around 18%",89,[95],{"metadata":96,"sys":99,"fields":112},{"tags":97,"concepts":98},[],[],{"space":100,"id":102,"type":21,"createdAt":103,"updatedAt":104,"environment":105,"publishedVersion":107,"revision":108,"contentType":109,"locale":34},{"sys":101},{"type":8,"linkType":18,"id":19},"7HhzDLbQCOceRHsaAm39oE","2020-06-15T15:58:37.886Z","2024-10-03T08:28:49.277Z",{"sys":106},{"id":26,"type":8,"linkType":27},57,55,{"sys":110},{"type":8,"linkType":32,"id":111},"ruleOfThumb",{"header":113,"body":114}," Don’t assume straight lines","Many trends do not follow straight lines but are S-bends, slides, humps, or doubling lines. No child ever kept up the rate of growth it achieved in its first six months, and no parents would expect it to.","How many companies in the world have a woman as to","How many companies in the world have a woman as top manager or CEO?",[118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137],"swe 0.883557835575669","nor 0.9478737651582341","fin 0.900158055939152","dnk 0.8576920574395769","gbr 0.8615","phl 0.62","nga 0.83","pak 0.71","ind 0.75","zaf 0.85","mar 0.62","mys 0.75","esp 0.87","rus 0.58","mex 0.87","jpn 0.8","deu 0.85","fra 0.85","bra 0.7","usa 0.81",[139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158],"gbr 0.5","usa 0.58","bra 0.43","fra 0.46","deu 0.52","jpn 0.47","mex 0.56","rus 0.34","esp 0.59","swe 0.53","mys 0.44","mar 0.28","dnk 0.48","fin 0.55","nor 0.57","zaf 0.54","ind 0.38","pak 0.45","nga 0.47","phl 0.3","Around 18% of companies worldwide have female top managers.","Most assume the worst when asked about women’s status in business. The misconception that female bosses are rare makes women underestimate their chances.","Multiple data sources...","According to the Enterprise Survey[1] by the World Bank[1], some 18% of businesses had a female CEO. In another, recent study by Grant Thornton “Women in business 2024”[2], the estimate is 33%, which is a rapid increase from their 19% estimate for 2016. But their estimate is far from globally representative, as it’s based on interviews in just 28 countries.\nTo avoid overstating progress, we use the estimate 18% from the World Bank as our correct answer. This is based on interviews conducted during the period 2009 to 2020 with tens of thousands of businesses with 5 or more employees in the manufacturing and service sectors in 144 countries. Firms with 100% government\u002Fstate ownership are not included. The number of businesses per country ranges from 150 in small countries, to nearly 2000 in large countries. Because the data is based on a small sample of all companies in the world, there is a large margin of error which we take into consideration by putting big differences between the correct answer 18%, and the two wrong options: 10% and 2%. The World Bank’s trends have also been rising steadily, why it’s reasonable to believe that the real number would be higher than 18% if a new round of interviews were conducted today.\n\nAccording to three independent studies[3][4][5] of companies in lots of countries, it seems like businesses with female CEOs on average outperform business with male CEOs. Please note that all studies clearly state that the finding doesn’t necessarily show a causal relationship of higher or lower profits is caused by the CEO’s gender. It’s just as likely that the explanation is a kind of company culture which leads to selecting a female CEO and that such a company culture also is a more profitable company culture. A company with such culture can also be as profitable with a male CEO.\n\n[1]  [World Bank Enterprise Survey](https:\u002F\u002Fwww.enterprisesurveys.org\u002Fen\u002Fdata\u002Fexploretopics\u002Fgender)  \n[2]  [Women in business 2024 - Grant Thornton International](https:\u002F\u002Fwww.grantthornton.com\u002Fcontent\u002Fdam\u002Fgrantthornton\u002Fwebsite\u002Fassets\u002Fcontent-page-files\u002Finsights\u002Fwomen-in-business\u002F2024\u002Fwomen-in-business-2024-defining-pathways-to-parity.pdf)  \n[3]  [ILO - Women in Business and Management - “The business case for change”, page 44](https:\u002F\u002Fwww.ilo.org\u002Fwcmsp5\u002Fgroups\u002Fpublic\u002F---dgreports\u002F---dcomm\u002F---publ\u002Fdocuments\u002Fpublication\u002Fwcms_700953.pdf)  \n[4]  [Gender 3000 by Credit Suisse Research Institute (summary)](https:\u002F\u002Fedubirdie.com\u002Fblog\u002Fcs-gender-3000-report-2019-201910)  \n[5]  [“When Women Lead, Firms Win”, Daniel J. Sandberg for S&P Global](https:\u002F\u002Fwww.spglobal.com\u002F_division_assets\u002Fimages\u002Fspecial-editorial\u002Fiif-2019\u002Fwhenwomenlead_.pdf)","As the world of business is still so embarrassingly male dominated, people tend to underestimate the number of women who actually make it to the top. This misconception must be battled as it slows down the speed of change. Young girls might not aim high enough because they get an outdated worldview from their parents and teachers, who underestimate their actual chances of becoming business leaders. And young boys continue to assume that men are better leaders. \n\nBusinesses that are run by women seem to generate higher profit than average companies, according to multiple independent stock market studies by [ILO](https:\u002F\u002Fwww.ilo.org\u002Fwcmsp5\u002Fgroups\u002Fpublic\u002F---dgreports\u002F---dcomm\u002F---publ\u002Fdocuments\u002Fpublication\u002Fwcms_700953.pdf) and [S&P Global](https:\u002F\u002Fwww.spglobal.com\u002F_division_assets\u002Fimages\u002Fspecial-editorial\u002Fiif-2019\u002Fwhenwomenlead_.pdf) and [Credit Suisse](https:\u002F\u002Fedubirdie.com\u002Fblog\u002Fcs-gender-3000-report-2019-201910). That doesn’t necessarily mean that a female CEO produces higher profit. It’s just as likely that the “company culture” in companies that select female CEOs are more open minded and more profitable.\n\n### Why is it a problem that people are wrong about this?\nUnderestimating the share of women who make it to the top of the business world has big consequences. Young girls might be put off from working towards a business career if they think women only rarely make it to senior positions. Parents could discourage their daughters from pursuing corporate careers and men could either overlook women when management positions come up or assume that men just make better leaders.\n\n### Why are people wrong about this?\nThey know men and women aren’t yet equal and often think there has been way less progress and almost always think the answer is the worst when it comes to questions on gender equality.\n\n### Can I trust this fact?\nYes, but be aware of how this is measured and the limitations it has. \nAccording to the Enterprise Survey by the World Bank, some 18% of businesses had a female CEO. In another, recent study by Grant Thornton “Women in business 2024”, the estimate is 33%, which is a rapid increase from their 19% estimate for 2016. But their estimate is far from globally representative, as it’s based on interviews in just 28 countries.\n\nTo avoid overstating progress, we use the estimate 18% from the World Bank as our correct answer. This is based on interviews conducted during the period 2009 to 2020 with tens of thousands of businesses with 5 or more employees in the manufacturing and service sectors in 144 countries. Firms with 100% government\u002Fstate ownership are not included. The number of businesses per country ranges from 150 in small countries, to nearly 2000 in large countries. Because the data is based on a small sample of all companies in the world, there is a large margin of error which we take into consideration by putting big differences between the correct answer 18%, and the two wrong options: 10% and 2%. The World Bank’s trends have also been rising steadily, why it’s reasonable to believe that the real number would be higher than 18% if a new round of interviews were conducted today.\n\nAccording to three independent studies of companies in lots of countries, it seems like businesses with female CEOs on average outperform business with male CEOs. Please note that all studies clearly state that the finding doesn’t necessarily show a causal relationship of higher or lower profits is caused by the CEO’s gender. It’s just as likely that the explanation is a kind of company culture which leads to selecting a female CEO and that such a company culture also is a more profitable company culture. A company with such culture can also be as profitable with a male CEO.","Are you a visitor from the past?","Female bosses are not rare any longer, but this common misconception can make women underestimate their chances.","More and more bosses are women"]