Leadership’s role in managing gender diversity and its impact on business growth and stability

Vijayakumar Ramasamy Velar, Daisy Mui Hung Kee

Article ID: 7067
Vol 8, Issue 8, 2024

VIEWS - 345 (Abstract) 61 (PDF)

Abstract


The research objective is to affirm the play of gender diversity and the role of leaders in promoting the concept among businesses for growth and long-term sustainability. The detailed literature search indicated that the culture of gender diversity can only be implemented if the leader practices three key leadership elements, which are effective communication (EC), emotional intelligence (EI), and better decision-making (DM). The paper strives to project the importance of gender diversity in managing market competition, the role of a leader in managing gender diversity, and how gender diversity impacts business growth and sustainability. The paper provides a different model for organizational leaders to instill and promote diversity. The study undertook a literature research approach to gain an in-depth understanding of the leadership role based on the current pool of literature to identify the factors that could promote diversity. The literature review concurred with the importance of implementing gender diversity in the business and assessing the long-term growth and the critical role of leadership as an enabler. The research concluded that leaders are required to play an active role in promoting gender equality to ensure it would directly impact business growth. The study provides a potential conceptual framework for future research to take over subsequently using a quantitative or qualitative method.


Keywords


gender diversity; emotional intelligence; decision-making; effective communication; business growth; stability

Full Text:

PDF


References


Anderson, E. S. (2021). What Is the Point of Equality? Ethics, 109(2), 287–337. https://doi.org/10.1086/233897

Boateng, E. (2022). The Role Impact of Corporate Social Responsibility (CSR) In Building Small and Medium Enterprises (SMEs) Brand Image in Ghana. International Journal of Current Science Research and Review, 05(05). https://doi.org/10.47191/ijcsrr/v5-i5-17

Burns, W. A. (2019). A Descriptive Literature Review of Harmful Leadership Styles: Definitions, Commonalities, Measurements, Negative Impacts, and Ways to Improve These Harmful Leadership Styles. Creighton Journal of Interdisciplinary Leadership, 3(1), 33. https://doi.org/10.17062/cjil.v3i1.53

Byron, K., & Post, C. (2016). Women on Boards of Directors and Corporate Social Performance: A Meta‐Analysis. Corporate Governance: An International Review, 24(4), 428–442. https://doi.org/10.1111/corg.12165

Carter, D. A., D’Souza, F., Simkins, B. J., et al. (2010). The Gender and Ethnic Diversity of US Boards and Board Committees and Firm Financial Performance. Corporate Governance: An International Review, 18(5), 396–414. https://doi.org/10.1111/j.1467-8683.2010.00809.x

Connell, R. W. (2021). Change among the Gatekeepers: Men, Masculinities, and Gender Equality in the Global Arena. Signs: Journal of Women in Culture and Society, 30(3), 1801–1825. https://doi.org/10.1086/427525

Crane, D., & Bovone, L. (2006). Approaches to material culture: The sociology of fashion and clothing. Poetics, 34(6), 319–333. https://doi.org/10.1016/j.poetic.2006.10.002

Dvorsky, J., Olah, J., Bednarz, J., et al. (2023). Opinions of owners and managers on the business risks of SMEs sustainability: does gender matter? Journal of Business Economics and Management, 24(4), 732–753. https://doi.org/10.3846/jbem.2023.20232

Fernando, G. D., Jain, S. S., & Tripathy, A. (2020). This cloud has a silver lining: Gender diversity, managerial ability, and firm performance. Journal of Business Research, 117, 484–496. https://doi.org/10.1016/j.jbusres.2020.05.042

Fine, C., Sojo, V., & Lawford‐Smith, H. (2019). Why Does Workplace Gender Diversity Matter? Justice, Organizational Benefits, and Policy. Social Issues and Policy Review, 14(1), 36–72. https://doi.org/10.1111/sipr.12064

Gaston, L., Blundell, M., & Fletcher, T. (2020). Gender diversity in sport leadership: an investigation of United States of America National Governing Bodies of Sport. Managing Sport and Leisure, 25(6), 402–417. https://doi.org/10.1080/23750472.2020.1719189

Gonsiorek, J. C. (2014). Fourth issue of Psychology of Sexual Orientation and Gender Diversity. Psychology of Sexual Orientation and Gender Diversity, 1(4), 287–288. https://doi.org/10.1037/sgd0000084

Hariri, H., Monypenny, R., & Prideaux, M. (2014). Leadership styles and decision-making styles in an Indonesian school context. School Leadership & Management, 34(3), 284–298. https://doi.org/10.1080/13632434.2013.849678

Herring, C. (2009). Does Diversity Pay? Race, Gender, and the Business Case for Diversity. American Sociological Review, 74(2), 208–224. https://doi.org/10.1177/000312240907400203

Hogg, M. A., & Terry, D. J. (2000). Social Identity and Self-Categorization Processes in Organizational Contexts. The Academy of Management Review, 25(1), 121. https://doi.org/10.2307/259266

Ibrahim, M. (2022). The Impact of Leadership Styles on Business Success: A Case Study on SMEs in Amman. Arabian Journal of Business and Management Review, 8(2), 1–9.

MacKinnon, C. A. (1982). Feminism, Marxism, Method, and the State: An Agenda for Theory. Signs: Journal of Women in Culture and Society, 7(3), 515–544. https://doi.org/10.1086/493898

Mahajan, S. (2011). Study on Leadership Styles and Theories. Indian Journal of Applied Research, 4(3), 281–282. https://doi.org/10.15373/2249555x/mar2014/86

Makhbul, Z. M., & Mohamad Hasun, F. (2010). Entrepreneurial Success: An Exploratory Study among Entrepreneurs. International Journal of Business and Management, 6(1). https://doi.org/10.5539/ijbm.v6n1p116

Martins, L. L. (2020). Strategic Diversity Leadership: The Role of Senior Leaders in Delivering the Diversity Dividend. Journal of Management, 46(7), 1191–1204. https://doi.org/10.1177/0149206320939641

Mousa, M., Massoud, H. K., & Ayoubi, R. M. (2020). Gender, diversity management perceptions, workplace happiness and organisational citizenship behaviour. Employee Relations: The International Journal, 42(6), 1249–1269. https://doi.org/10.1108/er-10-2019-0385

Politis, J. D. (2003). QFD: the role of various leadership styles. Leadership & Organization Development Journal, 24(4), 181–192. https://doi.org/10.1108/01437730310478057

Prügl, E., & True, J. (2014). Equality means business? Governing gender through transnational public-private partnerships. Review of International Political Economy, 21(6), 1137–1169. https://doi.org/10.1080/09692290.2013.849277

Ramadani, V., Hisrich, R. D., Anggadwita, G., et al. (2017). Gender and succession planning: opportunities for females to lead Indonesian family businesses. International Journal of Gender and Entrepreneurship, 9(3), 229–251. https://doi.org/10.1108/ijge-02-2017-0012

Russen, M., Dawson, M., & Madera, J. M. (2021). Gender diversity in hospitality and tourism top management teams: A systematic review of the last 10 years. International Journal of Hospitality Management, 95, 102942. https://doi.org/10.1016/j.ijhm.2021.102942

Shao, Z., Feng, Y., & Hu, Q. (2016). Effectiveness of top management support in enterprise systems success: a contingency perspective of fit between leadership style and system life-cycle. European Journal of Information Systems, 25(2), 131–153. https://doi.org/10.1057/ejis.2015.6

Sidhu, J. S., Feng, Y., Volberda, H. W., et al. (2020). In the Shadow of Social Stereotypes: Gender diversity on corporate boards, board chair’s gender and strategic change. Organization Studies, 42(11), 1677–1698. https://doi.org/10.1177/0170840620944560

Sorenson, R. L. (2000). The Contribution of Leadership Style and Practices to Family and Business Success. Family Business Review, 13(3), 183–200. https://doi.org/10.1111/j.1741-6248.2000.00183.x

Tarabishy, A., Solomon, G., Fernald, L. W., et al. (2005). The Entrepreneurial Leader’s Impact on the Organization’s Performance in Dynamic Markets. The Journal of Private Equity, 8(4), 20–29. https://doi.org/10.3905/jpe.2005.580519

Wang, Y., Yu, M., & Gao, S. (2022). Gender diversity and financial statement fraud. Journal of Accounting and Public Policy, 41(2), 106903. https://doi.org/10.1016/j.jaccpubpol.2021.106903

Wu, J., Richard, O. C., Triana, M. del C., et al. (2021). The performance impact of gender diversity in the top management team and board of directors: A multiteam systems approach. Human Resource Management, 61(2), 157–180. https://doi.org/10.1002/hrm.22086




DOI: https://doi.org/10.24294/jipd.v8i8.7067

Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Vijayakumar Ramasamy Velar, Daisy Mui Hung Kee

License URL: https://creativecommons.org/licenses/by/4.0/

This site is licensed under a Creative Commons Attribution 4.0 International License.