Navigation Links
E.D.G.E. in Leadership Study Delivers First-Ever Data on Executive Women in Pharmaceutical and Biotech Industries
Date:11/8/2007

FAIRFIELD, New Jersey, November 8 /PRNewswire/ --

- Healthcare Businesswomen's Association and Booz Allen Hamilton Announce Results of Groundbreaking Study and Best Practices for Recruitment, Retention, and Advancement of Women.

Results from the highly anticipated Healthcare Businesswomen's Association (HBA) E.D.G.E. (Empowerment, Diversity, Growth, Excellence) in Leadership study have exceeded the expectations of pharmaceutical senior management, who have been awaiting the first research to provide actionable recommendations on best practices for the recruitment, retention, and advancement of women to the most senior roles within their corporate suites.

"In the competitive pharmaceutical industry, companies recognize the need to diversify their senior leadership teams in order to be successful, and cultivating women in top management spots is a critical component to that success," said Joe Mahady, President Global Business, Wyeth Pharmaceuticals. "We are grateful to the HBA and Booz Allen Hamilton for helping us fill the knowledge gaps that have created obstacles to women's successes in the past."

Conducted by the HBA in conjunction with study partner Booz Allen Hamilton, the E.D.G.E. study established first-ever benchmarks to track women's career progress in the healthcare industry. It captured current attitudes and motivations of corporate culture, including the individual attitudes of both men and women, and identified the characteristics and components of effective practices and programs. The E.D.G.E. in Leadership study has resulted in a six-themed road map, which leading industry executives will find of great value for evaluating their own company performance and implementing initiatives and programs to develop top talent at their own companies.

Research has indicated that women now comprise the majority (58%) of college graduates, and the projected rate of increase in graduate level degrees to be awarded during the next decade is significantly higher for women (16%) than for men (1.3%).1 In contrast, the E.D.G.E. in Leadership Study showed that top management positions in life sciences companies currently held by women range widely from 0% - 58%, company to company-maintaining a steady 17% average for the past five years.

This E.D.G.E. study, which started in January 2007 and concluded in June, included 19 of the top 50 life sciences companies in the United States and Europe. Participating corporations provided human resource data and access to senior executives and middle managers for interviews and survey responses. The HBA and Booz Allen Hamilton study distilled six elements required to create an environment in which more women can reach their full potential in leadership roles:

- Unambiguous senior leadership support for the advancement of women

- Merit-based culture to ensure advancement regardless of gender

- Program metrics to track progress and evaluate success

- Leadership development programs customized to individual needs

- Career and work flexibility models to retain top talent

- Recruiting efforts that include a diverse team and diversity targets

The study partners shared findings with the key sponsors, and the reception has been very positive. "The recommendations in the E.D.G.E. in Leadership Study certainly strike a chord," says Tim Rothwell, Chairman, sanofi-aventis US. "The study reminds us that we have an opportunity to partner our resources and programs even more effectively with the strong female leadership that exists within our company. That combination of strong female leadership, appropriate resources, and sound programs will help us meet the evolving needs of our workforce, our customers, and our patients. We already have exceptional female leaders from various backgrounds who set an example for women inside and outside of the company. But the further work we do on this front will form the foundation for even broader innovations to come."

The quantitative results of the E.D.G.E. in Leadership study fill a significant knowledge gap in industry practices. "The HBA has always been committed to advancing women's careers, and the opportunity to work with Booz Allen Hamilton to document industry practices, as well as make recommendations for change, was a remarkable chance for our organization to further our own mission and form credible and lasting partnerships," says Cathy Kerzner, HBA President. "We look forward to the feedback we receive on the publication of these results, and we recognize the value of tracking progress over time. We are planning follow-up studies to further examine the impact of the study recommendations."

The effects of the study findings are anticipated to be wide-ranging and global. Florence Manger, President Elect of the HBA Europe Affiliate says: "I am very pleased at the publication of the E.D.G.E. in Leadership study, which provides first-of-its-kind insights into the advancement of women in the EU and the US. Armed with the results, we can better understand the dynamics on both continents and identify similarities and differences. I'm confident that women from across Europe will read this long-awaited study with great interest, and will do all they can to encourage their company's senior leadership to implement its recommendations."

Methodology

Eighty-two senior executives from 19 of the top 50 life sciences companies in the US and Europe participated in in-depth interviews, and 237 mid-level managers responded to a comprehensive survey. Twelve companies provided comprehensive staffing and program data from HR databases.

Sponsorships

The HBA E.D.G.E in Leadership study was funded by ten sponsors and nine contributors. Sponsors included Booz Allen Hamilton, Novartis, sanofi-aventis, Wyeth, Abbott Laboratories, AstraZeneca Pharmaceuticals LP, Celgene Corporation, Ernst & Young LLP, Johnson & Johnson, and Merck & Co, Inc. Contributors included Shire Pharmaceuticals, Millennium, Eisai Inc., Sarga Associates, LLC, Christian Timbers, and Hodge/Niederer/Cariani. In addition, Park Street Research, Dorland Global Corporation, and FlashPoint Medica were in-kind contributors.

Sponsoring companies are able to see how their own practices measure up against industry standards, which will be very useful benchmarks as they set their corporate objectives. The full study results are published in a white paper that can be purchased for use by all companies who are committed to advancing women in senior leadership.

To access the video news release, a study abstract and information on purchasing the white paper, go to http://www.HBAEDGE.org or call (US) 973-575-0606.

References:

1. SA Hewlett, C Buck Luce. Off-Ramps and On-Ramps. Harvard Business Review

(March 2005).

Healthcare Businesswomen's Association

The Healthcare Businesswomen's Association (HBA; http://www.hbanet.org) celebrates its 30th year (1977-2007) as a global not-for-profit organization dedicated to furthering the advancement of women in healthcare worldwide. With 12 chapters and affiliates throughout the United States and Europe, the HBA is headquartered in New Jersey with offices in Philadelphia and Research Triangle Park. The HBA provides educational opportunities for women and men to develop cutting edge healthcare industry knowledge and leadership skills; recognizes outstanding women and men in the industry; provides opportunities for networking; creates greater visibility for women in the industry; fosters mentoring relationships; and serves as a conduit and sponsor for research on career advancement issues. The HBA has nearly 4,000 individual members and over 115 corporate partners. It is widely recognized as the catalyst for the professional development and leadership of women in healthcare worldwide.

Booz Allen Hamilton

Booz Allen Hamilton (http://www.boozallen.com), a global strategy and technology consulting firm with over 90 offices on 6 continents, works with clients to deliver results that endure. They provide services to the world's leading corporations, government and other public agencies, emerging growth companies, and institutions. Booz Allen's major areas of expertise include strategy and leadership, organization and change management, operations innovations, sales and marketing, and information technology.


'/>"/>
SOURCE HBA Europe
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Yakima Health Care Leader Tapped for Leadership Post at National Association
2. National Pharmaceutical Council Announces New Strategic Focus, Search for New Leadership
3. Patent Reform Legislation Threatens Americas Leadership in Medical Technology Innovation
4. Dow Jones Sustainability Index Again Recognizes Abbott for Continued Leadership in Business, Environmental and Social Performance
5. Hooper Holmes Launches Health & Wellness Division at 2007 Disease Management Leadership Forum and Integrated Care Summit
6. Blue Care Network of Michigan Earns National Leadership Award for Chronic Disease Management
7. Schooner Healthcare Services, LLC Announces New Leadership Team
8. National Quality Forum Announces New Member Councils Leadership
9. Expansion and Growth Spur INSPIRIS Executive Leadership Promotions
10. Inter-American Leadership Award Bestowed Upon Chilean Chronic Disease Expert
11. amfAR Appoints New Leadership as AIDS Research Organization Extends Its Global Reach
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... ... 29, 2016 , ... Our bodies are bombarded daily by environmental and lifestyle ... these stressors is to adopt a more healthful diet, but too many people think ... certified Holistic Nutritionist and the creator of the Newport Beach Cleanse and 14-Day Eating ...
(Date:4/29/2016)... (PRWEB) , ... April 29, 2016 , ... ... optimistic healthcare awareness and author of best seller "LOVE, MEDICINE and MIRACLES") addresses ... Monday, May 2, 2016 and podcasted thereafter . Dr. Bernie Siegel, author ...
(Date:4/29/2016)... ... April 29, 2016 , ... Coast Dental Fort Stewart ... at its new location in the Exchange Furniture Mall at 112 Vilseck Road in ... 50-inch Samsung Smart TV. Plus attendees will have the opportunity to meet general dentists ...
(Date:4/29/2016)... ... 2016 , ... The Wharton School of the University ... of the 2016 Wharton Business Plan Competition —as well as the Wharton ... the Committee Award for Most ‘Wow Factor,’ making them the first team in ...
(Date:4/29/2016)... Toronto, ON (PRWEB) , ... April 29, 2016 ... ... GlutenFreeCoupons.ca and the Canadian Celiac Association (CCA), is pleased to announce the launch ... about gluten-free products, nutritional articles, recipes, and more. The purpose of the ...
Breaking Medicine News(10 mins):
(Date:4/29/2016)... 2016 Automation is one of ... to the growing demands for productivity in speed, accuracy, ... systems are already adept of a wide range of ... manual labor. Instrumentation continues to evolve, and is poised ... a few years ago. Originally used mostly by the ...
(Date:4/28/2016)... , April 28, 2016 ... "Global Plastic Surgery Products Market 2016-2020" report ... ) , The global plastic surgery ... of 9.47% during the period 2016-2020. , ,The growing ... leading to the growth of the market. Lasers are ...
(Date:4/28/2016)... NEW YORK , April 28, 2016  The ... reached 275 million dollars, according to Kalorama Information and ... includes typing, immunoassays and nucleic acid testing.  The healthcare ... had made progress in developing blood collection stations and ... was made in Kalorama Information,s report, Blood ...
Breaking Medicine Technology: