Navigation Links
E.D.G.E. in Leadership Study Delivers First-Ever Data on Executive Women in Pharmaceutical and Biotech Industries

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."


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.


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 or call (US) 973-575-0606.


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; 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 (, 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.

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:
(Date:10/13/2017)... ... October 13, 2017 , ... ... giving viewers the lowdown on sciatica in a new episode of "Success Files," ... on current events and innovation and investigates each subject in-depth with passion and ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... advisory services for healthcare compliance program management, will showcase a range of technology ... Association for Assisted Living (NCAL) Convention and Expo to be held October 14–18, ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( ... today the introduction of an innovative new design of the shoulder pad. The ... get maximum comfort while controlling your pain while using cold therapy. By utilizing ice ...
(Date:10/12/2017)... ... October 12, 2017 , ... Dr. Parsa ... contributed a medical article to the newly revamped Cosmetic Town journal ... the hair transplant procedure known as Follicular Unit Extraction (FUE). , ...
(Date:10/12/2017)... ... October 12, 2017 , ... Women-owned and Grand ... Best and Brightest in Wellness® by Best and Brightest. OnSite Wellness will be ... Oct. 20 from 7:30 a.m. to 2 p.m. at the Henry Autograph Collection ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... , Oct. 2, 2017 Halo Labs announces the ... analysis system called the HORIZON at MIBio 2017 in ... subvisible and visible particulate matter in biopharmaceutical samples with unprecedented speed ... of the novel technique Backgrounded Membrane Imaging. ... The HORIZON subvisible particle analysis system ...
(Date:9/28/2017)... 2017 Cohen Veterans Bioscience and Early Signal ... wearable and home sensors for real-time monitoring of patients ... a nonprofit organization focused on disruptive health solutions for ... analytical system to record and integrate behavioral, cognitive, physiological ... ...
(Date:9/25/2017)... , Sept. 25, 2017   Montrium , ... File solutions, today—from the IQPC Trial Master Files ... , NL)—announced that EastHORN Clinical Services has selected ... programs and TMF management. EastHORN, a leading European ... platform to increase transparency to enable greater collaboration ...
Breaking Medicine Technology: