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Women's Leadership Circle Women's Leadership Circle newsletter

THE VANCOUVER BOARD OF TRADE’S WOMEN’S LEADERSHIP CIRCLE®

Content provided by Judy Thomson & Gayle Hallgren-Rezac of Shepa Learning Company for the Women’s Leadership Circle®

Vol. 26 Jan/Feb 2010

Founding Platinum Sponsor:

LifeLabs

Founding Gold Sponsors:

Coast Capital Savings

Terminal City Club

Silver Program Sponsor:

Hub International

add to your calendar! January 15, 2010
January 22, 2010
January 29, 2010
February 5, 2010

Catch the Spirit!
It’s time. It’s really time to get excited about the Olympics. Come to the Spirit of Vancouver House on the 6th floor of The Bay downtown presented in co-operation with Vancouver AM House and hear some brilliant speakers, including remarkable women such as Nancy Greene Raine, Dianne Watts and Donna Wilson. It’s an early morning thing, but it will get you in practice for those 4 a.m. bus rides to Whistler to cheer on our Olympic ski teams.

In this issueIn this issue

Let’s not talk just to the converted

How talented women thrive

How talented women survive

Powerful women – you got that right!

Living the remarkable women model

Creatures of multi-tasking

Preferred hotel rates

Your feedback

LET’S NOT TALK JUST TO THE CONVERTED

When events have “women” in the title, women come to the event, men don’t. A case in point was the WLC event last year, where Catalyst vice president Deborah Gillis shared the 2007 Catalyst Census of Women Board Directors findings. The report showed that companies with the highest representation of women directors had stronger performances than those with fewer women – 53 per cent higher return on equity, 42 per cent greater return on sales and 66 per cent higher return on invested capital: pretty remarkable data for anyone interested in corporate governance and its relationship to organizational performance. What was unfortunate was that the audience was primarily women. I noted at the time: “this information is great, but I think we’re speaking to the wrong audience.”

In a few weeks, we have another opportunity to receive important information that will almost certainly be useful to any organization and any leader: male or female. On February 3, the WLC will be hosting: How Remarkable Women Lead. In commenting on the book that is the underpinning of the presentation, renowned leadership guru, Warren G. Bennis said: “Don’t be taken in by the title: men have as much to learn from this book as women.” While I know that many of you have already registered for this event, is there one man in your life or in your organization that might benefit from hearing about the leadership traits of remarkable women? If so, here’s a challenge: call that man now and invite him to join you at the WLC event on the 3rd: it may change your life and his!

Better yet, bring your entire leadership team to How Remarkable Women Lead. It is a great way to start off 2010. And, if everyone hears the message of Centered Leadership, it will fire start the discussion and implementation of these strategies within your organization.

– Sue Paish, founding chair, WLC

HOW TALENTED WOMEN THRIVE

Remarkable & Powerful Woman is the theme of this month’s WLC newsletter as we recap the most powerful women in business and share more information on what will be one of the most helpful workshops you’ve ever attended. It’s our February 3 How Remarkable Women Lead workshop with McKinsey on their model of Centered Leadership. It will be presented by the co-author of How Remarkable Women Lead Susie Cranston, engagement manager, McKinsey & Company and Johanne Lavoie, senior expert, organization and leadership practice, McKinsey & Company. This session is exclusive to The Vancouver Board of Trade so it is a truly unique opportunity to learn from these experts.

To get a jumpstart on this event, we have been reading the book, How Remarkable Women Lead. The dust jacket says, “a breakthrough model for work and life.” We agree. Some of the concepts are ones we intuitively believe: leaders are optimists, they’re fearless, and they have a storehouse of energy mere mortals only dream about. But, five years of research by McKinsey crystallizes these concepts and then gives us a model to follow: Centered Leadership. As the diagram shows, there are five dimensions of leadership including:

  • Positive framing
  • Connecting
  • Engaging
  • Meaning
  • Managing energy
five dimensions of leadership

What’s useful about Centered Leadership is that even if you aren’t a natural optimist, or fearless or have energy to burn, the model gives you the tools to help you change the way you operate. Come to this event, bring co-workers and friends. This might just change the trajectory of your career!

Read more about The Five Dimensions of Leadership before the February 3 event.

HOW TALENTED WOMEN SURVIVE

You’ve just had a major screw up at work (we figure it is okay to use this word — Obama does). So, how do you recover from something like that? Here is an example from How Remarkable Women Lead of how leaders can survive a career-limiting move. Authors Barsh and Cranston tell the story of Ellyn McColgan, an up-and-coming superstar at Fidelity Investments, who had what could only be described as a ‘near death’ business failure of her unit. “I thought my career was over.” The steps of how she survived that business crisis are lessons we all can learn. “A natural reaction to failure is to be afraid and to get smaller,” Ellyn says. “But what you should do is get bigger.” Along with this, Ellyn also unplugged her natural reaction to be defensive. Following a series of important steps outlined in How Remarkable Women Lead, she recovered her reputation. What was interesting was the amount of time it took. For example, it took a year to win back the trust of her boss. To have the confidence and self-belief to “hang in there” are skills that we can all learn.

POWERFUL WOMEN—YOU GOT THAT RIGHT!*

There was a time, not so long ago, that the business community would have looked askance if someone had suggested a MOST POWERFUL women list. Today there are annual most powerful women lists. We have Toronto’s Pamela Jeffery of the Women’s Executive Network (WXN) to thank for going where no women’s group had gone before, with the establishment in 2003 of Canada’s Most Powerful Women: Top 100 Awards. To date, 460 women from across Canada have received this Award and 62 of these women have been inducted into the Canada’s Most Powerful Women: Top 100 Hall of Fame.

Speaking of powerful women, as of January 1, 2010 Bev van Ruyven (pictured above) became the acting president and chief executive officer of BC Hydro. Bev is one of Canada’s 2009 Top 100 Women Award winners and a WLC Advisory Council member. Find out who else is on the 2009 list.

Fortune magazine also lists the 50 Most Powerful Women in Business. There are a number of interesting categories you can scan: Highest Paid, Youngest, Movers, and Global women leaders.

LIVING THE REMARKABLE WOMEN MODEL

*“You got that right!” is the trademark saying of one of the most amazing, powerful and wonderful women leaders, our own Wendy McDonald, the dynamo behind B.C. Bearings. Wendy exemplifies what Joanna Barsh and Susie Cranston’s research found: “Every woman leader we met was an optimist, and it really doesn’t matter who was born one and who developed the skill.”

In 1950, with four young children, Wendy took over as president of B.C. Bearings, when her first husband (who started the business) died in a plane crash. Unfortunately, she was widowed twice more, when her second husband drowned and the third was killed in a car accident. Over the years her accomplishments have been many. She was the first woman chair of The Vancouver Board of Trade, was honoured with the Veuve Clicquot Award of Distinction, which is awarded to top businesswomen in different countries each year and received an Order of Canada designation in 1997.

If you want to read Wendy’s story, there is a new book, You Got That Right: The Story of Wendy McDonald and B.C. Bearing Engineers. It’s written like an album of her life, full of great Wendy stories and amazing photos.

CREATURES OF MULTI-TASKING

An article in the Vancouver Sun struck a cord. “Just try telling your kids you’re not available to do anything else today because it’s laundry day, or your boss that you won’t be answering the phone or checking e-mail for a week while you work on a project, or tell your partner that you won’t be available for a date until – let’s see, is there a space clear on your calendar in 2010?”

As the article explains, life “doesn’t work that way” and in our attempts to become more efficient by multi-tasking, we are actually sabotaging ourselves. “When people are constantly interrupted, they develop a mode of working faster (and writing less) to compensate for the time they know they will lose by being interrupted. Yet working faster with interruptions has its cost: people in the interrupted conditions experienced a higher workload, more stress, higher frustration, more time pressure, and effort.”

Read the whole article

For even more help to deal with your multi-tasking ways, read The Power of Full Engagement by Jim Loehr and Tony Schwartz.

PREFERRED HOTEL RATES

Did you know that you can receive corporate rates at certain hotels in Vancouver, Richmond, Kamloops and Victoria with your Board of Trade membership? To learn more check out pages 5 to 7 of the Members’ Benefits booklet (PDF).

YOUR FEEDBACK

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