Ever since we launched FORTUNE's Most Powerful Women list in 1998, we've noticed that many top-performing companies—such as Citigroup, Southwest Airlines, Viacom, and Avon—have an above-average population of women at the top. Now there's some hard evidence that gender diversity and financial performance are linked. A just-released study of FORTUNE 500 companies by Catalyst, the research firm that tracks corporate women, shows that companies with the highest representation of senior women had a 35% higher return on equity and a 34% higher return to shareholders than companies with the fewest women near the top. Catalyst looked at both the management teams and financial performance of 353 FORTUNE 500 companies from 1996 to 2000.
I Googled the topic and found some interesting stats on variances between men's and women's management styles:
More than half of women business owners (53%) emphasize intuitive or "right-brain" thinking. This style stresses creativity, sensitivity and values-based decision making. Seven out of ten (71%) men business owners emphasize logical or "left-brain" thinking. This style stresses analysis, processing information methodically and developing procedures.
Women business owners' decision-making style is more "whole-brained" than their male counterparts, that is, more evenly distributed between right and left brain thinking.
Two-thirds (66%) of women business owners (compared to 56% of men business owners) tend to reflect on decisions, weighing options and outcomes before moving to action. In addition, women are more likely to gather information from business advisors and associates. More men business owners (44% compared to 34% of women business owners) emphasize action and give greater attention to external events and activities than reflection.
What's nice is that there's no right or wrong answer. The different management styles complement each other. When there's a balance between men and women on an executive team, problems are approached more holistically and higher profits would be a logical outcome.