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People in the News

Saturday, March 15, 2025

People in the News

Saturday, March 15, 2025

Lack of confidence continues to hold women back in business

female busines leadersWomen’s lack of confidence in their own leadership skills may be holding them back from top positions in business.

That is a major takeaway from a recent report that found companies with higher percentages of women in executive positions have a stronger financial performance than those where fewer women occupy the corporate suite.

While there are no quantifiable differences in the skills and competencies of men and women, there is a big gap in how the sexes view their own abilities, which prompts more men to pursue promotions that eventually push them to the top, the study found.

“Self-confidence is giving men an upper edge,” said Rich Wellins, senior vice president of DDI International and a co-author of the study. “Women are not as confident going after leadership positions unless they are sure they have everything it takes. Men are more likely to take a risk.”

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