The number of female CEOs on the Fortune 500 list will reach a record -- 38 -- when Linda Rendle starts her role as CEO of Clorox next month. Female representation on the list has been slow to progress, and an even smaller fraction is women of color.
A lack of understanding may be one reason Black women aren't in many leadership positions, and addressing the issue starts with company executives, says Sandra Gaddy, CEO of the Women's Resource Center. "I challenge the CEOs and leadership teams to look at their leadership team: Does that reflect the community and does that embody what you want your organization to reflect?" she says.
Tech firms need to look at the diversity of their teams, as only a small portion of employees are women of color, writes Mayka Rosales-Peterson of Telesystem. Research shows that diverse companies outperform those lacking, and executives "should be very intentional with their strategy for creating visibility for women of color who are in their companies," she writes.
Early benefits of working from home are wearing off, and employees need help from managers in creating new structures and connections while staying energized, writes Jim Haudan. "And since working from home doesn't seem to be going anywhere, the sooner we master leading in this physically distant world, the better for us all," he writes.
McDonald's expects the pandemic to continue to create regionally based disruptions for at least another year, with breakfast being affected most by the change in work and commuter habits, says CEO Chris Kempczinski. "We did some work, looking at cellphone data and tracking mobility: What we saw in the mobility data was consistent with what we saw in the restaurant, which is essentially that people moving around was down dramatically in the mornings," he says.
The Kitchen Restaurant Group run by Kimbal Musk is developing an app that allows diners to order and pay through their iPhones, and Marriott is working on expanding its contactless options as people continue to be wary during the pandemic. "[F]rom a guest convenience and guest happiness perspective, and from a team safety perspective, it's pretty hard to imagine going back," Musk says.
Why it matters: To paraphrase the venerable Ferris Bueller: Working life moves pretty fast. If you don't stop and refocus your skills once in a while, you could miss out on some opportunities. This article shines a spotlight on 4 skills that are already important, but stand to see their value increase in a post-pandemic world. The article also lists 10 skills of growing importance and 10 skills whose value is starting to fade.
Teams and leaders can relieve stress by working on one project at a time, simplifying work processes and being patient with interruptions. "Now more than ever, leaders need to exhibit compassion, display deeper trust, and become comfortable allowing teams more autonomy," says coach and Lean Six Sigma expert Shelisa Bainbridge.
Trek Bicycle expected business to plummet because of the pandemic but instead saw the opposite, sparking a rush to level up production and also help small businesses that sell Trek products. "The company developed a comprehensive guidebook of operational instructions for retailers called 'How to Survive the Season,' offering signage, floor plans, traffic directions, safety precautions, and other tips for doing business at a time of social distancing," writes Larry Kanter.
Don't waste time wondering when the coronavirus pandemic will end, and instead focus on scenario planning, leveraging your strengths and searching for opportunities, writes Scott Eblin. "Create some space for the important work of reimagining the future before it becomes completely urgent," he writes.