For years studies have been made about why a CEO is successful. Generally their personality, habits, background and education are the focus of analytics on their performance. A new study in the Harvard Business Review identifies another influencer on a CEO’s results: having a daughter. Researchers found that CEO’s with daughters were 11.9% more likely to have better Corporate Social Responsibility (CSR). Even more interesting is that spending on CSR increases with the more daughters a CEO has.
Is there a difference if the CEO is a woman or a man? Sadly out of 379 CEO’s from the S&P 500, only 14 were women and the sample size was too small to clearly make that distinction. While it is fantastic that there is recognition on how girls impact their fathers from business to politics, we have a long way to go to making a real impact and having them become CEO’s themselves. Social responsibility is important to Generation Z and knowing that girls are having an impact on how companies and even policies in government are influenced by them gives them strength and power. Let your daughter know that she has an impact on CSR and confirm why her opinion matters.
Three Ways to Help Your Daughter Leverage Influence
Let her be heard: Giving your daughter a voice while she is in the presence of other adults is important. Whether it is at the doctor’s office or in a parent conference, allow her to be the one to speak.
Recognition from her father: When dads let their daughters know that their opinion influenced a decision it will have a direct impact on confidence.
Dream big: Regardless of what your daughter wants to be “when she grows up” knowing she should let herself “imagine the possibilities if…” and share that with you. In his new book “School of Greatness” Lewis Howes talks about finding the one thing that gives you the most passion that can help the most people and focus on that one thing.
How does your daughter influence your decisions? Do you see a difference in the way managers and directors lead if they have a daughter? We would love to hear from you. Please Like us on Facebook it helps us reach more people.