Monday, March 12, 2012

‘Success is measured by professionalism rather than sex’


Chennai:
Success is measured by professionalism rather than sex and it is demeaning if to get a job on the basis of being a woman, according Aruna Jayanthi, who is ranked fourth in the 50 most powerful Indian Women by Fortune India Magazine.

Delivering the inaugural address of Madras Management Association’s Women Managers’ Convention 2012, the Capgemeini chief executive officer urged the women to think and act as a professional rather than as the fairer sex.

She said it is demeaning to get a job only on the basis that you are a woman. “You got the job because you are competent,” she said, adding that she opposes reservation for women.

Jayanthi said the entry level should have the right amount of diversity but as one goes up the ladder, he or she should be promoted only on merit rather than on sex.

She also said that companies, which are having women as board members, are doing well and said now there is a bid by companies to have atleast 20 per cent women as board members.

She said the world can’t ignore women who are instrumental in consumer decision and who spur the growth of economy.

US consul general in Chennai Jennifer McIntyre in her keynote address said women are key to global economy and hailed the contributions of Indra Nooyi, chairman and chief executive officer of PepsiCo, and chairman and managing director of Biocon Kiran Mazumdar Shaw. She also quoting reports said companies with more women board directors outperform those with the least by 66 per cent in terms of return on invested capital, by 53 per rcent in terms of return on equity, and 42 per cent in terms of return on sales. 

“Social research shows that women disproportionately spend more of their earned income on food, healthcare, home improvement, and schooling, which has a multiplier effect in local communities,” she added.

She said women are estimated to control $15 trillion worldwide in spending by the year 2014,
and by 2028, will account for about two-thirds of consumer spending.

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