INTERVIEW WITH DAVID SPEER / CEO and Chairman of ITW
From our 2008 Census
ITW is a $16.2 billion diversified and value-added
manufacturer consisting of approximately 825 business units
in 52 countries and employs some 60,000 people.
What strategies have you found to be most effective in
advancing women to senior roles and tapping their
contributions?
With the decentralized nature of ITW's businesses, and 825
operating units, we have to work hard to ensure that there
are many entry points for women across our company. The last
thing we want is to exclude talented, capable people, women,
or other minorities. As we continue to diversify, there are
many opportunities we can create for women, and devising
jobs that are challenging yet flexible enough to meet their
demands is paramount. It's really more of a personal
development plan versus something that's company-wide and an
initiative we see as increasingly important, in general.
It's a key element in how I see us growing and what we want
to do more of in the future. You can continue with the same,
familiar approach but if you want to make progress on
diversity, you have to reach outside the norm.
In business, the (management) characteristics are heavily
tilted toward one particular set of traits, which is a
reflection in many ways of our markets. Our construction
business, for example, is one where we haven't had a lot of
women. Well, it turns out that if you ask, a lot of women do
want to work in construction. I have a number of women in
key positions on my senior staff who bring different and
valuable perspectives to many of our various businesses and
markets.
What do you see as the biggest challenge to increasing the number of women on boards and in senior management?
Focus and priority. If it's not a focus in your given
business environment, it's not going to happen on its own.
You have to recognize that increasing the number of women in
senior roles is a priority - not just for one or two
managers but throughout the organization. And, you have to
do it in a visible fashion. You have to create
opportunities, where you can develop entry points for women
to come into the company at all levels.
Our organization is characterized by a lot of long-serving
people, but if you wait for them to percolate to the top,
diversity doesn't necessarily percolate to the top at the
same rate. You have to be able to go outside the company,
too, for certain roles and assignments to find qualified
women who can come in and take on risk at the top level.
Whether it's through mentoring programs or women's
leadership groups, not only do you need to create the
opportunities, you have to create the support network within
your company to aid in balancing children and family or
helping develop more social capital.
What advice do you have for women who are trying to advance? What advice do you have for men who make these decisions?
Develop your positive impact. I think women do a better job
of aligning themselves where they can have the greatest
impact. If you're not enjoying it and focused on the next
rung on the ladder, it can be a slippery slope. The other
advice I'd give is, fill the void. Don't wait. Don't assume
that this is the way the 'good old boys' do it. Don't ask
for permission to create an impact. There seems to be too
much focus currently on how to go about getting to the next
level. Assume you're the right person to do it and move
forward. Demonstrate your capability to the organization.
To those who make the decisions: Look in the mirror. Do a
survey of your senior management ranks and look for diverse
elements. Gender is obviously one of those elements and it's
not hard to tell where you stand. Don't be afraid to grade
yourself. If there's no diversity, make it a priority. Look
at what has worked and what hasn't. Ask yourself: Why can't
this happen more quickly? Is there something unique to our
business?
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