Tuesday 23 October 2012

for you, vor ort, vorbei

While I believe these events were unrelated, it is of note that the push to institute a quota scheme for women in top management in German businesses came on the wake of the collapse of a drug store chain (Drogerie-Kette)that served as a pedestrian anchor in many neighbourhoods and smaller communities. The loss of this retailer not only means that residences need to go further for staples but the chain was also an important local employer in these host communities.
German public radio aired profiles of the so-called Schlecker-Frauen (mostly women worked there) and how they are managing after suddenly finding themselves unemployed, and it was an interesting portrayal of rippling insolvency that has not been the norm for German companies, just evaporating and leaving vacant units with no successor. Triangulating between these two matters, there was also a study sponsored by the Finance Ministry recently, perhaps to inject support for the arguments in favour of introducing quotas, that clearly showed that companies with female management and influence go under less often than their masculine counterparts. The research cited the more balanced and cautious leadership traits that women decision-makers tend to exhibit more than men, organic and holistic approaches that incorporate multiple elements into business factors and not an unwavering focus on returns. Under-represented as they are in the largest concerns (which the quota law is hoping to remedy), the Ministry does own that a risk-averse approach (riskioscheu Vorgehen) and may be attributed to the fact that women managers tend to mind smaller businesses in general and thus have less cash and resources to take gambles with. Conservative practices, however, are not the antithesis to striking a balance between personal and work life, no matter how a wager is underwritten. I am not such of the makeup of the decision-makers for the chain gone bankrupt but I wonder if it would have fared better, more discriminate expansion and focus on its original purpose, if management was a better reflection of its employees.