Companies now realize that in order to create a productive environment such differences need to be harnessed in such a manner that everybody feels valued with their talents fully utilized for meeting the organizational goals. This study is an effort to look into such diversities in general. With the female gender rubbing shoulders with their male counterparts in almost all professions, the diversity on account of gender in particular is the one most talked about now a days. An effort would also be made in this study to analyze some cases in which women have been leading an organization.
In order to manage an organization, there are a number of key stakeholders like customers, government, environment, human resources etc. Managing other operations and activities become far more convenient if a company is able to manage its human resources effectively. Having a pool of talented and motivated workforce certainly helps the matters. Terry & Franklin (1994) defines management as 'a distinct process consisting of activities of planning, organizing, actuating and controlling performed to determine and accomplish stated objectives with the use of human beings and other resources'. The older schools of thought considered the male workforce fit enough for all types of functions involving varying degrees of stress and strain, the female counterparts was considered delicate to the extent that they were not considered fit enough for such jobs. But times are changing and there are examples which prove beyond doubt that women employees are equally competent to handle any kind of situation. The society too has in general accepted this fact, which becomes all the more clear when we find out that there a number of companies where women have been assigned or designated on top posts.
Indra K. Nooyi, the Chairman and CEO of PepsiCo, world's largest convenient food and beverage companies, is a leading example of how the women power has made its mark in managing the corporate affairs. Coming from a humble background in India, Mrs. Nooyi has traveled a long distance prior to becoming the top decision maker in Pepsi in 2006. She has served on the board of Pepsi since 2001, when she was named as the President and Chief Financial Officer1. Prior to her career with Pepsi, Ms. Nooyi has also served in Motorola as Vice President and Director of Corporate Strategy and Planning besides serving is some other renowned companies. This goes on to show that she has worked really hard to make it to the top post and she did not get the job out of sympathy or partial considerations. Acknowledging her business acumen leading bodies like Federal Reserve Bank of New York, the International Rescue Committee and Lincoln Center for the Performing Arts in New York City have nominated her on their board of directors. A recent study by Forbes, places her on the top of the 13 highest paid female CEOs in America (Kirdahy, 2008). Though, her total compensation is stated to be just about one-fourteenth of the highest-paid male counterpart, yet the process can be stated to have become in right earnest. It is worthwhile here to mention that she comes from a conservative family in India, and yet she has been able to to lead a company without the conservatism coming in the way goes on to prove