Formerly Discovery Civilization Network: The World History and Geography Channel, Discovery Civilization, & Discovery Times, Formerly Discovery Science Network, Discovery Science Channel, & The Science Channel, Formerly Discovery Kids Channel, Discovery Kids, The Hub, & Hub Network, Formerly Discovery HD Theater, HD Theater and Velocity. [114], The transaction was approved by Discovery shareholders on March 11,[115] and formally completed on April 8, 2022.[115]. Do come back and let us know how your enquiry goes. Never miss an insight. (2020). $18 million Labor Force Statistics from the Current Population Survey.Frankel, B. Fortunately, a how to playbook is starting to emerge as a growing number of companies lead. [57][58], On July 31, 2017, Discovery announced it would acquire Scripps Networks Interactive, owner of networks such as Food Network, HGTV, and DIY Network, for $14.6 billion, pending regulatory approval. But when it came to chief executive positions, women held only 29.1% of these roles, and 85.7% of chief executives identified as white, according to the Bureau of Labor Statistics (BLS). 'annual-marketing-budget-template', Taking your own education and training upon yourself can help open doors for you. The poverty threshold for a single person in 2016: $11,880 in annual income. event: 'OptIn', On the frontlines at work and at home: the disproportionate economic effects of the coronavirus pandemic on women of color. exp: 'slidedown', "Labor Force Participation RateWomen. target: { . Contributing to society and creating meaningful work, the top two priorities of employees in our survey, are the focus of just 21 percent and 11 percent of purpose statements, respectively. When you shift the statistics to look at Manager/Supervisory level positions, still using the salary of white men as the basepoint, you see Asian men and women making more and all other categories falling below the salary of white men. type: 'page', Discovery, and an interim wordmark was unveiled with the tagline "The stuff dreams are made from"a line from the 1941 Warner Bros. film The Maltese Falcon. alt: 'Business owner meeting with SCORE mentor' #jobsNearToYou{display:none;}.noImage-major-hero{display:none;}.major-hero-header-wrapper.w-100{display:none;}@media only screen and (min-width: 800px){.intro-research{}}#jopbTypeEntryContainer{display:none;}p{font-size:16px!important;}. The phrase is commonly used to describe the difficulties faced by women and minorities when trying to move to higher roles in a male-dominated corporate hierarchy. [103] The news led to speculation that, should a sale take place, new ownership could steer the network in a new direction, transforming The CW from a young adult-oriented network into one that featured more unscripted and even national news programming. I am passionate about helping to improve social justice and want to see everyone's talents have an opportunity to blossom and shine. Danone, the French food multinational, has achieved materially lower capital costs by meeting a set of ESG criteria, including the registration of certain brands to B Corps over time. This isnt the first glass ceiling Yellen has broken either. She holds a Bachelor of Science in Finance degree from Bridgewater State University and has worked on print content for business owners, national brands, and major publications. Accessed on August 11, 2021, Fortune. . lists: ['eNews - SCORE\'s Newest & Most Popular Resources','Startups - Inline Optins'] The global trend towards extreme wealth and income concentration has dramatically strengthened the economic and political power of those individuals overwhelmingly male at the top. In turn, this will drive profits and company performance. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. ]]> Because women tend to bear more responsibility for family caregiving, women with children were more likely than men to drop out of the labor force when schools and care centers closed due to Covid. While White women held 32.6% of total management positions in the US in 2021, women of color held a much smaller share:17 GB News was set up by Andrew Cole and Mark Schneider from Liberty Global. [6][7] In 1991, Discovery Channel's owners acquired The Learning Channel. More solutions are necessary, and companies need to find ways to implement them to protect their employees, their bottom line, and the economy. In 2018, HSBC reported the biggest gap, with the banks female employees averaging just 41 percent as much as UK male employees. form: { Accessed on January 6, 2022. No one in her personal life was able to provide the help she needed so Lorinda turned to SCORE for the guidance she was looking for. analytics: { PayPal surveyed its employees to assess their financial wellness, developed and began tracking metrics such as a new net disposable income calculation for its employees, and took immediate action to improve these metrics and provide its employees with financial security. (4%) 16, While White women held 32.6% of total management positions in the US in 2021, women of color held a much smaller share:17, DEFINITION:The U.S. Office of Management and Budget (OMB) requires federal agencies to use a minimum of five race categories: White, Black or African American, American Indian or Alaska Native, Asian, and Native Hawaiian or Other Pacific Islander. Learn what Emotional Tax is and how it affects both employees of color and organizations. ctctFormId: '969cf06a-e0cc-4b23-b6f0-e86f37350f5f', Its critical that companies respond to problems that are seen in leadership by this age group. Presently, there are no female black or Latina CEOs of Fortune 500 companies. selector: '.block-score-global-score-supporting-image', ctctFormId: '969cf06a-e0cc-4b23-b6f0-e86f37350f5f', Source: McKinsey Organizational Purpose Survey of 1,214 managers and frontline employees at US companies, October 2019. Many executives tell us they feel their own companies do great CSR work but wish those efforts could extend into the core, adding meaning to the day-to-day experience of their employees and themselves. He holds an MBA from DePaul University and is a Certified Anti-Money Laundering Professional. Get real: Create a baseline from your stakeholders perspectives. (2021). [72] The service was officially announced in October 2018 as GolfTV, with Eurosport executive vice president Alex Kaplan named the president and general manager of Discovery Golf. We'll email you when new articles are published on this topic. target: { name: 'email_form', 80% of employees are happy with their boss. New Zealand only. HR Millennials: Insights Into Your New Human Capital. Top reasons women considered leaving include: Whether In the Home or in the Workplace, Women of Color Have Been Disproportionately Affected by the Covid Pandemic12. Such engagement brings out new perspectives, mitigates risk, and avoids surprises later on. { Kamala Harris shattered a glass ceiling when she became the first woman Vice President of the United States. Heres How Managers Can Change That, Women Are Advancing in the Workplace, But Women of Color Still Lag Behind, Annual estimates of the resident population by sex, race, and Hispanic origin, 2017 National Population Projections Tables, Table 3.1: Civilian labor force by age, sex, race, and ethnicity, 2000, 2010, 2020, and projected 2030 (numbers in thousands), On the verge: How to stop the tidal wave of multicultural women fleeing corporate America, On the frontlines at work and at home: the disproportionate economic effects of the coronavirus pandemic on women of color, Emotional Tax: How Black Women and Men Pay More at Work and How Leaders Can Take Action (Report), Day-to-Day Experiences of Emotional Tax Among Women and Men of Color in the Workplace (Report), Research, Reading, and Resources for the Antiracist: Ask Catalyst Express, Native Hawaiian and Other Pacific Islander. The term glass ceiling was coined by Marilyn Loden, a New York telephone company manager, during a 1978 Women's Exposition. Unfortunately, there are often few inexpensive training opportunities for leaders. Health care expenditures at high-pressure companies are nearly 50% greater than other organizations. hostname: 'www.score.org', The unemployment rate ran even higher for American Indian, Black, Latino, Middle Eastern, and multi-racial transgender Americans. Because of the nature of these jobs, teleworking is not an option for many women. (2020). "36 Powerful Leadership Statistics [2022]: Things All Aspiring Leaders Should Know" Zippia.com. A total of 21 Black Americans have held Fortune 500 CEO positions, including the five who currently hold the top spot. Discovery will primarily broadcast the Games on local outlets (including Eurosport), but will sub-license coverage to over-the-air broadcasters in each region. As a fill-in for her employer's only female executive, Loden was invited to discuss how women were to blame for the barriers preventing them from advancing in their careers. [152][153][154], In March 2021, Discovery was made available to beIN Media Group subscribers in the Middle East and North Africa. AT&T will receive $43 billion in cash and debt from the spin-off. Women make up 67 percent of workers earning the federal minimum wage according to the Bureau of Labor Statistics, a wage rate stuck at $7.25 since 2009. }, event: 'OptIn', [25], In March 2007, Discovery sold its stake in Travel Channel back to Cox Communications, in exchange for the stake in Discovery that Cox owned. If you have already built momentum with initiatives in the first two categories, its easier to stretch for moon shotswhich are the most meaningful, generate the most internal satisfaction, and also capture external attention (including motivating others to act). By focusing on good management and developing solid leadership skills in their team, companies can significantly improve their performance and the health of their employees. Accessed on January 6, 2022. Within the OECD group of higher-income nations, South Korea holds the widest gap, with men earning 37 percent more than women, on average. },{ There is no simple, input/output equation, which makes it hard to address purpose in the context of prevailing shareholder models. [169] His manifesto also railed against "immigration pollution and anchor baby filth", leading commentators such as Mark Potok of the Southern Poverty Law Center to decry Lee as an "eco-fascist". Investors are migrating to ESG funds. This statistic points to an almost-crisis level of workplace stress in the United States, costing billions of dollars. The International Labor Organization concedes that more work needs to be done to develop more accurate global gender gap analyses. 81-90. More than 2,000 academic studieshave examined the impact of environmental, social, and governance propositions on equity returns, and 63 percent of them found positive results (versus only 8 percent that were negative). I learned there are people out there who want you to succeed., Only 2.3% of venture capital funding went to startups solely owned by women.PitchBook, The US VC Female Founders Dashboard, Only 26 women are found as CEOs at Fortune 500 companies.Apps That Deliver, Women in Business Statistics, 12.3% of small business owners in the US are women.Apps That Deliver, Women in Business Statistics. 2. Such outcomes dont arise magically because a company decides to be purpose-driven. Employees who are made to feel that theyre appreciated and their work is recognized are more engaged and can help the company achieve its goals. hostname: 'www.score.org', Rajendra Sisodia, Jagdish N. Sheth, and David Wolfe, Firms of Endearment: How World-Class Companies Profit from Passion and Purpose, second edition, Upper Saddle River, NJ: Pearson Education, 2014. They reported that leadership is not being developed, and companies are facing some serious repercussions from this oversight. "Janet Yellen. target: { [75][76][77], In November 2018, Chip and Joanna Gaines of the former HGTV series Fixer Upper announced on The Tonight Show Starring Jimmy Fallon, that they were in early talks to form a "lifestyle focused media network" with Discovery named after their personal company Magnolia. experience: 'Sidebar' [105] Network president/CEO Mark Pedowitz confirmed talks of a potential sale in a memo to CW staffers, but added that "It's too early to speculate what might happen" and that the network "must continue to do what we do best. Launched in 1994, acquired by Discovery, Inc. in 2018. Theyre also skills that people in leadership positions should be looking to hone. Several factors may have contributed to women of color becoming discouraged from seeking work. visible: true, Discovery also announced that this new trans-Tasman organisation would be headed by two general managers, the Sydneybased Rebecca Kent and Glen Kyne in Auckland. 'los-10-principales-errores-de-contabilidad-de-las-pequenas-empresas', } Accessed on August 11, 2021, Payscale. [71], In June 2018, Discovery announced a 12-year agreement to acquire the international media rights to the PGA Tour, with plans to develop an international streaming service to house these rights. Flip the Script: Race & Ethnicity in the Workplace Catalyst One cause of this lack of diversity could be that not enough black people are put on management tracks early in their careers. var divElement = document.getElementById('viz1532369640341'); var vizElement = divElement.getElementsByTagName('object')[0]; vizElement.style.width='100%';vizElement.style.height=(divElement.offsetWidth*0.75)+'px'; var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); Throughout the U.S. workforce, women remain vastly underpaid. Making that linkin other words, achieving a truly purpose-driven culturerequires listening and being very open to what you hear. 83% of business agree that leadership development is important at every level. Both pension plan and Social Security payouts reflect in part past earnings. var divElement = document.getElementById('viz1532385302764'); var vizElement = divElement.getElementsByTagName('object')[0]; if ( divElement.offsetWidth > 800 ) { vizElement.style.width='100%';vizElement.style.height=(divElement.offsetWidth*0.75)+'px';} else if ( divElement.offsetWidth > 500 ) { vizElement.style.width='100%';vizElement.style.height=(divElement.offsetWidth*0.75)+'px';} else { vizElement.style.width='100%';vizElement.style.height=(divElement.offsetWidth*1.77)+'px';} var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); American women earn less than men, on average, in all industries. Leadership Development Is A $366 Billion Industry: Heres Why Most Programs Dont Work. BY Phil Wahba. Harris was officially sworn in as Vice President on Jan. 20, 2021. selector: '.block-score-global-score-supporting-image', list: 'eNews', Following a bumpy launch week that saw frequent server trouble and bloated player queues, Blizzard has announced that over 25 million Overwatch 2 players have logged on in its first 10 days. Founded in 1962, Catalyst drives change with preeminent thought leadership, actionable solutions and a galvanized community of multinational corporations to accelerate and advance women into leadershipbecause progress for women is progress for everyone. By contrast, women represent only 8 percent of CEOs at Fortune 500 firms. Corporate social responsibility (CSR) initiatives remain a powerful lever. }, heading: 'More Knowledge Like This Direct to Your Inbox', var divElement = document.getElementById('viz1531954045674'); var vizElement = divElement.getElementsByTagName('object')[0]; vizElement.style.width='100%';vizElement.style.height=(divElement.offsetWidth*0.75)+'px'; var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); Other major economies show similar trend lines. As he put it, the market wasnt working for these employeesor for many others similarly situated. Annual estimates of the resident population by sex, race, and Hispanic origin [Data set]; United States Census Bureau. Among the 21 countries reporting data for at least one year during the 2013-2015 period, the West Bank and Gaza had the greatest imbalance, with men devoting just 16 percent as much time to unpaid domestic and caregiving work as women. ctctFormId: '969cf06a-e0cc-4b23-b6f0-e86f37350f5f', Employees are agitating for decisions and behaviors that they can be proud to stand behind and gravitating toward companies that have a clear, unequivocal, and positive impact on the world. ", Women Entrepreneurs Who Turned to SCORE as a Partner in Their Success. Engage a wide range of stakeholders early as a key input into the process. 15% of Fortune 500 companies CEOs are women. HOUSEHOLD DATA ANNUAL AVERAGES. The pay scale broken down by race and gender shows executive Pacific Islander men making the most while American Indian women executives make the least. From Entry Level Positions to the C-Suite, the Share of Women of Color in Leadership Remains Small15 Among full-time workers, women earned less than 81 cents for every dollar a man earned in 2016. New Zealand only. Yearly rankings of the best employers in the United States, Canada as well as for women, diversity, recent grads and beyond. While Discovery had divested the television-related patents, it retained the e-book patents. The term has been broadened to include discrimination against minorities. Wed suggest that the disconnects between public perceptions of business and its potential for good, or between employees desire for meaning at work versus what they experience, reflect a purpose gap. (2022, January 31). Others clearly help society now but take longer to yield bottom-line results. } Your stakeholders care about the concrete consequences of your lived purpose, not the new phrase at the start of your annual report. 'your-first-step-toward-business-growth-swot-analysis', "Sinc [52], In May 2016, Discovery initiated a restructuring plan aiming to save $40 to $60 million by the third quarter of 2016, including a shift in strategy to "maximize" its linear television business whilst plotting larger investments in content, digital media, sports, and international markets. Do your critical organizational building blockswhether they are business units, agile squads, or pockets of functional expertisehave the autonomy and incentives to do their work with purpose? [24] In the years that followed, Zaslav placed a major focus on bolstering Discovery's core networks, programming, and expanding the company's reach into digital media. Advice from women business owners on starting a small business. Along with resources and tools created especially for women entrepreneurs, SCORE offers free and confidential business advice. options: { Starbucks, Lowes, Merck, and TIAA-CREF, are the only companies that currently have black people in their CEO spot. [104] However, reports also indicated that WarnerMedia and ViacomCBS could include a contractual commitment that would require any new owner to buy new programming from those companies, allowing them to reap some continual revenue through the network. The resulting friction is uncomfortable, but also extremely valuable. [48] In October 2014, Discovery acquired controlling interest in Hub Network from Hasbro and re-branded it as Discovery Family. How much insight are your current reporting outputs generating about your efforts to deliver on purpose? [142][143] On January 31, 2017, after nearly facing a carriage dispute, Discovery renewed its distribution deals in Germany and the United Kingdom with Sky plc. Only 10% of people are natural leaders another 20% show some qualities of basic managerial talent that can be cultivated into high-quality leadership. Statista. Connect purpose with your companys superpower. In addition, Discovery and the BBC reached an agreement to break up their UKTV joint venture (which was inherited from Scripps), with Discovery acquiring the BBC's shares in the Good Food, Home, and Really channels, and BBC Studios acquiring Discovery's shares in the seven remaining channels, and its streaming platform UKTV Play. { Vice President Kamala Harris shattered the second-highest glass ceiling in the U.S. when she became the first female and first Black and South Asian Vice President on Jan. 20, 2021. Lori Volk took selling lemonade locally to major stores, cafes, independent markets, and restaurants. BBC News. Women entrepreneurs bring a unique perspective and sometimes must break ceilings in traditionally male-dominated industries or roles. The barriers are most often unwritten, meaning that these individuals are more likely to be restricted from advancing through accepted norms and implicit biases rather than defined corporate policies. The patents were originally developed by Discovery founder John Hendricks, who had been developing technologies related to e-books and the digitization of television programs. Also, Its holding corporations back from realizing potential success, and the American population is facing more stress-related illnesses and injuries. There is a huge number of people who are reporting that theyve experienced a bad manager. Leadership training is big business for learning organizations, and these businesses are looking to increase their offerings. That shouldnt be surprising. { analytics: { [155], In June 2016, Discovery acquired a 27.5% stake in Bethia Comunicaciones S.A., a division of Chilean conglomerate Bethia that owns Red Televisiva Megavisin S.A., a company which in turn owns both the private television network Mega and a 70% stake in the anime-, Korean drama- and K-pop-focused cable television channel ETC (which is co-owned with its creator, who is businessman and television executive Hernn Schmidt Fuentes). Up to 8% of national spending on health care and 120,000 deaths a year can be connected to workplace stress. path: 'https://s3.amazonaws.com/mentoring.redesign/GettyImages-1218866347%20woman%20man%20meeting.png', Your impact also extends to the resources, including energy, that are required for the consumption of your products, in their entirety. visible: true, Women are more likely than men to work in service occupations, including domestic work, restaurant service, retail, tourism, and hospitality, that require face-to-face interactions and have been hard-hit by layoffs. event: 'OptIn', var divElement = document.getElementById('viz1532641497569'); var vizElement = divElement.getElementsByTagName('object')[0]; vizElement.style.width='100%';vizElement.style.height=(divElement.offsetWidth*0.75)+'px'; var scriptElement = document.createElement('script'); scriptElement.src = 'https://public.tableau.com/javascripts/api/viz_v1.js'; vizElement.parentNode.insertBefore(scriptElement, vizElement); Poverty is a particularly acute problem for women of color, affecting 21.4 percent of Black women, 18.7 percent of Latinas, and 22.8 percent of Native American women, compared to the national poverty rate for white men of 7.0 percent. hostname: 'www.score.org', According to the Transamerica Center for Retirement Studies, American women in 2017 held $42,000 in median retirement savings, compared to $123,000 for men. 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