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    Fortune 1000 Company Adds 24% To Top Line Revenue With Innovative Female Talent Development Program​​​​​​​

    Fortune 1000 company that brought us in to address their drop in market share in the past three years, the financial drain of high turnover, and the challenge of maintaining operations in a long time male-dominated company. 

    Executive Summary

    ​​​We were invited by a Senior Executive to support his organization in brainstorming and implementing an innovation initiative that solved three key areas of concern:


       i)  losing momentum and market share due to disruption in the workforce 

       ii) a cost-effective strategy for attracting and retaining talent 

       iii) how to address gender inequality in the workplace with the current budget challenges


    Their need was to design a strategic and innovative approach to driving revenue while addressing these various challenges.

    17% more women got promoted, top line revenue went up 24%, and management took steps to address the gender pay gap... a win for the business, a win for the women, and a win for the gender equality cause.

    The Challenge

    Our Approach

    Our customized solution involved a Strategy Day to determine key priorities, with time dedicated to addressing any overlooked threats and opportunities. This was followed by a series of stakeholder interviews and assessments to determine the current culture, processes, and how innovation-ready the organization was. The goal was to e​​​ncourage a more open, safe, and transparent speak-up culture with business units working together to drive the company's mission and targets.


    We accomplished this in-part by kicking off with one of our proprietary gamulations called Picture Perfect™ which teaches teams the value of team communication and inclusion, as well as delivering a framework for making cross-team collaboration more effective.













    During this stage, it became clear that there appeared to be a disconnect between how women and men approached business challenges.


    We spent time with the men and helped them to understand the value women could bring when their skills were leveraged appropriately. We spent time with the women, and using research based on neuroscience, helped them develop and leverage their natural talents. We also trained them in the specific skillsets they were missing; particularly those that prevented them from showing their value at work, demonstrating their leadership potential, and driving revenue. 

    The women learned how to present their ideas in a way that helped the business win market share while positioning themselves to be recognized for the impact they made so they could set the stage for being rewarded with potential higher pay and promotions. 


    Throughout this process, over 250 new ideas were generated and three ideas were quick wins that could be built out and implented within the same financial year.



    "it became clear that there also appeared to be a disconnect between how women and men approached business challenges"​​​​​​​- Leena Patel


    "Partnering with Sandbox2Boardroom  helped us realize that women are natural innovators, problem-solvers, and networkers. I didn't realize how much profit growth we were losing out by not nurturing the talents of the women in our organization. It has been both a humbling and eye-opening process."

    -Michael, Executive​​​​​​​​​​​​​​​​​​​​​

    Result

    As a result of this initiative, within an eight month period our client bumped up their percentage of women promoted into senior leadership roles by 17% (i.e. 60 women were promoted as a direct result of the program) while driving their company's top line revenue up by 24%.


    This number doesn't include the costs savings made from retaining their talent. During a survey at the beginning, 67% of women said they would leave if another opportunity came up. This compares to 32% six months later. Comments included:


    "I feel [this company] is actually listening to us for the first time since I joined. I feel heard. I feel like I'm making a difference."


    With the additional revenue generated, the company was able to take steps to addressing the gender pay gap differences that a wage audit had revealed.

    The goodwill generated from making both women in leadership and innovation a top priority and tying these two initiatives together made this a win for the business, a win for the women, and a win for the gender equality cause.

    Our Contribution

    • Strategic approach
    • Customized solution
    • Ability to adapt as new data emerged
    • Ability to create a blueprint that could be scaled across the organization


    Copyright 2018-20 - Leena Patel, Global Impact Systems - All Rights Reserved

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