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Mentoring: People and Success Presented at Wake Forest University 10.28.09
Agenda/Topics To Be Covered <ul><li>Mentoring 101 </li></ul><ul><li>Interactive Exercise </li></ul><ul><li>Mentoring Tools...
Goals of this Presentation <ul><li>To inform and inspire: Mentors are “kind of a big deal.” </li></ul><ul><li>To drive act...
Mentoring & Hot Mommas  <ul><li>The Hot Mommas® Project : </li></ul><ul><li>Virtual MENTORS for women and girls </li></ul>...
<ul><li>Screen shot of www.HotMommasProject.org </li></ul>structured  blog  format searchable  by   tag,  category Connect...
Mentoring and GWSB <ul><li>George Washington University School of Business: </li></ul><ul><li>Award-winning Women’s Entrep...
Wake Forest and Mentoring-Resources <ul><li>Business School – Executive Partners </li></ul><ul><li>Women in Business Mento...
Mentoring Definition <ul><li>Men·tor   (mntr) </li></ul><ul><li>A city of northeast Ohio, a residential suburb of Clevelan...
Okay, Really…Mentoring Definition <ul><li>men·tor   (mntôr, -tr) </li></ul><ul><li>1.  A wise and trusted counselor or tea...
Quick Check-Where Do Mentors Come From? <ul><li>A. Professors and Teachers  </li></ul><ul><li>B. Friends and Family </li><...
What It’s  Really  About: Inform and Inspire <ul><li>Mentors HELP you </li></ul><ul><ul><li>In this day and age of fast ch...
Mentoring = A Key Success Factor <ul><li>Those who  sought a mentor  out had higher pay and higher hierarchical status. </...
Mentoring = Bigger Impact for Women <ul><li>Women and girls are more likely than men to limit their career choices due to ...
Does it REALLY Matter if Women Don’t Ascend? <ul><li>Globally, country economic growth correlates highly with female entre...
Mentoring & Women…Our Call to Action <ul><ul><li>We can stick with the status quo, </li></ul></ul><ul><ul><li>or </li></ul...
Summary of Mentoring 101 <ul><li>It helps you succeed. </li></ul><ul><li>It’s a big deal for women. Leaders who get this w...
Agenda/Topics To Be Covered <ul><li>Mentoring 101 </li></ul><ul><li>Interactive Exercise </li></ul><ul><li>Mentoring Tools...
Case Study - Hot Mommas Project <ul><li>Q: How successful do you feel relative to other colleagues? </li></ul><ul><li>“ Mo...
Case Study - Hot Mommas Project <ul><li>Q: How successful do you feel relative to other colleagues? </li></ul><ul><li>Rach...
Case Study - Hot Mommas Project <ul><li>Q: How successful do you feel relative to other colleagues? </li></ul><ul><li>Alic...
Case Study Discussion <ul><li>Q: What are the differences between Rachel and Alicia?   </li></ul>
Time to Get REAL <ul><li>What is mentoring – REALLY? </li></ul><ul><li>It’s all about PEOPLE </li></ul>
Exercise: Think About People <ul><li>Q: Think about one of your most successful mentoring / influential relationships.  </...
Exercise: Think About MORE People <ul><li>Q: Think about your personal board of advisors.  </li></ul><ul><li>Who is sittin...
Exercise: Your Personal Board of Advisors Good friend You in 5 years You in 10 years Entrepreneurship Corporate Industry e...
Exercise Follow-up: TALK to the PEOPLE! <ul><li>T ARGET - Make a target list of individuals.  (Passion) </li></ul><ul><li>...
Mentor Communication <ul><ul><li>Meet </li></ul></ul><ul><ul><li>Networking event </li></ul></ul><ul><ul><li>One on one </...
Time to Get REAL <ul><li>There is no mentor tree. </li></ul>
Time to Get REAL <ul><li>It’s about people...making the effort…connecting…learning… </li></ul><ul><li>Communication </li><...
Quick Check In <ul><li>A Mentor Relationship is: </li></ul><ul><li>My responsibility to maintain </li></ul><ul><li>The men...
Summary of Interactive Exercise <ul><li>Desirable traits of mentors. Personal board of advisors. </li></ul><ul><li>It’s ab...
Agenda/Topics To Be Covered <ul><li>Mentoring 101 </li></ul><ul><li>Interactive Exercise </li></ul><ul><li>Mentoring Tools...
Mentoring at Universities Networking events Formal alumni outreach program Mentor assignment integrated in class Guest spe...
In-Class Integration of Mentoring <ul><li>Women’s Entrepreneurial Leadership -  25% to 33% of class </li></ul><ul><li>Ment...
Sample Mentor Project <ul><li>Part 1 </li></ul><ul><li>Mentor Interview – Alum/Business community member </li></ul><ul><li...
Sample Peer Mentor Project <ul><li>Students write own case  at  www.HotMommasProject.org   </li></ul><ul><li>Students blog...
Mentoring at Universities Networking events Formal alumni outreach program Mentor assignment integrated in class Guest spe...
Self-Initiated Tools <ul><li>For the Real World </li></ul><ul><li>Three session class / series of exercises </li></ul><ul>...
 
Today <ul><li>T  Make a target list of individuals.  </li></ul><ul><li>O  Order from most to least accessible. </li></ul><...
With Regard to Women…P.s. <ul><ul><li>For professional relationships, gender does NOT matter </li></ul></ul><ul><li>For pe...
<ul><li>What we can do as leaders –  </li></ul><ul><li>Foster the confidence to: </li></ul><ul><li>Make connections and le...
Notes: Where to Start – Key Elements <ul><li>Size: Small, grassroots start – then expand. </li></ul><ul><li>Measurement: E...
Notes: Mentorship program models <ul><li>Formal & Informal </li></ul><ul><li>Corporate </li></ul><ul><li>Educational/Unive...
Notes: Reasons to Support a Mentor Program <ul><li>Mentoring at Universities </li></ul><ul><li>Alumni involvement </li></u...
“I want to learn more” <ul><li>Mentorship tele-seminar: How to Find a Mentor </li></ul><ul><li>www.MyMentors.eventbrite.co...
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The Importance of Mentors for Women

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Presentation to Wake Forest's MBA Class on Mentoring and Women, by Kathy Korman Frey. Faculty member at the George Washington University School of Business, and founder of the Hot Mommas Project, the worlds largest womens case study library providing online role models and mentors through story-sharing.

Published in: Education

The Importance of Mentors for Women

  1. 1. Mentoring: People and Success Presented at Wake Forest University 10.28.09
  2. 2. Agenda/Topics To Be Covered <ul><li>Mentoring 101 </li></ul><ul><li>Interactive Exercise </li></ul><ul><li>Mentoring Tools and Templates </li></ul><ul><li>Q & A </li></ul>
  3. 3. Goals of this Presentation <ul><li>To inform and inspire: Mentors are “kind of a big deal.” </li></ul><ul><li>To drive action: Go out and get a mentor. Today. </li></ul>
  4. 4. Mentoring & Hot Mommas <ul><li>The Hot Mommas® Project : </li></ul><ul><li>Virtual MENTORS for women and girls </li></ul><ul><li>Highly integrated with social media </li></ul><ul><li>World’s largest </li></ul><ul><li>A mission-oriented, for-profit venture housed at GWSB </li></ul><ul><li>Academic awards & featured in… </li></ul>
  5. 5. <ul><li>Screen shot of www.HotMommasProject.org </li></ul>structured blog format searchable by tag, category Connect with women through social media
  6. 6. Mentoring and GWSB <ul><li>George Washington University School of Business: </li></ul><ul><li>Award-winning Women’s Entrepreneurial Leadership class. </li></ul><ul><ul><li>MENTORING module built into class. </li></ul></ul><ul><ul><li>Hot Mommas® Project curriculum. </li></ul></ul><ul><li>Princeton Review #2 “Greatest Opportunities for Women.” </li></ul>
  7. 7. Wake Forest and Mentoring-Resources <ul><li>Business School – Executive Partners </li></ul><ul><li>Women in Business Mentorship Program </li></ul><ul><li>Law School </li></ul><ul><li>Meetups </li></ul><ul><li>Fellows Program </li></ul>
  8. 8. Mentoring Definition <ul><li>Men·tor   (mntr) </li></ul><ul><li>A city of northeast Ohio, a residential suburb of Cleveland on Lake Erie. Population: 51,600. </li></ul>
  9. 9. Okay, Really…Mentoring Definition <ul><li>men·tor   (mntôr, -tr) </li></ul><ul><li>1.  A wise and trusted counselor or teacher. </li></ul><ul><li>2. Mentor   Greek Mythology  Odysseus's trusted counselor, in whose guise Athena became the guardian and teacher of Telemachus. </li></ul><ul><li>To serve as a trusted counselor or teacher, especially in occupational settings. </li></ul><ul><li>To serve as a trusted counselor or teacher to (another person). </li></ul>
  10. 10. Quick Check-Where Do Mentors Come From? <ul><li>A. Professors and Teachers </li></ul><ul><li>B. Friends and Family </li></ul><ul><li>C. Peers and Professionals You Admire – Networking Events, Introductions, Classes, Being Out in the World </li></ul><ul><li>D. The Mentor Tree </li></ul>
  11. 11. What It’s Really About: Inform and Inspire <ul><li>Mentors HELP you </li></ul><ul><ul><li>In this day and age of fast change </li></ul></ul><ul><ul><li>With decisions, personal and professional </li></ul></ul><ul><ul><li>With things that MATTER TO YOU </li></ul></ul><ul><li>You can HELP MENTORS </li></ul><ul><ul><li>Informing them of their impact </li></ul></ul><ul><ul><li>Help with a project / information share </li></ul></ul><ul><ul><li>Gratitude </li></ul></ul>
  12. 12. Mentoring = A Key Success Factor <ul><li>Those who sought a mentor out had higher pay and higher hierarchical status. </li></ul><ul><li>Source: Self-initiated mentoring and career success </li></ul><ul><li>Gerhard Blickle, Alexander Witzkia and Paula B. Schneidera </li></ul>
  13. 13. Mentoring = Bigger Impact for Women <ul><li>Women and girls are more likely than men to limit their career choices due to lack of confidence . </li></ul><ul><li>Women are less likely to promote achievements at work. </li></ul><ul><li>Source: Cox, L., Mueller, S., & Moss, S. (2002). The impact of entrepreneurship education on entrepreneurial self-efficacy . International Journal of Entrepreneurship Education , 1 , 2. </li></ul><ul><li>Source: Career Women are their own worst enemies </li></ul>
  14. 14. Does it REALLY Matter if Women Don’t Ascend? <ul><li>Globally, country economic growth correlates highly with female entrepreneurship ( GEM study ) . </li></ul><ul><li>Fortune 500 companies that promote women to top executive positions are 69% more profitable than the industry median ( A Harvard/ Pepperdine Study ). </li></ul>
  15. 15. Mentoring & Women…Our Call to Action <ul><ul><li>We can stick with the status quo, </li></ul></ul><ul><ul><li>or </li></ul></ul><ul><ul><li>Be one of the people, companies, managers, educators, universities, industries that “gets it.” </li></ul></ul>
  16. 16. Summary of Mentoring 101 <ul><li>It helps you succeed. </li></ul><ul><li>It’s a big deal for women. Leaders who get this will win. </li></ul><ul><li>Mentoring relationship goal: Inspire and inform – both ways. </li></ul>
  17. 17. Agenda/Topics To Be Covered <ul><li>Mentoring 101 </li></ul><ul><li>Interactive Exercise </li></ul><ul><li>Mentoring Tools and Templates </li></ul><ul><li>Q & A </li></ul>
  18. 18. Case Study - Hot Mommas Project <ul><li>Q: How successful do you feel relative to other colleagues? </li></ul><ul><li>“ More successful” </li></ul><ul><li>“ Just as successful” </li></ul><ul><li>“ Less successful” – 20% drop in # of professional mentors </li></ul><ul><li>Source: Hot Mommas Project in-depth survey of 269 working women </li></ul>
  19. 19. Case Study - Hot Mommas Project <ul><li>Q: How successful do you feel relative to other colleagues? </li></ul><ul><li>Rachel feels “less successful” </li></ul><ul><ul><li>Works for big company, Media industry, manager level, has her masters. </li></ul></ul><ul><ul><li>Between 36 and 45 years old, married/life partner, no kids. </li></ul></ul><ul><ul><li>Perception of success = low. “I feel as though I work many hours... on many projects but am not getting ahead. Others who have less workload are more successful…. I don't have a mentor.” </li></ul></ul>
  20. 20. Case Study - Hot Mommas Project <ul><li>Q: How successful do you feel relative to other colleagues? </li></ul><ul><li>Alicia feels “more successful” </li></ul><ul><ul><li>Business owner, Leisure industry, CEO, has her college degree. </li></ul></ul><ul><ul><li>Between 36 and 45 years old, married/life partner, two kids. </li></ul></ul><ul><ul><li>Perception of success = high. “I define happiness as not wanting to be anywhere else other than where you are right now. I am happy. I don't know a lot of people that can say that… It is amazing how many people will offer you advice or help you if you just ask! I have been good about developing relationships that can help me achieve my goals.” </li></ul></ul>
  21. 21. Case Study Discussion <ul><li>Q: What are the differences between Rachel and Alicia? </li></ul>
  22. 22. Time to Get REAL <ul><li>What is mentoring – REALLY? </li></ul><ul><li>It’s all about PEOPLE </li></ul>
  23. 23. Exercise: Think About People <ul><li>Q: Think about one of your most successful mentoring / influential relationships. </li></ul><ul><li>What qualities did that person have? </li></ul>
  24. 24. Exercise: Think About MORE People <ul><li>Q: Think about your personal board of advisors. </li></ul><ul><li>Who is sitting around that table, and why? </li></ul>Academic Tech Women’s Leadership Entrepreneurship Corporate Industry experts Thinking big experts Media/content packaging
  25. 25. Exercise: Your Personal Board of Advisors Good friend You in 5 years You in 10 years Entrepreneurship Corporate Industry expert Industry expert Industry expert
  26. 26. Exercise Follow-up: TALK to the PEOPLE! <ul><li>T ARGET - Make a target list of individuals. (Passion) </li></ul><ul><li>O RDER - Order from most to least accessible. (Purpose: Prioritize) </li></ul><ul><li>G OOGLE - Develop Google alerts with their names. (Prep) </li></ul><ul><li>A PPROACH - Approach them. (Performance) </li></ul>
  27. 27. Mentor Communication <ul><ul><li>Meet </li></ul></ul><ul><ul><li>Networking event </li></ul></ul><ul><ul><li>One on one </li></ul></ul><ul><ul><li>Email / letter </li></ul></ul><ul><ul><li>Twitter / Facebook </li></ul></ul><ul><li>Manage </li></ul><ul><li>Conversation when issue arises </li></ul><ul><li>Coffee 2 – 4 x per year </li></ul><ul><li>Monthly meetings + emails </li></ul><ul><li>Daily assignments for finite period, then repeat cycle </li></ul>
  28. 28. Time to Get REAL <ul><li>There is no mentor tree. </li></ul>
  29. 29. Time to Get REAL <ul><li>It’s about people...making the effort…connecting…learning… </li></ul><ul><li>Communication </li></ul><ul><li>Networking/Relationship-Building </li></ul><ul><li>Social Maturity & Self Awareness </li></ul>The 5 th P
  30. 30. Quick Check In <ul><li>A Mentor Relationship is: </li></ul><ul><li>My responsibility to maintain </li></ul><ul><li>The mentor’s responsibility to maintain </li></ul><ul><li>Someone else’s responsibility to maintain </li></ul><ul><li>A combination of some or all of the above </li></ul>
  31. 31. Summary of Interactive Exercise <ul><li>Desirable traits of mentors. Personal board of advisors. </li></ul><ul><li>It’s about people – you, them, connecting. </li></ul><ul><li>There is no mentor tree. </li></ul>
  32. 32. Agenda/Topics To Be Covered <ul><li>Mentoring 101 </li></ul><ul><li>Interactive Exercise </li></ul><ul><li>Mentoring Tools and Templates </li></ul><ul><li>Q & A </li></ul>
  33. 33. Mentoring at Universities Networking events Formal alumni outreach program Mentor assignment integrated in class Guest speakers Self-initiated
  34. 34. In-Class Integration of Mentoring <ul><li>Women’s Entrepreneurial Leadership - 25% to 33% of class </li></ul><ul><li>Mentor assignment with alum/business community member </li></ul><ul><ul><li>3 meetings + written deliverable </li></ul></ul><ul><li>Toolkit - Networking and communication </li></ul><ul><ul><li>Networking and communication toolkit assignments </li></ul></ul><ul><li>Peer mentors </li></ul><ul><ul><li>Write own case, provide feedback on classmates cases </li></ul></ul><ul><ul><li>Financial literacy help groups / ad hoc assignments </li></ul></ul>
  35. 35. Sample Mentor Project <ul><li>Part 1 </li></ul><ul><li>Mentor Interview – Alum/Business community member </li></ul><ul><li>Part 2 </li></ul><ul><li>Attend an event with the mentor to practice networking; </li></ul><ul><li>Visit the mentor’s workplace to see her in the role of entrepreneurial leader; </li></ul><ul><li>Work with the mentor on a specific area of personal or professional development. </li></ul>
  36. 36. Sample Peer Mentor Project <ul><li>Students write own case at www.HotMommasProject.org </li></ul><ul><li>Students blog feedback - YPO-based communications protocol </li></ul><ul><li>Example: “Thank you! I am not alone. I felt the exact same way last year when I started the MBA program. I was nervous about starting school again, honestly I didn’t think I would make it through the first semester….I think what really got me through was looking around and realizing that my cohort-mates shared my same fears and concerns. I think it is important to remember that we are not alone and usually, there is someone who feels the same anxiety and pressure.” </li></ul>
  37. 37. Mentoring at Universities Networking events Formal alumni outreach program Mentor assignment integrated in class Guest speakers Self-initiated
  38. 38. Self-Initiated Tools <ul><li>For the Real World </li></ul><ul><li>Three session class / series of exercises </li></ul><ul><ul><li>Mentor qualities and target list </li></ul></ul><ul><ul><li>Mentor approach </li></ul></ul><ul><ul><li>Mentor project and report </li></ul></ul><ul><li>Templates for mentor communication </li></ul><ul><li>Certificate upon completion </li></ul>
  39. 40. Today <ul><li>T Make a target list of individuals. </li></ul><ul><li>O Order from most to least accessible. </li></ul><ul><li>G Develop Google alerts with their names. </li></ul><ul><li>A Approach. </li></ul>
  40. 41. With Regard to Women…P.s. <ul><ul><li>For professional relationships, gender does NOT matter </li></ul></ul><ul><li>For personal relationships, it DOES </li></ul><ul><li>Tip: Before doing a match, be sure to understand the range of personal-professional issues to be discussed. </li></ul>
  41. 42. <ul><li>What we can do as leaders – </li></ul><ul><li>Foster the confidence to: </li></ul><ul><li>Make connections and learn skills that will benefit students for life: </li></ul><ul><li>Communication </li></ul><ul><li>Networking/Relationship-Building </li></ul><ul><li>Social Maturity & Self Awareness </li></ul><ul><li>Resulting Success </li></ul>
  42. 43. Notes: Where to Start – Key Elements <ul><li>Size: Small, grassroots start – then expand. </li></ul><ul><li>Measurement: Evaluated by students. </li></ul><ul><li>Staff: University side “screeners” </li></ul><ul><ul><li>High level of facilitation </li></ul></ul><ul><ul><li>High level of structure </li></ul></ul>
  43. 44. Notes: Mentorship program models <ul><li>Formal & Informal </li></ul><ul><li>Corporate </li></ul><ul><li>Educational/University </li></ul><ul><li>Industry </li></ul><ul><li>Leadership groups </li></ul><ul><li>Peer mentor </li></ul><ul><li>Superior – “Where I want to be.” </li></ul><ul><li>Group </li></ul><ul><li>One on one </li></ul>
  44. 45. Notes: Reasons to Support a Mentor Program <ul><li>Mentoring at Universities </li></ul><ul><li>Alumni involvement </li></ul><ul><li>Student learning opportunity </li></ul><ul><li>Network building / support </li></ul><ul><li>Enriched experience </li></ul><ul><li>Mentoring at Organizations </li></ul><ul><li>Retention </li></ul><ul><li>Culture </li></ul><ul><li>Training </li></ul><ul><li>Support </li></ul>
  45. 46. “I want to learn more” <ul><li>Mentorship tele-seminar: How to Find a Mentor </li></ul><ul><li>www.MyMentors.eventbrite.com </li></ul>

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