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BUSM 520 Assignment 2 Business Leadership of Female CEO

BUSM 520 Assignment 2 Business Leadership of Female CEO. Dr. Michael McDermott David McGeorge May 11, 2010. W ELL P OINT , Inc. Formed Nov 2004, when WellPoint Health Networks & Anthem merged Headquartered in Indianapolis, Indiana Nation’s Largest Health Benefits Company

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BUSM 520 Assignment 2 Business Leadership of Female CEO

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  1. BUSM 520Assignment 2Business Leadership of Female CEO Dr. Michael McDermott David McGeorge May 11, 2010

  2. WELLPOINT, Inc. • Formed Nov 2004, when WellPoint Health Networks & Anthem merged • Headquartered in Indianapolis, Indiana • Nation’s Largest Health Benefits Company • About 34 million members in affiliated health plans • States • California, Colorado, Connecticut, Georgia, Indiana • Kentucky, Maine, Missouri, Nevada, New Hampshire • New York, Ohio, Virginia, & Wisconsin • Approximately 39,000 Employees

  3. Mission WellPoint's mission is to improve the lives of the people we serve and the health of our communities. WellPoint, through our foundations and corporate social responsibility programs, takes a leadership role to improve our communities and is helping to address some of health care's most pressing issues.

  4. Angela F. Braly bio Age: 48 Education • Texas Tech University – Finance • Southern Methodist University – Juris Doctor Career • Lewis, Rice, & Fingersh – partner • Right CHOICE Managed Care – General Counsel, 1999 • Blue Cross Blue Shield of Missouri – President & CEO, 2003-05 • WellPoint – Executive VP & General Counsel, 2005-07 President & CEO, June 2007 Chair of the Board of Directors, March, 2010

  5. Wellpoint Comparison

  6. barriers Braly is only female CEO of a Fortune 50 (2008) “I can’t wait until there are 25 more women in the Fortune 50,” she said. “I have had every opportunity as a woman. I think the idea of a glass ceiling has been debunked. I believe there is a series of invisible hurdles that are often unseen by men, but they are real and they force women to make choices throughout their careers.” • Resistance to Women Leadership • Leadership Style • Demands of Family Life • Underinvestment in Social Capital

  7. Choices made • Switch Career Paths • Have Children & A Career • 16, 14, & 10

  8. Female Style Leadership • Michael Sokolive HBR profiles Duke’s Coach K as “He coaches like a woman” • Mentoring • Interpersonally Sensitive • High Effective

  9. Conclusion • Is Angela F. Braly and effective women CEO • “Good leaders are also lifelong learners,” she says. “It is important to be curious and inquisitive about the needs of customers, businesses, organizations — their needs and interests are always evolving. A good leader recognizes this and understands that she never has all the answers. With that awareness comes humility and a commitment to growth and process improvement.”

  10. Works Cited http//hbr.org/2007/09/women-and-the-labyrinth-of-leadership/ar/1 http://www.sbnonline.com/Local/Article/12852/82/0/Guided_by_principles.aspx?Category=112 http://today.ttu.edu/2008/02/an-interview-with-angela-braly/ http://www.depts.ttu.edu/communications/news/stories/08/01-angela-braly.php http://www.bitterlawyer.com/index.php/site/columns_detail_comment/ten_current_ceo_lawyers/?cat_id=13

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