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Sponsorship and Mentorship with Wharton Professor Nancy Rothbard — Ripple Effect Podcast

March 05, 2024 / 12:52

This episode features Nancy Rothbard, Deputy Dean and Professor of Management at the Wharton School, discussing the roles of mentors and sponsors in career development, particularly for women. Key topics include the differences between mentors and sponsors, the importance of sponsorship for women in leadership, and strategies for both mentees and sponsors.

Nancy Rothbard explains that mentors provide guidance and skill development, while sponsors advocate for individuals, helping them gain access to opportunities. She highlights the concept of homophily, where people tend to connect with those similar to themselves, which can hinder women's advancement in executive roles.

The conversation emphasizes the need for women to have sponsors who recognize their potential and the importance of being proactive in seeking mentorship and sponsorship. Rothbard shares her own experiences and the realization that developing future leaders is a critical part of her role.

Rothbard also discusses the benefits of having women in leadership roles, as they can serve as role models and create more opportunities for other women. She concludes with recommendations for both sponsees and sponsors to be intentional in their efforts to connect and support each other.

TL;DR

Nancy Rothbard discusses the critical roles of mentors and sponsors for women in leadership, emphasizing proactive strategies for career advancement.

Episode

12:52
00:00:00
Nancy Rothbard: One of the things we know from a lot of research is
00:00:03
that there is a concept called "homophily," which is, we are kind of drawn
00:00:08
to people who are similar to us. It's easier for us to relate to
00:00:11
people who are similar to us. And so because there are fewer women in
00:00:15
these executive roles, that sort of trickles down in a way that people
00:00:19
actually have to be more conscious about sponsoring people who are not
00:00:23
similar to them.
00:00:25
Dan Loney: Welcome to The Ripple Effect, the podcast that takes you
00:00:28
on a journey through the minds of Wharton faculty. I'm your host, Dan
00:00:32
Loney, and in each episode, we'll be diving deep into the inspiration
00:00:36
behind the groundbreaking research that Wharton professors have
00:00:39
conducted and exploring how their findings resonate
00:00:42
with the world today.
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Well, the importance of mentors in a career has been well documented,
00:00:47
but there is also quite a bit of discussion about how a sponsor can
00:00:52
play a vital role, as well, especially for women.
00:00:55
Pleasure to be joined here in studio by Nancy Rothbard,
00:00:58
Deputy Dean here at the Wharton School and also Professor of Management.
00:01:01
Nancy, great to see you. Thanks for your time today.
00:01:03
It's great to see you.
00:01:04
I guess we need to start out first, though, by distinguishing
00:01:08
the differences between a mentor and a sponsor.
00:01:10
Yeah. No, it's a really important distinction, so I'm really glad you
00:01:13
started there. The difference between a mentor and a sponsor is a
00:01:16
mentor is someone who can give you help, who has expertise and skill
00:01:22
and can teach you things that are really useful.
00:01:26
A sponsor is somebody who can help you gain access and opportunity.
00:01:31
And so sometimes you can have a person who can be both a mentor and a
00:01:36
sponsor, and sometimes those roles are separate.
00:01:39
So you've talked, as well, about the importance of sponsors for women.
00:01:44
Well, I think that what we see in a lot of organizations
00:01:46
is as you go up the leadership ranks, there are fewer women
00:01:50
in those positions. And what that means is that the access and the
00:01:55
opportunity for women in these leadership roles is less salient,
00:02:01
right? People don't necessarily think of women for these roles.
00:02:06
- Right. - And so one of the things that sponsors can do
00:02:10
is to really help get your name out there,
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make sure that you're a viable candidate - Right.
00:02:18
- for a position, so that you are known and recognized and considered
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when people are thinking about
00:02:25
taking on a new person in a new leadership role.
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Is there a recognition of kind of the importance of sponsors when
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you're thinking about this dynamic between the two, between mentors
00:02:37
and sponsors and how important they can be, and a recognition by the
00:02:41
people themselves that maybe being a sponsor can be very beneficial?
00:02:45
There is a lot to unpack there. Thank you for asking, because I
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think that those are two really critical pieces. So firstly,
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when we think about the recognition by people, by individuals, that
00:02:58
it's important to have a mentor or to have a sponsor,
00:03:02
the research does show that people say that they want
00:03:06
mentors and sponsors. I think they recognize
00:03:09
that that is an important way to get to develop your leadership
00:03:13
potential, right, to learn more from a mentor
00:03:17
and to be put forward by a sponsor. - Right.
00:03:21
Right? So I think people do know that they want that.
00:03:24
From the other perspective,
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from the sponsor or the mentor's perspective,
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I think sometimes people do recognize
00:03:32
that that's actually a really important role that they should be playing
00:03:35
in their own leadership capacities. - Right.
00:03:37
So for example, in my leadership roles, I recognize that one of my
00:03:41
key jobs is spotting talent and developing talent and make—
00:03:45
and nurturing that talent. So to make sure
00:03:48
that there are— that we're bringing people up
00:03:51
for filling future leadership opportunities, right?
00:03:55
Some people are more aware of that than others. - Right.
00:03:57
Right. So— so I think that the best sponsors
00:04:01
that you have are the people who really are aware of how
00:04:03
important that role is.
00:04:04
For you, then, specifically, what was that process like for you? Was
00:04:09
there a recognition that you had along the way of the capabilities
00:04:14
or the elements that you may be able to bring to some of those
00:04:18
other individuals, in terms of being a sponsor,
00:04:22
and the benefit that you could provide?
00:04:23
The light bulb for me was when I realized that my job depended
00:04:28
on me being able to develop future leaders,
00:04:34
people who could fill the roles
00:04:36
that were going to be really critical for the organization's
00:04:39
success. - Right. - And so that light bulb
00:04:42
went off, and I realized, "Wow,
00:04:43
this is actually a big part of my job." And so I started being much
00:04:46
more active and proactive about scouting the landscape,
00:04:51
about thinking and getting to know people
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so that I knew what they were capable of,
00:04:57
but also getting to know what kinds of things and
00:05:01
places where they could thrive because you have all sorts of
00:05:04
people out there who are going to be able to thrive more in one
00:05:07
situation than another. And the better I am at spotting that
00:05:10
and matching those people to jobs,
00:05:14
the better I'm going to be in my role as a sponsor.
00:05:17
So for the employee who is looking to find that person to be the
00:05:22
sponsor, especially if it is a woman, is there any additional
00:05:27
benefit of that sponsor being a woman and maybe understanding
00:05:32
the process more and what that person has been going through? - Yeah.
00:05:34
I mean, it's a great question. I think that the answer is sort of yes and no.
00:05:39
Right? So on the one hand, it can be really beneficial as a woman
00:05:44
to have a woman as a sponsor.
00:05:47
On the other hand, it's much more
00:05:48
important to have a sponsor. - Right.
00:05:50
Right? And so for me, when I was kind of coming up—
00:05:54
and— look, and I'm still, you know,
00:05:57
we still have sponsors at whatever
00:05:59
- Sure. - level we're at. But at different
00:06:00
levels in my career, some of my sponsors were women, and some of
00:06:04
them were men. And the key piece was having the right person
00:06:08
sponsor me. - Right. - So I think that's still
00:06:10
the most important piece,
00:06:12
and we have to recognize that as you go up
00:06:14
the hierarchy in organizations, there are not
00:06:16
as many women in some of those roles. So I think
00:06:19
having a sponsor is more important than
00:06:22
insisting to yourself that that person be a woman.
00:06:25
- I read that women tend to be over-mentored and under-sponsored.
00:06:29
- Yeah. - Explain why that is,
00:06:31
and maybe there's even a component
00:06:32
in you just said, in terms of - Yeah. - the numbers of women
00:06:35
that are kind of in a lot of these roles,
00:06:37
or maybe not in a lot of these roles, to be able to
00:06:39
provide this opportunity.
00:06:41
And that's part of the answer, absolutely. Right.
00:06:43
So the relative, right, comparison
00:06:46
between being over-mentored and under-sponsored
00:06:49
is such that there are fewer people in these roles who recognize women
00:06:54
often as having the leadership potential that is going to be of
00:07:00
value in the organization, right? And so that's where the—
00:07:03
the under-sponsorship can come from, because
00:07:06
one of the things we know
00:07:07
from a lot of research is that there is a concept called
00:07:11
"homophily," which is, we are kind of drawn to people who are similar to us.
00:07:16
It's easier for us to relate to people who are similar to us. And
00:07:19
so because there are fewer women in these executive roles, that
00:07:23
trickles down in a way that people actually have to be more conscious
00:07:27
about sponsoring people who are not similar to them.
00:07:31
The mentor and the sponsor both have benefits to themselves.
00:07:34
Absolutely. - But are there characteristics that
00:07:36
maybe the sponsor holds
00:07:39
that are maybe more unique to the development process than,
00:07:42
than say, a mentor would have?
00:07:44
I think that they both play a role, but in different parts of the
00:07:47
process. Is how I would put it. So a mentor can help you really
00:07:51
develop skills, can give you information, can give you guidance
00:07:56
that can be invaluable as you develop as a leader, as a
00:08:01
professional in any way in organizations.
00:08:04
What the sponsor does is the sponsor
00:08:08
is able to be the person who is in the room saying,
00:08:14
"You know, I see a huge amount of potential
00:08:17
in Dan. - Right. - He is going to be the next—
00:08:22
you know, breakthrough - Right. - for this organization,
00:08:25
and we really need to take a
00:08:26
chance on him." - Right.
00:08:28
And having somebody who is willing to say,
00:08:31
"We need to take a chance on this person,"
00:08:35
that's often what makes the difference - Right.
00:08:37
- between people who are recognized, and who are not,
00:08:41
and put into critical leadership opportunities, right,
00:08:44
that allow them to advance in organizations.
00:08:47
- So then I guess when you talk about the structure and the buildup
00:08:51
of an organization, having somebody, or multiple people, like that
00:08:55
- Yes. - is an incredible benefit
00:08:58
to the growth of the organization, probably both
00:09:01
within kind of the walls of the offices, but also probably at times for the
00:09:05
bottom line of the company, as well.
00:09:07
- Of course, right. So this is about, how do we build our capacity
00:09:10
in the organization, having the right people in the roles to—
00:09:15
to really make sure that we are succeeding
00:09:18
and are rising to levels of excellence
00:09:22
in our organization? Right? And so we want to choose
00:09:25
people who are excellent and
00:09:26
who can be excellent.
00:09:28
And so having somebody who is willing to go out
00:09:31
on a limb for you— and put their own reputation—
00:09:35
so when I'm a sponsor, and I'm, you know, promoting somebody,
00:09:38
I'm also putting my - Sure.
00:09:39
- reputation on the line as a good spotter of talent
00:09:44
and somebody who's trusted,
00:09:45
so that the next time around, somebody is going to listen to me.
00:09:48
Right? And so as somebody who wants to be sponsored,
00:09:51
making sure that you earn the trust of the sponsor
00:09:55
is a really critical characteristic
00:09:57
that allows that sponsor to go out on the limb for you. Right?
00:10:00
Somebody who is dependable,
00:10:02
somebody who hits their marks, who is, you know,
00:10:05
able to show excellence
00:10:07
in terms of their performance and their skills, but
00:10:10
also trustworthiness. - Right.
00:10:13
Those are really critical qualities that sponsors look for in sponsees.
00:10:17
And so I guess the hope is, in terms of the conversation around women
00:10:21
in the workplace, the more women you have moving up to the executive
00:10:25
roles or leadership roles within companies,
00:10:28
then the more opportunities you have
00:10:31
for women to connect and be able to develop
00:10:33
that relationship, that sponsor relationship with that person,
00:10:37
and can continue to move them up the ladder within the corporation.
00:10:42
Absolutely, but also to recognize that women could sponsor men.
00:10:47
Men could sponsor women. All of that can happen.
00:10:50
The key is having women
00:10:53
in these roles. What I think the difference that makes is it creates
00:10:57
an accessibility, right, a stereotype, if you will,
00:11:00
or a role model that
00:11:02
creates the potential for other people to see those women
00:11:05
as having the leadership potential, if you will.
00:11:07
Right? So that matching process becomes easier
00:11:10
when you have women in the C-suite or the executive ranks because
00:11:15
other people say, "Oh, yeah, that's a possibility." - Sure.
00:11:18
And we can see how that works and how it's effective.
00:11:21
So what do you think are some of the recommendations
00:11:25
that we need to consider when we're thinking about mentors versus
00:11:28
sponsors in the workplace?
00:11:30
I have two key recommendations, Dan, one from the perspective of
00:11:33
the mentee or sponsee, right? The employee
00:11:36
who is potentially needing
00:11:38
mentorship or sponsorship.
00:11:41
That recommendation is you need to be
00:11:43
intentional and proactive. It doesn't just come to you. You need
00:11:47
to actually enact that. You need to seek out mentors, you need to seek out
00:11:51
sponsors, and you need to show that you are worthy of their trust.
00:11:58
From the sponsor perspective, my recommendation is that you need to
00:12:03
recognize that this is an active part of your job.
00:12:06
You need to source talent from people in the organization,
00:12:10
and you need to be really intentional
00:12:13
about learning about who is in the organization,
00:12:17
what their skill sets are, what might be a good fit for them,
00:12:21
and be intentional about trying to not just recommend the
00:12:26
same people all the time.
00:12:28
Nancy, great to talk with you. Thanks very much today. All the best.
00:12:32
Thanks, Dan. - Nancy Rothbard,
00:12:33
Deputy Dean here at the Wharton School,
00:12:35
and also Management Professor.
00:12:37
Thank you for listening to The Ripple Effect.
00:12:39
We hope you found this episode informative and engaging.
00:12:42
Don't forget to subscribe and
00:12:44
leave us a review so that we can continue
00:12:46
to bring you the best insight from the Wharton School.

Episode Highlights

  • Mentors vs. Sponsors
    Understanding the key differences between mentors and sponsors in career development.
    “A mentor is someone who can give you help; a sponsor helps you gain access and opportunity.”
    @ 01m 16s
    March 05, 2024
  • The Importance of Sponsors
    Nancy Rothbard discusses how sponsors play a vital role for women in leadership.
    “Sponsors can help get your name out there and make you a viable candidate.”
    @ 02m 10s
    March 05, 2024
  • Over-Mentored, Under-Sponsored
    Exploring why women tend to be over-mentored and under-sponsored in the workplace.
    “There are fewer people in these roles who recognize women as having leadership potential.”
    @ 06m 29s
    March 05, 2024

Episode Quotes

  • It's easier for us to relate to people who are similar to us.
    Sponsorship and Mentorship with Wharton Professor Nancy Rothbard — Ripple Effect Podcast

Key Moments

  • Homophily00:03
  • Mentorship Importance00:44
  • Leadership Development04:23
  • Women in Leadership10:25
  • Intentional Sponsorship11:43

Words per Minute Over Time

Vibes Breakdown

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