The entry of significant numbers of women into managerial positions over the past two decades has prompted considerable interest in their experiences and, more recently, in their progress through the various levels of management. An examination of the circumstances presently facing such women paints a discouraging picture: some investigations indicate that highly qualified, competent individuals feel disappointed and disillusioned with their experiences in organizations (Gallese, 1985; Hardesty, & Jacobs, 1986). Other reports suggest that female executives face formidable structural and attitudinal barriers which virtually preclude advancement to upper management echelons (Fierman, 1990; Morrison, White, & Van Velsor, 1987; Nicholson, & West, 1988). In addition, recent media accounts proclaim that massive numbers of corporate women are choosing to ‘bail out’ in favor of entrepreneurial self‐employment or full‐time homemaking (Maynard, 1988; Taylor, 1986).
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