Abstract: This study investigates the impact of personal characteristics, conflict management abilities and cultural factors on objective and subjective success of female managers at an organization with a high number of female employees. Partial least squares approach was used to analyse the data from 204 women executives. It was revealed by the results that in comparison with individual ones, Organizational factors tend to hold greater importance. In general, women don’t need to become masculine to succeed in a career but they have to develop their own managerial style. Considering the challenges of developing countries, certain efforts are necessary to improve the status of women as half the society.