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Embrace the Business Imperative of Diversity

Embrace the Business Imperative of Diversity

Winning the ’20s

Who’ll win the ’20s? Companies that excel at innovation and rebound from shocks. Diversity in the workplace—in gender, race, work experience, age, education, cultural background, problem-solving style—confers these vital advantages. 

To achieve these benefits of diversity in the workplace, executives and managers must understand the link between diversity, innovativeness, and resilience. What’s more, they have to deploy best practices for leading a diverse workforce, while crafting a company culture that lets diversity thrive.

Diversity Boosts Companies’ Financial Performance

Understand How Diversity Fuels Innovation and Resilience

Diversity in the workplace supercharges companies’ innovation prowess—vital for success in the new decade. How? People with multifaceted backgrounds and experiences contribute a wider range of ideas and options—making it easier to craft winning offerings that accelerate growth. Diversity fosters resilience, too. With a broad array of perspectives, people can adapt to and bounce back quickly from unexpected shocks.

Master Best Practices for Leading a Diverse Workforce

Merely launching new programs isn’t enough for companies to capture the benefits of diversity in the workplace. Leaders must actively unlock the potential inherent in the varied perspectives and backgrounds embodied in their company’s workforce. That means understanding and avoiding common pitfalls that can limit the power of diversity programs.

Recruiting for a Successful Future

Don’t keep recruiting the same kind of people, who look just like you, warns Miki Tsusaka. Diversity makes for better outcomes.

“To successfully capture the benefits of diversity in the workplace, companies need true leadership commitment—which is much more than superficial words or platitudes.”

Craft a Company Culture That Lets Diversity Thrive

Companies that incorporate diversity, in all its many forms, in their workforce can’t stop there. To reap all the benefits of diversity in the workplace, they must also foster an inclusive organizational culture that allows diversity to thrive. That means making everyone feel welcome, supported, and part of a community characterized by open communication.

Dispelling the Myths of the Gender “Ambition Gap”

Dispelling the Myths of the Gender “Ambition Gap”

In too many organizations, women don’t step off the leadership track so much as they’re pushed off—by negative corporate cultures. By applying these best practices for leading a diverse workforce, CEOs can help their companies avoid this mistake.

Winning the ’20s

How should leaders prepare their companies to thrive in the new decade?

Industry Spotlights

Companies in a range of industries can benefit by building diversity, in all its forms, into their workforces. Those that invest in the effort will not only meet a moral imperative, they’ll also create measurable new business value.

Karenann Terrell on Career, Courage, and Women in Technology

GlaxoSmithKline’s chief digital officer talks her love of technology, digital transformation as a business issue, and the benefits of diverse teams.

Closing the Gender Gap in Sales Leadership

Closing the Gender Gap in Sales Leadership

To retain their best performers, companies will need to rethink hiring, change how work gets done, encourage sponsorship of women, and publicize the actions they’re taking to improve equity.

Why Diversity and Resilience Are Vital for Success in the Coming Decade

How to build the diverse, resilient workforce that will fuel your organization's innovation engine? BCG’s Miki Tsusaka and Christian Greiser recommend three tactics for capitalizing on diversity in the workplace.

Two Groups You Cannot Ignore in the War for Talent

As career paths become less linear and people change jobs more often, diversity in the workplace will grow even richer. To benefit from employees’ diverse experiences, companies must actively recruit former employees and people re-entering the workforce.

Winning the ’20s