Post by account_disabled on Nov 22, 2023 4:53:45 GMT -5
Concepts of Diversity, Equity and Inclusion have been built in the corporate environment and in universities over the last 30 years.
The intensification of globalization processes meant that multinationals had to interact with the diversity not only of consumers, but also with the diversity of their workforce in other countries. Then the C Level Executive Email Lists first challenge arises: How can I produce products and offer services to people so different from me?
Managers started looking at their employees and realized that people looked too much like each other, and something needed to be done. Allied to this, there is no way to detach from the struggle of social movements around the world. Society has begun to have a better understanding of the effects of discrimination in the corporate environment as well.
The achievements of rights of groups in historically underrepresented places of power, and the understanding that without affirmative action only a few changes would be possible, turns a key in the business models and management of companies.
The real value of Diversity
In case you are still not convinced that companies are directly affected by social issues and that, in turn, need to be allies in the fight against inequalities, I bring other data that people who work with diversity already noticed, but which is now proven in numbers:
83% of millennials are more engaged when they think their company fosters an inclusive culture. (Deloitte)
Companies in the top quartile of gender diversity are 15% more likely to have financial returns above their national industry median. Companies in the top quartile of racial/ethnic diversity are 35% more likely to have financial returns above their national industry median. (McKinsey)
Companies reporting the highest levels of racial diversity brought in nearly 15 times more sales revenue on average than those with the lowest levels of racial diversity. (Science Daily).
More diverse companies are 70% more likely to capture a new market. They’re also 45% more likely to report increased market share year-over-year. (Harvard Business Review).
As you just saw above, working on the topic of diversity and inclusion is not only the right thing to do (social responsibility), but also the smartest thing to do (everyone wins).