How diversity can drive innovation in the workplace? Is diversity inherent or acquired? What are 2-D diversity companies?
Diversity generates innovation and drives market growth. According to the DiversityInc 2019 top 50 companies like AT&T, Marriot International, Accenture, among others are top leaders. What are their results?
In this blog, you will learn the inherent and acquired diversity, the pros & cons of it, and how big corporations are integrating more diversity to generate new ideas and achieve amazing goals.
Is diversity inherent or acquired in your workplace?
Inherent diversity involves traits you are born with, such as gender, ethnicity, and sexual orientation and acquired diversity involves traits you gain from experience. For example, international experience, or living and working in other countries, as this makes you understand cultural differences.
Mixing cultures, ideologies, thoughts and beliefs guide companies to generate innovation and growth in their markets and because of this, companies are becoming more 2-D.
What is a 2-D company?
2-D companies are the ones whose leaders exhibit at least three inherent and three acquired diversity traits, so this means that they have two-dimensional diversity.
According to the Harvard Business Review, employees that work for 2-D diversity companies are 45% liker to report that their market share grew over the previous year and 70% report that the firm captured a new market. These companies are unlocking innovation as their teams are formed by talents whose ideas are heard and take into consideration.
Pros of diversity in the workplace
Cons of diversity in the workplace
Top Diversity companies
Companies like AT&T, Marriot International, Accenture, KPMG, among others are top leaders in diversity. These companies lead the 2019 Diversityinc top 50 companies.
To become part of the top 50, they are judged by criteria, using sophisticated SAS software to analyze responses in the following areas:
- Talent Pipeline (workforce breakdown, recruitment, diameter or existing talent)
- Talent Development (employee resource groups, mentoring, philanthropy, movement, fairness)
- Leadership Accountability (responsible for results, communications, visibility)
- Supplier Diversity (percent of Tier I and Tier II spend with minority, women, LGBT, disability and veteran-owned businesses)
Diversity is a priority today. For companies is the key to making teams innovate and grow. It has pros and cons but having a diverse leader will make the team set, share and measure equality targets. When employees work in more-equal cultures, they’re much more likely to have an innovation mindset.
If you as a manager are looking to turn your company 2-D diversity, contact us. We can create a challenge where our young talents can help you to implement innovative ideas to make your teams more cultural and grow.
I hope you find this blog interesting. Share your comments, we will love to hear from you!