What does it mean to be diverse? What do your diversity efforts entail? Do the diversity efforts you maintain in your home market carry through to other markets around the globe? And perhaps most importantly, what is the business case for diversity and inclusion?
As innovation becomes more of a key differentiator for the world’s largest companies, these organizations increasingly see having a diverse and inclusive workforce as critical to driving the creation and execution of new products, services, and business processes. For executives in charge of diversity and inclusion, this is paramount to building the business case for their efforts.
For global companies, diversity is no longer simply a matter of creating a heterogeneous workforce, but using that workforce to innovate and give it a competitive advantage in the marketplace. And as companies compete on a global scale, diversity and inclusion frequently have to shift, as different markets and different cultures have varied definitions of what diversity means.
Fostering Innovation Through a Diverse Workforce (New York: Forbes Insights, 2011) is based on an exclusive survey of 321 executives at large global enterprises ($500 million-plus in annual revenues). All respondents had direct responsibility or oversight for their companies’ diversity and inclusion programs.
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