The Diversity Dividend: How Balancing Your Leadership Team Can Pay Off

Strategy Driven

The call for greater diversity at senior leadership levels is not new, although it has itself become more inclusive, extending beyond gender, race and ethnicity, to encompass age, education, socioeconomic background and sexual orientation, as well as experience, skills and talent. Sadly, none of the 366 public companies surveyed stood out as leaders on both gender and ethnic diversity axis together. In their recent study mentioned above, for example, McKinsey & Co.

GC19: Game-Thinking at Work: Enterprise Gamification Examples | with Jim Wexler

Engaging Leader

The post GC19: Game-Thinking at Work: Enterprise Gamification Examples | with Jim Wexler appeared first on Engaging Leader.

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Referent Groups and Diversity

Marshall Goldsmith

As our organizations become more global and more diverse, it becomes more critical that leaders understand how different referent groups can impact behavior. For example some people see themselves as “citizens of the world” They may even be willing to sacrifice what is good for most living humans in order to do what they think is right for the long-term survival of the planet.

Three Millennial Mindsets to Embrace and Encourage

Strategy Driven

Common Sense Action and The Can Kicks Back are two prime examples of Millennials leading with a clear problem-solving mindset. Within this collaborative mindset is a new diversity of perspectives and ideas. Seeking diversity in ideas and perspectives to find the best paths forward.

Diversity Is Useless Without Inclusivity

Harvard Business Review

Over the past decade, organizations have worked hard to create diversity within their workforce. Diversity can bring many organizational benefits, including greater customer satisfaction, better market position, successful decision-making, an enhanced ability to reach strategic goals, improved organizational outcomes , and a stronger bottom line. Why don’t we have more diversity in various positions or on teams? He pushes to have a diverse team on all major issues.

6 Things I’m Learning from Millennials

Strategy Driven

I, for example, proudly break the stereotype of the reserved British person by being blunt and speaking my mind; seldom will you find me acquiescing about things I’m passionate about for the sake of English decorum. Diversity-mindedness Connects Us All.

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What 11 CEOs Have Learned About Championing Diversity

Harvard Business Review

The business case for diversity is clear. Diversity can boost innovation and employee engagement , and companies with greater gender and racial diversity financially outperform their peers. Yet progress within organizations has been slow – there is still a lack of women and minorities in leadership positions, and certain industries like tech and finance are lacking diversity at all levels. And many diversity programs fail. For example, Gap Inc.

Grow Your Business by Hiring Nurturing Leaders

Strategy Driven

One can find examples in other fields where promoting cooperation rather than competition enhances creativity. Many of us unconsciously believe that women in leadership roles should be like men – whether we will admit this or not.

Two Types of Diversity Training That Really Work

Harvard Business Review

One of the most common ways that companies attempt to address organizational diversity is through formal training. Yet research on the effectiveness of such programs has yielded mixed results: Some studies show that diversity training is effective , others show it’s ineffective , and still others show that it may actually lead to backlash. This has led to pessimism regarding diversity training, with some claiming it simply doesn’t work.

Lessons from Yelp’s Empirical Approach to Diversity

Harvard Business Review

Beginning in 2013, a handful of tech companies (including Yelp, where some of us work, Google, LinkedIn, and Facebook) began to research and release data on the diversity of their workforces. Second, having a diverse set of employees would help Yelp to customize its services for its diverse set of users. Yelp now sets explicit targets for diversity. Our aim is to bring a base of evidence for tackling the diversity problem in tech.

Diversity Doesn’t Stick Without Inclusion

Harvard Business Review

Leaders have long recognized that a diverse workforce of women, people of color, and LGBT individuals confers a competitive edge in terms of selling products or services to diverse end users. Part of the problem is that “diversity” and “inclusion” are so often lumped together that they’re assumed to be the same thing. In the context of the workplace, diversity equals representation.

How Mindfulness Helped a Workplace Diversity Exercise

Harvard Business Review

A couple of years ago I was invited to facilitate an offsite training for the diversity committee of a Fortune 500 company. In an era in which “diversity” has become a buzzword in the business world, the firm’s interest in the topic was both admirable and understandable. The diversity committee, which had been meeting for about six months, seemed interested in trying something new. Nonetheless, I ultimately accepted the diversity committee’s offer.

What We Learned from Improving Diversity Rates at Pinterest

Harvard Business Review

In today’s workplace, diversity is more than just a buzzword; it’s a way to build a stronger business. At Pinterest, we understand that diverse teams yield smarter , more innovative results, which are essential in the competitive, dynamic tech industry. But businesses have long struggled to increase diversity across all levels. For example, while women typically make up roughly 16 % of software engineers in the U.S. Juan Díaz-Faes for HBR.

The Biases That Punish Racially Diverse Teams

Harvard Business Review

Tech companies, banks, consulting firms, you name it — all are scrambling to create diverse and inclusive environments. But despite pouring millions of dollars annually into diversity efforts, organizations sometimes fail to capture the benefits that diverse groups reportedly offer.

Teams Solve Problems Faster When They’re More Cognitively Diverse

Harvard Business Review

Looking at the executive teams we work with as consultants and those we teach in the classroom, increased diversity of gender, ethnicity, and age is apparent. Received wisdom is that the more diverse the teams in terms of age, ethnicity, and gender, the more creative and productive they are likely to be. But having run the execution exercise around the world more than 100 times over the last 12 years, we have found no correlation between this type of diversity and performance.

Corporate Diversity Initiatives Should Include White Men

Harvard Business Review

Thus most of the work of diversity and inclusion approaches in companies to date has focused on empowering the “out” groups or training the “in” groups about their unconscious biases. Who is calling whom diverse? How many times have I heard executives refer to the fact that they have several “diverse candidates” for a job? This weirdly common expression is meant to cover women and the range of minorities listed in diversity approaches.

Women and Minorities Are Penalized for Promoting Diversity

Harvard Business Review

For example, both Madeleine Albright and Gloria Steinem were criticized for telling young women that they should support presidential candidate Hillary Clinton. Likewise, Rosalind Brewer, an African-American woman and Sam’s Club CEO, was called racist for advocating for diversity.

How U.S. Army Basic Training Turns Diverse Groups into Teams

Harvard Business Review

We know that diverse teams are more creative and productive than homogenous teams, but how do you get individuals who aren’t alike working together smoothly? If you’ve hired a diverse team, you have a variety of strengths at your disposal.

Leveling the Playing Field

Great Leadership By Dan

So, that is one example. Absolutely, awareness of these is critical to improve the lack of inclusion and diversity in organizations. Previously, Chamberlain was a Diversity & Inclusion Manager for a national American Lawyer Top 100 law firm.

The Language Of Leadership

Tanveer Naseer

These days, we talk a lot about the benefits of embracing diversity in the workplace. Of how intermingling people of different cultures, beliefs and nationalities can allow us to tap into the diversity of thoughts, ideas, and perspectives that go with these unique demographic elements.

Does Your Leadership Bring Out The Best In Those You Lead?

Tanveer Naseer

We see evidence of this truth in yet another finding from this study, where 84% of employees stated that it was important that leaders “have the humility to admit when they are wrong, setting an example by modeling a willingness to learn from mistakes”.

The Case for Team Diversity Gets Even Better

Harvard Business Review

We know intuitively that innovation goals are well served by cross-functional “SWAT” teams that are diverse in their membership. As Andy Zynga argued in an earlier post , diversity is a means to overcome the cognitive biases that prevent people from seeing new approaches or engaging them when found. When such diversity is enforced can we expect it to produce results? It isn’t always obvious how to do so, but we at NineSigma can point to an instructive example at AkzoNobel.

How to Signal That Your Company Cares About Diversity

Harvard Business Review

The fixed-mindset company talked, for example, about hiring employees “who have the intelligence and abilities that we are looking for.” Companies that want to benefit from diverse perspectives should discuss mistakes openly.

Why Your Diversity Program May Be Helping Women but Not Minorities (or Vice Versa)

Harvard Business Review

When it comes to issues of race, gender, and diversity in organizations, researchers have revealed the problems in ever more detail. We first studied the public diversity statements of 151 big law firms in the U.S. Diversity Gender Race Digital Article

28 Leadership Development Recommendations for your Individual Development Plan

Great Leadership By Dan

Examples: an accounting manager could shadow HR for a day or an person in operations could learn more about the sales process. For example, it’s easy to cross the line from confidence to arrogance and from passionate to volatile.

Measure Your Team’s Intellectual Diversity

Harvard Business Review

This kind of intellectual diversity is more likely to be present when individuals on the team come from different disciplines, backgrounds, and areas of expertise. The Myers-Briggs Type Indicator, for example, divides thinking preferences into four categories: Extroverted or introverted.

We’re Making the Wrong Case for Diversity in Silicon Valley

Harvard Business Review

Silicon Valley has a problem when it comes to diversity — and everybody knows it. The diversity problem is even starring in a popular show on HBO, Silicon Valley. Here we have one of the least diverse sectors of the U.S. A Social Case for Workplace Diversity.

Like It or Not, You Are Always Leading by Example

Harvard Business Review

Fortunately, a simple question evokes greater self-awareness and actionable insights than the typical 360 degree review: How do you lead by example? For one, it non-judgmentally presumes people already lead by — and thus set — good examples; for another, it pushes leaders to think harder about how others interpret their behavior. In over 15 years of asking, no one has ever said they can’t, don’t, or won’t lead by example.

The Unintended Consequences of Diversity Statements

Harvard Business Review

Pro-diversity messages are everywhere, whether you’re searching for a job, playing soccer , or watching the Oscars. Their point is simple: Diversity is good and we need more of it. In the business world, for example, we know that more-diverse groups tend to be more innovative , creative , hard-working , and better at solving problems. We know a lot about how effective these diversity statements are, and, unfortunately, the answer is “ not very.”

Hollywood, Diversity, and Common Sense

Execupundit

You'd think that by now the idea that an awards program should have racial diversity would have been dismissed as foolish and unrealistic. The complaints about the Oscar nominations are far from new.

Interrupting Women

Talent Anarchy 1

It is very easy, for example, if you are a dude in a dude dominated workforce to believe that gender isn’t really an issue. A specific and relentless example; women are much more likely to be interrupted at work than men. Accountability Diversity

Diverse Teams Feel Less Comfortable — and That’s Why They Perform Better

Harvard Business Review

In numerous studies , diversity — both inherent (e.g., For example, a 2009 analysis of 506 companies found that firms with more racial or gender diversity had more sales revenue, more customers, and greater profits. These are mere correlations, but laboratory experiments have also shown the direct effect of diversity on team performance. In addition, people believe that diverse teams breed greater conflict than they actually do.

Why Innovation is not "Invented Here"

Coaching Tip

We need diverse social and professional connections to innovate. If you invent something while working in a vibrant and diverse place, your invention has a greater likelihood to soar and succeed. The payoffs of diversity and multidisciplinarity are real.

Women In Leadership Is Not A Zero-Sum Game

Tanveer Naseer

In reading Chelsea’s piece, we need to recognize that putting into action measures to increase diversity in today’s organizations – an issue Intel has recently committed themselves to resolving by creating a $300 million fund to increase workplace diversity – is not a zero-sum game.

A Diverse Board Is an Independent Board

Harvard Business Review

But with board independence in the spotlight recently, it''s easy to overlook another aspect of good board health that''s just as important to performance: diversity. There are reams of examples of how bad things can get when those roles are blurred. Boards Diversity Gender

How To Better Support Introverts In Today’s Workplaces

Tanveer Naseer

Balance in the C-Suite… Numerous studies have demonstrated that diversity on teams brings better results. Moore asserts that diversity does not just refer to racial, gender or international differences but also includes introvert and extrovert personality types.

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Diversity at the Oscars Is More than a Numbers Game

Harvard Business Review

For two years running, the actors’ branch of the Academy of Motion Picture Arts and Sciences has put forward a slate of acting nominees devoid of racial diversity. Having numerical diversity does not guarantee a diverse and inclusive climate.

3 Ways Pixar Gains Competitive Advantage from Its Culture

Michael Lee Stallard

Encourage self-expression and diversity of thought. The best ideas can come from anyone in the company so leaders must add to the environment whatever encourages self-expression and diversity of thought. No detail is too insignificant to Catmull when it comes to creating a culture that encourages self-expression and diversity of thought. Senior business leaders are wise to follow Catmull’s example. As seen on Fox Business.

Diversity & Leadership | N2Growth Blog

N2Growth Blog

Let me be clear: leadership and diversity should have nothing to do with one another. I’ll take it one step further – I can’t really think of any issue that should be argued or decided solely on the merits of diversity. of virtually every diversity segment.

How the Imagined “Rationality” of Engineering Is Hurting Diversity — and Engineering

Harvard Business Review

The flap has women and men in tech — and elsewhere — wondering what their colleagues really think about diversity. To cite just one example, 61% of women engineers reported having to prove themselves repeatedly to get the same level of respect and recognition as their colleagues, as compared with 35% of white men. Damore’s memo echoes this view, decrying “hiring practices which can effectively lower the bar for ‘diversity’ candidates.”