I am not the first person to draw attention to the connection between the inclusion of diversity and innovation. What I am pointing out is that the obvious blind spot is the need for personal innovation by the leader that solves the problem with traditional diversity training. Before we get to that, let’s take a closer look at the issue of diversity and why it matters.
trip advisor flights
In 2015, McKinsey published a report that surveyed 366 companies based on their diversity. Companies that had different quartiles by ethnic and racial diversity earned 35 percent more revenue than the market average.
allegiant air airlines flights
In a global analysis, 2,400 Credit Suisse companies showed similar results. Companies with at least one woman in the top position achieved higher revenue growth and return on capital than companies in which no woman was included at the top of the management hierarchy. Could recent discoveries about Microsoft’s struggle with an organizational culture that is consistently resilient to diversity inclusion shed light on the company’s market challenges over the past decade?
In recent years, various studies have been conducted that reveal another significant benefit of diversity within teams: they are just smarter. Collaborating with people who are different from you challenges your brain to think in a new way. This requires stepping aside the natural propensity of most people to fear and resist change. The situation is more murky due to studies on thousands of trainings which show that traditional training for inclusion of diversity is not effective and that it can really encourage bias.
cheap travel sites
More focused on facts and acceptance of thinking outside the box
People of different backgrounds can change the picture of what is considered normal within the social majority and create a new way of thinking within the group.
cheap plane tickets
In a study published in the American scientific journal Journal of Personality and Social Psychology, 200 people were assigned to a fake jury of six people, all of whom were white or consisted of four white people and two non-white people. Together, they watched a video of the lawsuit with the black suspect and the white victims. They then had to decide if the suspect was guilty.
It turned out that mixed juries were able to uncover more facts about the case and make fewer factual errors when discussing the issue. If errors occurred, they were corrected in the same discussion. A possible explanation for this was that the mixed chambers looked more closely at the evidence.
spirit airlines official site
Another study shows similar results. In a series of experiments from Texas and Singapore, scientists let people with economic studies go through a simulated supermarket and guess the price of the product. Participants were divided into ethnically differentiated or homogeneous teams. People who were part of a diverse group were more likely to guess prices at 58 percent than participants from the other group.
Teams with diversity remain more objective in different situations. By creating more diversity, you make teams aware of their prejudices – something that can blind them to important information.
Personal innovation strategy
Different teams are more innovative, this is now a well-shown reality.
To stay competitive, companies must look for ways to cultivate innovation. Research shows that one of the best ways to transform their product is to embrace diversity within the company.
The gender diversity of 4277 Spanish companies was researched within the research teams. Teams with more women managed to achieve a more radical renewal in two years than teams in which men were the majority.
Another study suggests that cultural diversity is key to innovation. The researchers looked at data from 7,615 companies that participated in the London Annual Business Survey, a company performance survey. Companies that have noticed cultural diversity at their top have developed more new products than those with similar directors. Valuable events of advanced thinking and effective thinking outside the box can become the new normal with teams smarter better understanding the blind spots of innovation.
Involving people of different genders, races, nationalities, backgrounds and nationalities can enhance a company’s ability to innovate. However, if it were that simple, it still wouldn’t be such a permanent problem. Here, personal innovations, especially in leadership development, are so valuable. Leaders should lead by example. Accepting a personal lifestyle that uses the pursuit of happiness to nurture personal courage and intensify it more often to achieve what is right.
best price tickets
Exploiting personally significant goals is key to personal innovation strategies that circumvent the most common problems of diversity training and innovation capacity building programs. This means that there is no single solution per se. Instead, it calls for nurturing a strategy that will lead a lifestyle of inner growth, clarity, and wisdom.
all inclusive vacation packages
New innovative approaches to turn challenges into launching pads will help you become the leader needed today and grow an increasingly diverse workforce and market tomorrow. Reinforcement is the key to discovering your personal innovation path. Artistic solutions based on imagination as a method enable people to become aware of their prejudices, learn what they are based on and learn to make better decisions. This will make leadership more successful regardless of specific goals. Ultimately, smart leaders must find new courage, wisdom, and inspiration to get closer to these current and emerging challenges.