Why embrace diversity? As it turns out, diversity is good for business. The 20 most diverse companies in the S&P 500 achieve higher long term profitability than their less diverse counterparts. According to Vildan Stidham, Divisional VP of Global Talent Acquisition at Abbott, “[Diversity and Inclusion] can bring innovation, creative thinking, and different perspectives that […]
Diversity
Why Your Business Needs Supply Chain Diversity
Prior to the pandemic, lean supply chains were the key to success. Everything changed when coronavirus struck first in the world’s manufacturing center of China and put many suppliers in lockdown. As early as February 2020, US businesses were already seeing supply chain disruptions. 70% were assessing suppliers in an effort to know what was […]
Thinking About Diversity And Inclusion
The NY Times had a fascinating article: “Faces Of Power, 80% Are White As The Country Gets More Diverse.” There were a couple of interesting data points: Of the 25 highest value publicly traded companies in the US, only 6 were people of color, none were women. In the Fortune 500, there were only 4 […]
Diversity Is Critical, & Not For The Reasons We Think!
This is one of those posts that starts with an apology or a disclaimer. I hesitated writing it, because what I am writing can be so easily misinterpreted, or I may be very naive/poorly informed. (I’m less worried about the latter, I know I need to learn) Diversity is important–it’s critical for our organizations. We […]
How Diverse is Your Marketing Communications Program?
Western nations are growing more diverse than ever. And the definition of diversity has expanded and evolved as well. It now includes many factors including age, cultural background, disability, gender, linguistic differences, race, religion, sexual orientation, and socio-economic status. Here are the most recent U.S. data I uncovered: Age/Generation Gen-Z has overtaken Millennials by nearly […]
How to Make Your Marketing Efforts Disability-Inclusive
Businesses worldwide are in a perpetual struggle to find the best talent possible. Adjacent to this issue is the problem that nearly all job hunters with disabilities face: employers won’t see past their disability. In addition to being unethical, discriminating hiring practices are also just bad business. Surveys show that companies that do not discriminate […]
Workforce Diversity in Construction Improves Productivity and Profits
The construction business gets a bad rap for not being diverse enough. True, the sector may lag behind other industries, but construction companies are beginning to foster a more diverse and inclusive workforce—and earn the returns. The business case for diversity demonstrates that it boosts employee engagement, job satisfaction, and performance. In the 2018 report “Delivering through Diversity,” McKinsey finds that […]
How Companies Can Help the Disadvantaged and Enable Diversity in the Workplace
When it comes to Americans shopping habits, Millennials are changing the game. Instead of valuing a good price above all else, like their parent’s generation, millennials want to buy from companies that share their values. Businesses big and small can attract these customers by showing good corporate citizenship and working to better the standard of […]
5 Secrets of Creating a Great Business Team
My favorite five secrets of a great business team? This list came to me first as an answer to the question how do you build a great business team on Quora. These five points aren’t something from the business school curriculum. They come from the experience of actually doing it, recruiting a team and growing a business […]
6 Ways to Inspire Creativity in Your Office
To get something you’ve never had, you have to do something you’ve never done before. The same applies to the workplace and your team. The truth is, to spark creativity in a team, you have to be creative as a leader and think outside the box. You cannot expect your team to be innovative if you don’t […]
