Article

How Diverse Leadership Teams Boost Innovation

Rocio Lorenzo, Nicole Voigt, Miki Tsusaka, Matt Krentz and Katie Abouzahr

Boston Consulting Group, 2018

Read the article

Read, Listen, or Discuss

Amazon Kindle Discuss

1×

Melden Sie sich an, um die Audiozusammenfassung anzuhören.

Editorial Rating

getAbstract Rating

Analytical
Applicable
Concrete Examples

Recommendation

When consultants praise the merits of diversity in business leadership, are they actually trying to boost your bottom line or are they simply being politically correct? The Boston Consulting Group asked employees from 1,700 companies worldwide about diversity in their companies and then measured the data against revenue garnered from new products. The results should inform executives and hiring managers as they strive to assemble innovative teams.

Summary

You’ve heard it before: Diversity in a company’s leadership correlates with increased innovation, probably because diverse leaders contribute unique perspectives to a project. But have you heard the hard numbers? In 1,700 companies studied, innovation revenue – revenue from products brought to market within the previous three years – made up 45% of total revenue in businesses with management teams boasting above-average leadership diversity. In companies with below-average leadership diversity, innovation revenue was only 26% of the total. That 19% difference is significant for companies hoping to be at&#...

About the Authors

Rocío Lorenzo, Nicole Voigt, Miki Tsusaka, Matt Krentz and Katie Abouzahr are professionals at the Boston Consulting Group.

How Diverse Leadership Teams Boost Innovation

Read, Listen, or Discuss

Editorial Rating

getAbstract Rating

Recommendation

Summary

About the Authors

My Highlights

Comment on this summary

More on this topic

By the same authors

The Business Imperative of Diversity

Diversity Is Just the First Step. Inclusion Comes Next.

Getting the Most from Your Diversity Dollars

Fixing the Flawed Approach to Diversity

Winning the Race for Women in Digital

Two Groups You Can’t Ignore (but Probably Do) in the War for Talent

Why Women-Owned Startups Are a Better Bet

Diversity at Work

The Rewards of an Engaged Female Workforce

Digital or Die

Learners who read this summary also read

The Business Case for Diversity in the Workplace Is Now Overwhelming

Driven by Difference

Managing Diverse Employees at Starbucks

“The Diversity Leader” – Singleton Beato

Profiting from Diversity

Idea Agent

Related Skills