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The Business Imperative of Diversity

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The Business Imperative of Diversity

Boston Consulting Group,

5 min read
4 take-aways
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Achieving and maintaining diversity is easier said than done, but making the effort will likely pay off.

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Genuinely diverse workforces can do a world of good to make companies innovative and adaptable. Experts from the Boston Consulting Group’s Henderson Institute think tank dive into ways that companies can turn empty platitudes touting diversity into concrete benefits for the bottom line.  

Summary

In the 2020s, companies that prioritize diversity will be the most innovative and resilient.

Diverse companies tend to produce more ideas and make more money, a study of more than 1,700 businesses worldwide shows. A company’s inclusivity of women works as a predictor of growth. However, the proportion of women in managing roles at big firms has barely budged since 2009. Changes related to technology, globalization and politics means that between 2019 and 2024, one of three companies will cease to ...

About the Authors

The BCG Henderson Institute is a strategy think tank for the Boston Consulting Group. Miki TsusakaChristian GreiserMatt Krentz and Martin Reeves are all managing directors and senior partners there.


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