Summary of How Diversity Makes Teams More Innovative

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How Diversity Makes Teams More Innovative summary
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8 Overall

8 Applicability

9 Innovation

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Recommendation

Fostering diversity has many workplace benefits. Off the top of your head, you may think of increased creativity and employee satisfaction. But the perks get even better: Diverse organizations generate more innovation revenue, according to a recent survey by diversity researcher Rocío Lorenzo. In a thoughtful, eye-opening talk, she explains how her team’s survey data converted her into a diversity advocate. getAbstract recommends her presentation to executives and human resources professionals. 

In this summary, you will learn

  • How diversity affects a company’s bottom line and
  • Why companies should boost the number of women in leadership positions.
 

About the Speaker

Rocío Lorenzo is a partner and managing director at the Boston Consulting Group.

 

Summary

Working as a management consultant in Europe and the United States exposed Rocío Lorenzo to the homogeneity of business leadership. For example, 70 of Germany’s 100 largest publicly listed companies have no women on the board. Moreover, none of the 100 firms has a female CEO, even though the number of well-educated women in the world has never been higher. Many companies pay lip service to diversity “out of political correctness.” Few of them see it as a way to grow the bottom line. Yet, while consulting, Lorenzo observed that diverse teams generated more creative ideas. She wondered if diverse organizations were more innovative and if diversity helped them be more competitive.

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