LearnHub getAbstract
The Business Imperative of Diversity
Article

The Business Imperative of Diversity

Miki Tsusaka, Christian Greiser, Matt Krentz and Martin Reeves
Boston Consulting Group, 2019
Read the article

Read, Listen, or Discuss

Amazon Kindle  Discuss
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×

Editorial Rating

8

getAbstract Rating

  • Concrete Examples
  • Hot Topic

Recommendation

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 Tsusaka, Christian Greiser, Matt Krentz and Martin Reeves are all managing directors and senior partners there.

Comment on this summary

More on this topic

By the same authors

New Leadership Imperatives (Inspiring the Next Game)
Book

Martin Reeves and François Candelon

New Leadership Imperatives (Inspiring the Next Game)
Making Sense of Chaos with Doyne Farmer
Podcast

Doyne Farmer and Martin Reeves

Making Sense of Chaos with Doyne Farmer
Social Learning Is a Human Superpower. AI Can Make It Better.
Article

Charikleia Kaffe et al.

Social Learning Is a Human Superpower. AI Can Make It Better.
Strategy Lessons from Taylor Swift
Article

Charikleia Kaffe et al.

Strategy Lessons from Taylor Swift

Lessons that conventional businesses can learn from Taylor Swift's ability to navigate new technologies, channels, and power structures to create enduring advantage.
Economic Factors Underlying Biodiversity Loss with Partha Dasgupta, Simon Levin, and Georg Kell
Podcast

Martin Reeves

Economic Factors Underlying Biodiversity Loss with Partha Dasgupta, Simon Levin, and Georg Kell
Building a Resilient Government
Article

Daniel Acosta et al.

Building a Resilient Government
Leading Out of Adversity
Article

Rich Lesser and Martin Reeves

Leading Out of Adversity
Fighting the Gravity of Average Performance
Article

Martin Reeves et al.

Fighting the Gravity of Average Performance
Corporate Sustainability at a Crossroads
Article

David Kiron et al.

Corporate Sustainability at a Crossroads

Progress Toward Our Common Future in Uncertain Times
The Truth About Corporate Transformation
Article

Martin Reeves et al.

The Truth About Corporate Transformation

Empirical analysis reveals that conventional wisdom about big, risky change initiatives is often wrong.
The New Logic of Competition
Article

Ryoji Kimura et al.

The New Logic of Competition

Winning the ’20s
Optimize For Both Social and Business Value
Article

David Young et al.

Optimize For Both Social and Business Value

Winning the ’20s
The Science of Change
Article

Lars Faeste et al.

The Science of Change

Winning the ’20s
A Leadership Agenda for the Next Decade
Article

Rich Lesser et al.

A Leadership Agenda for the Next Decade

Winning the '20s
Advantage in Adversity
Article

Martin Reeves et al.

Advantage in Adversity

Winning the Next Downturn
Diversity Is Just the First Step. Inclusion Comes Next.
Article

Frances Brooks Taplett et al.

Diversity Is Just the First Step. Inclusion Comes Next.
Getting Uncomfortable on Purpose
Article

Ashley Grice et al.

Getting Uncomfortable on Purpose
Free Up Your Mind to Free Up Your Strategy
Article

Martin Reeves et al.

Free Up Your Mind to Free Up Your Strategy
Getting the Most from Your Diversity Dollars
Article

Jennifer Garcia-Alonso et al.

Getting the Most from Your Diversity Dollars
The New Freelancers
Article

Judith Wallenstein et al.

The New Freelancers

Tapping Talent in the Gig Economy
Fixing the Flawed Approach to Diversity
Article

Matt Krentz et al.

Fixing the Flawed Approach to Diversity
How Diverse Leadership Teams Boost Innovation
Article

Rocio Lorenzo et al.

How Diverse Leadership Teams Boost Innovation
Preemptive Transformation
Article

Martin Reeves et al.

Preemptive Transformation

Fix It Before It Breaks
Winning the Race for Women in Digital
Article

Frances Brooks Taplett et al.

Winning the Race for Women in Digital
Two Groups You Can’t Ignore (but Probably Do) in the War for Talent
Article

Matt Krentz et al.

Two Groups You Can’t Ignore (but Probably Do) in the War for Talent
Lessons from China’s Digital Battleground
Article

Shu Li et al.

Lessons from China’s Digital Battleground
Competing on the Rate of Learning
Article

Martin Reeves and Kevin Whitaker

Competing on the Rate of Learning
How Much Will a Trade War Hurt Your Company?
Report

Christian Ketels and Martin Reeves

How Much Will a Trade War Hurt Your Company?
Why Women-Owned Startups Are a Better Bet
Article

Kate Abouzahr et al.

Why Women-Owned Startups Are a Better Bet
Ideas, Emotions, and Innovation
Article

Martin Reeves et al.

Ideas, Emotions, and Innovation

Riding the Amazement Cycle
Diversity at Work
Article

Miki Tsusaka et al.

Diversity at Work
The Transformations That Work – and Why
Article

Hans-Paul Bürkner et al.

The Transformations That Work – and Why
The Rewards of an Engaged Female Workforce
Article

Matt Krentz et al.

The Rewards of an Engaged Female Workforce
Digital or Die
Report

Olivier Abtan et al.

Digital or Die

The Choice for Luxury Brands
A CEO's Guide to Navigating Brexit
Article

Martin Reeves and Philipp Carlsson-Szlezak

A CEO's Guide to Navigating Brexit
The Lean Advantage for Large Construction Projects
Report

Christian Greiser et al.

The Lean Advantage for Large Construction Projects

Industrializing Project Execution to Create Value
The Self-Tuning Enterprise
Article

Martin Reeves et al.

The Self-Tuning Enterprise
The Biology of Corporate Survival
Article

Martin Reeves et al.

The Biology of Corporate Survival
Sir Lawrence Freedman on the Evolution of Strategy
Video

Lawrence Freedman and Martin Reeves

Sir Lawrence Freedman on the Evolution of Strategy

    Learners who read this summary also read

    The Business Case for Diversity in the Workplace Is Now Overwhelming
    Article

    Vijay Eswaran

    The Business Case for Diversity in the Workplace Is Now Overwhelming
    Lead the Change
    Book

    Kelly L. Cooper

    Lead the Change

    The Competitive Advantage of Gender Diversity and Inclusion
    Profiting from Diversity
    Book

    Gloria Moss

    Profiting from Diversity

    The Business Advantages and the Obstacles to Achieving Diversity
    Managing Diverse Employees at Starbucks
    Article

    Ulla P. Morais et al.

    Managing Diverse Employees at Starbucks

    Focusing on Ethics and Inclusion
    Women, Minorities, & Other Extraordinary People
    Book

    Barbara B. Adams PsyD

    Women, Minorities, & Other Extraordinary People

    The New Path for Workforce Diversity
    Professional services focus: How a post-COVID-19 operating model could help create a more diverse leadership pipeline
    Article

    Gustavo Alba and Rebecca Glick

    Professional services focus: How a post-COVID-19 operating model could help create a more diverse leadership pipeline

      Related Skills

      Avance en su carrera
      Atraiga y reclute talento
      Sea emocionalmente inteligente
      Genere confianza
      Carrera
      Comuníquese eficazmente
      Desarrolle productos innovadores
      Transformación digital
      Drive AI Transformation
      Drive Team Performance
      Enable Digital Organization
      Emprendimiento
      Innovación
      Lidere estratégicamente
      Leverage AI for Leadership
      Leverage AI in Your Daily Tasks
      Domine habilidades interpersonales
      Crecimiento personal
      Habilidades blandas
      Sostenibilidad
      Comprenda las organizaciones
      Habilidades para el lugar de trabajo
      Aproveche sus fortalezas
      Leverage AI Agents
      Use AI to Enhance Communication
      El futuro del trabajo
      Gestione el talento
      Domine la colaboración
      Avance su carrera como mujer
      Promueva la diversidad, equidad e inclusión
      Understand AI Capabilities and Limits
      Understand AI Ethical Impact
      Fomente una cultura de innovación
      Coloque talento estratégicamente
      Strengthen Team Collaboration
      Construya una cultura inclusiva
      Impulse la diversidad
      Administración
      Impulse el compromiso de los empleados
      Implemente estrategias de ESG
      Promueva la inclusión de género
      Lidérese a sí mismo
      Gestione las relaciones con los empleados
      Adopte otras perspectivas
      Discover AI Use Cases
      Lidere con ética
      Liderazgo
      Navegue por la cultura del lugar de trabajo
      Defienda nuevas ideas
      Comuníquese estratégicamente
      Facilite la ideación grupal
      Comprenda el sesgo inconsciente
      Construya seguridad psicológica
      Leverage AI for Management
      Build Digital Culture
      Discover AI Use Cases in the Technology Industry
      Comprenda las desigualdades sistémicas
      Drive AI Adoption in Teams
      Practique el liderazgo servicial
      Colabore entre funciones
      Promueva la inclusión LGBTQ+
      Recursos humanos
      Comuníquese a través de culturas
      Organize for AI
      Haga seguimiento del progreso de DIE
      Measure AI Business Impact
      Promueva la orientación al cliente
      Cree una estrategia de contratación
      Desarrolle la organización
      Understand AI Risks
      Liderazgo ejecutivo
      Usar la IA de forma ética
      Discover AI Use Cases in the Manufacturing Industry
      Guide Teams Through AI Transition
      Understand AI
      Ofrezca trabajo flexible
      Impulse el rendimiento de la organización
      Avance como mujer líder
      Construya la cohesión del equipo
      Forme una cultura organizacional
      Promueva la inclusión de la discapacidad
      Promueva la inclusión socioeconómica
      Foster Team Culture
      Plan AI Workforce Transformation
      AI Transformation
      Sea aliado de grupos minoritarios
      Practice Transformational Leadership
      Cree sentido de pertenencia
      Leverage AI for HR
      Manage People and Talent
      Understand AI Impact on Business and Economy
      Comuníquese de manera inclusiva
      Mejore la experiencia de los empleados
      Understand AI Societal Impact
      Promueva la neuroinclusión
      Fomente la comunicación abierta
      Use AI Ethically as a Leader
      Dé forma a la cultura organizacional
      Reclute talento diverso
      Promueva la inclusión generacional
      Use AI for Workforce Planning
      Aumente su conciencia cultural
      Aproveche los grupos de recursos de los empleados
      Understand AI Impact on Work
      Lidere de forma inclusiva
      Promueva la inclusión étnica