GIST Insights: Delivering Through Diversity

diversity insights

Diversity can mean a lot of things, but at the end of the day, it’s really about creating a space where different voices can contribute to making a better whole. Creating spaces where people from all sorts of perspectives can make meaningful contributions isn’t just good for you and your co-workers; it can be an incredible asset to your business. What are some of these assets, and how can you make the most of them?

 

Insights from the GIST Community

marcia chong

 

Maximize Diversity, Maximize Success

Companies that prioritize inclusion are more successful 
This study predicts that through 2022, 75% of companies with diverse and inclusive decision-making teams will exceed their financial targets. The study found that gender-diverse and inclusive teams outperformed their less inclusive counterparts by 50%. Will you be one of them? 

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Diversity still matters Given the challenges the world has faced due to the COVID-19 pandemic, there will be a shift to deprioritize diversity and inclusion efforts because they may be seen as non-critical to business viability. The truth is that diversity efforts are more important than ever in addressing the external and internal performance of a company, making meaningful improvements along multiple metrics, including: 
●    Winning the war for talent 
●    Improving the quality of decision making
●    Increasing customer insight and innovation.
●    Driving employee motivation and satisfaction.
●    Improving a company’s global image and license to operate

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It takes a leader!
Empowering diverse corporate leadership can benefit everyone, from employees to investors. Companies with more diverse leadership teams report higher innovation revenue—45% of total revenue versus just 26%, according to a 2018 BCG report.

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Start your diversity and inclusion journey today! 
Here are 5 strategies to infuse D&I into your organization, creating a more representative, fair, and high-performing workforce.

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Additional Resources

For additional insights into accelerators and incubators visit our GIST TechConnect panels, our GIST Guru interviews, and GIST Innovation Talks podcasts:

 

The principles are explored further in our Startup Trainings, Virtual Accelerator, and Panel Discussions.

 

 

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