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Recent news headlines in some quarters have called into question the value of Diversity, Equity, and Inclusion (DE&I) strategies and policies.
Contents
DE&I as a strategic advantage
DE&I have long since evolved from being trendy buzzwords and are now recognised in most organisations as key drivers of innovation and creativity. DE&I is now a core business strategy, proven to lead to increased employee satisfaction and productivity, improved talent attraction and retention, better brand reputation, and enhanced financial performance to name a few.
Amongst the myriad of benefits are the concepts of creativity and innovation, two significant drivers of success for organisations. When looking at the impacts of diversity on innovation and creativity, what is it about DE&I that causes such profound positive effects?
DE&I has become increasingly valued and recognised across organisations, and society as a whole, reaping countless positives which promote long-term success. It is not just the right thing to do, but has also become a lever that creates strategic advantage.
In today’s world, organisations that have not fully embraced DE&I are subject to numerous negative implications with regards to both innovation and creativity, as well as potentially creating other business risks. Specifically, a lack of diverse voices in the room can hamper creativity and also hinder levels of innovation through a lack of diverse culture, experience, traditions and beliefs.
Diversity as a catalyst for creativity and innovation
Now, more than ever, DE&I helps to drive positive business impacts. When we look at Generation Z, they are the most educated and diverse generation in the current workforce, and they continue to demand diversity and inclusion within the places they work. They are demanding more from their leaders, with a recent Manpower survey finding that 56% of Gen Z surveyed would not accept a role without diverse leadership in the organisation they are joining.
Strengthening DE&I and attaining access to a wider pool of talent fosters innovation and creativity, through diversity of experience, views, and insights.
This isn’t just “wokeism” or pandering to the “snowflake” generation. Acknowledging the importance of cultural diversity in shaping creative expression is significant. The dynamic relationship between creativity and cultural diversity highlights how varied perspectives, customs, and experiences can spark innovation and lead to new perspectives and ideas. Similarly, diversity leads to enhanced innovation through access to a richer pool of ideas and perspectives.
Reducing groupthink and enhancing decision-making
As well as impacting on innovation and creativity, diversity also has an impact on mitigating the risk of “groupthink.” If we look at the decision-making process, for example, groupthink is a phenomenon whereby a group of (often senior leaders) tend to align their thinking and beliefs with each other, which can in turn create a risk of poor decision-making.
In order to alleviate this risk, diversity of thought is a significant mitigator. Where there are diverse groups, thoughts and views are more likely to be challenged, as people with different views, perspectives, and experience are involved in the decision-making process.
It is evident that the positive impacts of DE&I extend far beyond social responsibility, and it is a crucial strategy to create organisations which promote both innovation and creativity as key drivers of positive business impacts. By fostering diverse working environments, innovation and creativity is accelerated through diversity of opinions, views, insights, and experiences. Through embracing all the positives DE&I has to offer, we not only benefit our employees and organisations, but the larger community.
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