Woman: Innovation will be really critical
to win in the 20s.
There will be more change,
unprecedented change, in the next decade.
And I believe diversity is absolutely key.
Our research actually shows that
companies with diverse pools of talent,
especially at the senior levels,
innovate better.
In fact, there's almost a 20 point difference
in terms of the level of innovation revenue
a company with diversity at the top has
versus those that don't.
So, for the longest time, diversity in my mind
has been a moral imperative.
It's become kind of obvious too, I think,
that it's a business imperative.
Our research says that companies
that have multi-dimensional diversity,
actually out perform those that don't,
in terms of their rate and level of innovation revenue.
Man: Winners of the next decade
will be marked by innovative capabilities
but they'll need more than that.
Organizations need to develop their resilience muscle,
in order to embrace failure,
to learn from it,
and then pivot and grow.
And when a company can respond to change,
external shocks, or complex environments,
with a range of perspectives it has established for itself,
a foundation of resilience, allowing businesses
to constantly innovate and reinvent themselves.
Woman: Three pieces of advice I would offer CEOs
who are seeking to create more diversity
in their organizations,
the first one is to really think through
what it means to have an inclusive workplace.
Hitting the number, the diversity number,
the compositional number,
in terms of diversity, isn't enough.
Those people that you welcome into the company
have to feel they are part of a community
where there's open communication
to talk about differences,
where there's an open culture that embraces differences,
and clear and fair and transparent work practices.
Man: Second, business leaders
shouldn't become less affair about progress.
Just because numbers start to improve
and first signs of success are visible,
doesn't mean the job is done.
Woman: The third piece of advice I would have,
is to make sure diversity is right in the middle
of your war for talent strategy.
In the decade to come, the labor pools will shrink.
In fact, most major economies will have a talent shortage.
And to ensure that you are looking everywhere
to get the best and the brightest,
diversity will be key.
And those companies that look for diversity,
will win the war for talent.
And those that won't, will be left behind.