Inclusive cultures are important to make employees feel like they belong and are valued. But aside from the human importance of improving diversity and inclusion, a recent article featured in FT Partner Content, provided by ServiceNow, suggests that diversity in the workplace breeds innovation.
Our latest "Keep Agile" research report similarly shows that there are multiple benefits of having a diverse workplace. It finds that embracing the contribution of all stakeholders in a business can enhance the quality of strategic decision making.
Companies are increasingly expanding the role and input of a wider group of stakeholders, and they're finding that broadening the management of the business is a positive shift in business operations. Nearly half of respondents to our survey found that it had a helpful impact on diversity of thought, and half reported it had a positive impact on innovation and idea generation. Other business owners and managers also found diversity improves the ability to respond to clients and the direction of the market.
The FT article states that many feel the diversity and inclusion gap in the workforce is growing. Whilst this may be true, our research finds that younger managers are more likely to appreciate the benefits of the innovation and idea generation that come with a broadened input into decision making. As these managers move up the ranks, we will hopefully see more workplaces put emphasis onto the importance of inclusion and diversity.
If you'd like to read more on our research on decision making, leadership and agility please click here.
"There’s always been a human case for diversity and inclusion, but the business case has never been stronger. An increasing number of senior executives believe that diversity makes good business sense."