“Diversity Is Being Invited to the Party; Inclusion Is Being Asked to Dance.” – Vernã Myers
The practice of diversity and inclusion is accepting and learning to work well with people of different races, religions, cultures, and gender orientations. It is also accepting people of different personality types, and learning to work well with people whose styles are different from your own as well as people from different generations. Studies have proven diversity inclusion is a very important business practice.
Deloitte Australia research found that inclusive teams outperform their peers by 80% in team-based assessments. Forbes Magazine states: “Companies that embrace diversity and inclusion in all aspects of their business statistically outperform their peers.” McKinsey research: Gender diverse companies are 15% more likely to outperform their peers and ethnically diverse companies are 35% more likely to do the same. The US government has an Office of Diversity and Inclusion which offers businesses help to become diverse and inclusive. The NIH even has an office of Scientific Workforce Diversity.
Executive management needs to recognize and practice diversity and inclusion as a driving force for business growth and sustainability.
- Diversity – accept each person as an individual. Success and competitiveness is built on the ability to embrace diversity.
- Inclusion – create a working culture where differences are not only accepted but valued. Aim for an organization where people feel involved, respected and connected by removing barriers, eliminating discrimination and ensuring equal opportunity and access for all kinds of people.
For more information on diversity and inclusion and how it can move your Biotech or Device company forward, contact us. We will help you bring your team to the party and teach them to dance.
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