Sector News

Diversity Makes a Difference to Our Bottom Line

July 18, 2016
Borderless Leadership

The thought-provoking article below is the second in our series of essential reads ahead of the Women in Leadership Forum and the Pharma Insight Briefing on Diversity & Innovation, which will take place this October 5 and 6, respectively, during the CPhI Congress in Barcelona. Borderless Consultants Rosalie HarrisonJune Nilsson and Niels-Peter van Doorn will present.

The Diversity Matters report from global research company McKinsey highlights the benefits of gender and ethnic diversity to business. The study of 366 public companies in North and Latin America, and the UK showed that companies in the top quartile for women in management roles are 15% more likely to have earnings above the median for their industry. When it comes to racial and ethnic diversity, this figure jumps to 30%.

Fostering diversity requires intent, will and commitment, and there are clearly strong business drivers to support companies who make the effort.

Can’t attend CPhI this year?  We’d be happy to come to your business or your conference to discuss these issues further in an alternative forum.  Contact us at leaders@borderless.net.

This week’s read:   Why Diversity Matters (McKinsey)>

Enjoy the read and we invite you to share your thoughts on why diversity matters via Twitter @borderlessexec #WomeninLeadership #DiversityMatters.

Bonus summer reading:

  • Necessary Dreams: Ambition in Women’s Changing Lives by Anna Fels
  • The Politics of Promotion by Bonnie Marcus
  • The Confidence Code by Katty Kay and Claire Shipman
  • Lean-In by Sheryl Sandberg
  • Nice Girls Don’t Get the Corner Office by Lois P. Frankel
  • Overwhelmed by Brigid Schulte
  • Unfinished Business, Anne-Marie Slaughter

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