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 Harrison, June 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:
There’s been a lot of buzz about a 4-day workweek. But it will be the ‘4 + 1’ workweek that ultimately wins out: 4 days of “work” and 1 day of “learning.” Several forces are converging in a way that point toward the inevitability of this workplace future.
How can leaders help their teams combat change exhaustion — or step out of its clutches? Too often, organizations simply encourage their employees to be resilient, placing the burden of finding ways to feel better solely on individuals. Leaders need to recognize that change exhaustion is not an individual issue, but a collective one that needs to be addressed at the team or organization level.
In this article, the author describes how a concept called tangential immersion can help anyone persevere in a boring task: Through a series of studies with more than 2,000 participants, she and her coauthors found that people often quit boring tasks prematurely because they don’t take up enough of their attention to keep them engaged.
