workplace diversity

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diversity

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Diversity, Equity, and Inclusion

is a good business strategy because diversity of people increases chances of diversity of thought, which is at the heart of innovation.

is a statistically significant driver of innovation within management teams, resulting in increased revenue from new products and services (in the case of gender, industry background, country of origin, carrier path diversity. The opposite holds true for age diversity which showed a negative impact on productivity).

Diversity had increased revenue from new products and services Higher diversity was particularly effective in complex companies Industry background, country of origin, and career path diversity all showed very high positive correlation with innovation Gender diversity showed high positive correlation with innovation Academic background diversity showed no correlation with innovation Age diversity showed high negative correlation with innovation This study suggest that while diversity is generally great for innovation, at least within management teams, more work needs to be done in the area of intergenerational communication to make gains in this area. Diverse workplaces foster more innovation and creativity

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