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One Thing That Can Boost Innovation

2019-10-27

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I'M DOING A LIVE SHOW IN NYC 👉 https://www.caveat.nyc/event/drink-and-learn-wvanessa-hill-from-braincraft--11-23-2019

References with time codes below 👇

More on Chevron's diversity program: https://www.chevron.com/corporate-responsibility/people/diversity-inclusion

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Earlier this year, people messaged me saying they were skeptical of diversity programs (particularly in STEM). So, we dive into the psychology and economics research to see what the impact of diverse teams is on innovation and financial performance. And, it turns out having more perspectives, different experience and an inclusive environment is good for business.

My Twitter https://twitter.com/nessyhill | Instagram https://instagram.com/nessyhill

Music by Epidemic Sound: http://epidemicsound.com/creator

REFERENCES 📚

2:22

Devillard, S., Hunt, V. & Yee, L. Ten years of research on women in the workplace. (March, 2018). McKinsey Quarterly. [online] Available at:

https://www.mckinsey.com/featured-insights/gender-equality/still-looking-for-room-at-the-top-ten-years-of-research-on-women-in-the-workplace

3:10

Parrotta, P., Pozzoli, D. & Pytlikova, M. J. The nexus between labor diversity and firm’s innovation. Journal of Population Economics. (2014) 27: 303. https://doi.org/10.1007/s00148-013-0491-7

3:23

Hunt, V., Layton, D. & Prince, S. Diversity Matters McKinsey & Company Report. (2015). https://www.britishland.com/~/media/Files/B/British-Land-V4/documents/mckinsey-report.pdf

3:35

Ca.sodexo.com. (2019). Sodexo’s Gender Balance Study 2018: Expanded Outcomes Over 5 Years. [online] Available at: https://ca.sodexo.com/files/live/sites/sdxcom-global/files/PDF/Media/2018_Gender-Balance-Study_EN.pdf

3:57

Hewlett, S.A., Marshall, M. & Sherbin, L. How diversity can drive innovation. (2013) Harvard Business Review. https://hbr.org/2013/12/how-diversity-can-drive-innovation

Dezso, Cristian L. and Ross, David Gaddis, Does Female Representation in Top Management Improve Firm Performance? A Panel Data Investigation (March 9, 2011). Robert H. Smith School Research Paper No. RHS 06-104. Available at SSRN: https://ssrn.com/abstract=1088182

Lorenzo, R. and Reeves, M. (2018) How and where diversity drives financial performance. Harvard Business Review.

4:24

Robehmed, M. How Rihanna Created A $600 Million Fortune—And Became The World’s Richest Female Musician. (2019) Forbes. https://www.forbes.com/sites/natalierobehmed/2019/06/04/rihanna-worth-fenty-beauty/#7b66e6e213de

4:42

Women are doing their part. Now companies need to do their part, too. (2019). Retrieved 17 July 2019, from https://womenintheworkplace.com/

5:22

Dover, T.L., Major, B., & Kaiser, C.R. (2016). Members of high-status groups are threatened by pro-diversity organizational messages. Journal of Experimental Social Psychology

Volume 62, January 2016, Pages 58-67.

FURTHER READING

https://hbr.org/2018/01/how-and-where-diversity-drives-financial-performance

https://www.census.gov/quickfacts/fact/table/US/PST045218

https://www.nbcnews.com/feature/nbc-out/record-4-5-percent-u-s-adults-identify-lgbt-gallup-n877486

https://www.bloomberg.com/news/articles/2018-09-21/america-s-c-suites-keep-getting-whiter-and-more-male-too

https://hbr.org/2014/07/how-6-countries-compare-on-executive-gender-balance

https://outleadership.com/insights/in-new-york-2-of-the-4-openly-lgbt-ceos-of-fortune-500-companies-reflect-on-the-importance-of-visibility/