Name: How diversity makes teams more innovative
Uploaded: 2017-10-25T14:54:51Z
Duration: 10 min 56 s
Description: Are diverse companies really more innovative? Rocío Lorenzo and her team surveyed 171 companies to find out -- and the answer was a clear yes. In a talk that will help you build a better, more robust company, Lorenzo dives into the data and explains how your company can start producing fresher, more creative ideas by treating diversity as a competitive advantage.

Are diverse companies really more innovative? Rocío Lorenzo and her team surveyed 171 companies to find out -- and the answer was a clear yes. In a talk that will help you build a better, more robust company, Lorenzo dives into the data and explains how your company can start producing fresher, more creative ideas by treating diversity as a competitive advantage.

How diversity makes teams more innovative

Management consultant, diversity researcher

Companies with leadership teams that are more diverse consistently generate higher innovation revenue. A study of 171 companies showed those with over 20 percent women in leadership achieved above-average levels of new product and service income. Despite more women earning degrees and building experience, their representation in top roles has lagged sharply behind. Real progress comes not from waiting, but from setting clear targets and prioritizing diverse hiring and promotion.