Compare the Market
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Compare the Market

Esther Ogunmefun

Jun 11, 2021

7 min read

Diversity and inclusion: A major driver of innovation

What is meant by diversity and inclusion in the workplace and how can this influence innovation and business growth? Junior software engineer, Esther Ogunmefun discusses:

Photo by Belinda Fewings on Unsplash

What is diversity?

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What is inclusion?

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How does D&I drive innovation and business growth?

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Market opportunities

Decision-making

Creativity

Leadership

What are the stats?

Photo by Stephen Dawson on Unsplash

Promoting D&I as individuals

  • Only 5% of Fortune 1000 companies are run by women even though those companies contribute to 7% of the total revenue of the Fortune 1000 list.
  • Quantum reported that 75% of employees in underrepresented groups don’t feel like they have personally benefited from their company’s diversity programs.
  • Celebrate diversity and inclusion — get to know your colleague’s background, culture, country and traditions
  • Encourage contributions and ideas
  • Be open-minded
  • Seek the perspective of others
  • Actively seek opportunities to work with and get to know those different to you
  • Welcome ideas at all levels, not just “experts” because anyone can be a catalyst for innovation
  • Don’t shy away from presenting your opinions and insights
  • Share responsibility and decision-making authority
  • Share success and give credit where credit is due
  • Give and take on constructive feedback
  • Enforce fair employment practices
  • Identify and remove unconscious bias
  • Ensure equal pay
  • Provide or complete diversity and inclusion training programs
  • Set strong non-discrimination policies