A recent study by Deloitte and the Billie Jean King Leadership Initiative shows that Millennials, in general, see the concepts of diversity and inclusion as very different. What are the implications for a company in terms of culture and innovation?
What will be an ideal response?
Feedback: A recent study by Deloitte and the Billie Jean King Leadership Initiative (BJKLI) shows that, in general, millennials see these two concepts through a vastly different lens. The organizations analyzed the responses of 3,726 individuals who came from a wide variety of backgrounds with representation across, gender, race/ethnicity, sexual orientation, national status, veteran status, disabilities, level within an organization, and tenure with an organization. The respondents were asked 62 questions about diversity and inclusion and the findings demonstrated a snapshot of shifting generational mindsets.
Millennials (born between 1977 to 1995) look upon diversity as the blending of different backgrounds, experiences, and perspectives within a team-which is known as "cognitive diversity." They use this word to describe the mix of unique traits that help to overcome challenges and attain business objectives. For Millennials, inclusion is the support for a collaborative environment and leadership at such an organization must be transparent, communicative, and engaging. According to the study, when defining diversity, Millennials are 35 percent more likely to focus on unique experiences, whereas 21 percent of non-Millennials are more likely to focus on representation.
The authors contend that the disconnect between the traditional definitions of diversity and inclusion and those of Millennials can create problems for businesses. For example, clashes may occur when managers do not permit Millennials to express themselves freely. The study found that while 86 percent of Millennials feel that differences of opinion allow teams to excel, only 59 percent believe that their leaders share this perspective. The study suggests that a company with an inclusive culture promotes innovation. It cites research by IBM and Morgan Stanley that shows that companies with high levels of innovation achieve the quickest growth in profits and that radical innovation outstrips incremental change by generating ten times more shareholder value.
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What will be an ideal response?
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