How diversity makes teams more innovative

How diversity makes teams more innovative

1. Rocío Lorenzo's study reveals a definitive link between diversity and innovation in organizations

   • Companies with diverse leadership are more innovative, and vice versa, suggesting a reciprocal relationship
     • Our data shown that for gender diversity to have an impact:
       • They need to have 20% women in leadership
         • Despite a growing pool of educated and experienced women, leadership roles have not increased proportionally, indicating a failure to translate education into leadership
           • Overcoming this requires conscious decisions in hiring, development, and promotion, rather than relying solely on women's programs
     • dvocates for embracing diversity to foster innovation and provide opportunities for all
   • To measure diversity:
     • Gender
     • Nationality
     • Career
     • Industry
     • Age
     • Education
   • They asked the company 2 things:
     • How innovative they are
     • How diverse they are

2. Innovation revenue

   • Share of revenue from new product or services in the last 3 years