00623210

Economy & Business Environment Blog

Feb
16
2017

Want More Innovation? Up Your Diversity and Inclusion Game

To achieve true digital transformation, organizations need to be open and inclusive to tap knowledge and ideas that reside both internally and externally in other companies and institutions. Partnerships, especially nontraditional ones, and collaboration are the basic elements of successful innovation.

In its report Inclusion + Innovation: Leveraging Diversity of Thought to Generate Business Growth, The Conference Board found that the most innovative companies in its survey—those with a self-reported track record of continual organization-wide innovation—were more than twice as likely to describe their company as highly inclusive as those with sporadic innovation in some business units. The findings also show that consistently innovative companies are significantly more likely than inconsistent innovators to be extremely effective at encouraging external innovation networks.

Exhibit-17

 

This blog post is the fourth of four installments in the series, The Future of Digital Transformation and Innovation. Want more insight into how successful companies are embracing digital transformation? Discover the very latest research and advice from experts and leaders in the new report, Beyond Technology: Building a New Organizational Culture to Succeed in an Era of Digital Transformation.

 



You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Join the discussion


Fields marked with an * are required.

The Key Business Issues You Should Be Thinking About Now

CEO Challenge® 2015

The Conference Board CEO Challenge® 2015 reveals CEOs’ most pressing business challenges and strategies to mitigate them.

Learn more

Read the 2014 report

Economy & Business Environment Practice

As you face information overload and fast-changing business conditions, we help you make sense of the most relevant economic data to support your decision-making.

Learn more