E105: Generating Value Through DEIBH
For years we’ve known that Diversity, Equity & Inclusion (DEI) were necessary values to embrace if we wanted our organizations to thrive. Recently, belonging—the sense of being seen, heard, and valued—was added. But we will never be entirely successful in building a culture of belonging without also addressing Healing: the antidote to trauma that creates lasting freedom and resilience. DEIBH is the new acrostic.
DEIBH is generative in every sense of the word. We know that a culture of inclusion and belonging is good for business, that it creates value. Fully embracing the values of DEIBH, with the critical addition of healing, delivers three-fold value. Employees know that they belong, that they are valued as individuals, and that their work and contributions are of value. Happy contributing people translates into loyal customers satisfied by the value of the goods and services you provide. With these two in place, the value of the business as a whole will grow and thrive. In 2020, the consulting firm McKinsey & Company released a report on the business benefits of DEI. They found that companies in the top quartile for ethnic and racial diversity in management were 35% more likely to have financial returns above their industry mean.
Podcast (ks_dd): Play in new window | Download (Duration: 11:24 — 20.9MB) | Embed
Subscribe: Apple Podcasts | Email | RSS