In the summer of 2021 we wrote an article for HBR titled “How Good Is Your Company at Change?” In it, we proposed a new way for organizations to measure, quantify, and build their ability to change. We called this their “change power,” and we noted that companies with high change power had better financial performance, stronger culture and leadership, and more engaged and inspired employees.
How Investing in DEI Helps Companies Become More Adaptable
A survey of 79 firms found that inclusion and adaptability are closely linked.
May 05, 2023
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Summary.
When companies successfully implement DEI policies and practices, the authors of this article have discovered, they also improve their ability to change. That outcome can be enormously valuable, because with an improved ability to change comes better financial performance, stronger culture and leadership, and more engaged and inspired employees. In this article, the authors examine three important ways in which DEI efforts can boost what they call a company’s “change power,” and they make the case that executives need to pay more attention to these correlations.
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New!
HBR Learning
HBR Learning
Diversity, Inclusion, and Belonging Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Diversity, Inclusion, and Belonging. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
How to build a better, more just workplace.