Culturedation: Importance of Diversity for your Company Culture

A company culture that practices diversity embraces people from a variety of wide-ranging backgrounds, experiences and beliefs at the workplace.

This includes a diversity of various aspects, such as (non-exhaustive):

  • Ability
  • Age
  • Ethnicity
  • Gender

Why is diversity important for your company culture?

Here are 3 key reasons why diversity is important for your company culture, using the BIG acronym:

  • Belonging
  • Innovation
  • Growth

1. Belonging

By practicing diversity, the sense of belonging can be fostered among your people in your company.

Your people feel accepted and valued, despite their differences. The differences are not just respected, but welcomed and celebrated as part of your company's diversity.

With this, not only are your people motivated and dedicated to work well, but to also work well together collectively, recognising each other's unique added value.

2. Innovation

Diversity drives better innovation from the generation of more ideas, viewpoints and perspectives for better and more creative problem-solving for your company.

This is a result from a more holistic and comprehensive decision-making process, leveraging the diverse contribution and insights from each other.

Blind spots such as overlooked considerations, biases and assumptions from an otherwise homogeneous and groupthink decision-making process is mitigated with diversity.

3. Growth

Diversity opens up more fresh opportunities and possibilities for your company's growth.

Growth here is achieved by being better equipped to understand, attract and connect with a more diverse pool of stakeholders, enhancing your reach and engagement to:

  • Wider pool of talents
  • Wider pool of customers
  • Wider pool of strategic partners

This can be your competitive advantage, positioning you to effectively serve them better, especially within the untapped and overlooked markets.

Concluding remarks

The "BIG" importance of diversity for your company culture cannot be stressed enough, being a business necessity and certainly not just a buzzword 'checklist'.

By truly championing diversity, your company is all set to continuously nurture belonging, drive innovation and propel growth towards new heights ahead.

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Culturedation specialises in Company Culture Advisory and Trainings, helping you improve your Company Culture for your Business.

Feel free to browse our Guides section for more useful company culture resources.

Keen to discover how you can unlock your business and people's potential with your company culture?

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And let's start your journey together.