About Diversity, Equity and Inclusion –
Remember that a king exists because of his people seeing him as a king. With no faith in his people, he is just a simple man. For any business, the success mantra is the same; the money comes from the product's value.
If the product is worth a chance, people will go for it, which will bring in more cash. This success mantra is based upon three fundamental ideas: Diversity, Equity, and Inclusion (DEI).
What is it??
DEI expands to Diversity, Equity, and Inclusion. Whenever you want to work with other minds, you will need a stronghold of these fundamentals. Let's study each one of them briefly:
It means to understand and respect the idea of differences. All the five fingers in our hands are different, and they are so for a reason. The same goes for people. Differences result in uniqueness to your vision.
Equity means focusing on everyone's individualistic needs. Since we have established diversity, different people have different needs, experiences, and opportunities, and equity asks us to acknowledge all of them.
When you build a diverse workplace, you need to make sure that you understand how to make them feel valued for their service to the organization or the project itself.
Why do you need these for your business?
You can end up putting tons of capital on marketing and sales. But if your product is redundant or is not solving a problem, you won't have any luck going big! It would be premier if you had the basic idea that you have the same number of hours as a multi-billionaire has.
But how do they earn way more than you do? The secret is that each one of them works for more than 24 hours a day. With the knowledge of DEI, you can go forward with quality employees in your company.
Diversity will help bring people with different opinions together, equity will give them a reason to work together, and inclusion will ensure that their interest is being foreseen. If you hire five people doing 8 hours of practical work for you, you get 40 hours of their time doing your job, working on your project (your idea). Look, it's simple math.
This simple yet brilliant idea keeps the companies running. Here I am going to name four successful companies that follow the idea of DEI:
Alibaba Group: You must know that it is one of the biggest e-commerce companies in the world. They have diverse and inclusive company culture when creating specific programs and maximizing revenue; they focus on gender equality. Jack Ma describes women as the Secret Sauce behind Alibaba's dominance in the online shopping industry.
Accenture: The global consulting and professional services from Accenture have partnered with over 120 countries across some 40 plus industries, and the core of the achievement is diversity in the workplace.
L'Oréal: This is a Forbes top multinational performer company with its presence in 130 countries. They say that respect for multicultural diversity is at the core of its company's success.
Lenovo: With over 57,000 employees in over 60 countries, the world's largest PC vendor has built its empire with a strong belief in diversity. The CFO said that serving global customers' needs more out-of-the-box thinking because it's not just one box.
These companies give you a clear perspective on the importance of diverse and inclusive company culture. Your customers are humans, and so are your employees. To give customers value, you need to provide value to your employees, too, in the first place.
How to keep the fundamentals intact?
Now, you see, once you start understanding the bits of a happy, excited, fearless, productive & fulfilled workplace, you can skyrocket your company with your vision. Without efficient employees who have faith in your idea, you won't be able to take your business to the global level. Since we have established our roots of DEI on the business grounds, let us take a look at how can these ideas be cast on the building blocks of your company:
Building a healthier and dynamic environment
Nobody would be productive enough when they don't respect the organization's ideals. You can only have quality customers when you have quality employees as they manufacture the product. With the idea of inclusion and equity, you can put an eye on a healthy and engaging environment where people of each hierarchy level would be comfortable to access others.
The result is boosted productivity!
Sustainable communities foster a sense of belonging at work.
Underneath the current economic crisis, another crisis is hitting a far more significant proportion: the decrease in community companies, which means that people's sense of belonging and caring for something larger than themselves is burning out. They won't produce great products unless they are made to feel that they are a significant part of the change.
Sport and Recreation
When you have a critical project to be submitted to a client, and people work meticulously to get it done, you need to think of ways to cool the air of pressure inside the room as stress decreases productivity. One subtle way is to include sports and recreation into their itinerary. In this way, people of diverse backgrounds get together for a common purpose and build a stronger connection with other people, thus making an effective team.
"Humility is the surest sign of strength," Thomas Merton's quote lets you know that with employees working for the community and helping others, they build a strong emotional character within themselves, which is essential for effective execution of ideas. Each fragment of DEI is ensured with this move!
Remember, you buy your employee's expertise to get closer to the vision. The question is, why would anyone work for you anyway? It's because they couldn't have got that amount of work if they could have worked individually.
Plus, with the idea of equity, you provide exposure, resulting from a diverse workplace and expansion, resulting from an inclusive workspace. See, everything relates to the other.
At the end of the hour, we are just people. We are meant to fall, but the question is who gets back up. Who sees what cannot be seen? Are you one of those seekers?
Always keep in mind, "If you want to go fast, you walk alone, but if you wish to go far, you walk together!"