[Unity & Inclusion Summit LA] Building Impactful Workplaces | Summary and Q&A

TL;DR

Diversity is crucial for building high-performance teams that can effectively solve problems and innovate.

Key Insights

• 🐎 Diversity encompasses ethnicity, race, sexual orientation, experiences, socio-economic backgrounds, and more.
• 🪡 Diversity is crucial for empathy with customers and understanding their needs.
• 😤 Building a diverse team takes time, but companies should start early and create entry-level pipelines to attract diverse talent.
• ❓ Companies must define diversity and have an intentional focus to address specific diversity issues.
• 😣 Entrepreneurs should persevere through challenges and focus on their passion to build successful companies.
• 😶‍🌫️ The cloud and new technologies have democratized access to funding and resources for startups.
• 💗 Blockchain is still a growing area, and its impact on funding and investment is yet to be fully understood.

Transcript

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Questions & Answers

Q: What role does diversity play in building high-performance teams?

Diversity is critical in bringing together different perspectives, backgrounds, and experiences, enabling teams to come up with innovative solutions that a homogenous group may not have considered.

Q: How can companies prioritize diversity in their workforce?

Companies should invest in platforms that focus on solving diversity issues, actively support and provide resources for minority employees, and cultivate a diverse pipeline of applicants.

Q: What advice would you give corporate leaders to change their mindset towards diversity?

Corporate leaders should invest in diversity-focused platforms and organizations, look inward at their own company to ensure support and resources are given to minority employees, and have intentional conversations about the specific diversity issues they want to address.

Q: How can companies maintain high performance and remain relevant in a rapidly changing business landscape?

Building a diverse workforce ensures that companies have a range of perspectives and experiences to tackle any challenges that may arise, enabling them to remain innovative and agile.

Summary & Key Takeaways

• Building high-performance teams is challenging but vital for solving complex problems and achieving success.

• Diversity, including different perspectives, backgrounds, and experiences, plays a crucial role in building effective teams.

• Companies with a diverse workforce have a competitive advantage and are better able to solve problems and innovate.