People must work harder to communicate their own thinking, and they need to broaden their own views to consider unexpected perspectives of others. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. What are some of the ways that diversity and inclusion drive results? My books, The Six Fundamentals of Success, Cut to the Chase, and The Leader in You (co-author) are international bestsellers. We. More Reports. And industries that most consider ma… Media & Marketing Executive Innovation-based growth is a process of creative destruction, reflecting market entry and exit of young firms, and the creation of new product lines and closing down of old ones by large firms. “Diversity jolts us into cognitive action in ways that homogeneity simply does not”, wrote Columbia Business School Professor, Katherine Phillips as she described hers and other research for Scientific American in “How Diversity Makes Us Smarter”. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Consistent growth requires a commitment to strategy, innovation, and marketing and sales excellence. How Diversity Drives Innovation: A Compendium of Best Practices . Since then, the restaurant chain has had a string of successes. However, the predictions of these models are difficult to test directly, mainly because of the scarcity of directly observable measures of technological innovation. Simply put, innovation can lead to higher productivity, meaning that the same input generates a greater output. There is ample evidence that gender diversity drives results. “Diverse and inclusive cultures are providing companies with a competitive edge over their peers.” This quote summarizes conclusions from The Wall Street Journal’s first corporate ranking that examined diversity and inclusion among S&P 500 companies. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Jesse Maida Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Opinions expressed by Forbes Contributors are their own. Managers and teams having a mix of inherent and acquired forms of diversity appear to be most productive of all. Leadership rewards agility, risk taking, and an action orientation. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. With such benefits from gender diversity, one wonders why 77% of S&P500 company boards are more than two-thirds male, and only 2% have more than 50% women members. Differences among team members force each person to anticipate that there will be alternative and unexpected viewpoints to consider and evaluate. Credit Suisse Research Institute found that companies with one or more women board members had higher average ROI and better average growth than companies with male only boards. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. This strategic imperative requires commitment from the top. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. In addition, they understand that creating and maintaining a welcoming and inclusive culture makes talented people want to join and stay. Buy 2 Technavio reports and get the third for free. Disrupt Bias, Drive Value: A New Path Toward Diverse, Engaged, and Fulfilled Talent. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Diversity further enables nonlinear novel thinking and adaptability that … This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Innovation, Diversity and Market Growth. Technavio has announced its latest market research report titled Global Homeware Market 2020-2024 (Graphic: Business Wire). You may opt-out by. You cannot recruit a diverse workforce without having a healthy culture that attracts talent. HBR reported that diverse companies enjoyed better overall financial performance. I was the first non-family CEO of Dale Carnegie & Associates, Inc. and a member of the New York State Assembly. Diverse teams become better prepared for decision-making and accomplishing the task at hand. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. Email: media@technavio.com Download a Free Sample Report on COVID-19 Impacts. The homeware market report covers the following areas: This study identifies an increase in the availability of private-label brands as one of the prime reasons driving the homeware market growth during the next few years. I cover leadership practices that drive sustainable business results. Technavio is a leading global technology research and advisory company. I’m chairman and CEO of Stuart Levine & Associates LLC, an international strategic planning/leadership development firm and EduLeader LLC, a digital learning company. All Rights Reserved, This is a BETA experience. Register for a free trial today and gain instant access to 17,000+ market research reports. A diverse workforce and welcoming, inclusive cultures are front of mind for most boards, as the PwC data show. Each employee knows that their voice will be heard, and that they are a valued part of the team. Models of endogenous growth have rich testable predictions about both aggregate quantities and the cross-section of firms, linking improvements in the technology frontier to resource reallocation and subsequent economic growth.
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