According to Harvard Business Review, a study of 1,069 leading firms across 35 countries and 24 industries shows that gender diversity relates to more productive companies, as measured by market value and revenue, only in contexts where gender diversity is viewed as “normatively” accepted. This study didn’t find evidence that firm performance led to diversity. In contrast, researchers found that diversity was a driver for success.
When people from different contexts work together perspectives leads to greater creativity. However, this concept doesn’t work without psychological safety. People only contribute unique ideas when they feel comfortable enough to speak up. Experimental studies also support this, showing that psychological safety is key.
When we don’t value women equally, they don’t feel psychologically safe. This means they aren’t speaking up and sharing innoviate ideas in their organizations.
In case you missed it, check out our founder or CEO, Stephen Scott’s piece: Is the Future of Finance Female?