Capitalizing on Diversity & Cross-Cultural Teams

In a 2017 study, by McKinsey & Company, Delivering through Diversity, researchers found that companies in the top quarter for cultural diversity were 33% more likely to experience above-average profitability. Many companies, however, struggle with establishing a solid foundation to create the safety needed for employees to feel confident and comfortable to offer dissenting or divergent opinions and perspectives, as well as to offer employees the training and development needed to collaborate successfully. Too often, the potential for high performing, diverse teams is suppressed by competitive behavior, organizational policies, practices and structures that negatively affect engagement, and lack of cultural understanding and application in leadership styles that are often praised in domestic business culture. For those businesses and organizations who would really like to position themselves as industry leaders and yield the significant gains that highly diverse teams can offer, mastering cultural awareness and developing cultural competencies are key. You can start now for free by accessing the Erin Meyers cultural profile: https://erinmeyer.com/tools/