Entrepreneurship Tip #2: Building Diverse Teams
Include. Research shows that highlighting similarities rather than individual differences, contributes to feelings of inclusivity. Leaders should clearly communicate goals and responsibilities across the team to increase individual ownership. Long-term, this increases team pride and organizational effectiveness.
Celebrate. Diversity spans far past race and gender. Teams are filled with introverts and extroverts, poets and quants, big-picture thinkers and in-the-weeds executors. Broadcast individual wins and personality traits that add value to the broader team. Diverse teams thrive when they feel empowered.
Measure. Keep it simple. Improving, let alone overhauling, diversity hiring metrics may feel like an aggressive undertaking. Pick one key performance indicator (KPI) that is easy to measure and possible to achieve. Write down 6-month, 12-month, and 18-month goals and track them accordingly.
- “Diversity is the first step in creating innovative teams, inclusion is what unlocks the potential.” – Sonali Vijayavargiya
In the News
LARQ | This reusable bottle cleans itself and is on sale | Mashable (Use discount code “augment20” to get 20% off your LARQ Bottle.)
LLamasoft | LLamasoft to Host Tenth Annual LLamaCon Supply Chain Conference as a Virtual Event | Business Wire
Harvard Business Review: A VC’s Guide to Investing in Black Founders
BLCK VC: We Won’t Wait
Learn more here.