2:55-3:30pm EDT DEI Initiatives that Fuel Strategic Growth
When thinking about the role of people to your organization, your role as a leader requires you to think beyond your impact on just shareholders and employees. When Milton Friedman popularized the primacy of shareholders, leaders of large corporations widely accepted their role as one of maximizing profitability, and subsequent returns to those equity holders. While profitable growth is always a goal of large business, stakeholder capitalism provides a broader view of a business that includes both the communities businesses operate within and their customers. For large corporations, this means that issues of inclusion and diversity cannot be separated from material risk and strategic growth. Supplier diversity is a strategic business program that extends DE&I to vendors and suppliers, helping buyers qualify for government and corporate contract opportunities while also driving business to small and underrepresented businesses.
In this session, you will learn:
- Strategies to articulate the strategic importance of diversity and inclusion issues
- How to eliminate barriers to entry for vendors and suppliers from underrepresented communities into corporate supply chains
- Approaches to create rigorous accountabilities for change initiatives