Diversity Creates a Competitive Edge

From L to R  McCall Credle-Rosenthal, Lois Brezinski, Nikki Korval, Marty Harris, Sheila Cormier, Veronica Betancourtm Darcey McNiff-THompson at the Florida Business Women Council’s “Shining Stars” Awards Gala - June 2, 2018

Today, more companies are realizing that making the commitment to partner with gender and ethnically diverse suppliers is not only socially responsible, but it also helps those companies jump ahead of their competition. According to research by the Hackett Group, companies generate 130% more revenue by using diverse suppliers from minority-owned businesses.

The McKinsey & Company report, Diversity Matters, looked at financial results composing of top management and boards to conclude “…companies in the top quartile for racial and ethnic diversity are 35% more likely to have financial returns above national industry medians and 15% more for gender diversity.” The report also states, “The unequal performance of companies in the same industry and the same country implies that diversity is a competitive differentiator shifting market share toward more diverse companies.”

If you’re not sure where to start to be more diversified and want to learn more, consider going beyond the boardroom by joining an outreach group to help women and minorities through mentoring programs and internships. Another option is to volunteer on a community board to help minorities and encourage your employees to do the same. At SEP Communications, Marty Harris – President, is on the board of advisors for the Florida Business Women’s Council whose mission is to create an environment that provides women with resources and support to expand and reinvent careers, focus priorities and to turn new challenges into great opportunities plus, help women grow in all aspects of their professional and personal lives. SEP Communication is certified by the State of Florida, The NGLCC and WBENC – Women’s Business Enterprise National Council and she will be attending the WBENC National Conference this month in Detroit.

SEP Communications loves diversity and we are proud of our certifications. We look forward to working with you and helping you learn more about us and what we do because most of all we want to help you succeed, grow and thrive in a diverse business community.