Fractional Leadership: Bridging the Gap in Diversity and Inclusion (Steve Winkler)
From a purely capitalist standpoint, diversity in corporate leadership drives better financial performance. Don't take my word for it: McKinsey & Company analyzed the financial performance of companies with diverse leadership teams and found that companies in the top quartile for ethnically and racially diverse leadership teams were 35% more likely to outperform peer companies in profitability. As someone who has built and led diverse teams, I have experienced the benefits of people who come from different backgrounds, cultures, and educational backgrounds. I was fortunate to work in a business that valued and prioritized diversity. Not every leader is as lucky as me to have worked in an environment that is set up for success with the framework and principles of DE&I integrated into the culture. For some companies on the rise, or even scaled global enterprises, hiring a full-time Chief Diversity Officer might not be feasible. So, is there a way to achieve DE&I leadershi...