More Evidence That Company Diversity Leads To Better Profits - Forbes

That a company with more diverse representation in senior management will likely achieve greater profits is not breaking news. Those realities came to light in a 2015reportfrom McKinsey & Company, and inanother, a year later, from the Peterson Institute for International Economics. Compounding these findings is another report from McKinsey, a management consulting firm, titled "Delivering Through Diversity," released last week, which shows that gender diversity in management positions actually increases profitability more than previously thought.

Question:

As a young consultant, McKinsey & Company has hired you to work with one of their new clients, E&A Enterprise. The company have GENDER DIVERSITY challenges and wants you to help them to:

a.BUILD TALENT TO BRIDGE THE LACK OF GENDER DIVERSITY GAP

b.DEFINE AND SHAPE ROLES

c.HELP THEM FIND THE RIGHT PEOPLE

d.MEASURE AND REWARD PERFORMANCE

e.PLAN FOR SUCCESSION

In meeting the above requirement as a consultant:

a.Make sure to develop successors and talent pool of gender diversity in management positions.

b.Onboard plan of employees to new management roles.

c.Establish way of improving interviewing processes.

d.Ensure that effective processes are in place to evaluate people's capabilities.

e.Establish effective reward systems

f.Hold other top-management accountable for institutionalizing your plan.