Understanding diversity and cultural differences is a key feature of good leadership in today’s global business, according to a report by the Association of Chartered Certified Accountants (ACCA) and Economic and Social Research Council (ESRC).
The report, Driving business performance through diversity, comes on the back of a roundtable organised by the ACCA and ESRC and featured chief executives, entrepreneurs, academics, HR directors and heads of diversity from organisations such as KPMG, Credit Suisse, the Equality and Human Rights Commission, Henkel China and Max India Foundation.
ACCA said the group of panellists described diversity as “not just an ethical or moral imperative, but one that can drive performance and innovation through the positive management of different perspectives.”
ESRC chief executive and chair of the Delhi panel Paul Boyle said organisations seeking to “harness the creativity and innovation that can result from greater diversity need to adopt a broad mindset that encourages and accommodates a range of perspectives, fresh thinking and autonomy”.
Panellists also spoke about the importance of chief executives and other leaders having their hearts and minds open to accepting differences, such as different cultural perspectives, if they are to keep up with the realities of global business today.