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The Diversity Bonus : How Great Teams Pay Off in the Knowledge Economy - Scott E. Page

The Diversity Bonus

How Great Teams Pay Off in the Knowledge Economy

By: Scott E. Page, Earl Lewis (Editor, Introduction by), Nancy Cantor (Editor, Introduction by)


Published: 19th September 2017
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Published: 8th September 2017
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How businesses and other organizations can improve their performance by tapping the power of differences in how people think. What if workforce diversity is more than simply the right thing to do in order to make society more integrated and just? What if diversity can also improve the bottom line of businesses and other organizations facing complex challenges in the knowledge economy? It can. And The Diversity Bonus shows how and why.     Scott Page, a leading thinker, writer, and speaker whose ideas and advice are sought after by corporations, nonprofits, universities, and governments around the world, makes a clear and compellingly pragmatic case for diversity and inclusion. He presents overwhelming evidence that teams that include different kinds of thinkers outperform homogenous groups on complex tasks, producing what he calls 'diversity bonuses.'? These bonuses include improved problem solving, increased innovation, and more accurate predictions - all of which lead to better performance and results.    Page shows that various types of cognitive diversity - differences in how people perceive, encode, analyze, and organize the same information and experiences - are linked to better outcomes. He then describes how these cognitive differences are influenced by other kinds of diversity, including racial and gender differences - in other words, identity diversity. Identity diversity, therefore, can also produce bonuses.     Drawing on research in economics, psychology, computer science, and many other fields, The Diversity Bonus also tells the stories of people and organizations that have tapped the power of diversity to solve complex problems. And the book includes a challenging response from Katherine Phillips of the Columbia Business School.    The result changes the way we think about diversity in the workplace - and far beyond it.

"Scott Page's model of diversity--less a glorious rainbow of superficial attributes, more a toolkit crammed with different skills and perspectives--is a powerful way to appreciate the problem with homogeneity."--Tim Harford, Financial Times "Scott Page . . . makes a very pragmatic, even clinical, case for diversity. He presents evidence on how 'cognitive diversity'--people perceiving, analysing and solving problems in different ways--can benefit the bottom line of any organization."--Nature Astronomy "This very clear and compelling book will help people consider specifically what shape their challenges and problems take and what kind of diversity will help address them."--Diane Coyle, The Enlightened Economist "The evidence is well presented by Page, who reiterates with his convincing analysis the importance of genuine inclusion."--Hashi Mohamed, Prospect

Introduction xiEarl Lewis and Nancy CantorPrologue The Contrary Assumption 11 Diversity Bonuses: The Idea 132 Cognitive Repertoires 523 Diversity Bonuses: The Logic 684 Identity Diversity 1335 The Empirical Evidence 1626 Diversity Bonuses and the Business Case 1847 Practice: D&T + D&I 209Commentary What Is the Real Value of Diversity in Organizations?Questioning Our Assumptions 223Katherine W. PhillipsAppendix: The Diversity Prediction Theorem 247Notes 251Bibliography 271Index 287

ISBN: 9780691176888
ISBN-10: 0691176884
Series: Our Compelling Interests
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 328
Published: 19th September 2017
Publisher: Princeton University Press
Country of Publication: US
Dimensions (cm): 23.8 x 16.1  x 2.6
Weight (kg): 0.53
Edition Number: 1