Building the responsible platform
November 30, 2021
Learn how the democratization of tech via LCNC platforms is unleashing a new wave of creativity.
How are Inclusion, Diversity, & Equity uniquely defined in the Platform and Media space?
When it comes to finding success in becoming a truly inclusive and diverse Platform and Media company, we look across three dimensions of diversity: in-content diversity (characters, players, actors), creative diversity (producers, developers, authors) and corporate diversity (company executives).
Why should Inclusion, Diversity & Equity (ID&E) matter to my business?
The public expectations of your company have never been greater. Everyone that matters – investors, employees, consumers, global regulators, and governments – is putting pressure on companies to move beyond standalone Inclusion, Diversity & Equity (ID&E) initiatives. They want to see tangible outcomes and improvements. They want clear and open reporting and disclosure. And they want to see businesses walking their talk.
What benefits can companies expect from Inclusion, Diversity & Equity?
Our Better to Belong Research has shown that inclusive teams perform up to 30% better in high-diversity environments. Three-quarters of companies with diverse teams making decisions exceed their financial goals, and more gender-diverse organizations outperform their more homogeneous counterparts by, on average, 50%.
What can companies do to improve their ID&E performance?
There's no single prescription, or one-size-fits-all framework, for how to make real progress in ID&E. Every organization will need to develop a clear governance framework that aligns to its needs and the specific values and impact the organization wants to have in society. Focusing on retention and skills development, as well as creating more diverse networks and mentors for employees and leaders, along with making more leadership opportunities open to diverse workers. 3 key steps: intention in recruiting, understanding where you are in the ID&E journey and leveraging what diverse talent can bring.
What does successful governance look like to ensure ID&E?
A comprehensive and clear governance framework provides the impetus and energy to fuel an ID&E strategy for sustained success. This will allow companies to align their ID&E initiatives, programs, and/or policies. Ultimately, that means they will be able to embed ID&E throughout their organization - and reap the rewards of doing so.