How your board can think better: unlocking cognitive diversity
We – all of us – gravitate towards people who act and think like us. We can't help it. In the workplace, this universal human trait means we miss out on important perspectives, untapped opportunities and creative solutions. Crucially, this is felt most significantly in the boardroom.
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We – all of us – gravitate towards people who act and think like us. We can't help it. In the workplace, this universal human trait means we miss out on important perspectives, untapped opportunities and creative solutions. Crucially, this is felt most significantly in the boardroom.
Diversity and inclusion has moved further up the business agenda in the last 18 months but organisations often overlook cognitive diversity. And yet the inclusion of people with different viewpoints and approaches to tasks or problems has a significant business impact. A recent Deloitte report found that cognitively and demographically diverse teams enhance innovation by 20% and identify/reduce risks by up to 30%.
Does your board really offer different perspectives? Are you surrounded by people who always agree or come up with the same solutions? Is this think-alike culture trickling down through the organisation? Are you on course to realise your company's full potential? All organisations benefit from fresh ideas and a dose of different thinking.
Management Today editor Kate Magee hosts this webinar, in partnership with Scottish Widows, to explore cognitive diversity and how diversity of thought helps business growth and organisational culture. You'll hear findings of an important new research study, plus the perspectives of business leaders and cognitive diversity experts and, crucially, you’ll discover tips on how you can achieve it for your organisation.
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Amanda Mackenzie is the chief executive of Business in the Community - The Prince's Responsible Business Network - which aims to create healthy communities with successful business at their heart. Previously, Amanda was a member of Aviva's Group Executive for over 8 years as CMO and joined Aviva to change its name from Norwich Union. Amanda has over 25 years of commercial experience, including director roles at British Airways Airmiles, BT and British Gas. She is a non-executive director of Lloyds Banking Group, chairing the responsible business committee. Formerly, she was a non-executive director of Mothercare Plc. and sat on the audit committee for 6 years. She was on the board of the National Youth Orchestra for 10 years and was a member of Lord Davies’ review to increase the number of women on boards. Amanda is a Life Fellow of the RSA and Fellow and former President of the Marketing Society. Prior to her current role Amanda, on loan from Aviva, helped launch the UN’s Global Goals as executive advisor to Project Everyone – a Richard Curtis co-founded campaign for the UN.
Dr Johanne Grosvold is an associate professor of corporate governance and corporate social responsibility at the School of Management, University of Bath. She is the Deputy Director for the Centre for Business Organisations and Society (CBOS) the largest research centre in the School of Management. Her research sits at the intersection of corporate governance and social and environmental management. She has a particular focus and interest in corporate boards and has worked in the field for over 15 years. Prior to her academic career she worked in investment banking and investor relations.
Lauren is a Responsible Investment Manager at Scottish Widows where she works on stewardship and ESG integration. She also sits on the NextGen – Pensions, Research & Insights sub-committee, whose purpose is to increase diversity of thought in the pension industry. Prior to Scottish Widows, Lauren worked at the Responsible Investment NGO ShareAction where she led engagement with the pension industry on climate change and other environmental and social factors.