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The Diversity Bonus: How Great Teams Pay Off in the Knowledge Economy

The Diversity Bonus: How Great Teams Pay Off in the Knowledge Economy Hardback - 2017

by Scott E. Page

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From the publisher

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.

From the rear cover

"If you want your business or team to perform better, read this book. With compelling evidence, examples, and writing, Scott Page makes the business case for drawing out diverse perspectives, and shows you exactly how to do it. A clear road map for every team and leader."--Laszlo Bock, former SVP of People Operations at Google and author of the New York Times bestseller Work Rules!

"Scott Page's research is a breakthrough in the business case for diversity and inclusion. The Diversity Bonus should be required reading for leaders who want to unlock the full potential and performance of their teams. It has profound implications for the future of work and talent management."--Matt Breitfelder, Chief Talent Officer, BlackRock

"An excellent book that combines convincing stories and persuasive arguments about the benefits of diversity."--Simon A. Levin, Princeton University

"It can be hard to persuade hiring managers and project and team leaders to move beyond the assumption that you get the best results by gathering a group of experts with similar skills and education. The Diversity Bonus is a scientific yet engaging look at why diverse teams always beat homogeneous teams comprised of the 'best' players."--Troy McIntosh, Senior Director, U.S. Cellular Corporation

"Scott Page challenges leaders and companies to follow the math--and do the right thing. Simply put, he shows that diverse perspectives are most valuable when addressing issues with both complexity and uncertainty. The goal is to create an inclusive culture and employee experiences that facilitate the ability to embrace and leverage each other's talents and differences."--Brian J. Miller, Vice President of Learning, Development & Inclusion, Gilead Sciences, Inc.

"Combining rigorous economic theory with artful policy analysis, Scott Page explains why the goal of achieving greater diversity in business, government, and other organizations needs to be pursued with determination. Devoid of political cant and platitudes, this book is teeming with unexpected insights. A must-read for anyone who wishes to engage in intelligent discussion about diversity and inclusion today."--Glenn Loury, Brown University

About the author

Scott E. Page is the Leonid Hurwicz Collegiate Professor of Complex Systems, Political Science, and Economics at the University of Michigan and an external faculty member of the Santa Fe Institute. The recipient of a Guggenheim Fellowship and a member of the American Academy of Arts and Sciences, he is the author of The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies and Diversity and Complexity (both Princeton). He has been a featured speaker at Davos as well as at organizations such as Google, Bloomberg, BlackRock, Boeing, and NASA.

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