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

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

  • Downloads:7914
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-10-14 06:53:21
  • Update Date:2025-09-06
  • Status:finish
  • Author:Scott E Page
  • ISBN:0691191530
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

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? What if it can also improve the bottom line? It can。 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, makes a clear and compelling practical 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 results。 Drawing on research in economics, psychology, computer science, and many other fields, The Diversity Bonus also tells the stories of businesses and organizations that have tapped the power of diversity to solve complex problems。 The result changes the way we think about diversity at work--and far beyond。

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Reviews

Mike Lamar Williams

Scott Page's phenomenal book about bringing different minds together can lead to an organization's success。 Furthermore, Scott Page backed up his theories with factual information to bolster his case。 I personally appreciate Page writing this book because it only makes people in the workforce who are for DEI stand their ground with a brazen approach。 Scott Page's phenomenal book about bringing different minds together can lead to an organization's success。 Furthermore, Scott Page backed up his theories with factual information to bolster his case。 I personally appreciate Page writing this book because it only makes people in the workforce who are for DEI stand their ground with a brazen approach。 。。。more

Darko Meszaros

Excellent points being made, all backed up with empirical evidence! Worth a read by any means!

Darren Sapp

A bit dry and repetitive, but a solid primer on diversity beyond what we normally think of as diversity。

Eli Pollack

If, upon hearing the title, you are either turned on or turned off by this book, I strongly recommend you read introduction。 Both those that reacted favorably and unfavorably to the title are likely to be disappointed with the book, because their preconceptions will be undermined and, depending on how open minded you are, possibly destroyed。The book discusses when diversity helps businesses and when it doesn't help and can hurt。。。which is maybe a spoiler。 I would recommend the book to anyone in If, upon hearing the title, you are either turned on or turned off by this book, I strongly recommend you read introduction。 Both those that reacted favorably and unfavorably to the title are likely to be disappointed with the book, because their preconceptions will be undermined and, depending on how open minded you are, possibly destroyed。The book discusses when diversity helps businesses and when it doesn't help and can hurt。。。which is maybe a spoiler。 I would recommend the book to anyone in management who is dealing with issues related to diversity and has not yet found a clear, but simple discussion that helps them through the competing arguments。 。。。more

Sushanth Vasuki

Seminal book on effects of Diversity in Businesses in today's world。 It is interesting to see how Scott Page elucidates that need for diversity by talking about how it positively affects the bottom line of the company。 It is a clinical take down of Business folks who no not see value in Diversity。 Seminal book on effects of Diversity in Businesses in today's world。 It is interesting to see how Scott Page elucidates that need for diversity by talking about how it positively affects the bottom line of the company。 It is a clinical take down of Business folks who no not see value in Diversity。 。。。more

Cássia O'Neill

It was going well until the author mentioned that the Diversity Bonus doesn't apply that well in non-routine manual jobs。 I think this book is great for people that work in economics or research, but as for myself I found it too complicated and couldn't finish it because it was a bit boring and difficult。 I usually try hard to stick to the book even though I'm not enjoying as much but I just couldn't get myself to finish this one。 It was going well until the author mentioned that the Diversity Bonus doesn't apply that well in non-routine manual jobs。 I think this book is great for people that work in economics or research, but as for myself I found it too complicated and couldn't finish it because it was a bit boring and difficult。 I usually try hard to stick to the book even though I'm not enjoying as much but I just couldn't get myself to finish this one。 。。。more

Tony Balfour

Well worth a read for anyone who wants to understand and operationalise diversity。 A topic where a "little bit of knowledge is a dangerous thing"。 Some strong simple and actionable ideas, backed up by acres of research。Like most "business" books, it could be synthesised into 50 pages, but it's well written so the additional 200 pages aren't a burden to read。 Well worth a read for anyone who wants to understand and operationalise diversity。 A topic where a "little bit of knowledge is a dangerous thing"。 Some strong simple and actionable ideas, backed up by acres of research。Like most "business" books, it could be synthesised into 50 pages, but it's well written so the additional 200 pages aren't a burden to read。 。。。more

Gary Cohen

Although not a casual read, the author does a nice job of laying out a logical proof of why diverse teams perform better than non-diverse teams at certain tasks。 By understanding the reason why diverse teams perform best in certain tasks, one can form better teams for complex tasks like prediction, problem solving, and innovation。For those interested, the author presents the Diversity Prediction Theorem as a foundation of his claims。 He also discusses the concepts of diversity bonuses in an atte Although not a casual read, the author does a nice job of laying out a logical proof of why diverse teams perform better than non-diverse teams at certain tasks。 By understanding the reason why diverse teams perform best in certain tasks, one can form better teams for complex tasks like prediction, problem solving, and innovation。For those interested, the author presents the Diversity Prediction Theorem as a foundation of his claims。 He also discusses the concepts of diversity bonuses in an attempt to quantify why diverse teams perform better at these specific tasks。 。。。more

Steve Warnick

The concluding remarks alone are worth the read!

Danaja

Well reasoned discussion of one aspect of diversity 。 Clear, if somewhat dry delivery。

Derek

This book was a good read and covered this topic at a high level。 If you're into data and statistical psychology you'll probably want to read his other book on the topic which goes into great detail。 If you're a manager of a team this will be a good use of your time, even if you already "believe" in the premise of the title you will have arguments to support your hiring strategy even when it doesn't map with the typical "picture" of diversity that most people would consider to represent diverse This book was a good read and covered this topic at a high level。 If you're into data and statistical psychology you'll probably want to read his other book on the topic which goes into great detail。 If you're a manager of a team this will be a good use of your time, even if you already "believe" in the premise of the title you will have arguments to support your hiring strategy even when it doesn't map with the typical "picture" of diversity that most people would consider to represent diverse teams。 。。。more

Shellie Ware

Interesting data re: the impact of cognitive and identity diversity。 Book was very academic and sometimes difficult to read, as well as a bit longer than it needed to be。 Would recommend for organizational leaders who need to figure out how to put people together to get things done。

Brian Vargo

A lot of good ideas to think about。

Mehrsa

Fantastic book that is a must read for any leader in any institution。 The premise is that diverse groups (diversity is broadly defined) produce bonuses that homogenous groups cannot access。 For example, a diverse group will outperform a homogenous group even when that homogenous group has higher average scores or rankings than the diverse group。 Though the models and the math are in Page's first book, this book is more accessible to the non-academic。 I am still torn about having to justify diver Fantastic book that is a must read for any leader in any institution。 The premise is that diverse groups (diversity is broadly defined) produce bonuses that homogenous groups cannot access。 For example, a diverse group will outperform a homogenous group even when that homogenous group has higher average scores or rankings than the diverse group。 Though the models and the math are in Page's first book, this book is more accessible to the non-academic。 I am still torn about having to justify diversity on these grounds--or really, on any grounds--when it comes to inclusion efforts。 But that outside, it's nice to have this valid justification in your back pocket。 Also, because it applies to realms outside of just identity diversity。 。。。more

Pete Welter

Diversity。 The word often has very different connotations to different people。 Scott Page has shown, through both research and through logical arguments, that diverse groups have better outcomes when tackling hard problems。 Part of baggage that comes with the word "diversity" is that it's a very broad term。 Page spends significant time unpacking it into "cognitive diversity" and "identity diversity," discussing the difference and the overlap between those concepts, and how diversity in both of t Diversity。 The word often has very different connotations to different people。 Scott Page has shown, through both research and through logical arguments, that diverse groups have better outcomes when tackling hard problems。 Part of baggage that comes with the word "diversity" is that it's a very broad term。 Page spends significant time unpacking it into "cognitive diversity" and "identity diversity," discussing the difference and the overlap between those concepts, and how diversity in both of those dimensions plays out in real-world teams。The most refreshing thing about Page's work is that while "diversity" is most commonly seen, especially in business and education, and something we do because it's the "right thing," the truth is that it's also the better approach to solving many hard problems, especially those with a human component (that is, most of them)。 He discusses when diverse teams are most powerful, and also when diversity adds little to a group。 Often, attempts at diversity involved just putting people who look different onto a team and calling it "done。" Page examines why that is approach is not a recipe for success, and discusses the kinds of diversity and the expectations and culture around it that are required to make it work。 The short answer is: leveraging diversity takes continual hard work and attention。 However, the payoff is that diverse groups can come up with solutions that are often better than any homogeneous group - in fact those solutions would not be possible to arrive at without a diverse group。If you skeptical about diversity, and have experienced it as shallow feel-good exercise, I'd encourage you to check out "The Diversity Bonus" with an open mind。 In Page's work, you'll find the deeper "whys" and a frank discussion of the tradeoffs。 I've always had a problem with doing things "just because," and undestanding the deeper logic and reasoning behind diversity's effectiveness has made me build a much stronger mental model of how all the parts and pieces of the approach fit together。It's been a number of years since I read Page's "The Difference。" "The Diversity Bonus" seems like the result of Page taking his work from "The Difference" and presenting it over a period of ten years to many different people。 Where "The Difference" builds the case behind the core logic behind why diverse groups are more effective, this book discusses that work in a more accessible form。 (not that you can't get back to original sources, because the book contains liberal footnotes and references)。 Personally, because I'm a bit more technically minded, I preferred "The Difference," but both books present full discussions on Page's work。 。。。more

Riccardo

Nice development of Page's previous work。 Alas it could have been much shorter。 Very nice final commentary adding new ideas on how diversity might work。 Nice development of Page's previous work。 Alas it could have been much shorter。 Very nice final commentary adding new ideas on how diversity might work。 。。。more

Darren

This is an interesting book, advocating the creation of great, diverse teams that can yield great results in the modern-day knowledge economy。 Diversity, in this context, is a lot more than ensuring a mix of ethnicities and cultures and treating everybody equal。 That should be a given。The author believes that getting a diverse mix within the workforce can give many benefits, both to individual companies and society-at-large。 The so-called ‘Diversity Bonus’ is a term of the author which, he argue This is an interesting book, advocating the creation of great, diverse teams that can yield great results in the modern-day knowledge economy。 Diversity, in this context, is a lot more than ensuring a mix of ethnicities and cultures and treating everybody equal。 That should be a given。The author believes that getting a diverse mix within the workforce can give many benefits, both to individual companies and society-at-large。 The so-called ‘Diversity Bonus’ is a term of the author which, he argues, comes about by using diverse teams to look at often-complex tasks that can solve problems, innovate and impact positively on results。 All of this is due to the different way that people process information, challenges and experiences and output this within their work。 A group of diverse people, therefore, may have a greater hive mind than a homogenous group of equals。This should not be written off as some wishy-washy liberal thinking。 The author digs into many scientific disciplines such as psychology, economics and computer science to formulate these views, backed up with his own real-world experience and research。 It is a credible compilation of thoughts that sound obvious, when you consider it, but sometimes the obvious things can be overlooked, whether inadvertently or by design。 It can be time for change and a book like this can either light the fuse for action or help validate and guide your work-so-far。The result changes the way we think about diversity in the workplace—and far beyond it。 A business case can be made for this change and this can be essential as seemingly everything must be justified today, as if just doing the right thing wasn’t enough on its own。Unfortunately, the book feels to be a bit of a ‘slow burner’, requiring more attention and focus to what is an important subject。 It was a little inaccessible and proved to be a bit too easy to dip out of – and this is a big risk when you are trying to advocate a possibly radical course of action。 If you can persevere you may be rewarded, as the subject is worth it。 A more direct approach to writing would have been more suitable and it need not have watered down the book’s content, authority or purpose。 。。。more

Kathy Cowie

To be reviewed in the November-December issue of Global Business and Organizational Excellence