Failure of leaders to recognize, attend to, and honor diversity can hinder innovation because Employees are less likely to openly share ideas.
We found that the vast majority of businesses fall short of realizing their full potential for innovation after surveying 1,800 men and women in white-collar jobs at companies with 50 or more people and speaking with dozens of Fortune 500 executives, team leaders, and employees.
Either CEOs lack the ability to recognize the value in ideas from people who think differently than they do, or they fail to foster the kind of culture that would allow for the development of concepts capable of capturing the markets with the greatest growth rates.
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