If diverse teams are smarter, why do most organizations only put one person in charge, and then continue to replace that person with another individual ‘leader’?
“In a nutshell, enriching your employee pool with representatives of different genders, races, and nationalities is key for boosting your company’s joint intellectual potential. Creating a more diverse workplace will help to keep your team members’ biases in check and make them question their assumptions. At the same time, we need to make sure the organization has inclusive practices so that everyone feels they can be heard. All of this can make your teams smarter and, ultimately, make your organization more successful, whatever your goals.” – HBR 2016-11-04
Should not leadership be diverse as well? Richemont, which owns Cartier, Chloé, and Montblanc, among other luxury brands got rid of its CEO and now each branch reports directly to the board of directors. It removed a bottleneck of information flow and diversified the perspectives and knowledge the board now receives.
“As for going without a CEO, chairman Johann Rupert said that “one individual cannot be held responsible, it’s unfair.” Richemont runs nearly 20 separate maisons, and the group generated revenue of around $12 billion in its latest fiscal year. That’s big, but not nearly as big as other multinationals that give their CEOs great power (and paychecks) to steer company strategy.” – Quartz 2016-11-04