In an article written by Bain & Company, published in Harvard Business Review, a positive correlation was discovered between companies that successfully implemented DEI policies and practices and their enhanced capacity to adapt to change and foster innovation. This improved ability towards change was termed as their "Change Power." The organizations that had improved their change power, were then able to achieve the following benefits:
- More inspired employees
- Better financial performance
- Stronger culture and leadership
As a DEI data provider, Denominator empowers organizations in their diversity, equity, and inclusion (DEI) initiatives, commitments, and goals. By offering quantifiable and comprehensive data, Denominator supports organizations in understanding where they stand—and where they can go.
A recent article from Bain & Company identified five key steps that successful companies take to harness their “change power.” Across these steps, Denominator’s DEI data plays a valuable role in supporting the journey toward organizational adaptability and inclusivity.
1. Conducting Surveys and Assessments
Understanding where you stand is the first step toward change.
Bain & Company advises organizations to begin by conducting internal surveys or assessments to evaluate their changeability and DEI standing. These evaluations provide clarity on existing strengths and highlight areas for improvement.
How Denominator supports:
Denominator’s global DEI data offers external benchmarks at board, executive, company, and industry levels. This enables organizations to compare their DEI status with peers and identify gaps that can be addressed through targeted strategies.
2. Developing Actionable Steps
From insights to impact.
After assessing their current position, organizations can translate insights into specific, actionable strategies. This includes setting measurable goals, designing inclusive policies, and implementing change-focused initiatives.
How Denominator supports:
With a holistic data framework, Denominator provides insights that inform DEI goal setting, identify gaps, and support internal reporting. By aligning DEI efforts with broader change strategies, organizations can strengthen their commitment to sustainable progress.
3. Making DEI a Leadership Agenda
Inclusion starts at the top.
Successful organizations prioritize DEI at the leadership level. By openly addressing strengths and weaknesses compared to industry peers, companies can leverage DEI as a strategic asset for adaptability.
How Denominator supports:
Denominator’s data equips leaders with fact-based insights, empowering informed discussions and strategic decision-making at the top of the organization.
4. Building Diverse and Inclusive Teams
Better teams, better outcomes.
Companies are encouraged to prioritize diversity when forming teams. Diverse teams bring varied perspectives, reduce groupthink, and enhance decision-making.
How Denominator supports:
Denominator measures over 15 dimensions of diversity, offering a comprehensive view of organizational DEI performance. This wide-angle approach acts as a safeguard against DEI-washing by avoiding narrow or superficial metrics.
5. Leveraging Fresh Perspectives
Innovation thrives on inclusion.
Reaching out to diverse voices helps organizations unlock new thinking, accelerate innovation, and drive transformation. Bain & Company found that companies with diverse teams are five times more likely to innovate than less diverse ones.
How Denominator supports:
By offering access to DEI insights on more than 2.5 million companies across 195+ countries and 85+ sectors, Denominator provides organizations with the tools to understand, compare, and improve their DEI profile—ultimately boosting their change power.
Driving Change With Data
The link between effective DEI strategies and organizational adaptability is clear—and quantifiable. If your organization is looking to enhance its ability to adapt and innovate, DEI data can be a crucial part of that journey.
To learn more, contact us at
📧 info@denominator.one
