The Daily Read

5 steps for change ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

AN ARTICLE A DAY, PICKED BY OUR EDITORS

Brought to you by Liz Hilton Segel, chief client officer and managing partner, global industry practices, & Homayoun Hatami, managing partner, global client capabilities

Organizations have taken lots of steps in recent years to become more diverse, equitable and inclusive—and still, change has been slow. Companies have faced a number of common challenges including not setting up clear baselines for their DEI programs or clear mechanisms for measuring progress against goals. In a new article, McKinsey’s Jan Shelly Brown, Diana Ellsworth, Alex Katen-Narvell, and Dana Maor talk about ways to address these challenges. They lay out five steps that are critical for setting and achieving a strong internal DEI strategy that could help move the needle. Give it a read and understand what’s really needed to make meaningful progress.

It’s (past) time to get strategic about DEI

Companies have committed to being more diverse, inclusive, and equitable, but many struggle to make significant progress in these areas. Here’s how they can meet DEI ambitions—now and in the longer term.

5 steps for change

Quote of the day

“Understanding what is happening in the world is the foundation of being able to make bold moves. Ask yourself, what would happen to our company if this happens?”

—McKinsey senior partner Ida Kristensen on what companies looking to improve their resilience today can do in a recent episode of Inside the Strategy Room podcast

Chart of the day

Chart listing the economic-profit pools of the top 4,000 companies.

See today’s chart

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— Edited by Joyce Yoo, editor, New York

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