Meaning ● Emergent Diversity Premium, within the context of SMB growth, automation, and implementation, refers to the incremental business value potentially realized by fostering a more diverse and inclusive workforce, customer base, and supply chain as automation is strategically deployed.
Scope ● For SMBs, recognizing and leveraging this potential can offer a competitive advantage. Diversity of thought, spurred by varied backgrounds, enhances problem-solving during technology implementation, leading to more innovative and efficient automation strategies. Improved market reach can be another key business benefit; automation tools are often better received when tailored to diverse customer needs. Such diversity-aware implementation translates to tangible operational efficiencies and potentially higher revenue. Furthermore, incorporating diverse vendors into automation projects helps SMEs reduce supply chain risks and enhance innovation within their partner ecosystem. Properly implemented diversity initiatives bolster brand reputation, attracting talent and investment, ultimately reinforcing the business case for incorporating DE&I principles into core business operations and tech strategies. In essence, the emergent diversity premium encourages strategic considerations in the early stages of implementation.
