Richard DeVaul Discusses The Influence Of Diversity On Innovation
If you have been up and about in the streets of the United States, you must have come across tacos al pastor. The street food has Mexican origins, although with some Arab influence. The popular street food shows how people from different backgrounds innovate something when they come together. It shows the power of diversity.
The impact of diversity is easy to see. However, it is difficult to measure its direct impact on the level of a company’s innovation. A lot of company leaders recognize the benefit of diversity in their employees. But when it comes to the actual recruitment, only a small percentage believes it is diverse.
And according to Richard DeVaul, diversity is important as it results in innovative fixes for problems. The Ph.D. holder created a lot of value for X Development through his projects. He is now working on sensitizing employees and companies on how to explore innovation by encouraging diversity.
Richard DeVaul points out that smart executives should recognize the importance of an open and friendly culture. It helps in attracting and keeping gifted individuals in the organization.
A 2019 research demonstrated that diverse companies performed better in terms of operation. Their shares were also more valuable. Innovation begins with a problem-solving notion, and the more varied a team is, the more likely the solutions they develop.
Richard DeVaul says that companies should give employees job flexibility and also invest in their training. Developing an innovative company requires a diverse and inclusive workplace. Employees should also be encouraged to share their unique perspectives. Read this article to learn more
About Richard DeVaul
With years of technical and managerial expertise, Richard DeVaul is a renowned researcher. He worked at Google X, now known as X, and directed projects worth billions of dollars. He holds an M.S. and Ph.D. degree from MIT Media Lab. A prolific inventor, he has more than 70 US patents and numerous peer-reviewed papers.
DeVaul advocates for a change in the technology and innovation industry. Richard is a progressive thinker who serves as the founding partner and consulting CTO for HyperSolve. DeVaul graduated from Media Lab at MIT, where he developed a computational graphic design program. He also worked on creating a wearable memory support device for his dissertation.
In an article entitled “Want Innovation? Forget Invention, Learn To Execute”, Richard DeVaul explains Overvaluing invention and undervaluing execution leads to poor resource allocation and underperformance in most innovation-focused organizations. High-impact innovation comes from putting the pieces together well — design — and delivering a great product — execution.
View his LinkedIn profile on https://www.linkedin.com/in/rdevaul