“DEI” stands for “diversity”, “equity” and “inclusiveness” (or inclusion). Diversity refers to human differences, particularly group-identity based or demographic differences. Inclusiveness is making sure as many different people, voices, perspectives, beliefs and values are: taken seriously, heard fully, actively involved in decision making. Equity is really the heart of diversity and inclusion. It’s about equally shared power and fairness in impact across differences.
Two things have changed in the “diversity conversation” in the last 15 years. One, we now have technology that allows us to examine how the human brain works while the human is still alive. We’re learning a lot about how we really operate, which is challenging our previous beliefs. Two, we now have scientific evidence that diverse human groups achieve better results than individuals (even experts!) and non-diverse groups — including higher profits. However, we get those superior results only if we leverage diversity by creating an inclusive, equitable environment – one where effective communication, effective leadership, shared power and meaningful inclusion of different people and perspectives are the norm.