A GLOBAL PERSPECTIVE OF THE ROLE OF DIVERSITY AND INCLUSION IN ENTREPRENEURIAL INNOVATION

Publication Date : 12/03/2020


Author(s) :

Mr.Siddiqui A.S.


Volume/Issue :
Volume 02
,
Issue 3
(03 - 2020)



Abstract :

Diversity and inclusion (D&I) have become increasingly recognized as key factors that propel entrepreneurship's innovation by encouraging creativity, better decision-making, and a competitive edge. In order to understand how diverse teams, contribute to entrepreneurial success, this study examines the theoretical foundations of diversity and inclusion, utilizing frameworks including the Resource-Based View, Social Capital Theory, and Innovation Diffusion Theory. It also looks at the challenges that entrepreneurs face when putting D&I into execution, such as implicit bias, minority entrepreneurs' limited access to financing, and local variations in social expectations and regulations. The study additionally emphasizes significant strategies for promoting diversity and inclusion, including global collaboration, inclusive recruiting procedures, and policy interventions. According to the results of the research, organizations looking to grow sustainably and prosper in the long run must prioritize diversity and inclusion in addition to doing so as an issue of ethics and society. To further increase the impact of D&I in entrepreneurship, subsequent research ought to explore region-specific methods. Objective of study 1- To Study the theoretical background of diversity and inclusion for Innovation. 2- To study Challenges and Barriers to Diversity and Inclusion in Entrepreneurship 3- To study Strategies to Foster Diversity and Inclusion in Entrepreneurship


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