You may be familiar with complaints such as “our supplier base is growing ever more diverse!” – Yet, how do you assess and quantify such statements?
If you don’t measure and track it, diversity remains an elusive qualitative concept.
We propose using three simple tools that you can use to measure and track diversity in a customer or supplier portfolio, in your workforce and in many other instances.
These approaches are demonstrated using data published by the World Bank on countries’ carbon dioxide emissions, gross domestic product, population size and patents filed. We derive interesting insights from these investigations.