Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


The Diversity Advantage

Speech Secretary to the Treasury: The Diversity Advantage

This afternoon the Treasury’s Secretary and Chief Executive Gabriel Makhlouf spoke to a group of business leaders at the Trans-Tasman Business Circle in Wellington, on how diversity of thinking offers a performance advantage. Below is the introduction to the speech, and a link to the full script on the Treasury website.

When we first started talking about diversity at the Treasury, someone suggested that deliberately starting to look for, and employing, different types of people was like asking the All Blacks to select a couple of badminton players. That's absurd of course, but it highlights a silent misgiving many people have when the subject of diversity is raised. In a survey by business magazine Forbes, 41% of executives identified the ‘failure to perceive the connection between diversity and business drivers’ as a barrier to developing and implementing a diversity strategy. In the absence of a business case, people don’t see the point. Or worse, they see diversity as compromising performance.

The reality is quite the opposite. Diversity doesn’t compromise performance. It’s a performance advantage. In particular, it’s the key to a strong team, and this is the idea at the heart of what I want to talk about today. Diversity - especially diversity of thinking - is essential to a world-beating team, and a world-class public service.

Where the goal of a rugby team is to manufacture tries to win a game, the Treasury, and the wider state sector, is like a team that manufactures ideas to solve policy problems. Like a good sports team needs diverse skills, we need diverse perspectives to produce the best ideas we can. We also need diversity of experience to make sure the ideas we come up with are practical, and so we can see them through from conception to implementation.

Today I want to talk about why diversity of thinking matters more than ever for New Zealand, why unconscious bias can get in the way, and what we’re doing at the Treasury to challenge our thinking in new ways.

To read more go to:


© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop Business: A Decade Of Government Pre-Seed Investment

More publicly-funded science is being commercialised after a decade of government ‘pre-see’d investment, according to an independent review. More>>


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news