METI
Font Size Change
S
M
L
Easy Web Browsing tool

Report on Discussion Results Concerning Diversity 2.0 Compiled Aiming to implement diversity management as a competitive strategy

In August 2016, the Ministry of Economy, Trade and Industry (METI) established a Study Group for Ideal Approaches to Diversity Management (Diversity 2.0) as a Competitive Strategy (chair: Mr. Tetsuo Kitagawa, Professor of Finance and Corporate Governance,Graduate School of International Management, Aoyama Gakuin University ) and by March 2017, the study group had held seven meetings discussing ideal approaches to diversity management as a continuous source of mid- to long-term corporate value, and has now compiled the discussion results into a report. As a part of the efforts, the study group also prepared “Diversity 2.0 Action Guidelines”, a compilation of actions that companies should take for diversity management.

1. Background

As more and more Japanese companies have been recognizing the importance of diversity management, these companies have further been focusing on its significance as a tool for implementing management strategies that enhance their earning power. The effects brought about by diversity management (e.g., creation of innovation and consolidation of supervisory functions of a board of directors) also attract the attention of overseas investors. In addition, to ensure competent human resources, Japanese companies need to implement diversity management as a pillar upon which conventional homogeneous recruitment strategies can change.

Against this backdrop, in August 2016, METI established a Study Group for Ideal Approaches to Diversity Management (Diversity 2.0) as a Competitive Strategy (chair: Mr. Tetsuo Kitagawa, Professor of Finance and Corporate Governance,Graduate School of International Management, Aoyama Gakuin University). The study group held seven meetings before March 2017 discussing ideal approaches to diversity management that will contribute to the improvement of corporate growth and profitability, and has now compiled the discussion results into a report.

2. Outline of the report

The study group named diversity management efforts which continuously contribute to mid- to long-term corporate value as Diversity 2.0, and prepared a report as a compilation of the areas where companies will benefit the most from implementing diversity management, the current situation and challenges that Japan is facing, and other facts. Moreover, through analyzing and improving the efforts of leading companies in diversity management, the study group prepared and offered Diversity 2.0 Action Guidelines, a collection of actions that companies should take in implementing Diversity 2.0.

1) Report on Discussion Results Concerning Diversity 2.0

Aiming to implement diversity management as a competitive strategy
The report clarifies the specific approaches to Diversity 2.0 that companies should take for corporate management bearing in mind the current changes in the external environment, and highlights the current situation and challenges surrounding diversity management and the bottlenecks in implementing Diversity 2.0. Moreover, the report offers recommendations to further disseminate Diversity 2.0 among more companies.

2) Diversity 2.0 Action Guidelines

Aiming to encourage more companies to smoothly implement Diversity 2.0 along with their own management strategies, the guidelines contain a collection of actions and case examples of specific efforts that companies should take. The guidelines stress the importance for business operators to exercise strong leadership in continuing these efforts and the importance of companies communicating the way and degree to which diversity management contributes to corporate value, to people inside and outside the companies.

3) Collection of Case Examples of Successful Companies Participating in this Sturdy Group

The collection highlights cases of six companies participating in this study group concerning the efforts that management should take, which are descried as primarily important actions in the Diversity 2.0 Action Guidelines. The collection also contains policies that successful companies formulated in incorporating diversity management into their management strategies and current approaches to management and governance that their management have been developing and implementing in their companies, as leaders in the field.

4) Collection of Case Examples of the Efforts Disclosed by Companies Inside and Outside Japan

The collection highlights the cases of the efforts disclosed by major companies engaging in diversity management, aiming to showcase specific examples of approaches to capital markets communication, which are shown in the Diversity 2.0 Action Guidelines.

5) Related Theories and Research

The reference is a compilation of theories and research findings related to diversity management, e.g., the effects of diversity management on improving corporate value.

3. Future actions

METI will endeavor to encourage companies to implement Diversity 2.0 through efforts for disseminating the Diversity 2.0 Action Guidelines among companies.

Appendices:

Release date

March 23, 2017

Division in Charge

Economic and Social Policy Office, Economic and Industrial Policy Bureau

Related Information

Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
Copyright Ministry of Economy, Trade and Industry. All Rights Reserved.