This year’s Oscar awards ceremony was notable in a couple of ways. For one, the ceremony didn’t have a host this year. After some controversy over alleged homophobic remarks the Oscars scrapped planned host Kevin Hart. After an unsuccessful search for a replacement, they ultimately opted to go host-less, which observers felt went off very well.
Toward a More Diverse Field of Nominees
The second change has been longer in the making. In 2016 outrage emerged over the perceived lack of diversity in the Oscars, as highlighted by the prominence of the #OscarsSoWhite movement. As this chart from Time demonstrates, the Oscars have been historically dominated by white nominees for the major individual categories: best actor, best actress, best supporting actor, and best supporting actress through 2015, just before the movement took off.
In response, in 2016 the Academy vowed to increase representation by women and minorities, which was intended to increase the number of nominees from historically under-represented groups. In 2017, observers acknowledged progress, albeit slow progress, toward greater diversity. In 2018, commentators once again bemoaned slow progress toward diversity as the awards ceremony also received its lowest ratings ever.
A D&I Turning Point?
This year, however, the diversity initiative seems to have hit a potential inflection point. USA Today’s Oscar headline read: “‘Finally the door is wide open’: Oscars’ big winner is diversity as winners make history.” Slate proclaimed, “When it Comes to Diversity, These Were the Perfect Oscars for 2019.” And whether it was the host-less format, the increase in diversity or simply interest in the individual performers and films, the Oscars saw their highest ratings in five years.
Inclusion is a Business Imperative!
This story of the Oscars over the last several years illustrates a couple of points we’ve often made about diversity and inclusion. First, inclusion, not just diversity, is key. It may have taken a couple of years to bear real fruit, but the Academy’s decision to diversify the body that actually selects nominees and votes on winners—i.e., inclusion—has resulted in a more diverse ceremony. Second, diversity and inclusion are good for business. Again, it’s hard to say for sure what drove the boost in ratings this year, and it may be due to a combination of factors, but the broader demographic appeal of a more diverse applicant pool almost certainly contributed to this year’s higher ratings.
OUR NEW BOOK HAS BEEN RELEASED!
In Inclusion: STILL the Competitive Business Advantage, we continue our contributions to thought leadership on the importance of inclusion in an environment that has been roiled with new discussion—and new dissent—amid rapidly changing demographics, continually emerging technology and a global economy that is continually shifting to favor newly emerging market powerhouses. We’re very gratified by the positive reviews already pouring in.
What We Can Learn From Kobe Bryant’s Life After Retirement
Have Multi-Billion Dollar Teams Priced Themselves out of the Market?
Apple’s Comeback for Tim Cook Is Complete
Advisors: Are You Leaving Revenue On The Table?
Go the Extra Mile and Clients Will Love You, Right?
7 Steps to Future Proof Your Financial Life
4 Reasons for Exercising a Little Less Impulse Control
What Is Essentialism and Why It Should Be Important to You
7 Tips to Attract the Best Customers for Your Business
How and Why to Invest Intentionally
Development24 hours ago
Why Investors Should Pay for Advice
Strategies24 hours ago
Diamonds Are Now an Institutional Asset
High-Conviction Investing24 hours ago
Valuing Equities in a Low-Growth World
Development2 days ago
How to Create a Great Value Proposition
Research2 days ago
Americans Are Preparing for a Recession
Advisor Marketing2 days ago
How Great Advisor-Marketing Happens in the Expertise Economy
Permission to Succeed2 days ago
Advisors Can Adapt Through Education with Sean Walters
Financial Podcasts4 days ago
What Would 100 Referrals Mean For Your Business