Goldman Sachs’ decision not to take companies public without diverse board representation was driven by evidence showing that companies with diverse boards outperform those with homogeneous boards. More specifically, Goldman Sachs requires IPO (initial public offering) clients to have at least _________ women on the board. 

You are a key executive responsible for the supplier management programs at a large public hospital.  Your hospital system has over 5,000 workers and over 2,000 patient beds / rooms. Given the various product and service needs of your hospital, where are possible opportunities to identify or develop, and then leverage diverse suppliers? Think big! Look for $1M spend opportunities or higher. (Supplier Management)

Most Fortune 500 companies have a supplier diversity program with specific and measurable goals including spending targets. The benefits of a supplier diversity program include:

Which employee group(s) helps to create connections based on gender, race/ethnicity, religion, sexual orientation, etc.?

The Blau Index, also known as the __________________________, is a statistical measure used to quantify the level of diversity within a leadership team or group. Developed by sociologist Peter Blau, the index ranges from 0 to 1, where 1 represents maximum diversity.  

Howard Bowen is a strong proponent of shareholder capitalism, and he believes strongly that for-profit firms should focus only providing a fair financial return for its shareholders. 

Innovation revenue, often expressed as a percentage, is the share of the firm’s current year revenue that was generated by products that were launched in the most recent 3-year period. 

There are four (4) CSR types according to the article, What is Corporate Social Responsibility? _________________________________ under CSR refers to the firm’s duty to conduct its business in a manner that is fair, ethical, and just. This involves adhering to moral principles and standards that go beyond legal requirements and that focus on doing what is right for all stakeholders. 

Boeing Corporation, as a federal contractor, has a goal of “5% spend” with minority-owned, woman-owned, and/or disabled-veteran-owned business enterprises. Their total spend is for Boeing’s Defense, Space, and Security segment is $26B. To-date, the firm has spent $520M with diverse suppliers. How much more with Boeing need to spend with diverse suppliers this year? 

Some corporate community involvement efforts (giving and support) can lead to additional sales for the firm. Identify two (2) CCI initiatives that drive higher revenue for the firm (or that have the potential to drive higher revenue. Be specific. (Corporate Social Responsibility)