457: Embracing diversity in the workplace (with Kay Formanek)

457: Embracing diversity in the workplace (with Kay Formanek)

Welcome to an episode with an inspiring speaker, author, and coach, Kay Formanek. Get Kay's book here: https://amzn.to/3EgXNYP

Kay Formanek is the Founder and CEO of Diversity and Performance, a company committed to creating new insights and more conscious diversity leaders. She is the author of Beyond D&I, a book that equips leaders with strategic models and practical tools for advancing Diversity Performance in their organization.

Kay is a leading authority on diversity and inclusion, a global speaker, board member, contributor to leading business schools, and advisor and expert to various top advisory organizations. She brings over 30 years of experience of navigating diversity journeys and cultural transformations in over 50 organizations spread across the world. She was Partner and Managing Director in Accenture, where she played a crucial role in advancing diversity and inclusion for 25 years. She also assumes the role of Inclusive Leadership Coach and Expert in Aberkyn and McKinsey.

Within the framework of her own company, Diversity and Performance BV, Kay has spent the last six years undertaking extensive study and research in the areas of diversity, inclusion, equity, leadership, and purpose. She has collaborated with multiple organizations to develop and test her thinking. Her experience and research led to the development of the anchor diversity models: The Virtuous Circle and the Integrated Diversity Model.

Kay believes in the importance of knowledge and personal learning to overcome personal and systemic bias and that personal learning is at the heart of becoming a courageous and inclusive leader of diversity. She has developed the global certification program for corporates, government institutions, professional services organizations, and NGO's entitled "Inclusive Leadership and Mitigating Bias" Certification. Diplomats, ambassadors, D&I practitioners, leaders, professors, and many individuals who wish to play a role in advancing inclusive diversity have attended certifications around the world: Dubai, Singapore, South Africa, Boston, London, Brussels, Amsterdam, and more than 30 other locations.

In this episode, Kay spoke about the importance of diversity, inclusion, and equity in an organization. We will learn more about the underlying reason behind why people discriminate, stereotype, and why people have unconscious bias.

Beyond D&I: Leading Diversity with Purpose and Inclusiveness. Kay Formanek: https://amzn.to/3EgXNYP

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15: Importance of Confidence in Cases

15: Importance of Confidence in Cases

We would say 90% of candidates with whom we speak do not understand what is confidence, how to build it and how to demonstrate it. We will talk about experiences we have had with candidates with weak confidence levels and what you need to consider when preparing for your own interviews.

9 Juni 201110min

14: Did you pay $150K for a McKinsey interview

14: Did you pay $150K for a McKinsey interview

MBA programs want you to believe that joining a school like Stanford, Harvard etc in the MBA program will dramatically improve your chances of success. It will not and that is a huge myth.

3 Juni 201112min

13: Consulting Culture

13: Consulting Culture

This is a topic which is very dear and close to me. In fact, it is why we started Firmsconsulting and run it the way we do. Very, very few people truly understand the culture of management consulting. Many existing consultants also struggle to understand the culture. Consultants are professionals, not business people. I would strongly urge you to listen to this podcast.

28 Maj 201124min

12: McKinsey, BCG etc. exit opportunities exaggerated

12: McKinsey, BCG etc. exit opportunities exaggerated

This is an important podcast because it explains how a consulting career should fit into your overall career planning. Most candidates want to work at BBM because everyone says they should. They also think they know the exit opportunities but have a very weak, and sometimes fantasized, view on exit options.

22 Maj 201114min

11: Fatal brainstorming mistake made by all

11: Fatal brainstorming mistake made by all

You are unlikely to pass a McKinsey case interview unless you can brainstorm. Consulting interviewers are ALWAYS testing for poise, confidence, structure and logic in your response. Most candidates do this well everywhere – except when it comes to brainstorming. Learn how "not" to brainstorm. This podcast looks at one of the most common brainstorming problems. A problem so common, that many simply assume it is the way to brainstorm. Fixing this problem can improve your brainstorming skills by between 5% to 30% percent.

16 Maj 20118min

10: The Strategy Study

10: The Strategy Study

McKinsey, BCG et al engagements are very different from the stories typically depicted on blogs etc. Too often the writer seems intent on explain how long the hours are and the need to do analyses. That is part of the picture but far from the entire story. Many of these stories are also written bottom-up with an associate or analyst seeing things from their relatively narrow view without a proper feel for the higher level discussions.

10 Maj 201116min

9: The Impossible Candidates Lessons

9: The Impossible Candidates Lessons

Here we talk about the unusual tactics we used to place a musician into BBM Europe who had just a master's degree in music, from an elite institute and 4 years of experience in the Arts. Lacking a business background she decided to make the transition after her marriage. The tactics are not surprising, but the execution is.

4 Maj 201119min

8: Lessons in not placing a successful Wharton MBA

8: Lessons in not placing a successful Wharton MBA

Having a brilliant profile and credentials is good, but not great. In this podcast we discuss the hurdles which caused a brilliant Wharton MBA to stumble during their interviews. Much came down to the candidate simply not understanding the consulting culture and not acting on feedback. Moreover, McKinsey, especially BCG, look for reserved leaders versus over-confidence. That balance is crucial.

28 Apr 201119min

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