5 Key Takeaways from the NGLCC International Business & Leadership Conference

The NGLCC (National LGBT Chamber of Commerce) International Business & Leadership Conference is a gathering of entrepreneurs, business leaders, and diversity advocates who come together to exchange ideas, grow their networks, and learn about the latest trends in business and inclusion. This year’s conference was held virtually, and it featured a wide range of speakers, panels, and workshops on topics such as marketing, procurement, leadership, and innovation.

Here are five key takeaways from the conference that can help businesses of all sizes and industries thrive in today’s rapidly changing market.

1. Embrace Diversity and Inclusion as a Competitive Advantage

The theme of this year’s conference was “Diversity at the Core,” and for a good reason. The business world is changing fast, and companies that can adapt to new customer segments, employee demographics, and market trends will have a distinct advantage over their competitors. As NGLCC Co-Founder and President Justin Nelson put it in his opening remarks, “diversity is not a buzzword, it’s a business imperative.” Companies that embrace diversity and inclusion can tap into new markets, improve innovation and creativity, and enhance their reputation and brand value.

2. Build Strong Partnerships and Collaborative Networks

One of the hallmarks of the NGLCC conference is the opportunity to network with other professionals and organizations. This year’s virtual format did not dampen the energy and enthusiasm of attendees, who made use of digital tools and platforms to connect with each other, share experiences, and explore new opportunities. Building strong partnerships and collaborative networks can help businesses find new customers, suppliers, investors, and advocates. It can also create a sense of shared purpose and community that can inspire and motivate teams to achieve greater success.

3. Harness Technology to Drive Growth and Innovation

Technology is transforming every aspect of business, from marketing and sales to operations and customer service. The NGLCC conference featured several sessions on the latest trends in technology, such as Artificial Intelligence, Digital Transformation, and Cybersecurity. Speakers emphasized the importance of leveraging technology to streamline processes, improve customer experience, and create new products and services. However, they also warned that technology is not a panacea and that businesses need to balance innovation with ethical considerations, such as privacy, security, and social responsibility.

4. Leverage Procurement as a Driver of Inclusion and Impact

Procurement is a critical function in any business, and it can also be a powerful tool for promoting diversity and inclusion. The NGLCC has developed a robust certification program that helps LGBT-owned businesses access procurement opportunities with corporations, government agencies, and nonprofits. Conference attendees heard from several procurement experts who shared best practices, case studies, and success stories of how procurement can drive impact and change. By using their purchasing power to support diverse suppliers, companies can build more resilient supply chains, create local jobs, and help reduce economic inequality.

5. Lead with Purpose, Passion, and Resilience

The last year has been challenging for everyone, with the COVID-19 pandemic, social unrest, and economic uncertainty affecting businesses and communities worldwide. However, the NGLCC conference was a testament to the resilience, passion, and purpose of business leaders who refused to give up on their dreams and values. Speakers shared personal stories of how they overcame adversity and found inspiration in their journeys. They also reminded attendees that leadership is not just about titles and positions; it’s about inspiring others to be their best selves and make a positive impact on the world.

In conclusion, the NGLCC International Business & Leadership Conference was a valuable experience for all attendees, whether they were new to the world of diversity and inclusion or seasoned professionals. The five key takeaways highlighted in this article can help businesses thrive in today’s rapidly changing market by embracing diversity and inclusion, building strong partnerships and networks, harnessing technology, leveraging procurement, and leading with purpose, passion, and resilience. By putting these principles into practice, businesses can create a more equitable, sustainable, and prosperous future for themselves and their communities.