Implementing Supplier Diversity: Driver of Entrepreneurship

✍ Scribed by Kathey K. Porter

• Publisher: Springer International Publishing; Palgrave Macmillan
• Year: 2019
• Tongue: English
• Leaves: 164
• Edition: 1st ed.
• Category: Library

✦ Synopsis

This book provides an in-depth view of supplier diversity programs and how they have contributed to the meteoric rise of minority businesses. Incorporating expert advice from supplier diversity practitioners as well as empirical data, it looks at the emergence of supplier diversity programs, how to make them effective, and their future.

Supplier diversity ensures an open and inclusive competition for contracts during the procurement process, and the use of vendors of different backgrounds fosters a better understanding of a diverse customer base. Over the last decade the number of minority-owned firms in the US has increased 38 per cent. As the number of minority entrepreneurs continues to rise, these business owners have recognized the need for B2B opportunities, and supplier diversity programs that create the fastest path to scale and grow a small business.

Porter highlights the history and impact of these programs as sources of business education as well as pipeline development for minority and women entrepreneurs. Finally, readers interested in levelling the playing field in business have a go-to source.

✦ Table of Contents

Front Matter ....Pages i-xxxv
Front Matter ....Pages 1-1
Supplier Diversity Programs in the Public Sector (Kathey K. Porter)....Pages 3-13
Supplier Diversity Programs in the Private Sector: Corporations (Kathey K. Porter)....Pages 15-23
Front Matter ....Pages 25-25
Impact of Supplier Diversity on Startup Activity and Small Business Growth (Kathey K. Porter)....Pages 27-33
The State of Diverse Suppliers (Kathey K. Porter)....Pages 35-45
Front Matter ....Pages 47-47
Foundations for a Supplier Diversity Program (Kathey K. Porter)....Pages 49-55
Best Practices for a Successful Supplier Diversity Program (Kathey K. Porter)....Pages 57-65
Common Mistakes in Design and Implementation (Kathey K. Porter)....Pages 67-70
Front Matter ....Pages 71-71
Certifications and Other Tactics to Help Small Firms Leverage, Differentiate, and Win! (Kathey K. Porter)....Pages 73-79
Community Engagement: Partnerships and M.O.D.E. (Mentorship, Outreach, Development, and Education) (Kathey K. Porter)....Pages 81-94
Benchmarking, Quantifying, and Reporting: Measuring Success (Kathey K. Porter)....Pages 95-103
Front Matter ....Pages 105-105
The “New” Business Case (Kathey K. Porter)....Pages 107-114
From Social Issue to Business and Economic Imperative: The Impact of Changing Demographics (Kathey K. Porter)....Pages 115-120
The State of Supplier Diversity Programs (Kathey K. Porter)....Pages 121-130
Supplier Diversity Program Resources: For Practitioners and Entrepreneurs (Kathey K. Porter)....Pages 131-132
Conclusion: The “Next” Supplier Diversity Disruption: Supplier Inclusion (Kathey K. Porter)....Pages 133-134
Correction to: Implementing Supplier Diversity (Kathey K. Porter)....Pages C1-C4
Back Matter ....Pages 135-146

✦ Subjects

Business and Management; Entrepreneurship; Procurement