Diversity by Design: Enriching Curriculums and Industries Alike | Technological Leadership Institute
The following blog was written by Dr. Daniel Mooradian, Honeywell/James J. Renier Chair in Technology Management and Director of Graduate Studies for the M.S. in Medical Device Innovation (MDI)
Diversity is a key component to success and an important contributor to what makes our programs at the Technological Leadership Institute exceptional. Having a diversity of views and experiences represented in an organization provides greater perspective and a broader foundation, gives a voice to a variety of stakeholders and enriches lives. Studies have shown that having diverse employees improves corporate financial performance. That’s the conclusion of researchers at McKinsey & Company who analyzed data from 366 public companies in North America and the U.K.1 The evidence suggests that this is equally true in the medical device industry, where technical knowledge, leadership and creative problem-solving cross multiple disciplines.
Diversity can also enhance a company’s capacity for innovation. A recent article by Harvard Business Review2 analyzed data from a variety of sources, including surveys, case studies, focus groups and interviews. The study concluded that when inherent diversity (e.g. identity categories and characteristics) exists in combination with acquired diversity (e.g. experiences such as working abroad, serving a specific market), the result is what the authors call “2-dimensional diversity”. Companies with 2-dimensional diversity are 45 percent more likely to exhibit market share growth and 70 percent more likely to successfully enter new markets. As they put it, “2-D diversity unlocks innovation by creating an environment where ‘outside the box’ ideas are heard”.2
Despite these potential benefits to innovation and performance, 2-dimensional diversity can be difficult to achieve. The evidence suggests this is due, in part, to under-representation of women in STEM fields3 and in positions of leadership in technology companies.4
We believe that diversity by design leads to more creative approaches to problem-solving, greater depth and breadth of potential solutions, and also prepares our students to contribute effectively in the increasingly diverse settings where they will work. We also believe that diversity is not only important to both professional success but also to personal growth.
It is for these reasons that we are particularly proud of our Master of Science in Medical Device Innovation program. Each year we attract students from around the globe, with diverse backgrounds and experience and a passion for medical technology innovation. Over the past two years, MDI enrollment among women has increased to nearly 50%,5 which is twice the national average in STEM disciplines according to a 2017 NSF report.6
The Technological Leadership Institute (TLI) Master of Science in Medical Device Innovation:
Launched in 2014 to bridge the gap between traditional undergraduate STEM education and the rigorous expectations of professionals working in the medical device industry, TLI’s Master of Science in Medical Device Innovation (MDI) program is an immersive learning experience that is both broad, approaching medical device innovation as a process that is complex and highly regulated, and deep, providing students with knowledge about how the industry operates as well as a clear understanding of both intrapreneurship and entrepreneurship in therapeutic areas (e.g. cardiovascular, neural, orthopedic, etc.) where they wish to develop expertise.
At the Technological Leadership Institute and in the M.S. in Medical Device Innovation program, we believe in a philosophy we call "diversity by design." It is an important aspect of each cohort, which is carefully selected to provide a variety of perspectives and experiences for both the MDI program and the industries the students serve. Building diverse teams in MDI, as in the industry, should be intentional and strategic. We believe it leads to more creative approaches to problem-solving, to greater depth and breadth of potential solutions, and it prepares our students to contribute effectively in the increasingly diverse settings they will work.
Diversity by design is an essential part of our curriculum and, ultimately, your career success. Find out how you can contribute to and benefit from the diversity of our next cohort while developing a deep knowledge of the medical device industry. All it takes is 14 months and you can keep working while you advance your skills in the classroom. Classes for the incoming cohort start in May.
For more information on the MDI program, sign up to attend one of our upcoming information sessions, where you'll get to meet Dr. Mooradian and learn how the degree can help you advance as a medtech leader.
1. Diversity Matters. Vivian Hunt, Dennis Layton and Sara Prince. McKinsey & Company. November 24, 2014.
2. How Diversity Can Drive Innovation. Hewlett SA, Marshall M, and L Sherbin. Harvard Business Review, December 2013.
3. National Science Board Report: Science & Engineering Indicators. National Science Foundation. 2016
4. Why There Are Still Few Women Leaders in Tech. Elena Kvochko. Forbes 2016
5. TLI Master of Science in Medical Device Innovation Program enrollment data (2017-2018).
6. Women, Minorities, and Persons with Disabilities in Science and Engineering: 2017 digest (NSF 17-310).
We believe (diversity by design) leads to more creative approaches to problem-solving, to greater depth and breadth of potential solutions, and it prepares our students to contribute effectively in the increasingly diverse settings they will work.