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In this episode, Jake and Chris explore parallels between an Ebony Magazine’s 1950’s marketing campaign ‘‘The Secret of Selling the Negro” and current Diversity, Equity and Inclusion (DEI) efforts. Estimated to become a $15.4 Billion dollar market by 2026, but showing few positive results as a result of current approaches, Jake and Chris wonder whether this industry is the latest attempt by those who identify as ‘White’ to monetize the Black community.
Is DEI a good or bad thing? And if it is progressive and helpful, how different is what we are doing now from what Ebony Magazine was encouraging white salesmen to do in the 1950’s?
Corrections in episode:
Mark Kramer co-founded FSG with Harvard Business School Professor Michael Porter in 1999. During the show, Chris mistakenly referred to this consulting firm as EFG.
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Resources/materials:
Wikipedia entry “The Secret of Selling the Negro”
Video posted by Reel America: ‘The Secret of Selling the Negro’
“This film commissioned by the Chicago-based publisher of Negro Digest, Ebony, and Jet magazines encourages businesses to open their minds to the growing black middle class of the 1950s. The U.S. Commerce secretary uses statistics to make an appeal, and scenes of African Americans shopping and at home are accompanied by a narrator who argues against racial stereotypes.”
The (Not So) Secret Story Behind “The Secret of Selling the Negro”
An analysis of the marketing campaign ‘The Secret of Selling the Negro’ by Eric Easter, a producer and media executive, and the former head of digital and entertainment for Johnson Publishing. “Whether The Secret of Selling the Negro, was an advertising innovation or some Pandora’s Box that opened the door to black community debt and materialism is up for debate.”
Real Talk with Percy Brown: The Secret to Selling the Negro : Video Blog by Percy Brown
In 2016, Madison365 recognized Percy Brown, Jr. as one of the most influential African- Americans in the state of Wisconsin. Madison365 describes Percy as “one of the great leaders to arise from the south side of Madison.” In 2014 and 2015 respectively, Percy was awarded the Educator of the Year award by the 100 Black Men chapter of Madison, WI. and was the recipient of the Urban League of Greater Madison President’s Rising Star award.
Global Diversity and Inclusion (D&I) Market Report 2021: Market is Estimated at $7.5 Billion in 2020, and is Projected to Reach $15.4 Billion by 2026, Growing at a CAGR of 12.6%.
The Diversity and Inclusion Industry Has Lost Its Way
Movements are about reallocating power, but DEI preoccupies itself with reorganizing people. In this article, Kim Tran explores how the industry is at a crossroads and if it could find its roots again. Harper’s Magazine
Diversity Has Become a Booming Business. So Where Are the Results?
People of color–who make up nearly 40% of the U.S. population–remain acutely underrepresented in most influential fields. From 2009 to 2018 the percentage of black law partners inched up from 1.7% to 1.8%. From 1985 to 2016, the proportion of black men in management at U.S. companies with 100 or more employees barely budged–from 3% to 3.2%. People of color held about 16% of Fortune 500 board seats in 2018. A 2018 survey of the 15 largest public fashion and apparel companies found that nonwhites held only 11% of board seats and that nearly three-quarters of company CEOs were white men. And in the top 200 film releases of 2017, minorities accounted for 7.8% of writers, 12.6% of directors and 19.8% of lead roles. Time Magazine
Diversity and Inclusion: A collection of articles
The business case for gender equality, diversity, and inclusion is strong and growing stronger. This collection examines the barriers that prevent companies from addressing gender and racial equality and identifies solutions for building a stronger, more inclusive workforce. McKinsey & Company