Companies in the top quartile for racial and ethnic diversity are 35 percent more likely to have financial returns above their respective national industry medians Why Diversity Matters McKinsey
They focus more on facts. - This is because they may more closely scrutinize each other’s actions.
They become less entrenched in “group think,” which may blind them to key pieces of information.
They process facts more carefully - This is because they are considering perspectives of people who think differently than they do.
They are more innovative - This is because conformity discourages innovative thinking; diverse perspectives encourage new ways of looking at problems. “Why Diverse Teams Are Smarter,” HBR
The culture in which the mix of people can come to work, feel comfortable and confident to be themselves, and work in a way that suits them and delivers your business or service needs
Diverse teams with inclusive leaders are high performing, make high quality decisions and behave collaboratively. A 10% improvement in perceptions of inclusion increases work attendance by 1 day per year per employee
Inclusive leaders show:
Why Inclusive Leaders Are Good for Organizations, and How to Become One - HBR
Trustworthy | Able to react with consideration of others | Able to listen | Courage to challenge with care and respect |
---|---|---|---|
Respectful of others and of self | Recognise when compromise is needed | Principled | Fair |
Tolerant | Non-judgemental | Thoughtful | Considerate |
Open-minded | Able to let go when appropriate | Honest | Interested |