Companies that embrace diversity tend to be more robust, and more profitable, than their competitors
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Diversity Wins: How Inclusion Matters is the third report by McKinsey & Company on the topic of gender and ethnic diversity in the workplace.
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The business case for diversity is that companies that embrace diversity are more robust and produce better financial returns than their competitors, the McKinsey study said. It looked at more than 1,000 large companies in 15 different countries.
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Linda Schubring, author of “Unfolded” and president of Leadership Vision Consulting, says, “Intercultural relationships expand leadership perspectives and judgment.”
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FP West: Energy Insider
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That judgment, Schubring says, “leads to new adaptations of a company’s products and services, in the process opening new markets, building brand loyalty and ensuring regulatory compliance.”
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On the surface, embracing diversity within a company sounds logical and practical.
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“Implementing a company environment that embraces cultural diversity is much harder,” says Schubring. “It’s important to note, Step 1 is learning to communicate in terms that resonate with everyone, which is work and challenging.”
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Schubring joined a Conversation That Matters about the how-to and benefits of embracing diversity within organizations. See the video at vancouversun.com/tag/conversations-that-matter. Learn More about our guest’s career at careersthatmatter.ca
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