Why Diversity Builds Better Products
It's no longer groundbreaking to suggest that having a diverse workforce is beneficial to organizations. Studies have shown that teams that include individuals with a variety of backgrounds are more adaptable to change and more effective at solving problems. But diversity can also have a significant impact on the bottom line of a business. McKinsey & Company reported that companies in the top quartile of racial diversity are 35% more likely to have higher financial returns than the national median in their industry.
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