- Question
Is diversity critical to a business' financial success?
Research proves that diversity (gender, ethnic and social) can improve work place culture and productivity. Some argue that workplace diversity can increase growth or revenues, by increasing the comfort of workers and ensuring different views are represented. But does diversity really have that much of a baring on a business' success?
Diversity is critical to workplace success
Diversity allows companies to tap into different opinions and work styles that could help it navigate different geographies, market segments, as well as tap into new talent pools
Diversity is not an important aspect of a company's financial success
This position holds that diversity is not an important factor in a company's financial success. It argues other elements—a strong founder and qualified leadership—matter far more to the bottom line, and that diversity without inclusion is no silver bullet.
Diversity has no bearing on a company's financial success
This position holds that diversity has no real bearing on a company's financial success. It argues that many companies have thrived with a homogeneous workforce, and that the measured impact of diversity varies so much that it cannot be considered critical to profitability.