by Monica Gray Logothetis
Originally published: April 3, 2017
Michael Jordan once said: “Talent wins games, but teamwork and intelligence win championships.” He obviously knew the importance of building a good basketball team, just as many of us in the business world know the importance of building a good company team. And whether you’re pitching the latest product to a new investor or starting a company from scratch, diversity is the secret sauce that sets good teams apart from great ones. Particularly in today’s global marketplace, it’s imperative to have an inclusive environment for players to bring their disparate skill sets, world views, and unique ideas together to get the job done.
In fact, according to McKinsey, more and more research shows that diversity in the workplace not only makes sense on instinctual level; it also makes economic sense. Their research finds that the most diverse companies with regard to employee gender, race, and ethnicity are more likely to have financial returns above their national industry medians.