4 ms·
As an ethnic person who evaluates a company's demographics before joining, I want to say diversity is unnecessary for being financially successful. Working with
by kelukelugames 11y ago
As an ethnic person who evaluates a company's demographics before joining, I want to say diversity is unnecessary for being financially successful. Working with people who are different can even be difficult.
But at the end of the day, what is the founder trying to achieve? His or her personal and broader definition of success might include being inclusive.
Anecdote: working in a homogenous environment can suck for minorities. Maybe starting out diverse makes it easy to stay that way?
- rifung 11y agoI imagine the founder is trying to make a successful company. Being that diversity is correlated with financial performance, it makes sense to try to have a diverse team. On the other hand, you're right in that you can't just throw different people in a room and let them work things out.
- golemotron 11y ago> Being that diversity is correlated with financial performance. Can you back that up?
- rifung 11y agoSure. I imagine Google will easily give you more results but here's one: http://www.mckinsey.com/insights/organization/is_there_a_payoff_from_top-team_diversity http://www.mckinsey.com/insights/organization/is_there_a_pay... As has been said many times before, correlation is not causation though, and other studies have shown that the more females you have, the better a team performs so maybe we dont need diversity and just need more women. I do remember reading other articles about the benefits of racial diversity as well but I'm sure you won't have trouble finding them.
- deleted 11y ago[deleted]
- kelukelugames 11y agoI value diversity. A lot. But I dislike the studies that suggest diversity improves financial performance, because I find the conclusions are too politically convenient. Most of the ones I read suggest a sketchy correlation at best. Yet people talk as if it's as conclusive as global warming. Yes, the diversity of founders can be the reason for a startup's success. There are also many examples where it wasn't needed: Apple, Microsoft, Samsung.