James Nash
Contributor
James Nash is CEO and founder of inbeta, a tech-enabled talent specialist using data, social listening and human science to help corporations overcome bias.
Today, the age of corporate social justice is dawning. With the business case for diversity, equity and inclusion (DEI) now more vital than ever, we’re beginning to see organizations truly embrace social activism.
And while social justice was, rightly, the initial impetus, companies are finally waking up to the business case for diversity initiatives. Recent research by McKinsey shows that organizations with the most ethnically diverse teams are 36% more likely to financially outperform those with the least. This is because diversity increases revenue, boosts innovation, sparks creativity and leads to better decision-making.
But the truth is, the more diversity you have, the more challenging it can be.
The problem is that business leaders and diversity advocates have failed to consider an approach to diversity that goes beyond “add diversity and stir.” Diversity is not a numbers game wherein the solution is to merely increase the numbers of traditionally underrepresented …
