Sponsored by INSEAD Business School
Building diverse organisations that make better, bolder decisions and are more competitive in the global economy takes more than simply hiring employees from different backgrounds.
The MBA and Master in Management (MIM) programmes bring together young professionals from a range of social and economic backgrounds. Through these programmes, institutions such as INSEAD Buisness School are developing successful, responsible business leaders who bring value to their organisations and communities.
Why is diversity important in the workplace?
Today, it is more important than ever to have a diverse workplace. Research shows that companies with greater diversity in boardrooms or senior management outperform their peers in lots of ways.
According to a 2020 McKinsey and Company report, diverse teams make better, bolder decisions. This means they can innovate faster even if consumer demands change. Some studies show they are more likely to outperform in profitability. The Boston Consulting Group reports that companies with more diverse management teams have 19 percent higher revenues due to innovation.
"Diversity provides access to a broader talent pool and ultimately leads to improved decisions and a healthier culture," says Annet Aris, Professor of Strategy at INSEAD.
Innovation, creativity and empathy flourish when executives and managers can draw on many different backgrounds and perspectives.



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