Diverse Teams Increase Profitability

A report by McKinsey & Company reveals a strong business case for diversity and inclusion in the workplace. According to the report, the most diverse companies are more likely to outperform non-diverse companies on profitability. The 2019 analysis found that “companies in the top quartile of gender diversity on executive teams were 25% more likely to experience above average profitability than peer companies in the fourth quartile. This is up from 21% in 2017 and 15% in 2014.”

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Women and people of color are inclusive and collaborative leaders that produce some of the best innovations and outcomes in business. When CloverPop conducted a study analyzing 600 business decisions by 200 teams, they found that: 

As a black woman in tech, I understand the need to include diverse perspectives when making business decisions. It is vital that educators and mentors encourage people of color and women to explore tech fields in order to create a pipeline for diversity.

When Mehak Lodhi, Tegan Chin and Ayesha Mohammed walked into their first app development class, they were each struck by the unlikelihood of three women of color in a tech class, taught by a female, African American professor. Here’s what happened next. Spoiler alert, this story has a great ending: https://www.maryville.edu/mpress/female-tech-students-soar/.

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