November 01, 2013

Disregard Diversity at Your Financial Peril: Diversity as a Financial Competitive Advantage

Sheryl L. Axelrod
The data is in: diversity is far more profitable than less diverse business models.

Supposedly, the business case for diversity is weak. It’s mainly “wishful thinking.” That’s what the Chicago-based Institute for Inclusion in the Legal Profession concluded in its 2011 report, “The Business Case for Diversity: Reality or Wishful Thinking.” The IILP’s review of data was so comprehensive, the study was widely accepted as definitive. There’s just one problem: the report never actually took a direct look at whether diversity is profitable.

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