Inclusive organizations consistently produce a competitive advantage over peers. So why don’t more CEOs insist on racial diversity in their leadership ranks? asks James Heskett.
A McKinsey & Company study in May, 18, 2020 of top executive teams in more than a thousand organizations in 15 countries concluded that the most diverse organizations have an edge in their markets. These firms are “more innovative—stronger at anticipating shifts in consumer needs and consumption patterns that make new products and services possible, potentially generating a competitive edge.” By Sundiatu Dixon-Fyle, Kevin Dolan, Vivian Hunt, and Sara Prince