Is McKinsey wrong about the financial benefits of diversity? ...Middle East

If you’ve read an article about the importance of diversity in the workplace in the past few years, chances are you’ve come across the assertion that more diverse companies turn out higher profits.Key to the popularization of this idea are three McKinsey studies, released in 2015, 2018, and 2020, which showed that companies with greater racial, ethnic, and gender diversity in their leadership tended to perform better financially. The Wall Street Journal, the New York Times, the World Economic Forum, and the women’s leadership nonprofit Catalyst have all cited McKinsey’s findings, along with work from the Boston Consulting Group and other consultancies, to support the idea that investing in d

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