Short spoken segment from a YouTube video (creator: James Laughlin) arguing that diverse teams increase business profitability and reduce groupthink. The speaker claims research consistently shows diversity improves the bottom line and emphasizes varied backgrounds (gender, race, life experience) bring critical perspectives — "bullshit detectors" — who challenge poor decisions.
Every single piece of research that has been done shows that diversity brings more profit to your business. So even if you're just looking at it from a bottom line point of view and you don't care about equity, then pays off big time. And that's because if you're all kind of the same around the table, that encourages group think. And when you're all wrong, you're all wrong. And whereas if you've got diversity, different backgrounds, different, different genders, different perspectives, and that comes from race as well, people's life experiences, they. I don't know, there are some people who just sort of, you're bullshit detectors. And you need someone like that sitting on a door, on a board who's prepared to call it out.
