Remove Corporate Blog Remove Leadership Remove Sales Remove Teams
article thumbnail

How Companies Are Approaching Diversity and Inclusion

Everwise

For example, research by American Sociological Association finds that for every 1% rise in the rate of diversity in a business, there is a 3-9% rise in sales revenue. This formula serves as the foundation for many functions in the company, from recruitment, to sales, to community outreach.

article thumbnail

Making the Connection: Diversity & Profits

Everwise

However, “The correlation does indicate that when companies commit themselves to diverse leadership, they are more successful.” Teams with an equal gender mix performed better than male-dominated teams in terms of sales and profits. As McKinsey & Company pointed out, correlation does not necessarily mean causation.