Skeptical that diverse teams perform better? Need to convince someone you know?

Here& #39;s a handy threadful of evidence (that you didn& #39;t ask for but hopefully find somewhat useful)

1/
In 2001, Nisbett & Masuda showed that people from different cultures are able to recall different elements of the same images, and have different blind spots in the information they recall.

Multi-cultural teams have fewer blind spots.

2/
In 2004, Hong & Page published a study that showed that diverse groups can outperform high-ability groups

https://odeo.hq.nasa.gov/documents/DiverseProblemSolvers_TAGGED.pdf

3/">https://odeo.hq.nasa.gov/documents...
In 2006, Sommers published a study showing that diverse juries performed better than white juries

https://www.apa.org/pubs/journals/releases/psp-904597.pdf

4/">https://www.apa.org/pubs/jour...
In 2006, Sommers published a study showing that diverse juries performed better than white juries https://www.apa.org/pubs/jour...
In 2006, Sommers published a study showing that diverse juries performed better than white juries https://www.apa.org/pubs/jour...
In 2008, Phillips, Liljenquist & Neale published their study showing that diverse teams feel less effective but actually perform better

https://journals.sagepub.com/doi/abs/10.1177/0146167208328062

5/">https://journals.sagepub.com/doi/abs/1...
In 2012, Credit Suisse studied 2,400 companies and found that those with at least one woman on their board yielded higher returns and higher net income growth

https://www.credit-suisse.com/about-us-news/en/articles/media-releases/42035-201207.html

6/">https://www.credit-suisse.com/about-us-...
Large-cap companies with at least one woman on the board have outperformed their peer group with no...

According to a report released today by Credit Suisse Research Institute, companies with at least one woman on the board have outperformed in terms of share price performance those with no women on...

https://www.credit-suisse.com/about-us-news/en/articles/media-releases/42035-201207.html
A 2014 study from Spain showed that diverse R&D teams are more innovative

https://www.tandfonline.com/doi/abs/10.5172/impp.2013.15.2.149

7/">https://www.tandfonline.com/doi/abs/1...
Another 2014 study, this time from Levine et al, found that diverse teams priced stocks more accurately so were less susceptible to creating bubbles

https://www.pnas.org/content/111/52/18524.abstract

8/">https://www.pnas.org/content/1...
Another 2014 study, this time from Levine et al, found that diverse teams priced stocks more accurately so were less susceptible to creating bubbles https://www.pnas.org/content/1...
Another 2014 study, this time from Levine et al, found that diverse teams priced stocks more accurately so were less susceptible to creating bubbles https://www.pnas.org/content/1...
In 2015, McKinsey published a report of 366 public companies showing that the top quartile for ethnic diversity were 35% more likely to outperform their industry mean, and generated returns that were 53% higher than the bottom diversity quartile.

http://www.mckinsey.com/business-functions/organization/our-insights/why-diversity-matters

9/">https://www.mckinsey.com/business-...
In 2015, McKinsey published a report of 366 public companies showing that the top quartile for ethnic diversity were 35% more likely to outperform their industry mean, and generated returns that were 53% higher than the bottom diversity quartile. https://www.mckinsey.com/business-...
In 2015, McKinsey published a report of 366 public companies showing that the top quartile for ethnic diversity were 35% more likely to outperform their industry mean, and generated returns that were 53% higher than the bottom diversity quartile. https://www.mckinsey.com/business-...
Not all studies found a diversity dividend however, eg. the Shehata study into UK SMEs paints a more negative picture of board diversity & performance so we should expect nuance, but studies are starting to unpick the mechanisms through which diversity can affect performance

10/
...for example Sujin Jang& #39;s 2017 study which exposed some out more nuanced mechanisms through which different forms of cultural difference can interact

https://pubsonline.informs.org/doi/full/10.1287/orsc.2017.1162

11/">https://pubsonline.informs.org/doi/full/...
...for example Sujin Jang& #39;s 2017 study which exposed some out more nuanced mechanisms through which different forms of cultural difference can interact https://pubsonline.informs.org/doi/full/...
...for example Sujin Jang& #39;s 2017 study which exposed some out more nuanced mechanisms through which different forms of cultural difference can interact https://pubsonline.informs.org/doi/full/...
And finally, another corporate study BCG in 2018 showed that diverse companies reported more revenue coming from innovation

https://www.bcg.com/en-us/publications/2018/how-diverse-leadership-teams-boost-innovation.aspx

12/">https://www.bcg.com/en-us/pub...
That& #39;s all for now. I& #39;ve no doubt missed a load but it& #39;s Negroni o& #39;clock and time to sign off.

/end
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