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Grand Rapids Business Journal
In principle and in practice, the Grand Rapids Chamber believes in the value and power of diversity, equity and inclusion (DEI). Various reports released in 2020 amidst a global pandemic, mounting racial tension and a divisive political atmosphere prove there is much work to be done.
According to McKinsey & Company, a United States-based management consulting firm, businesses with culturally diverse teams outperformed those with minimal diversity by 36% in profitability. Despite consistent findings promoting the benefits of DEI, progress remains slow in closing gender and cultural representation gaps, and because of the pandemic, some companies have even regressed.