New to TFP so am late to this conversation, but want to present a slightly different perspective. I agree that DEI has gone too far with executive hiring, admissions selection, etc. for all the reasons that Mr. Ackman cites, but there are some principles that should be retained and be part of basic management training. 1. Diverse teams a…
New to TFP so am late to this conversation, but want to present a slightly different perspective. I agree that DEI has gone too far with executive hiring, admissions selection, etc. for all the reasons that Mr. Ackman cites, but there are some principles that should be retained and be part of basic management training. 1. Diverse teams are good for business. You need people who understand your customer base who can help you develop competitive products and services. 2. You need to know how to hire and develop promising and diverse employees so they are ready for more responsibility later on. 3. You also need to know how to get the most out of a diverse team. That involves knowing how to encourage people to share their ideas and perspectives and keeping dialog moving in a positive direction.
New to TFP so am late to this conversation, but want to present a slightly different perspective. I agree that DEI has gone too far with executive hiring, admissions selection, etc. for all the reasons that Mr. Ackman cites, but there are some principles that should be retained and be part of basic management training. 1. Diverse teams are good for business. You need people who understand your customer base who can help you develop competitive products and services. 2. You need to know how to hire and develop promising and diverse employees so they are ready for more responsibility later on. 3. You also need to know how to get the most out of a diverse team. That involves knowing how to encourage people to share their ideas and perspectives and keeping dialog moving in a positive direction.