Diversity allows companies to tap into different opinions and work styles that could help it navigate different geographies, market segments, as well as tap into new talent pools
Other aspects, like having a strong founder and qualified leadership, have a far greater impact on a company's bottom line
Changing the upper-echelons of management can change a company's profitability overnight. Hiring a more diverse workforce can't.
Adding a more diverse workforce does not make an unprofitable company become a profitable company overnight. Therefore, there must be other aspects that are far more critical to a company's financial success.
While a diverse workforce undoubtedly reaps benefits over time, it does not instantly spur innovation, nor can it rapidly resuscitate a failing business. This indicates that there are other aspects of the business that have a far greater role in dictating the company's financial success. Entrepreneurs frequently cite leadership, strong decisionmakers, efficiency, and customer service as the factors which play the greatest part in a business's success. Diversity is important, but because it isn't a silver bullet in the same way effective management and leadership is, it is not an integral part of financial success.
Enter the counter arguments here ...
[P1] Diversity alone cannot save a failing company. [P2] Other factors can. [P3] Therefore, diversity is not essential for a business's success.
Enter the technical rejections of the premises here ...
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