With the global economy better integrated than ever before, the productivity of multi-cultural teams was put to the litmus test. Management consulting giant McKinsey conducted a study to differentiate between the productivity levels of mono-cultural with more diverse teams. On all counts, diverse teams outperformed their unitary rivals. Teams with greater racial or ethnic diversity tended to have a third higher financial returns than the industry mean. The same goes for gender equality as teams that showed diversity on this count performed 15% better than the industry average. A study conducted by Credit Suisse has provided similar results. This is true across professions as well as across continents. Such teams are more thorough with facts which they end up processing better.

Source:ttps://hbr.org/2016/11/why-diverse-teams-are-smarter?referral=00563&cm_mmc=email-_-newsletter-_-daily_alert-_-alert_date&utm_source=newsletter_daily_alert&utm_medium=email&utm_campaign=alert_date&spMailingID=15821833&spUserID=OTY0OTMwNTk5NwS2&spJobID=901354933&spReportId=OTAxMzU0OTMzS0