People Management, October 2017

https://www.peoplemanagement.co.uk/experts/research/diversity-drives-better-decisions

Summary: A white paper from online decision-making platform Cloverpop has found a direct link between inclusive decision-making and better business performance. The study analyzed around 600 business decisions made by 200 teams, across a range of companies. Researchers found that when diverse teams (of three or more people) made a business decision, they outperformed individual decision-makers up to 87 per cent of the time. Diverse teams were also shown to make decisions faster than individual workers and benefited from a 60 per cent improvement on decision-making. Effective decision-making also increases with greater diversity in a team. All-male teams were shown to make better business decisions than individuals 58 per cent of the time, while gender-diverse teams outperformed individuals 73 per cent of the time.