Thursday, September 13, 2018

Diversity:

Susan Lyne, past president of ABC Entertainment, and current president and founder of BBG, states:

"The best companies are the ones that have truly diverse teams. I don’t think the ultimate goal is to have all-female teams or for every start-up to be female-led. When you have too many people who look alike and think alike, you’re less likely to explore every side of an issue before you make a decision. I’ve seen that many, many times. I’ve seen it in companies that are predominantly male, and in ones like Martha Stewart that are predominantly female. There are things that make women better leaders and things that make men better leaders, and the ultimate goal should be finding a way for teams to be truly integrated.
Age diversity is also valuable. Anytime you get too many people working together who have the same background, same race, same gender, same education, who are of the same generation, use the same thought process, you can end up making mistakes because there aren’t enough people in the room who’re going to offer a different opinion. My partner at BBG Ventures is thirty years younger than I am, and it’s one of the reasons we make a good team."

You can read more of her interview with Goop here, if interested.