9 min read
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Evaluating risk is an important element of running a business. As business owners and entrepreneurs, we want to mitigate as much risk as possible to ensure our business can continue to grow, profit, and impact the world —especially in these uncertain times.
If we look at intentional Diversity, Equity, and Inclusion (DEI) work, we can actually use DEI to directly impact the ability to manage risk. Many people view DEI as a “nice to have” that helps support moral and social consciousness within businesses. But, it is actually a strong and vital way to mitigate risk in the marketplace, especially through the lens of reputational bias, process bias, leveraging assessments and audits, and ongoing strategic DEI learning and development experiences.
1. Reputational bias
If you don’t directly address or operate intentionally around DEI issues, reputational factors