Business Case for Diversity
The supply chain is the life-blood of a company. In recent times, there has been an explosion in the number of small suppliers. The days of pricing by economy of scale are past. Smaller suppliers are more likely, than not, to be women, minority or veteran owned. Not only are their prices often more competitive than those of their larger competitors, they are frequently more efficient and flexible, in response to requests for innovative practices.
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"Female participation in top management is strongly associated with firm quality". Source: Dezso and Ross, Columbia University, "Girl Power: Female Participation in Top Management and Firm Quality", 2008.
"10.1 million U.S. firms are [majority] owned by women, employing more that 13 million people, and generating $1.9 trillion in sales as of 2008. Women-owned firms account for 40% of all privately held firms".
"1.9 million firms are [majority] owned by women-of-color in the U.S. These firms employed 1.2 million people and generate $165 billions in revenues annually. Between 2002 and 2008, women-of-color owned firms grew faster than all privately held firms in the United States". Source: National Association of Women Business Owners, Census Information, 2002.