January 7, 2011 — Why does the phrase “diversify or die” get thrown around a lot when it comes to diversifying output, but not talent?
From real estate, to retail, to the newspaper industry, and even wedding planning, the phrase refers to the idea that it’s better to not have all your eggs in one basket.
This makes sense when we talk about products and services, but what about employees?
Diversification of talent fuels innovation and can drive profit, yet companies are slower to accept the need to diversify their staff than they are the need to diversify the items they sell.
They shouldn’t be. Diversity of product and talent should not be overlooked—both can be vital to business success.