What Are the Impacts of Implicit Bias on Business?
The impacts of implicit bias in business can be profound:
- Reduced Diversity: A lack of diverse perspectives can stifle innovation and creativity, critical components for business success. - Employee Morale: Perceived or actual biases can lead to decreased morale, lower job satisfaction, and higher turnover rates. - Reputation: Companies known for biased practices risk damaging their reputation, which can affect customer loyalty and attract negative publicity.