Question 1: Eric Ries’ metaphor “diversity is the coal mine of meritocracy”
Meritocracy is term that implies a social system that gives the greatest power and highest social positions to people with the most ability. Entrepreneurs are more in the business of meritocracy than other industries. Decisions made on the basis of merit are executed faster than those based on hierarchy, politics, and titles. When a company fails to have diversity, it is a sign of dysfunction. Diversity is a source of strength for any company or team that boasts of it. Essentially, diverse teams are in a better position to make good decisions than the less diverse teams. It broadens the base of experience and ...
