Equity Theory As a (Terrible) Strategy for Growth
It’s hard to imagine a worse business plan than adopting equity-based discrimination. Not only does it make racism and sexism workplace centerpieces, but it works toward equality of outcome without regard to merit or achievement. If those things are not rewarded, they will disappear, as the highly qualified leave for places that offer such rewards, while those who remain stop trying. That in turn will push investors away from the company — creating two vicious cycles that together will whirl a company down the drain.
