The most important component of good management is ensuring “diversity of mind,” says Larry Fink. The Co-Founder and CEO of BlackRock explains talent management at the world’s largest asset management company in a four-minute video from McKinsey & Company.

Not only are we looking for the best-quality person in a role, we are reviewing gender and the composition of our team in terms of culture, ethnicity, and race. I think one of the areas of diversity that we don’t talk enough about is diversity of mind.

– Larry Fink

If you don’t prefer video, the transcript of the conversation is also available to read.

Solving for Diversity