Diversity For Success Of The Company

Diversity is a wonderful asset to an organization and brings with it many benefits. Employees bring in their own personal experiences and knowledge to the team (Burns & Kerby, 2012). Having diverse teams allows for the possibility to fix a problem or perfect a process by using different employee’s experiences and past knowledge to find solutions. A diverse workforce can drive economic growth and capture a greater share of the consumer market (Burns & Kerby, 2012). With diversity as a core value, the recruitment pool is widened to find the most qualified candidate and reduces employee turnover as a result. An organization can be highly competitive with a diversity initiative by adapting to a changing environment (Burns & Kerby, 2012).

The purpose of this paper is designed to introduce, educate, and promote diversity within your company. Your company will be shown the merits of diversity and how diversity within your organization can be a benefit. This paper will be broken down into three main areas: Benefits of Diversity, Challenges of Diversity, and Recommendations for an effective diversity within your organization..

The way in which an organization tackles diversity determines its negative or positive outcome. All the 5 companies agreed that diversity has contributed to their success. Some barriers were identified in managing diversity like the difficulties faced by women in managing the work and family, fear of discrimination, resistance to change, diversity is not seen as an organizational priority, resistance to change and unsupportive working environment for diverse employees. Diversity contributes to more productivity but if not properly managed could hinder success.

Cox and Blake (1991), maintained that cultural diversity would impact six areas of organizational effectiveness, including the capability to attract human resources, cost, innovation, creativity, and problem solving, marketing, and flexibility. The revealing fields studied were innovation and creativity, problem solving, and structural flexibility, this was accomplished through information and decision making processes. Creativity and innovation can be supported by "diversity of perspectives and less emphasis on conformity to the norms of the past" (Cox and Blake, 1991, p. 47), which will increase the ability of the organization to create and innovate. The problem-solving contention maintains that better decisions would be produced through additional perspectives developed in various problem solving groups (Cox and Blake, 1991). Finally, the flexibility argument designates that multicultural management practices would result in changes that meant "that the system will become less determinant, less standardized, and therefore more fluid" (Cox and Blake, 1991, p. 47). These fluctuations are likely to increase the

a. Diversity is an ethical imperative for any organization; it is “A major local, national, and international challenge and an opportunity for every human being if we are to live in a peaceful and healthy world”. As a leading organization in the Healthcare industry, “The twenty-first century managers know that managing diversity is a key fundamental strategy to effectively manage employees to get results. Therefore, for the twenty-first century organization, the true sustainable advantages and a long-term competitive edge come from the success of each individual manager and employee within the organization” (Alexander, 2015 pg. 13). The case for diversity consists of diversity 's contribution to one or more of four factors. The four are, “increasing revenue or gross margin; enhancing compliance or reducing litigation risk; enhancing corporate goodwill (to become the "employer of choice);" and as part of tone at the top, when corporate leadership believes diversity is "the right thing to do." (Orenstein, 2005 pg. 22).

Managing diversity within a company is an important task that can have a major effect on a business. Diversity is measured in different aspects such as supplier diversity, affinity group diversity, employee diversity and technology diversity. The most common area of weakness in diversity with companies is employee diversity. This area of weakness has been a steady controversy for many large and small companies. Not every company struggles with diversity issues, in fact some companies exceed in being a diverse business. Not only does diversity factors like innovation, enhanced creativity, and cost savings benefit a company but it also puts them in favor with the public eye. Past controversies have shown that diversity can play a key factor in

The general line of reasoning is that if we learn to incorporate each other’s diverse traits and characteristics in the workplace, we can then use these differences to foster an innovative environment, which will give the company a competitive advantage over the competitors that do not accept workforce diversity. According to the Allied Academies International Conference, “Diversity is rapidly becoming a common practice among companies due to the increasing number of minorities entering the job market today. As these groups become more prevalent throughout companies, upper-level employees are facing numerous challenges when determining what changes must take place to create a positive working environment for everyone. Management is responsible for the development and implementation of effective policies directly relating to diversity to ensure the acceptance of minorities into the workplace and to aid in minorities’ success through equal opportunities and treatment.” (Marcia L. James, 2001, Academy for Studies in International Business Proceedings)

An organisation that promotes diversity shows their employees that they don’t have to worry about their ethnicity or cultural background in order for them to progress in that company. Only relevant things like competency and the knowledge of the work matter the most. (Bryan, 1999)

Diversity in big business is not only positive for a company, but also benefits employees personally and communally. Diversity is a word that is being used more and more, it has such a broad meaning that it can be tied to almost anything about a person place or thing. In the case of diversity in the workplace it mostly means different types of people, whether it’s gender, race, ethnicity, religion, height, weight; too many variations to list bringing up the broadness of the term and how it is used in everyday vernacular. Big business diversity has continued benefits throughout the workplace. The expansion of different people may make some nervous but by doing so will also

Diversity in the workplace has been a very knowledgeable course in which sometimes I have been challenged on my own thought process and beliefs. As I move forward in my studies and life I plan to expand my awareness of recognize my own ethnocentricities and respect the benefits of other cultures diverse values and behaviors. As I make the move into management I plan on applying what I have learned about diversity management and how as stated in (Canas & Sondak, 2014)creates not only a competitive advantage in consumer markets but an environment in which differences are “valued and allowed to influence positively [organizational members’] experience in and contribution to the work of the organization. Looking back on my research paper when deciding what company to choose my audit for I found each company has the same concept that would be they could change the world through diversity in the workplace. I plan on taking this business belief and applying it to my company and show the success that it has brought to other companies.

In today’s workforce, diversity and inclusion are key components for organizational success. Companies who realize that their human assets are one of the most, if not the most, important resource available to them aim to create an environment that embraces the similarities and differences present in its employees. Additionally, these organizations create a culture in which inclusion is a core component, advocated and demonstrated at all levels. One diversity characteristic is that of age. Due to many reasons, such as medical advances and the economic recession (Meister & Willyerd, 2009), older generations are putting off retirement. This delay in retirement has changed the landscape of today’s workforce; there are currently four distinct generations within the workforce (Coughlin, n.d.) and by 2020, there will be five (Meister & Willyerd, 2009). This generational spread creates unique challenges for both managers and employees alike.

Diversity is a concept that is of vital importance in the workplace. According to (Ruth

The important factor in a company is the people; as we have yet to see the age of robots, businesses still require the use of humans for day to day workflow. But how does Diversity help a company succeed?

Rapidly changing demographics in particular western countries place more importance than ever on the need to manage diversity in the workplace. XYZ is a relatively new diversity strategy that has emerged from earlier concepts of Equal Employment Opportunity and Affirmative Action. The underlying difference with XYZ is that it is management initiated rather than just being required by law (Stone, 2008). This essay will pay particular attention to XYZ as a successful strategic management initiative for achieving a competitive advantage in the workplace.

Organizations have been becoming increasingly diverse in terms of gender, race, ethnicity, and nationality. This diversity brings substantial potential benefits such as better decision making, greater creativity and innovation, and more successful marketing to different types of customers. But, increasing cultural differences within a workforce also bring potential costs in higher turnovers, interpersonal conflicts, and communicational breakdowns. The utilities of diversity training and the essential managerial skills required for effectively managing diversity will also be discussed.