Global Diversity Challenges at Lenovo

The rise of multinational companies and increased global diversification by even small companies has resulted in people of diverse backgrounds and cultures working together in the same office or for the same organization. Conflict in such situations is predictable, but understanding the diversity issues can help companies implement programs designed to keep conflict at a minimum and to take full advantage of the many benefits which such diversity brings to an organization. Key to understanding how diversity is managed in multinational organizations is understanding the concept of corporate culture (which defines organizations), diversity programs and their use to minimize conflict among employees, and the unique problems that employees

In recent years, diversity and inclusion have emerged as an essential business practice. Why are diversity and inclusion so critical to organizations nowadays? Do they really help organizations achieve better results? Why is it a unique issue in the 21st century workplace? To answer these questions, organizations should look into factors such as globalization. Globalization increases interactions around the world and diversifies the profile of the workforce, which also contributes to the changing composition of the current workforce. While globalization offers extensive opportunities for organizations, it also imposes many challenges that require new responses. Organizations are not only looking for ways to effectively manage a diverse workforce but also to leverage it to achieve better outcomes.

What is a multinational company? The best explanation of what a multinational company is simply company which operates in two or more countries. With the competition within the global market, exploration for expanding into new markets with products and services is a necessity in order to stay ahead of the competition. Gaining and maintaining a competitive edge in the global business world increases an organization’s chances of a more promising future. In order to consider reaching out into the global markets for a particular service or product, a company needs to be very successful where there company originated. In order to be a leader in the global business world, an organization has to successfully displayed financial control as well as

In today’s market almost all executives understand that their companies cannot be successful on a global platform unless they have a diverse workforce. A diverse workforce is necessary to drive innovation, foster creativity and guide business strategies. When a company has people from multiple

The concept of diversity has broadened in scope in the recent past, evolving from the concept of mandated quotas and affirmative action, to the reality of a diverse workforce being capable of providing quantifiable business value. A variety of external factors have influenced the conceptual evolution of diversity within the workplace. For example, globalization of markets has provided the concept of diversity with an opportunity to demonstrate a clear competitive advantage. A native understanding of the cultural values, norms and business practices of a foreign market can give an organization a clear advantage over their competition. Another area where diversity offers advantages is in the

The journal presented this week discusses the newly diversified workplace. Global companies are no longer the only entities with multicultural workforces. Encouraging diversity within teams or departments requires experienced leaders who can harmonize the cultures present.

Globalization sets the perfect environment to develop diversity in the workplace. This new society, in which we are currently living, has created a new workforce that is based on its diversity that can greatly help with any business development and growth. In business, diversity brings opportunities to grow, expand and reach out to other markets by utilizing the values, ideas and the diverse skills that people from many different backgrounds have to offer. Diversity it is simply the basic foundation for any business’ development.

In today’s society, with various changes occurring in demographics because of globaliza- tion it is important to focus on a more diverse workplace. Managing a more diverse workplace may cause challenges. However it will benefit the company

He points out that, all around the world‘s organizations will have to deal with managing diversity globalization not just in their countries. America’s workforce has highly concern over how cooperation can best manage their human resources such as motivation, training in increasing diversity environment.

Today, more and more organizations are moving towards the analysis of how to implement diversity as a core value. For an organization to hold people accountable for diversity expectations, leaders must implement, have a clear understanding, and practice diversity policies and procedures (Williams, 2013). By outlining a foundation together with a lateral approach leaders can encourage diversity understanding (Williams, 2013). Knowledgeable leaders are able to make certain that people are being held accountable for diversity violations and ensure that organizations are doing business that reflects its core values (Williams, 2013). The changes and demands of today’s organizations require leaders to be more aware of diversity issues. Immediately addressing diversity issues allows cooperation’s to be more productive and competitive (Kotter, 1980).

The world offers significant business opportunities for every company, however, opportunities are accompanied by significant challenges for managers. Managing global operations across diverse cultures and markets represents a big challenge and opportunity for companies. To compete in the global market and be successful, companies must learn the strategies, policies, norms and technology necessary to conduct international business. The opportunities for global expansion are numerous, and attaining success is a matter of developing the right strategy to win local markets and its consumers.

Running multinational companies is always a challenge given that every country they operate from has the different market environment. Proper managing team is required in order to set and implement the best strategies together with policy framework. This paper is going to evaluate the Citigroup.inc Company briefly as an example of multinational companies

Companies can decide to go global or to enter international markets for various reasons, and these different objectives at the time of entry that enable the business to produce different strategies and the performance goals, and even forms of market participation.

As trade increases hyper-competition grows forcing organizations to go global. By a company going global it requires them to rethink strategy and reform (Ananthram and Pearson, 2008). Global organizational structure is the way a company aims to merge local preferences with global strategy. The definition of global strategy is “strategic choices that have the characteristics of being globally uniform or integrated,” (Yip et al., 1997) such as standardization of products, uniform marketing, and competitive moves, but all globally (Townsend et al., 2004; Zou and Cavusgil, 2002; Bayraktar and Ndubisi, 2014). Global strategic strategy is a way to adjust to globalization. Globalization is “the economic and social process by which economies and communities grow inextricably interdependent “(Jhirad et al., 2009). The recent financial crisis (Das, 2010), large amount of poverty, and climate change are all problems that show how the world is globally connected because all countries impact each other (Jhirad et al., 2009).

Many opportunities are associated with a culturally diverse workplace and global expansion may have potential to provide just such a diverse work group. Cross-culturalism in business can provide leaders and employees with a wonderful opportunity to work with people from different backgrounds and cultures. In addition, “the more opportunities for business leaders to interact with people from different cultures, the more likely they will be to have positive attitudes from different cultures and identify, learn and apply diverse culturally-appropriate business behaviors” (Caligiuri & Tarique, 2012, p. 614). Culturally diverse environments offer a multitude of benefits including “the variety of perspectives, skills and personal attributes” (Matveeve & Nelson, 2004, p. 254). Moreover, multicultural teams have potential to “generate more ideas of higher quality in brainstorming tasks” (Matveeve &