With the world going to International Accounting Standards, poverty reduction is part of the sustainability efforts. It is suggested by (Sumner, 2005) that globalization of the world's market economies is a root cause of increasing feminization poverty everywhere. The world's poverty is mostly with women and minority groups, making gender and diversity a big part of sustainability. Sustainable development is meeting the needs of the present without compromising the ability of future generations to meet their needs (Anon., n.d.). In poverty situations, people do not look at the needs of future generations. They are busy trying to meet needs for today. By companies working to reduce poverty in the sustainable efforts, they are including diversity and gender in the sustainability plan. Gender and diversity enables greater innovation, stronger problem solving capability, greater customer connection, increased morale, motivation, and engagement (Anon., n.d.). Society is changing and it is imperative that businesses change with it. Businesses need to understand the different cultures, needs, and sensitivities of customers (Green, Spring 2011). Diversity represents customer values, such as sustainability, different solutions coming from different backgrounds and experiences, and represents the communities they live in. No one can truly understand a certain culture except the ones that have been born and raised in that culture. Having a gender and diverse mix of cultures on staff
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 World is a diverse place; changing demographics, globalization and generational gaps. Diversity is the mix of people who make your organization. The workforce, including leadership should represent and look like the community in which business is conducted. Work place diversity is the key to survival and growth and is an essential business tool. Diversity promotes inclusion within and across business units and help all employees understand and respect individual differences and the value of everyone’s unique talents. Different types of people bring different talents and competencies to the table. Inclusion allows people to be themselves at work and letting them know they are valued regardless of their age, gender,
Findings and Conclusion: This research shows that women are still unrepresented in top management globally. The difference in performance of the companies in the same country and same industry implies that diversity serves a competitive differentiator. Certain companies focus on gender diversity and others focus on ethnic and racial diversity but no company in the top quartile focus on both. Companies which have greater diversity are able to attract top talent, improve internal and external customer satisfaction, improve decision making and hence improve
Organizations who make a commitment to diversity can see a significant impact on business in many ways. Diversity “requires a significant commitment for change to occur” (Delong, 2007, p.9). It is extremely important that leaders understand the commitment and embrace it in order for a positive impact to occur. Employers with diverse cultures and leaders can build positive and successful relationships with customers, suppliers and vendors. They can better attract and retain top talent. All of these equal more financial gain for the company.
Organizations must stop visualizing diversity as an issue and start seeing it as a benefit for the organization. There are several reasons why a diverse workforce will add value to a company. Most businesses, either large or small, work on a global scale; the information age has brought the entire world a lot closer. Having associates that can deal with different cultures around the world is crucial to an expanding business. A diverse workforce will help to build more rounded individuals with experience they will gain from a mixed environment. Customers will benefit from the diverse workforce because a company that makes a choice to be open and flexible with its associates will more than likely be easy to work with in a business relationship. Probably the most important aspect of having a diverse workforce is the vast knowledge gained by pooling the different life lessons, cultures and experience together thereby allowing everyone the chance to learn new and different business practices (Sappal, Pepi, 2002).
Poverty has increasingly become a noticeable issue worldwide over the past couple of decades. With the middle class steadily decreasing, considerable amounts of people are becoming part of the lower class, and even more of our world’s population are beginning to live in poverty. It is important to understand there are different definitions of poverty, and that is largely determined by what each country’s government determines as the cut off of poverty, otherwise known as the ‘poverty line’. Although some people could live above the poverty line, and still be struggling financially, it goes unrecognized by most research collection. However, what was initially noticed around the 1970’s is that there was a significant rise in women’s poverty statistics. More female-headed households were living in poverty, and a majority of those women belonged to a minority. This recognizable trend has been deemed the ‘feminization of poverty’, which according research is not only a growing problem in North America, but several other countries around the world. Information gathered about this issue in the United States shows that female-headed households is by far the fastest growing type of family structure, and due to the fact there is a growing poverty level amongst this group, it now means that approximately half of the all the poor in the United States live in a women-headed family and household. (Gimenez, 1999, p. 336) The biggest question when is comes to this particular topic is why?
Today’s management in the workforce is composed of all types of people verses thirty years ago when white males held a majority of upper-management positions in companies. These positions are now held by a mixture of ethnic back grounds and women who hold just as many if not more management positions then men. Just by looking at the changes in management demographics shows how important it is for people to understand cultural competency in the workplace. Dr. Roosevelt Thomas Jr. (1999) stated, “Diversity is the collective mixture of whomever we have in our workforce characterized by their differences and similarities” (p.11). Managers and supervisors must understand the characteristics of a diversity mature individual; they also need to be
Adaptability is a great advantage for a workplace for all who are connected to it. Companies where customer service is a significant aspect, flexibility gives the ability for the promotion of the workplace and for the association with customers. If there is the ability to do this and provide service to consumers in their culturally appropriate tongue, the array of customers allows for the comprehensive understanding of what is wanted. The presence various social and ethnic backgrounds in a workplace allows for this to happen (Greenberg 2013.) Another advantage of a culturally diverse workplace is the many different views on an issue that can be accessed. The immense assortment of viewpoints that people of different cultural backgrounds can have is astonishing. The effective resolution of matters can be made possible due to this, whether there are issues regarding general workplace administration, or even possible discriminatory concerns. Similarly, the overall productivity of organisations can benefit from a diverse workplace as well. Varied abilities allow for communication between
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)
Poverty is an issue that is faced by multitudes of people around the world. Poverty itself is defined as, “the state of being poor” (Merriam Webster). According to Sara S. McLanahan, of Princeton University, “In the United States, poverty is defined as not having enough income to pay for basic needs, such as food, clothing and shelter. Poverty is a family attribute. In other words, if a family is classified as poor, all the members of that family are also poor” (McLanahan, n.d.). The U.S. Census Bureau, in 2013 shows, “there were 45.3 million people in poverty” just in the United States (U.S Census Bureau, 2013). From those living in poverty, in the same year, “the ratio of the female poverty rate to the male poverty rate was 1.2---women were 20 percent more likely to be poor than men” (Mykyta, 2013, p. 2). Also, “of all people categorized as in poverty in 2011, approximately 56 percent were women” (Mykyta, 2013, p. 2). Sakiko Fukuda-Parr, director of the Human Development Report, portrays a simple truth, “women are poorer than men” (Fukuda-Parr, 1999, p. 99).
In today’s society there are many culturally diverse people in the workforce. Most organizations can no longer make the assumption that every employee has similar beliefs or expectations. When entering into the global marketplace, people are considered one of the most valuable resources to an organization’s success. A well-managed culturally diverse workforce has the potential to thrive if managed correctly; or if mismanaged, there can be devastating negative attributes. With great expectations, culturally diverse employees can foster positive outcomes in the workplace. A company’s acknowledgement to embrace diversity and change, and implement the value of management techniques are
In a world that has grown increasingly smaller due to mass media, world travel, and readily available information, the workplace has grown increasingly diverse in both gender and cultural aspects. Individuals no longer live and work within the confines of their geographic locations. At almost any position with any company the individual employee is a part of a larger world economy that harvests assets from the ends of the earth. Because of this, companies seek to capitalize on diversity to become more creative and flexible in their business models.
The world's increasing globalization requires more interaction among people from diverse cultures, beliefs, and backgrounds than ever before. People no longer live and work in an insular marketplace; they are now part of a worldwide economy with competition coming from nearly every continent. For this reason, profit and non-profit organizations need diversity to become more creative and open to change. Maximizing and capitalizing on workplace diversity
Every city has poverty. Travel around the world, I bet it wouldn’t be difficult to find a city that doesn 't have an impoverished community. Poverty is a global issue, but most importantly it’s a local issue to me in the city that I live in. Among the 10 largest cities in America, Chicago has the third highest poverty rate with 40-60% of our residents living under the poverty level. People who live in poverty are given less opportunities, resources and tools than people who live in the middle or upper class. Poverty is not a pleasant subject, however, poverty is real. In the daily lives of the poor, poverty becomes a network of disadvantages. The end result is that there is a lack of access to education, employment, health care, affordable housing, proper sanitation and good nutrition among many generations of the poor (End Poverty). Of the issues associated with poverty, the lack of access to an education stands out to me the most. In Chicago, education is greatly valued and is vital for all development and growth achievements in people. Education is the process in which people gain knowledge, help form and shape attitudes and opinions, and allow people to gain a set of skills that they can further use in areas outside of a school environment. However, education systems in Chicago are taking a huge deficit due to the effects of poverty. The effects of poverty are already big factors toward the concern about Chicago, and why it is portrayed as negatively as it is, but those
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.