Taking Advantage of Diversity to Strenthen a Business

Diversity is vital in today's workplace. Having a diverse workforce opens up a wealth of possibilities and helps to encourage creativity and innovation.

Regardless of how diversity is defined, it is an issue that is sweeping the nation. By the 21st century, racial and ethnic minorities will constitute 25% of the U.S. population, affecting the makeup of the U.S. labor force (7). By the year 2000, women will constitute 47% of the total workforce and the average age of the workforce is expected to increase from 36 in 1986 to age 39 (7). If the corporate society does not address the issue by learning how to manage diversity, they will fail.

However, from the beginning of time, there has been a misinterpretation of the word "diversity" in the workplace. People can dress it up with fancy words, but they cannot deny the fact that diversity within the labor market solely means employing a person regardless of his or her job qualification but based

Diversity is what makes people different, not just culturally but in human differences. Having a multitude of differences in the workforce gives an organization the ability to use many ideas to reach a common goal. A person could say that a diverse group of people together in one room can accomplish greater achievements than a room filled with the same types of individuals. Managers understand the concept of diversity, and how important diversity is to the success of a company’s ability to implement programs that continue to develop a harmonious and diverse workplace. The recognition that diversity is a reality in the workforce has generated an enormous amount of activity over the years among leaders in business, government, and civil

A business is made up of many different things. Some are smaller and independently owned. Some are larger and may be bought by lots of partners. The larger companies also could have been a smaller company that a larger corporation has bought to offer jobs for a community. It doesn?t matter how big or how small all of them are important to our communities so that we can all pay our bills. Managing diversity is also important because of discrimination issues. You have to make sure that whatever the company is about whether its goods or services, all play a major factor in sending out the best products that money can buy.Dependable employees are also very important to a company usually, people with education and experience will do a great job.

Professor Duffy, corporations that have diverse business environments can provoke respectful relationships by creating modern employment policies and techniques that address discrimination issues and suitable conduct. In addition to this, employees should refrain from disrespecting their coworkers and they should also make employees feel comfortable when they are engaging in anti-discrimination business training's and activities. Corporations should also urge employees to increase their communication with coworkers and they should avoid giving employees preferential treatment. When I worked in diverse business environments, it was always necessary for employees to attend educational classes that taught us about other coworker’s cultures and

America's past should teach America's today that success lies within diversity. In order to achieve ultimate success, diversity is a necessity. Workforce diversity is a fact of organizational life. It is also a key concern for theory and practice in organizational behavior ( van-Knippenberg, De-Dreu, Homan, 2004).

As companies become more diverse in the work field employees are getting harder to manage and understand. One issue in the global market today is workplace diversity. Workplace diversity is defined as all characteristics and experiences that defined each employee as individuals, but it can also be misunderstood as discrimination against employees. Diversity can include race, ethnicity, sex, religion, disability and sexual orientation discrimination. One reason why workplace diversity is important is because when you respect your employees productivity rate rises and many companies do not know that. A diverse workplace targets to create an inclusive culture that values and uses the talents of all employees.

The first thing to acknowledge about diversity is that it can be difficult. In the U.S., where the dialogue of inclusion is relatively advanced, even the mention of the word “diversity” can lead to anxiety and conflict. Supreme Court justices disagree on the virtues of diversity and the means for achieving it. Corporations spend billions of dollars to attract and manage diversity both internally and externally, yet they still face discrimination lawsuits, and the leadership ranks of the business world remain predominantly white and male.

Over the course of time, people from many different cultures have migrated to the United States, making our nation and workforce a melting pot of languages. According to the U.S. Census Bureau, it is estimated that currently more than 300 languages are spoken in the United States. This makes it a daily challenge for companies who provide us with our daily needs and wants, it is evident that not all companies hire one person per every language spoken in the United States. However it is important that companies make an effort to hire a diverse workforce. There are many pros to hiring diversity, for example an increase in sales due to a larger market, better customer service, and

The need to understand diversity is also driven by women in the workplace. Today's workforce has the highest levels of employment participation ever by women. The number of dual income families and single working mothers has increased. Change in the family structure means that there are fewer men and women in traditional family roles (Zweigenhaft and Domhoff, 1998). Therefore, diversity issues cut across both race and gender.

The face of business has been changing very rapidly from national to global environment over the years through technological advancements (McFarlin & Sweeney, 2013, p. 4). Emerging markets in developing countries continue to provide tremendous business opportunities for big corporations and multinational companies (McFarlin & Sweeney, 2003, pp. 5-6). Consequently, many business organizations have begun incorporating strategic measures in their operations to align with the changing demands of a diverse global market. They acknowledge the fact that modern business opportunities have grown beyond national walls. However, there is no absolute guarantee that setting up international business ventures will automatically lead to better financial performance of a firm. It comes with a challenge – the challenge of incorporating workforce diversity and managing it efficiently with a view to achieving steady growth in productivity, revenue and profitability. Recognizing the enormous challenges of cultural differences and ideologies in cross-national business environments, McLauren (2009) believes that diversity management “needs to be seen as the business plan, essential to successful products and increased sales. This is essentially true in today’s global

The impact of diversity in strategic marketing in today’s society has increased in the American population. Before we get in depth with this let’s find out what is diversity marketing according to (diversity marketing) Customers in different cultures have different values, experiences, expectations, and ways of interacting. Even within a culture, such differences will be apparent between different subgroups not just ethnicity, but also age, gender, profession, religion, family size, physical environment, and more.

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.

Diversity can be defined as the differences among the people working in the same workplace. Those differences can be related to gender, race, religion, marital status, sexual orientation, culture or personalities.