Diversity
Business
(noun)
A variety; the quality of being different
Management
Examples of Diversity in the following topics:
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Managing Organizational Diversity
- Management may encounter significant challenges in incorporating diverse perspectives in group settings, but managing this diversity in the workplace is essential to success.
- A team or organization's diversity can include diversity across religion, sex, age, and race, but can also include diversity across work skills or personality types.
- Having a separate diversity statement (similar to a mission statement) is also a good way to underline how an organization is committed to diversity.
- Managers must also actively work to achieve diversity in work groups, arranging assignments strategically to capture the inherent value of diversity.
- From the diversity-management perspective, a diversity scorecard, which identifies both how diversity interacts with other long-term objectives and how observation/feedback could be implemented to assess it, is of high value to managers looking to improve their diversity management skills.
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Diversity of Angiosperms
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Diversity and Entrepreneurship
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The Importance of Organizational Diversity
- It is widely noted that diverse teams lead to more innovative and effective ideas and implementation.
- Diversity also enables hiring of various individuals with diverse skill sets, creating a larger talent pool.
- While diversity has clear benefits from an organizational perspective, the threat in diversity comes from mismanagement.
- Due to the legal framework surrounding diversity in the workplace, the underlying threat to mismanaging diversity arises through neglect of relevant rules and regulations.
- Identify the advantages and challenges inherent in employing diversity within organizations
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Challenges to Achieving Organizational Diversity
- Due to the rapidly increasing amount of diversity in varying countries and companies, achieving diversity is of extremely high business value.
- Identifying which components of diversity should be overtly emphasized and discussed, along with how to confine their definitions, is the first substantial challenge in diversity management.
- Another challenge faced by organizations striving to foster a more diverse workforce is the management of a diverse population.
- Managing diversity is more than simply acknowledging differences in people.
- Diversity takes careful consideration to implement effectively.
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Building a Diverse Workforce
- Diversity in the workplace is optimally achieved through effectively identifying and attracting diverse talent, training that talent to maximize its contributions to the business, and retaining that workforce through effective management and compensation.
- Diversity training is heavily dependent on identifying an individual's cultural norms and values.
- Combining these three strategies—attracting diverse talent, training a diverse workforce, and achieving high levels of retention—stands to capture substantial value for multinational organizations.
- This chart illustrates the three steps necessary to manage a diverse workforce: Attracting a Diverse Workforce, Training a Diverse Workforce, and Retaining a Diverse Workforce.
- Diagram a step by step process enabling companies to effectively integrate diversity into their organizations to align with globalization and identify the processes and procedures used to on-board culturally diverse employees
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How Businesses Benefit from Diversity
- Diversity brings substantial potential benefits such as better decision making and problem solving, and greater creativity and innovation.
- Diversity is beneficial to both the organization and its members.
- Diversity provides organizations with the ability to compete in global markets.
- Simply recognizing diversity in a corporation helps link the variety of talents within the organization.
- But there are still many challenges to fostering an inclusive environment in the workplace for diversity of thought and ideas.
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Trends in Organizational Diversity
- To capitalize on ethical and economic benefits, businesses are promoting increased diversity in the workplace.
- Diversity within the workplace is a broad topic, incorporating both the need for social justice and the high potential value of employing a workforce diverse enough to compete in an increasingly global economic environment.
- As a result, the workplace has undergone a number of trends that promote diversity and minimize group biases, as the ethical and economic importance of diversity is well-established.
- The social justice model of diversity is distinct from the older affirmative action in that it focuses less on employing minorities and more on the value of a diverse workforce.
- The ethics of diversity in the workplace are rightly emphasized.
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Defining Diversity
- Diversity in an organization should reflect a globalized and multicultural workforce where value is placed on diversity of thought.
- Women entering the workforce created diversity.
- A multicultural or diverse organization not only contains many different cultural groups, but it values this diversity.
- In this globalized economy, a multicultural workforce should reflect a diversity of thought.
- Productivity and costs can be analyzed to assist in building the business case for diversity.
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Economic Importance of Small Businesses
- Because of the challenges individuals sometimes have in incorporating diverse perspectives in group settings, managing diversity in the workplace is essential.
- A team or organization's diversity can include diversity across religion, sex, age, and race, but can also include diversity across work skills or personality types.
- Global businesses demand management that can work in a diverse environment.
- Diversity training is another way that managers and other employees can manage diversity in the workplace.
- Global business demands management that can work in a diverse environment.