Chapter 15
Diversity in a Global Business World
By Boundless
In the modern global market, diversity is essential to generating innovative ideas, understanding local markets, and acquiring talent.
Corporate cultures that display characteristics of global awareness and inclusion capture critical benefits of workplace diversity.
Cultural intelligence is the ability to display intercultural competence within a given group through adaptability and knowledge.
To capitalize on ethical and economic benefits, businesses are promoting increased diversity in the workplace.
Managers capable of contemplating the varying cultural, gender, or ethnic backgrounds of their workforce can optimize collaboration.
A diverse workforce is achieved by identifying, attracting, training, and retaining individuals through effective management.
Managing diversity and inclusion in organizations is a critical management responsibility in the modern, global workplace.
Companies seeking a diverse workforce face issues of assimilation into the majority group and wage equality for minorities.
There are various challenges to achieving diversity at individual, interpersonal, and organizational levels.
Cognitive biases carried by individuals in organizations can create negative outcomes and reduce diversity of perspective.