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Embracing diversity is not only ethically correct it leads to bottom line benefits and is a small business s competitive advantage.
Definition diversity in business. Actively review your management practices and think of ways that you can promote worker diversity. How businesses benefit from diversity. Diversity provides organizations with the ability to compete in global markets. 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. 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. The business case for diversity stems from the progression of the models of diversity within the workplace since the 1960s the original model for diversity was situated around affirmative action drawing strength from the law and a need to comply with equal opportunity employment objectives implemented in the civil rights act of 1964.
And over the years it has become less a case of simply factoring in age gender and race and more about hiring a wider range of people to add value to businesses. It takes time and a commitment to celebrate diversity. Inclusion and diversity are fundamental to any business. For diversity to bring strength it should be valued in the corporate philosophy.
But diversity and inclusion in the workplace isn t just a hiring fad. Workers must be open minded and non judgmental in order to truly understand how cultural diversity can impact the workplace and make it better. Equal employment opportunity was centered around the.
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