Diversity Management - 1955 Words

Managing Diversity* July 2009 Creating competitive advantage through cultural dexterity Highlights †¢ Cultural dexterity is a business skill that enables effective collaboration and communication among people across multiple dimensions of diversity. †¢ Collaboration within a group of diverse people, who approach problems from different perspectives, improves corporate performance. †¢ The environment a company creates can enable—or impede— the success of its employees. †¢ Leaders are personally accountable for creating a culture in which all employees clearly understand what success is and how to achieve it—and are actively encouraged to participate. Facing continued economic uncertainty and concerned with the short-term demands of†¦show more content†¦Growth in the US working-age population in the next four decades will drop more than 60% from that seen in the previous four.1 By mid-century, the population of Caucasians in the US, currently about 70% of the total, will drop below 50%.2 In an increasingly tight—and diverse—labor market, companies will need cultural dexterity to attract and retain talent. The creation of an inclusive culture that encourages productivity, creativity, and loyalty among all employees does not happen overnight; companies that begin today will be more competitive in tomorrow’s market. 1. PricewaterhouseCoopers. 2008. American perspectives. New York: PricewaterhouseCoopers LLP. 2. US Census Bureau. 2008. 02 A basis for resilience What is the likelihood that a woman will lead your organization in the next five years?†  A. A woman is currently CEO of my company. B. It is likely. C. It is unlikely. A 5% Navigating today’s economy and anticipating tomorrow’s opportunity require an expanded way of thinking. In that context, the diversity of an organization’s talent base may be its greatest asset. The concept of diversity is commonly framed around the traditional lines of race, gender, sexual orientation, and cultural and educational background. Those dimensions are critical in their own right, but when properly managed, they create cognitive diversity. This presence of multiple ways of thinking enables what futurist and Diversity Leadership ForumShow MoreRelatedManagement of Diversity in Organization2147 Words   |  9 PagesManagement of Diversity in Organization Abstract 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.Read MoreThe Diversity And Cultural Diversity Management1634 Words   |  7 PagesïÆ'Ëœ Which advantages do Cultural Diversity and Cultural Diversity Management have ? The complexity of the current economic climate demands creative and innovative business approaches and presents the opportunity for growth in developing markets by addressing unexpected or counter-intuitive consumer needs. Shifting demographics, increasing purchasing power of non-traditional segments and a trend towards customization present a compelling case for viewing MasterCard’s business efforts through a diverseRead MoreDiversity Management2939 Words   |  12 PagesAbstract Although the advantage of managing diversity has been acknowledged by a number of researches and most managers in organizations, the practices of diversity used to be ignored or be inadequate. In Australia, the concepts of managing diversity have been introduced for more than two decades, whereas the overall performance is just about mediocre. This paper attempted to research the challenges accompanied by the introduction of diversity programs and to recommend solutions of thoseRead MoreManagement : Management Careers And Diversity Essay1744 Words   |  7 PagesManagement Careers and Diversity Introduction Ongori and Agolla (2007) state that managing workforce diversity in an organization is a complex phenomenon. They suggest that with the current organizational transformations being implemented across the globe, management of workforce diversity cannot be downplayed. Diversity in the workforce is based on the acknowledgement of the reality that people are different in more than one way, mainly in terms of culture and ethnicity, personality, religionRead MoreDiversity Management1730 Words   |  7 PagesIntroduction Workplace diversity practices refer to efforts organizations engage in to provide an inclusive corporate culture that values differences and promotes opportunities for all employees. Traditionally, diversity programs have focused mostly on race and gender and other physical dimensions. However, today ¡Ã‚ ¦s definition of diversity covers a broad spectrum of individual and group differences ranging from work styles and generational perspectives to political and religious preferences.Read MoreManagement Of Equality And Diversity1117 Words   |  5 PagesBe able to influence the management of equality and diversity in own area of responsibility. The table below highlights the observations and evaluation that I have conducted for the implementation of the University’s launch of the Equality Diversity Framework. The observation includes suggested actions and a timeframe on areas where I could influence or have responsibility and authority to change. The University implementation plan was to deliver the strategy through the development of a strategicRead MoreLeadership Initiative : Workforce Diversity Management996 Words   |  4 PagesLeadership Initiative in Workforce Diversity Management The authority of an association is tasked with the obligation of starting and driving the association s elements, cultivating productive practices and guaranteeing that their approaches and practices bolster the association s vision while being receptive to change. In overseeing various workforce, the leaders have to communicate. The changing workforce is one of the difficulties confronted by associations in the later past and most organizationsRead MoreDiversity Management Strategies913 Words   |  4 PagesDiversity management strategies IBM diversity management within the work place As explained by John (2011) IBM is the one of the biggest multinational company they are hires more than 400,000 employees over 200 countries. They recruit scientists, sales professionals, consultants and engineers. Even in the department level there are various background peoples working together for achieve common goal. So the managing several background employees are very important to increase productivity and teamRead MoreEffective Diversity Management Essay1485 Words   |  6 Pagesof work population. Managing diversity is over merely acknowledging variations in individuals. It involves recognizing the worth of differences, promoting inclusiveness and combating or uprooting discrimination. Managers may be challenged with losses in personnel and work productivity because of prejudice and discrimination and complaints and legal actions against the organization (Devoe, 1999). Negative attitudes and behaviors may be barriers to organizational diversity as a result of they will da mageRead MoreGlobal Diversity Management at Ericsson1598 Words   |  7 PagesIntroduction In response to the growing diversity in the workforce around the world, many companies have instituted specific policies and programs to enhance recruitment, inclusion, promotion, and retention of employees who are different from the privileged echelons of society. The privileged groups may vary from one country to the next. The workforce of the world is a dynamic environment, and in order for this dynamism to be put to use for the benefit of organizations, they must develop an effective