Diversity
What is Diversity?
The term diversity refers to the combination of ethnicities, cultures, genders and ages within a large or small group of individuals.
List and discuss the six areas that Cox and Blake proposed as reasons for valuing diversity. What other reasons for valuing diversity can be added to this list?
Cost -- The failure to effectively diversify an organization's human resources almost always comes with substantial costs. Most often, minorities are overlooked in the workplace and become highly dissatisfied in their positions; thus causing high turnover rates.
Resource Acquisition -- Knowing that members of cultural minorities represent growing segments of the labor force, it is important for firms to effective consider and subsequently acquire these valuable resources.
Marketing -- An organization's capacity to appreciate its diverse workforce will directly carry over into marketing efforts to diverse consumer groups.
Creativity and Problem Solving -- People from different cultural backgrounds are able to provide alternative perspectives and thus increase creative potentials...
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