Before I want to start writing about diversity, I would like to define the term diversity. Well, today diversity refers to far more than skin colour and gender. It is a broad term used to refer to all kinds of differences. These differences include nationality, religious affiliation, ethnicity, age, sexual orientation, gender, race, economic class, education level, lifestyle and so on.
Having said that, the United States is one of the best examples of the diversified country in terms of all those differences. Similarly, the U.S. is also considered as “melting pot” for the rest of the world. Interestingly, due to a huge number of immigrants from one country to another, managing a diverse workforce has become the really challenging task for any nation.
In the corporate business world, managers who lack the skills to work with effectively manage men and women of different colours, cultures, ages, abilities and backgrounds will be at a significant disadvantage in their careers. And, organizations do not take the issue of managing diversity seriously will leave their organizations not only open to legal challenges, but also far less able to compete effectively at home or abroad.
However, to quote Blake Norstrom, “So in order to diversity that, we have to have someone for everyone. So when our customers shop with us, they need to see people who reflect themselves, whether that’s ethnicity, age or whatever.” Hence, by precisely understanding the meaning of diversity should always help to achieve organizational goals in the long run.
Today’s immigrants are willing to be part of an integrated team, but they no longer are willing to sacrifice their culture identities to get ahead, too. Nor will they have to do so. Companies are recognizing that they should be more accommodating of differences, and doing so pays off in business. Managers must realize that their customers have become increasing diverse and that retaining a diversified workforce can provide a significant competitive advantage in the marketplace.
Research shows that the stock performances of firms that are high performers on diversity-related goals are over twice as high as that of other firms. Likewise, companies with the highest percentage of women among senior managers have a significantly higher return to shareholders than companies with the lowest percentage. To be competitive, therefore, diversified people are supporting tools for organizations. In addition, they are more likely to increase the flexibility and responsiveness of the organizations to environmental changes.
All in all, in today’s competitive world diversity should be required in various sectors. After all, knowledge shared is in applied in any field rather than so-called stereotyping negative attitude in the organization at all. Everyone, no matter what their age, is a teacher and a curious learner.
Finally, I’d love to know what your opinion is. This post is for you to add-on to, if you like to do so. Stay safe and warm! Thanks for reading and have a great day!