Question

Question 1: How diversity impacts the globalization of the business? Draw contrast using pros & cons of the aspect?

Answer 1

Diversity impacts the globalization of the business in both positive and negative manner. In a positive manner, diversity helps an organization recruit best talent without any consideration of caste, creed, color, sex, age, religion, culture etc. A diverse workforce helps in bringing different perspectives and creates a positive work environment. It also helps in creation of talented, experienced and skilled workforce which are extremely motivated and work towards achieving organizational goals. If considered from a negative viewpoint, it becomes difficult for a person with different set of cultural beliefs and values to adjust to the local culture and traditions and mix up with the local people in a situation when that person is employed in a foreign subsidiary of the organization. It becomes challenging to get accepted as a part of workforce and learn the local traditions and customs to become party of the group which is a big drawback of recruiting diverse workforce in a local region. It also results in employee's performance getting affected and motivation level going down.