Question

Companies that manage diversity effectively have a strategic advantage because they are able to foster innovation, serve a diverse customer base, and avoid expensive lawsuits and public embarrassment. this statement is true or not? Provide an example of a company do that.

Please do not copy from The internet and paste.

Thank you,

Answer 1

The statement is completely true.

There are many companies that manage diversity effectively in workplace. Deloitte, S&P global, JP Morgan are few examples. All these organisations enjoy the following benefits:

· A diverse organization is more productive.

· Diversity in the organization helps in increasing the creativity and enhances the way the employees interact with each other.

· Diversity helps in knowledge sharing.

· Diversity in the organization helps in the broader lookout.

· It helps in maintain a balance in the targeted customers.

· When managed effectively, organizational diversity provides a greater opportunity for the employees in both personal as well as professional growth.