Chapter 15
Diversity in a Global Business World
By Boundless
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In the modern global market, diversity is essential to generating innovative ideas, understanding local markets, and acquiring talent.
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Corporate cultures that display characteristics of global awareness and inclusion capture critical benefits of workplace diversity.
Cultural intelligence is the ability to display intercultural competence within a given group through adaptability and knowledge.
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To capitalize on ethical and economic benefits, businesses are promoting increased diversity in the workplace.
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Managers capable of contemplating the varying cultural, gender, or ethnic backgrounds of their workforce can optimize collaboration.
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A diverse workforce is achieved by identifying, attracting, training, and retaining individuals through effective management.
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Managing diversity and inclusion in organizations is a critical management responsibility in the modern, global workplace.
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Companies seeking a diverse workforce face issues of assimilation into the majority group and wage equality for minorities.
There are various challenges to achieving diversity at individual, interpersonal, and organizational levels.
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Cognitive biases carried by individuals in organizations can create negative outcomes and reduce diversity of perspective.