This website uses cookies to ensure you have the best experience. Learn more

The Value Of Team Diversity In The Corporate World

4816 words - 20 pages

Abstract Australian workplaces are diverse, reflecting the diversity of the Australian population. Diversity is commonly interpreted in relation to ethnicity, gender and culture. Diversity also captures the differences and similarities between individuals and group, encompassing race, ethnicity, gender, culture, age sexual orientation, religion, language, socio-economic status, education, family status, physical and mental ability. (Nicholas, 2001) These demographic variables are related to other important diversity characteristics such as values, attitudes, interaction styles, physical and cognitive abilities and non-work commitments. Within the workplace, these demographic characteristics ...view middle of the document...

Learning organisations add to the bottom line through using knowledge creation as a competitive advantage over rivals.Australian organisations compete in a global marketplace. Organisations operating internationally must develop capability to navigate culturally complex environments. Operating in other economies such as Asia where there are different formal and informal institutions challenges Australian business. Managed well, Australian organisations can mobilise the skills that reside within their culturally diverse workforce to compete in other countries and within Australia.Human resource management is an approach to managing the human resources of organisations, which recognises the importance of an organisations workforce as vital human resources contributing to the goals of the organisations, and the utilisation of several functions and activities to ensure that they are used effectively and fairly for the benefit of the individual, the organisation and society. (Schuler, Dowling et al, 1992) Schuler et al (1992) Five main functions and activities identified by Schuler et al (1992) are human resource planning, staffing, performance management, managing the work environment and establishing and maintaining effective working relationships. One of the main assertions of effective human resource management in an organisation is the direct impact on bottom line outcomes. When diversity management strategies are incorporated enhancing working relationships, the bottom line effects of diversity management can be predicted. At the same time, the symptoms of poor diversity management can be gauged through an analysis of individual, team and organisation effects and outcomes.Human resource management focuses on improving the human resource functions such as planning, staffing, appraisal and remuneration, to meet the objectives of attracting, retaining and motivating employees in order to improve organisational outcomes and potentially the bottom line. Diversity arises from the effective management of diverse opinions in decision making and problem solving which leads to enhanced creativity and innovation. Effective diversity management achieves these goals while allowing business to tap into the unique knowledge, skills and experiences of its workforce.Diversity is the scope for organisations to develop a competitive advantage in managing diverse human resources and derive the benefits of that advantage through bottom line returns. As Dass and Parker (1996) state, advantage comes not from diversity itself but rather from forging a link between the external environments fostering diversity and internal organisational systems that are capable of capitalising on it. Cox and Blake (1991) present six broad areas in which sound diversity management can create a competitive advantage to the organisation: cost, resource acquisition, marketing, creativity, problem solving and organisational flexibility. Cox (1993) later developed the value in diversity...

Other Papers Like The Value Of Team Diversity In The Corporate World

Ethics and Corporate Responsibility in the Workplace and the World

2448 words - 10 pages Ethics and Corporate Responsibility in the Workplace and the World Law, Ethics, and Corporate Governance Professor Andrea Brvenik August 16, 2014 Stakeholders & PharmaCARE Stakeholders take on many forms and guises depending on the context of the business. Experts write personal definitions and musings on what they feel a stakeholder is, while others disagree and have their own, sometimes conflicting personal findings. It

Ethics and Corporate Responsibility in the Workplace and the World

1607 words - 7 pages Ethics and Corporate Responsibility in the Workplace and the World Mohammad Hawari Dr.  Andrea Brvenik Strayer University Aug.18th.2014 Introduction PharmaCare is a national pharmacy management, staffing, and consulting company , PharmaCare is caring of producing drugs and improve of quality of life . The company offers free and discounted drugs to low-income consumers, has a foundation that sponsors healthcare educational programs

Ethics and Corporate Responsibility in the Workplace and the World

1658 words - 7 pages Assignment #2: Ethics and Corporate Responsibility in the Workplace and the World This paper will explore the common issues of what a lot of companies face when dealing with employee relations and factors in the reality of some companies that go to the extreme into violating laws to hide illegal practices. These are not isolated cases; these bad practices are more common than we think they are. It really takes a good solid manager to

The State of Our World : Capitalism and Corporate Extreme

528 words - 3 pages The state of our world today The world is coming apart at the seams. Socialists, Fascists, Communists and Religionists are fighting a different war every day. The battle has gotten over but the war will always continue in a never ending vicious cycle. But the most vicious and dangerous form of people which are threatening to take over and make the world kneel down for their own greedy agendas are the corporate slaves. These slaves are so

Diversity in the Workplace

665 words - 3 pages Changing World and Changing Work Over the semester, we have learned a lot of information about the training industry and how quickly it changes. One training trend that we have not explored this semester is Diversity. Diversity Training can be a critical topic in its own right. Because of the sensitivity of the matter companies today take diversity seriously. Diversity training is an old topic that is a renewed interest more often than you

Diversity in the Workplace

969 words - 4 pages an organization work together, that feeling of unity will extend into working with their customers. Organizations that have a more diverse work group will be able to offer a wider variety of services and skills. An organization striving to a have diverse workforce should implement an effective recruitment strategy. (Diversity Training in the Workplace, n.d.) Value of Diversity We live in a world where dealing with people from extreme cultural

Diversity in the Workplace

2553 words - 11 pages diversity trainers and training programs. Many feel that the trainings are “canned” and do not relate to real world scenarios. They say trainings can be too shallow or concentrate too heavily on an issue that does not occur within in their specific team. Many employees feel that these trainers do much to identify differences but do not do much to encourage acceptance of these differences. Many employees say they feel more apart from their team after

Diversity in the Workplace - 2645 words

2645 words - 11 pages , the Social Security Administration reports that as of December 2011, there are 6,996,435 blind and disabled people in the workforce ("Ssi annual statistical," 2012). Corporate Policies To facilitate such changes in the business world, companies have had to develop and implement policies regarding diversity in the workplace and outline what is expected of the employees in regards to this topic. Many of these policies can be found on

Diversity In The Workplace

1065 words - 5 pages Diversity in the Workplace We live in a society today that is culturally diverse. With this diversity of the population, comes the need for a diverse and culturally competent nursing workforce to care appropriately for patients. The purpose of this paper is to examine diversity in the workplace, its importance to nursing as a profession and its impact on the delivery of culturally competent nursing care. Importance of Diversity in the

Diversity In The Classroom

313 words - 2 pages teachers with a better insight of how to interact with her class, how to plan her lesson and this in return will decide if the teacher will developed a strong learning reaction from students within the classroom. For a teacher to be progressive in a diverse classroom the teacher needs to value each students input and denounced any stereotypical behaviors and provide an equal opportunity for learning for each of the students. The teacher

The Value Of Biodiversity

1351 words - 6 pages economic terms. An economic valuation demonstrates, in terms that a decision maker can understand, our essential dependence on biological diversity. This should not be taken to extremes, however, such as evaluating an entire species nor can we use economic analysis to capture the intrinsic or moral value of a species to exist. The best way is to focus on the overall value of ecosystems. As well as helping to preserve the integrity of ecosystem

Related Essays

The Impact Of Diversity In Creating A High Performance Team

1042 words - 5 pages The Impact Of Diversity In Creating A High Performance Team The purpose of creating teams is to solve a problem or issue through the use of diverse ideas and solutions. There are many times in life, whether at work or at school that one will encounter a diverse mix of personalities. Workplace diversity is everywhere, from the small corner business to the fortune 500 company, and is one of the most important challenges facing companies today

The Value Of Television Advertising In The World Of Digitalization

2358 words - 10 pages Is TV really dead? The value of television advertising in the world of digitalization. Executive summary: Many marketers wonder about allocating marketing budgets to get the greatest return on advertising investment. This paper answers the question, if the investment in online advertising causes a decrease in popularity of TV advertising. It presents researches done to both online and TV advertising. The statistics speak strongly about

Leadership, The Determinant Of Corporate Culture And Diversity

2211 words - 9 pages Leadership, the Determinant of Organizational Culture and Diversity Introduction With the world becoming smaller and smaller from the increasingly intensive business trade, the globalization not only bring huge opportunity, but also bring more challenges to organizations than ever before. Multicultural teams, therefore, are used in workplace, and workforces become more divers than ever before (Schein, 2010). But ethnicity is only one

Ethical Principles In The Corporate World

5573 words - 23 pages Ethical Principles in the Corporate World By: Harsh Vardhan Agarwal Abstract Ethical issues are an area of the corporate world that most businesses deal with on a regular basis. The importance is growing with the continuous development of technology. Companies need to be aware of ethical obligations of their products and decisions. Privacy is a problem that occurs due to the fact that companies can access individuals’ information