1ANALYSIS OF DIVERSITY PROGRAM Abstract Workplace diversity is one of the most important organizational strategies that organizations need to consider for knowledge sharing and creating a productive workplace environment for its employees. Costco Wholesale Corporation employs people from around the world and only criteria for employment is knowledge and skills, making it one of the few companies that not only ensures diversity in workplace, but also provides equal opportunities to all of its employees irrespective of their nationality, cast, gender, colour, places, political preferences and other aspects that lead to biasness in workplace as well. Along with that, it also values economic enhancement of women and people belonging to minority communities. Therefore, they have designed supplier diversity program which provides preference to business owned by women and minority communities for providing economic assistance to these people. It also allows Costco Wholesale Corporation to obtain innovative ideas for enhancing quality and performance of supply chain of this organization as well.
2ANALYSIS OF DIVERSITY PROGRAM Introduction Costco Wholesale Corporation commercially known as Costco is one of the largest retailers in the world with its main competitor being Walmart, the largest retail chain in the world. Costco which is an American MNC owns chain of warehouse clubs which are only available for its members. Therefore it operates as a membership only mode and offers a wide range of products according to consumer needs. In this report, diversity program of this organization is analysed in details and it provides a comprehensive idea regarding how these diversity programs are being implemented, its effect on organizational strategies and its benefits to the organization as well. Two diversity programs are considered in this report. One is diversity in its workplace and another one is diversity of its supply chain. While analysing these diversity programs, overview of each diversity program is provided along with benefits of each of these diversity programs as well. This will ensure that analysis of diversity program of this organization is effective and efficient as well. Overview of diversity programs Diversity at workplace Overview of this diversity program Diversity in workplace is one of the most significant aspect of organizational culture of Costco Wholesale and employees of this organization are from different culture and background which makes their workforce diverse as well. This diversity in workforce is provided through employment data of this organization provided in this context.
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6ANALYSIS OF DIVERSITY PROGRAM The mission of this diversity program is to ensure that employees are selected according to their skills and knowledge. If an employee is deserving and capable of providing skills and knowledge that organization requires for its job roles, then their background, culture, cast, sex, race, colour, political views and other aspects should not have no impact on their employment. Not only employment, these factors other than performance of employees should not affect promotion and salary provided to employees (Mobilecontent.costco.com, 2020). The organization ensures that salary provided to employees are not decided according to their gender. Therefore equal opportunities and equal salaries are two of the main aspects of this diversity program. Benefits of this diversity program When organization promotes diversity in its workplace then it provides various benefits not only for employees, but for the organization as well (Ravazzani, 2016)). As Costco Wholesale Corporation selects its employees only because of their knowledge and skills, it is possible for them to identify best talent who are capable of ensuing organizational success. When employees identify that it is only their performance that is important to obtain promotion then it motivates them to provide their best performance. It is not possible for organizations to obtain best of their employees if they are not motivated enough to provide their best for the company. According to the officials of Costco Wholesale Corporation, diversity in their workplace provides employees working environment where they feel that they are part of the company and this has been one of the most important aspects for success ofCostcoWholesaleCorporationasanorganization.Thisalsohelpsinenhanced coordination between employees and provides context for knowledge sharing. It is also explained by the officials of this organization that organizational success is not about designing effective organizational strategies but it depends on how these strategies are executed and this is where skills of employees are so important because these strategies are
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7ANALYSIS OF DIVERSITY PROGRAM executed by employees (Page, 2019)). When organization provides less importance to employee background and emphasis on employee skills and knowledge, it helps them recruiting best talent and ensure organizational success as well. Equal opportunity for employment and promotion in job roles not only attract best talent but also retain then as well. Therefore, Costco Wholesale Corporation provides importance to workplace diversity and ensure that equal opportunities are provided to each and every employees for ensuing that workforce of this organization is effective and efficient as well. Diversity in supply chain Overview of this diversity program In order to ensure diversity in their supply chain, the organization has implemented a supply chain program which allows suppliers owned by local minoritiesand women, qualified enough according to organizational standards for selection of its suppliers. Mission of this organization is to diversify its supply chain and provides opportunities to suppliers whodeserveit.Therefore,whenfeasible,CostcoWholesaleCorporationprovides opportunitiestolocalsupplierswhichareownedbylocalminoritiesandwomenin communities where this organization do its business. However, there are some criteria that suppliers need to ensure while applying for this supplier diversity program designed by Costco Wholesale Corporation. These criteria are the followings: In order to be considered for this program, it is must that business is owned someone who belongs to minority community. There is definition of minority owned business that is followed by Costco Wholesale Corporation. According to this definition, a minority owned business include proprietorship, partnership, and corporation along
8ANALYSIS OF DIVERSITY PROGRAM with joint venture as well. in case of joint venture, it is important to ensure that minimum 51% of this business is owned and also controlled by citizens of United States and they need to belong to any of these racial groups and these groups are the followings: oAfrican American oAsian Indian oAsian Pacific oHispanic oNative Americans In case of business owned by women, it is important to ensure that these businesses are not only owned by women, it needs to be operated and also controlled by one or more than one women who are citizens of United States and these criteria are importantforbeingconsideredforthissupplierdiversityprogramofCostco Wholesale Corporation Business needs to be registered with agency that is owned by minority or women However, there are some business which are not considered for this program and these businesses are the followings: IT Services/Telecommunications/Connectivity Consulting Market Research Logistics
9ANALYSIS OF DIVERSITY PROGRAM Printing Services Event Planning Background Screening Construction/Roofing/Painting Training Books Benefits of this diversity program Supply chain is an extremely innovative aspect of retail business and therefore innovation is required for enhancing quality of supply chain (Kusi-Sarpong et al., 2019). According to Costco Wholesale Corporation, diversity in supply chain is important for the organization. These minority or women owned business often provides context for exploring newideasforsupplychainstrategies.TheseideasaccordingtoCostcoWholesale Corporation helps in maintaining fresh approach for the business. In retail business it is important to ensure that innovative approaches are not only identified but it is also required to apply these approaches for innovating supply chain strategies which is important to ensure success in retail business as well (Ayers & Odegaard, 2017). However, this supplier diversity program not only benefits Costco Wholesale Corporation, but it also helps in enhancing economic conditions of communities where it does its business. This program allows minorities and women to implement their business ideas and also provides facilities for ensuing success in these businesses as well (Salam et al., 2016). Therefore, this supplier diversity program is beneficial for Costco Wholesale Corporation to innovate in supply chain strategies while enhancing economic conditions of people as well.
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10ANALYSIS OF DIVERSITY PROGRAM Conclusion Diversity in workplace has allowed Costco Wholesale Corporation in employing people who have requiredskillsand knowledge requiredfor executingorganizational strategies. Diversity in workplace has also provided context to provide equal opportunities to employees without any bias and this motivates employees required for enhancing their performance as well. Supplier diversity program applied by this organization provides opportunities to businessownedbyminoritiesandwomenfromlocalcommunity.ThishelpsCostco Wholesale Corporation in obtaining new and innovative ideas for enhancing quality of their supply chain and it also allows them to enhance economic condition of people through this supplier diversity program of this organization as well.
11ANALYSIS OF DIVERSITY PROGRAM References Ayers, J. B., & Odegaard, M. A. (2017).Retail supply chain management. CRC Press. https://doi.org/10.1201/9781315151410 Kusi-Sarpong, S., Gupta, H., & Sarkis, J. (2019). A supply chain sustainability innovation frameworkandevaluationmethodology.InternationalJournalofProduction Research,57(7),1990-2008. https://researchportal.port.ac.uk/portal/files/11737630/KUSI_SARPONG_2018_crigh t_IJPR_A_supply_chain_sustainability_innovation_framework_and_evaluation_meth odology.pdf Mobilecontent.costco.com. (2020).https://mobilecontent.costco.com/live/resource/img/static- us-landing-pages/2018-Certified-Consolidated-EEO-1-Report.pdf. Page, S. E. (2019).The diversity bonus: How great teams pay off in the knowledge economy. Princeton University Press. Ravazzani,S.(2016).Understandingapproachestomanagingdiversityinthe workplace.Equality,DiversityandInclusion:AnInternationalJournal. https://doi.org/10.1108/EDI-08-2014-0062 Salam, A., Panahifar, F., & Byrne, P. J. (2016). Retail supply chain service levels: the role of inventorystorage.JournalofEnterpriseInformationManagement. https://doi.org/10.1108/JEIM-01-2015-0008