BIG IDEAS IN BUSINESS: Essay on Workplace Diversity and its Impact

This essay delves into the significance of diversity in corporate boards and the broader workplace, highlighting both its advantages and potential challenges. The introduction defines workplace diversity as encompassing differences in physical appearance, education, discipline, sexual orientation, national origin, age, religion, and gender, emphasizing its importance for fostering a positive organizational reputation, boosting profitability, and improving employee outcomes. The discussion section explores various benefits of diversity, such as fostering creativity and innovation through varied perspectives, enhancing local market understanding, attracting top talent, and providing a wider range of products and services. It also addresses challenges like communication barriers, cultural clashes, and logistical difficulties related to visa requirements and varying professional etiquette. The essay concludes that while diversity presents certain hurdles, these can be overcome through proper guidance and training, ultimately leading to competitive advantages for organizations.

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BIG IDEAS IN BUSINESS
Introduction
Diversity in corporate boards and workplace is defined as hiring employees who in some
ways are disparate from each other and are not from the equivalent culture. The distinction
may vary due to physical outlook, education, discipline, sexual acclimatization, national
origin, age, religion and gender. Workplace diversity is very crucial for employees due to the
reason that it embodies itself in framing an enormous reputation for the organization,
resulting in escalation of profitability, productivity and contingencies for the employees.
Diversity is significant within the company and for the external environment of the
workplace as well. Moreover, in workplace the perception of diversity is to environ
compliance and honor, leading to recognize that each employee is exclusive and will benefit
the company in their own respect. The essay will focus on the importance of diversity for
bringing the advantages in order to gain competitive benefits and also the challenges that it
may bring within the organization.
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Discussion
Diversity in any workplace is very essential for achieving several benefits that performs a
critical role in advancing the profitability within the company (Harvey and Allard, 2015).
Diversified cultural prospects can encourage creativity and drive innovation: A vast range
of conglomeration of perspectives and ample-ranging professional and private understanding
of a global squad can approach updated aspects that motivate the colleagues to view the work
environment and the external world, uniquely. According to Bhattacharya (2016), developing
the creativity and modification ultimately helps in sorting the issues and meet consumers
requirements and satisfaction in unique ways. multiple attributes, open commutation of
viewpoints and traits in turn guides the business to retrieve the highest benefits of workplace
diversity.
Local market understanding and observation frames a workplace more competing and
fruitful: An intercontinental workforce can provide a company a significant margin when it
come to the question of extending new markets. Awareness oriented to local norms,
regulations, practices and competitive view as well, helps the business to operate more
fruitfully. Further, efficiencies on local language, cultural knowledge and local contacts can
upgrade global business improvement aggressively. Recent studies also accentuate the
evidence that diversity proves to be excellent for workplace and can help the company to
achieve higher financial returns (Lewis, 2017).
Cultural subtlety, observation and local knowledge acquires greater affirmation and
targeted marketing: Cross-cultural apprehension as well as detailed understanding of the
local market contributes itself in the construction of more efficient organizational strategies
and components. Further, Anjorin and Jansari (2019) mentioned that explicit knowledge
about the market and observation is inestimable when it arrives to about creativity and
framework. The threat of making a resolute indiscretion, resulting in irreversible deterioration
to the reputation of the brand name or business overseas, can be alleviated only by workforce
diversity.
Etching from a diverse talent pool permits a company to grasp the attention and reserve
the best talent: In the market of competition, determining that the organization is devoted in
nurturing a worldwide and comprehensive environment can make the workplace to stance out
to the appropriate candidates. Involving diversity as a significant portion of the hiring
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procedures ultimately enlarge the talent pool of approaching employees. Diversity in terms of
religion, culture, gender and origin has proven to enhance the reservation and decrease the
cost related to the turnover rates of the employees. In a diversified work environment,
workers credibly remain trustworthy when they sense the aura of being respected and
appreciated for their exclusive contribution. As opined by Lambert (2019), a broaden
ambience of cross-cultural coordination is an appropriate procedure to chain teams and
employees across the workplace.
Diverse competencies platform charters organizations to provide an extensive and more
compliant range of products and services: By deriving form a ethically diverse expertise
pool, organizations gain from recruiting professionals having a vast range of talents that are
not possible in case of appointing locally. Globally aligned organizations can modify their
range of assistance by clouting the accomplishments and experiences of their overseas
workers (Hughes, 2019). An enlarged expertise and credibly diverse beneficence of goods
and services can advance the business to gain the competitive benefits of flexibility.
Diverse squad are more profitable and works better: The dimension of understanding,
proficiencies and working procedures that a workplace diversity approaches can motivate the
issue solving ability, resulting in higher profitability. Industries with a spectrum of diversity
and comprehension are more advantageous and delighted as well. Additionally, Schaffer
(2018) stated that diversity in workplace enforces sound competition, expanding a team in an
affirmative way to have their best and this ambience leads to higher efficiency.
Higher junctures for professional and personal advancement: Performing through cultures
can be a genuinely enhancing experience, conceding others to know about the prospects and
ethics from all over the cosmos. A diversified series of employees are also proven to be
professionally enriching, disclosing the unique dexterities that will improve a universal
network that will show the organization a profitable direction (Gomez and Bernet, 2019).
Challenges Faced by Organizations due to Work-force Diversity
Recruited employees from other culture may confront issues to raise their voices: The
existence of varied strengths of brain however, is not enough ample. It is crucial to frame a
disclosed and comprehensive workplace ambience in order to make all the employees sense
an entrustment to contribute. This is specifically challenging for those who are from amiable
and submissive cultures (Roberson, 2019). Instance include, employees from either Japan or
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Vietnam may sense shortened comfort in voicing up or sharing opinions specifically when
they are new to the workplace or hired for a junior post.
Alliance across multicultural squads may be challenging in the case of prejudice or
adverse cultural customs: While local talent is an inestimable resource, but it is also
significant to nurture alliance amongst the squads to prevent employees from other countries
performing separately and restricting the knowledge transmission. Adverse cultural customs
however, is actively disturbing to the workplace temperament and affect the profitability.
Concealed prejudices make the employees to feel less motivated to perform together.
Besides, Cletus et al. (2018) opined that prejudices and stereotypes, implanted and senseless
cultural intolerance have been proved to be a significant challenge regarding diversity in the
workplace that is however difficult to overcome.
Professional connections may be misrepresented or hard to determine across languages
and cultural ethics: Quality transcriptions are the essentials for proficient marketing but the
real threat of communication getting detached in rephrasing amongst diversified employees.
Even it is evident in many workplaces where everyone communicates in English, assimilating
a variety of accents may face difficulties in understanding the idioms of a native speaker
(Kim et al., 2018). Non-verbal interactions are the most sensitive and refined portion of
cultural communication that results in misinterpretations or sometimes insult the employees
from other countries. This happens as complacent grades of physical sphere, forming eye
contact and pantomiming are varied in respect to culture (Dennissen, Benschop and van den
Brink, 2018).
Cruising visa needs, employment rules and the cost of sheltering the requirements may be
arduous: Recruiting expertise from other places can frame a challenge to the HR department
as needs and regulations are disparate in each country or sometimes the rules shift in a
frequent manner between countries. Besides rules and regulations, shelter for a hiring and
embracing culturally varied personnel should be considered. For example, accommodating a
calm place for prayer can set up a workplace as more attainable and comprehensive for
workers with a series of beliefs. This also takes into considerations various cultural holidays.
However, Gomez and Bernet (2019) stated that these deliberations can increase the cost of
business and the organization may confront logistical threats.
Various understandings of professional etiquette: Employees from various cultures have
within them various manner and attitudes, behaviors and amenities. This however, proves in
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one hand beneficial and on the other can cause misconceptions or wrong understandings
between the employees in a workplace. The assumptions of formality, workplace ranking
pyramid and also the timings for working can contest across cultures. For instance, a Swedish
is habituated with working for about 6 hours or a Japanese may sense uncomfortableness in
leaving the office before the managers (Nachmias and Caven, 2019).
Clashing with working behaviors across teams: Frameworks and attributes towards
performance may vary, echoing cultural significance and admixing differences. Examples
include, such as Central American cultures focuses more on collective consents while
performing for achieving a target. While Germany solely concentrates on the liberty of
individual employee. Prioritizing order, accuracies and the organizational goal versus
versatility and improvisation can also display the concealed cultural values.
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Conclusion
Based on the above analysis, it can be concluded that workforce diversity if adopted could
prove to be beneficial to any organization. Though there are certain challenges and threats in
pursuing diversity but that can be overcome with the help of proper guidance and training.
The essay also emphasizes several benefits of diversity in the workplace. recruiting
employees overseas have always been crucial because of the fact that it focus on appointing
employees across the world and hire the employees who are best in the recommended post.
Diversity though poses risks in the workplace also helps the organizations to gain the
competitive advantages.
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References
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https://www.scribd.com/document/336742359/Cultural-Diversity-as-a-Mechanism-for-
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