Diversity Drives Business Challenges Faced
Marketing Plan
“Diversity is more than a buzzword. It is an essential business strategy.” (Bill Clinton). For centuries, “diversity” has meant “separation” of groups, and in the 21st century, a business perspective means being “diverse.” In fact, it means being “unfettered by cultural, gender, religious or age-based assumptions.” (Hassan). Diversification leads to innovation, and creativity. Innovation creates value. And, if it can create a new market
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In 2016, an employee filed a harassment complaint against his workplace management. They did not have a support system for minority or women employees. The majority of the employees were white, and there were no minority or women employees. There was a general lack of respect for those who worked in the organization, and this was causing dissatisfaction and tension in the workplace. The employee was able to successfully file a complaint but wanted to address the lack of representation among minority and women employees. However, there
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“Diversity drives business challenges faced” Diversity is the concept of humanity’s differences. It refers to the unique characteristics that make us who we are, such as culture, beliefs, values, skills, etc. These variations are one of the factors that drive business challenges. In this section, I’ll explain what this means in a practical way, as well as share a story about my company that highlights these challenges. Visit Your URL My experience in business started when I joined my company as a sales representative. At first, I was impressed with the
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“If you can think it, you can create it” – they say, which is not so true in the modern world, where it is much more complicated to create something new, let alone a complex, multi-dimensional concept. Business challenges, like the ones we encountered during the global pandemic, were not the most difficult ones, but they were still very difficult and complex. We had to develop a strategy that would help us achieve growth while minimizing disruptions and risks. At the same time, diversity in the workplace has become a topic of increasing
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The world today is globalized. And the globalization is driving the businesses to expand in different regions. Diverse people from different cultures, countries and regions are the foundation for the growth of businesses. As a result, businesses are faced with the challenges of cultural differences. “Mitigating the effect of cultural differences on the businesses, is one of the biggest challenges that businesses are facing today. Cultural differences often create confusion, misunderstanding, and inaccurate communication. As a result, businesses are prone to loss of re
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“Diversity is no longer a mere buzzword for today’s world. Diversified businesses, where employees come from diverse cultural, social, and ethnic backgrounds are not just more resilient but also more competitive.” To make it more interesting, I added a few statistics — 41% of Millennials and 40% of Gen Xers believe a company’s management should consider hiring a diverse workforce in order to attract and retain customers. Based on the statistics, I then elaborated: