DIVERSITY IN ORGANIZATIONS

Diversity in organizations

Abstract

In the lifespan of an organization a times come when it had to move beyond its current domain. This movement or shift of domain is incorporated in an organization to capitalize on the various growth opportunities in the external environment of a company. This overall process is known as diversification, which in the modern world has become essential for organizational growth. However, it is never an easy task to expand form the current domain to another. To manage a diverse organization is perhaps a bigger challenge than opting to diversify. The following paper highlights on the types of diversifications, and the issues related to diversification. However, this case will majorly deal with issues related to diversity of workforce.

Contents

DIVERSITY IN ORGANIZATIONS1

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Diversity in organizations2

Abstract2

Thesis Statement4

Introduction4

Discussion5

Issues5

Solutions6

Adopting a Uniform Culture7

Working Closely7

Understanding Self Bias8

Implementation8

Conclusion8

Thesis Statement

Poor Management of Diversity in Organizations Can Lead To Disastrous Results

Introduction

Diversity in simple terms can be adopting a different approach from the conventional approach. In business terms, a company is diversified when it is in two or more lines of businesses operating in different market environments. Moreover, diversification in businesses can be in terms of business units, human resources, geographical domains etc. The major reason due to which companies operating in the modern world are opting for diversification is globalization. Diversity is the biggest requirement for firm going global. Since the advent of modern information, technology practices organizations do not need much effort in going for diversification. The most obvious benefit of diversifying into new markets or new products is that an organization has an opportunity to progress ahead of their current level. By going for a diversification strategy, an organization usually expects higher revenues and greater productivity that ultimately results in higher profits.

An organization can diversify in two levels, either at a business unit level where it expands into a new line of business unit or at a corporate level. At corporate level, an organization diversifies when it enters into a new business that is outside the scope of its current businesses. This sort of diversification is not only interesting but challenging as well. It is interesting, as it requires a different approach in conducting operations for which a company usually is unfamiliar. Similarly, it is challenging as well and there is a great deal of risk involved in such kind of an experience.

To diversify from its current domain a business has to develop effective strategies that can coop up with the upcoming challenging of joining a single operation with another. A diversified company usually requires diverse and multiple business levels and similarly multiple strategies to handle the multiple business levels. It is never an easy task to manage diverse organizations. There are many challenges that come as hurdle in the path of organizations while dealing with their diverse organizational structure. If an organization is unable to face these challenges then the results can be devastating.

Discussion

Issues

Diversity can be defined as insertion of an assortment of individuals differing in race, gender, or culture in a ...