Published by MBA Skool Team, Last Updated: April 30, 2016
What is Diversity?
Diversity represents the very basic fact that each individual is different from every other individual. The differences can be along multiple dimensions, ranging from caste, creed, race, ethnicity, gender, socio-economic status, age, physical abilities, religious and political beliefs, ideologies or other idiosyncrasies.
Since the internationalization and globalization of the companies and industries, it has become important for the Human Resource department to look into this field as well. It is important to have diversity at every structure of society like schools, colleges, government offices, or multinational corporations.
The importance is especially high when it comes to multinational corporations. Now a global company has offices in geographic locations very different form its base location. In such cases it is necessary follow the diversity rules of that particular foreign country or location.
The benefits of having diversity at an organization are many, some being quoted below:
Employees with different expertise working together
High employee flexibility
Adapting to technological change and global growth
Ability to operate in diverse cultures
This article has been researched & authored by the Business Concepts Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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