question archive Can the passage below be summarized
Can the passage below be summarized
Subject:ManagementPrice: Bought3
Can the passage below be summarized .?
It makes sense to conclude greater workplace diversity in today's globalized world is beneficial. It is because organizations depend on the various knowledge and skills from a diverse group of individuals to better satisfy the customer needs from different markets. However, if poorly managed, diversity could lead to an organization's downfall. Meaning, as much as benefits exist, it is important to be aware of its risks (Hatchison, 2016).
Team diversity brings people with different perceptions on similar issues together; hence, an overflowing pot of fresh ideas. It improves team creativity and boosts innovation capacity. Besides a pool of ideas, diverse solutions will also be sourced to inform the decision-making process and obtained improved outcomes. A diverse team means high levels of inclusion and thus increased engagement. Employees feel valued, accepted, and empowered. They are also motivated, happier, productive, and willing to stay in the company. Consequently, companies who value diversity record the lowest turnover rates, meaning reduced training and recruitment costs (Hatchison, 2016). The globalized community is attracted to companies that embrace diversity, meaning a good reputation for the brand, and would help attract better talent. As Howard Rheingold (2008) says, companies have realized that helping others also means helping themselves. Businesses that promote and build diversity are considered socially responsible and ethical, making it easier for individuals to relate with them, penetrating new markets, business customers, and customers. Most employees will consider an employer's policy on inclusion, diversity, and equality before taking a job. Therefore workplace diversity is not a politically right fad, but a serious competitive advantage.
However, there is the other sword's edge that explains the diverse organization's innate complexity. Rheingold (2008) says that collaboration can also be used to harm. People's differences can result in social categorization and eventually lead to out- and in-groups. This cultivates what is called in-group biases or the majority group tending to value their attitudinal and behavioral preferences than the monitory groups'. This will only leave a frustrated team with closed-minded team members. It generally hurts collaboration: there will be low innovation and team-wise performance.
