Benefits of Diversity in the Workplace
According to Lourenço et al. (2014), diversity is generally conceptualized as possessing varying characteristics. In the workplace, diversity refers to employees who differ in terms of race, sexuality, personality, culture, sexual orientation, and ethnicity, among other factors. A business whose people have varying characteristics is deemed diverse.
Hire our assignment writing services if your assignment is devastating you.
Benefits of Diversity
A business with a diverse workforce benefits from the availability of a wide range of perspectives. These people mostly come from different nationalities and present different approaches to solving problems (Cole, 2020). As far as success is concerned, the availability of a wide range of perspectives is an advantage. Besides, a diverse workforce represents a diverse customer base; hence, one can fathom the needs of global customers.
A diverse workforce also presents the company with a shot at creativity and innovation (Cole, 2020). People who hail from different backgrounds will put their ideas together and reflect. As they criticize each other, they will generate viable innovations that address market problems. For instance, diversity across Apple Company has helped the company create a series of new products. Some of the prototypes originate from their diverse employees who have creative ideas. The democratic nature of the company’s leadership has facilitated the implementation of many solutions.
Why Diversity is a Business Asset
Diversity is a phenomenal business asset because it enhances the competitive advantage of a business entity. For instance, research on American public companies shows that diverse and inclusive companies are 35% more likely to get better financial returns than non-diverse companies (Rock & Grant, 2016). The competitive advantages that accompany diverse businesses are an accumulation of the benefits of diversity, including the availability of many perspectives and creativity. With excellent financial results, a business will achieve long-term success.
References
Cole, B. M. (2020). 8 Reasons Why Diversity And Inclusion Are Essential To Business Success. Forbes. https://www.forbes.com/sites/biancamillercole/2020/09/15/8-reasons-why-diversity-and-inclusion-are-essential-to-business-success/?sh=53af44061824
Lourenço, P. R., Dimas, I. D., & Rebelo, T. (2014). Effective workgroups: The role of diversity and culture. Revista de Psicología Del Trabajo Y de Las Organizaciones, 30(3), 123–132. https://doi.org/10.1016/j.rpto.2014.11.002
Rock, D., & Grant, H. (2016). Why Diverse Teams Are Smarter. Harvard Business Review; Harvard Business Review. https://hbr.org/2016/11/why-diverse-teams-are-smarter
ORDER A PLAGIARISM-FREE PAPER HERE
We’ll write everything from scratch
Question 
Unit 8.1 DB: What is the benefit of Diversity?Unit 8.1 DB: What is the benefit of Diversity?
Benefits of Diversity in the Workplace
Describe at least two specific benefits of diversity. Draw from your own personal experiences and what you have learned from our readings and resources throughout this course. In your own words, why do you believe diversity is (or is not) a business asset? Support your position in your initial posting with information from our reading or your research. Don’t forget to respond to at least two additional times to postings from your fellow students.
Complete the order form and upload all of your files, including any instructions, rubrics, or other materials provided by your instructor. 
Complete the order payment after filling in the order form. We’ll receive your order and assign it to a writer.
The assigned writer will complete your paper and forward it to our Editing Team for review and approval.
Once approved by the editor, the completed paper will be uploaded to your account for you to download, review and approve.