Diversity has become one of the most frequently used buzzwords in organizations in the last few decades. Corporations all over the globe espouse diversity with mission statements and corporate policies all geared to diversify their team. Minorities have broken many a glass ceiling, creating diversity in leadership across a plethora of industries. Yet, the question still remains, is diversity as valuable as these organizations seem to believe it is? Do organizations with a diverse leadership team have a competitive advantage over those who do not? This paper will review recent literature in support of this concept that indeed there is value in diversity, including diversity amongst organization leaders.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Literature Review
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This paper aims to explore the value of diversity in organizations, specifically focusing on the benefits of diverse leadership teams. It examines recent research that suggests organizations with diverse leadership may have a competitive advantage over those that do not.
- The growing presence of diversity in organizations
- Benefits of diversity for organizations, including improved employee retention, reduced recruitment costs, and greater customer satisfaction
- The role of self-verification theory in understanding the value of diversity
- Challenges of diversity, including potential for conflict and miscommunication
- Strategies for maximizing the value of diversity
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the concept of diversity in organizations and raises the question of whether diversity provides a competitive advantage.
- Literature Review: This chapter examines recent research findings on diversity in the workplace, focusing on a study conducted by the London Central Learning and Skills Council and the London Human Resource Group. The research highlights the increasing presence of diversity in organizations and identifies numerous benefits associated with it, such as improved employee retention and access to a wider customer base. The chapter also introduces the concept of self-verification theory as a framework for understanding the value of diversity.
Schlüsselwörter (Keywords)
The key focus of this paper is diversity in organizations, particularly in leadership teams. The paper explores the benefits of diversity, including increased employee retention, reduced recruitment costs, and improved customer satisfaction. It also examines self-verification theory as a framework for understanding the value of diversity and discusses the challenges of diversity, such as potential conflict and miscommunication.
- Quote paper
- Kimberly Wylie (Author), 2004, The Benefits of Diversity, Munich, GRIN Verlag, https://www.grin.com/document/56632
