Running head: BUSINESS 1 Human Resources Strategy and People Student's Name Institutional Affiliation Date
BUSINESS 2 Cultural diversity is the existence of various cultural or ethnic groups in the community. In other words, it is a means of respecting the disparities in peoples. These disparities are either based on gender, age, sex, origin, or social status. However, firms have recognized the significance of getting a diverse workforce. Cultural diversity is significant because the country, companies, and academic institutions comprise of numerous cultural, racial, and ethnic groups. While this is the case, cultural diversity in the company is associated with various merits and demerit and at the same time has rewards and challenges to the company. Cultural diversity can bring various benefits to the workplace. One advantage of cultural diversity is that it can lead to high productivity and competitive advantage in the company. In this case, cultural diversity pulls together different talents, with all working towards accomplishing a common objective through the utilization of a different set of skills (Martin, 2014). Besides, employees can provide more solutions to the end-users of the products due to the new ideas brought into the company. Studies demonstrate that companies with diverse culture and inclusion are more productive and happier (Barrington & Troske, 2001). However, while working together may seem easier, it can cause the business to settle for a status quo. On the contrary, diversity may lead to healthy competition, eventually stretching the employees in a positive way towards attaining their best. This atmosphere of healthy competition may result in the optimization of organizational procedures for greater efficiency.
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- Spring '16