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78 how is workplace diversity beneficial to

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78) How is workplace diversity beneficial to organizations from an ethicalperspective?Answer:  From an ethical perspective, workforce diversity and effectivelymanaging diversity is the right thing to do. Although many societies have laws thatsay it's illegal to treat diverse people unfairly, many cultures also exhibit astrong ethical belief that diverse people should have access to equal opportunities andbe treated fairly and justly. Businesses do have an ethical imperative to buildrelationships that value and enable all employees to be successful. Managers need toview workforce diversity as a way to bring different voices to the table and to build anenvironment based on trusting relationships.Page Ref: 104Learning Outcome:  Discuss different ways managers work with andpromote diversity in organizations; Discuss the role of ethics and social responsibilityin managementAACSB:  Multicultural and Diversity Understanding; EthicalUnderstanding and Reasoning Abilities; Communication AbilitiesCh. Objective:  1Difficulty:  ModerateClassification:  Conceptual79) What are the significant trends occurring in the composition of the globalworkforce? What are the likely repercussions of such trends?Answer:  According to United Nations forecasts, "The world is inthe midst of an epochal demographic shift that will reshape societies, economies, andmarkets over the next century."The total world population in 2012 is estimated to be over 7 billion individuals.However, that number is forecasted to hit 9 billion by 2050, at which point the UnitedNations predicts the total population will either stabilize or peak after growing forcenturies at an ever-accelerating rate. The main reason for this major shift is thedecline in birthrates as nations advance economically. However, in developingcountries in Africa, Asia, Latin America, the Caribbean, and Oceania, birthratesremain high. One of the benefits is that many of these countries are likely toexperience a "demographic dividend: a rising proportion of young peopleentering the workforce, driving productivity and economic growth."The world's population is now aging at an unprecedented rate. people aged65 and older will soon outnumber children under age 5 for the first time in history.Also, the world's population aged 80 and over is projected to increase 233
percent by 2040. The implications of these trends for societies and businesses areprofound—from changing family structures to shifting patterns of work andretirement to emerging economic challenges based on increasing demands on socialentitlement programs, dwindling labor supply, and declining total global savings rates.Such demographic shifts will reshape the global workforce and organizationalworkplaces.

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Term
Spring
Professor
kotler
Tags
World population, AACSB

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