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3 pages/β‰ˆ825 words
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4 Sources
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APA
Subject:
Management
Type:
Research Paper
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English (U.S.)
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Topic:

Diversity The Economic Growth Of Countries

Research Paper Instructions:

This assignment is being done in a group. However I am responsible for focusing on Diversity and Economic Growth. I also need you to do a conclusion based on the areas that are covered in the introduction and any other information that is deemed useful towards this topic.
I am submitting all that was done.

Diversity and Economic Growth
It is a known fact that diversity has many benefits for any organization. It helps people be more understanding, welcoming to others, appreciate the culture and customs of others as well as improve productivity and competitiveness. However, during my readings in search of information for our term paper on ‘Diversity in the Workplace’ I have found that diversity not only benefits a company, but the economy of the country as well because it unlocks innovation and drives market growth which in turn drives job growth.
Hewlett, Sylvia Ann; Marshall, Melinda; Sherbin, Laura (2013) ‘How Diversity Can Drive Innovation’ https://hbr(dot)org/2013/12/how-diversity-can-drive-innovation
Greenberg, Josh (2004) ‘Diversity in the Workplace: Benefits, Challenges and Solutions’ http://leadersedge360(dot)com/articles/Diversity%20in%20the%20Workplace-Benefits,%20Challenges%20&%20Solutions.pdf.pdf
Dr. Richard T. Alpert, Ph.D ‘Cultural Diversity in the Workplace’
https://www(dot)diversityresources(dot)com/cultural-diversity-workplace/
McGregor, Jena ‘Five Workplace Predictions for 2019’ https://www(dot)washingtonpost(dot)com/business/2019/01/01/five-workplace-predictions/?utm_term=.9b6149eb1045
For this research project, each member of the group is focusing on a sub-topic in relation to the broad topic ‘Diversity’. Under each heading we have all learnt something new and have therefore combined it.
Diversity and Inclusion in the workplace
Under this sub-heading we have learnt that inclusion in the workplace has improved tremendously from previous years. Today, organizations are compelled to pay keen attention to their methodologies, policies etc because of inclusion, since it is a basic attribute to retaining people and business. Notably, companies pay attention to religious holidays, customs and beliefs of the different ethnic groups. For example just recently the Chinese New Year has been added to the calendar and given as a day off for schools. There are more vets injured or otherwise being employed, members of the LGBT given more respect and included in the workforce. There are also more women in higher positions, attending college and completing a 4 year college degree and people from the three generations with millennials being the largest working together. These interesting facts not only indicate the inclusion of diversity but also highlights on how the world around us is more diverse than ever before.
Strategies to create a non- discriminative environment
Under this sub-heading we have also learnt that there are several strategies organizations can use to create a non- discriminative environment for workers and a more productive workplace. Some strategies such as leadership styles, psychological support, governmental policies, and the organization culture are very important in trying to prevent a non- discriminative work environment. Having a non-discriminative work environment, can lead to
Diversity and Economic Growth
Finally, under this sub-heading, we have learnt that diversity, which has many, benefits for an organization helps people to become more understanding, welcoming and, appreciative of others cultures and customs; this in turn can improve the competitiveness and productivity of the company. Diversity not only benefits a company, but the economy of the country because it unlocks innovation and drives market growth which in turn drives job growth and decreases the unemployment rate.
These topics, among others have helped to spark meaningful discussions among members of the group. We too, a diverse group, have been brought together and is working to achieve the same goal.
Sources being Viewed
Banerjee, R. (2008). An Examination of Factors Affecting Perception of Workplace
Discrimination. Journal of Labor Research, 29(4), 380
401. https://doi(dot)org/10.1007/s12122-008-9047-0
Dr. Richard T. Alpert, Ph.D ‘Cultural Diversity in the Workplace’
https://www(dot)diversityresources(dot)com/cultural-diversity-workplace/
How to reduce discrimination in the workplace: The case of austria and taiwan (R.O.C.). Nase
Gospodarstvo : NG, 64(3), 12-22. doi:http://dx(dot)doi(dot)org/10.2478/ngoe-2018-0014
Hewlett, Sylvia Ann; Marshall, Melinda; Sherbin, Laura (2013) ‘How Diversity Can Drive
Innovation’ https://hbr(dot)org/2013/12/how-diversity-can-drive-innovation
Esty,K., R.Griffin,and M.Schorr-Hirsh.(1995).Workplace Diversity.A manger’s guide to solving
problems turning diversity into a competitive advantage. MA: Adams Media
Corporation.
Greenberg, Josh (2004) ‘Diversity in the Workplace: Benefits, Challenges and Solutions’
http://leadersedge360(dot)com/articles/Diversity%20in%20the%20Workplace-
Benefits,%20Challenges%20&%20Solutions.pdf.pdf
Perry, E. L. (1999). Toward a Broader View of Age Discrimination in Employment-Related
Decisions: A Joint Consideration of Organizational Factors and Cognitive
Processes. Human Resource Management Review, 9(1),
21. https://doi(dot)org/10.1016/S1053-4822(99)00010-8--
McGregor, Jena ‘Five Workplace Predictions for 2019’
https://www(dot)washingtonpost(dot)com/business/2019/01/01/five-workplace-
predictions/?utm_term=.9b6149eb1045
Sgro, P. M. (1986). Factor Substitution and Discrimination in Labor Markets. Southern
Economic Journal, 52(4), 1103. https://doi(dot)org/10.2307/1059168
US Census Bureau Report (2015) Millenials Outnumber Baby Boomers and are Far More
Diverse.https://www(dot)census(dot)gov/newsroom/press-releases/2015/cb15-113.html

Research Paper Sample Content Preview:

Diversity
Name
Institution
Due Date
Diversity
Diversity brings about several benefits to organizations. A management that seeks to promote diversity among its workforce stands to gain because diversity helps enhance understanding of other people’s cultures and customs while also improving employee productivity and competitiveness. So, diversity in the workplace does help enhance the performance of an organization. However, it is crucial to think of diversity on a wider scale. For example, what is the relationship between diversity and economic growth? With people celebrating each other’s differences and appreciating their cultures and norms, this breeds a conducive environment where people can freely express themselves and pursue their dreams and aspirations. Living in an environment that appreciates people’s unique strengths breeds innovation. It becomes easy to share ideas and to help each other attain success. Unlocking innovation in a country drives economic growth, and more people will be comfortable trying new things. Additionally, it will be easier to garner support for one’s ideas because people are appreciative of their differences and celebrate their uniqueness. This paper thus seeks to address the notion that diversity is not only beneficial for organizations but also helps enhance or drive the economic growth of countries.
First of all, it is crucial to mention that it is within the realm of diversity that some of the most abnormal ideas are heard. In their article, Hewlett et al. (2013) note that great leaders often exhibit inherent and acquired diversity. These leaders they say exhibit two-dimensional diversity and from their study, these leaders “out-innovate and out-perform others.” One of the reasons why these leaders perform better than others is because they unlock “innovation by creating an environment where “outside the box” ideas are heard.” They continue to note that “when minorities form a critical mass and leaders value differences, all employees can find senior people to go to bat for compelling ideas.” This means that the environment created makes it comfortable for the employees to find and confide in their managers. In the end, companies exhibit growth which further boosts a country’s economy. Hewlett et al. (2013) are clear on the benefits of having managers or leaders with 2-D diversity. They note that organizations with such leaders are “45% likelier to report that their firm’s market share grew over the previous year and 70% likelier to report that the firm captured a new market.” For a country, this would translate to enormous growth which will boost economic growth. It would also mean that people will feel valued as opposed to scenarios where organizations have high turnovers, or a country has its most innovative individuals working in other countries. In her article, McGregor (2019) predicts that payment gaps between the old and new workers will become a problem. However, this can ...
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