Business Communications

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Pages: 19

Category: Business and Industry

Date Submitted: 11/21/2013 02:10 PM

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Diversity is buzz word today and diversity in contemporary business environment is the cultural diversity brought about by a globally diverse workforce. Diverse workforce is an important challenge faced by organization and diversity has become nomenclature of firms and their management. Diversity at workplace referrers to women, old workers, students, interns or disabled workers are part of workforce today. Apart from physically feature characterized work force work place is also dominated by culturally diverse work force. Several organizations recruit diverse work force to corm their philosophy of altruism. A diverse workforce helps the firm to innovate and to expand into new markets. Diverse work group is considered as alternate sources of talent and help to bridge the talent gap. Though there it should be need to recognize workplace diversity issue as it can be double edged sword and diversity initiatives can lead to significant conflict between employees as well as harm. As firms scan the globe for the best resources and talent, they manage their talent globally. Apart from the benefit of cost saving, a global workforce can bring additional value to the firm in improved quality skills, market access and productivity. The firm can tap the best talent and hence needs a holistic approach to managing talent.

Several research and study have promulgated that teams in which diverse workforce is their produce better results, but have only one condition if they are well led. The ability to bring together people from different backgrounds, disciplines, cultures, and generations and leverage all they have to offer, therefore, is a must-have for leaders (Ibarra and Hansen 2011: 71). Leader a one who is a commanding officer and followed by others as a practice but in this business environment when the business are interlinked and hyper connected with each other the notion need to be practice is of collaborative leadership instead of command and control approach....