Managing Diversity - Research Paper Example

Over the years, diversity management has emerged as an essential tool of the management to match the modern business environment where everything is changing. Change is essential to allow matching of present organizational resources to meet unlimited and changing needs through diversification of the various business strategies. Diversity calls for the reorganization of the organizational structures and other components that have an impact on the performance of an organization. Corporate executives seeking to regain a competitive edge need to do more than improve efficiency and tighten control by executing a fundamental change to transform systems firmly along with established inhibitive cultures.

The internal, external and organizational components influence the organizational diversity and performance outcome within an organization. Critical Analysis The managers should lead the way for the establishment of improved business practices through interaction with peers in other countries. Such managers should establish elaborate audit mechanisms and accounting to enhance professionalism, as well as transparency. Managing an organization that has a workforce from diverse cultures is not easy. . The idea of behind teamwork and motivation in the company is to increase employee and customer satisfaction while lowering costs.

They execute the principle of teamwork by encouraging management team and employees to pool resources across all departments, and with end users and suppliers, to identify areas that need improvement. The control process should take into consideration factors such as code of ethics, standards, and statements of good corporate governance in their business operations and regulations (Bell, 2012). At present, the management team in an organization should be aware that both internal and external environments of the organizations are subject to change at any point of time, and hence the need for strategic management.

It is important to have flexible legal provisions have removed hurdles in the regulation of businesses as well as the improvement of business standards. The legal and political frameworks have tried to help in managing business risks through harmonization of existing regulations. It is important for international business operators have a broad understanding of culture, management styles, and cultural orientations in the country of operation. A manager working in a firm that has employees from diverse cultures should develop prerequisite attributes that will help in meeting business objectives.

These qualities include; quality control, interpersonal skills, communication skills, organizational skills among others (Von Bergen, Soper, & Parnell, 2005). Quality control involves measuring the variations of actual performance from the regular performance, identifies the causes of such deviations, and recommends appropriate measures (Lauring &