How Managing Diversity Is Important for the Companies - Essay Example

Through diversity, employees feel valued, thus they are more engaged in the workplace. . Also, managing diversity should be part of organizational culture because it would attract customers. Customers have a preference to buy services and groups from diverse businesses. Therefore, companies with diverseness within their management will simply fulfill the needs of a wide customer base. Lastly, cultural intelligence is the most compelling significance of having a diverse workforce. As a result, when clients and employees are diverse, opportunities to not only learn but also acknowledge the values held sacred by others are boundless (Barzantny, 2007).

Times are changing in the labor force, and stakeholders are changing in various ways, apart from gender and race, people with disabilities, single-parent families, aging workforce, and dual-earner families. For this reason, there is a need for the creation of diverse policies, behaviors, and work culture where people feel like an essential part of the organization. Management diversity will bring competitiveness in organizations thus enhancing performance innovations in the business world. In the advent of increased diversification of the business world, a number of corporations are investing in different parts of the world. Hence interacting with people from different cultural backgrounds. This will prompt the need to utilize it. Thus, it will gain more popularity among major businesses. Most managers will have to integrate it as part of their management techniques for increased performance in the world.