Free

Introduction to Business - Essay Example

Comments (0) Cite this document
Summary
Racial and gender diversity encourages organizations to give equal opportunities to all employees, without regard of their race or gender in the work place. Moreover, it entails creating positive attitudes to employees and enabling them gain satisfaction while working with the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Introduction to Business
Read TextPreview

Extract of sample "Introduction to Business"

Introduction to Business Racial and gender diversity encourages organizations to give equal opportunities to all employees, without regard of theirrace or gender in the work place. Moreover, it entails creating positive attitudes to employees and enabling them gain satisfaction while working with the other colleagues in the same environment. Therefore, this makes the employees feel appreciated and secure in their environment making them more productive. However, encouraging this in the workplace, has made employees for instance, Best Buy create a conducive environment where all employees can be able to perform and work well leading to more productivity. In addition, the increase of female employees has illustrated this as it has been seen to increase sales to female customers raising their bottom line, and creating a family like environment where every employee is appreciated hence more work done.
2
The Lorraine motel, which is now a National Civil Rights Museum, is located in Memphis and picked by best buy in conducting training to its employees. Moreover, the motel being where Dr. Martin Luther King, who was a great fighter for black human and civil rights in America was assassinated, makes it an ideal location for training racial diversity employees. Therefore, Best Buy employs immersion techniques here to enable employees understand the importance of cultural and racial diversity as presented in Memphis. The Memphis environment is ideal in giving managers and employees some of the following: first, managers and employees should understand better the struggles for civil rights and generate respect for individuals of different races in the workplace and customers. Another effect is that it helps employees generate and appreciate cultural diversity among the different races in the world. In addition, this appreciation enables them to understand each other and be aware of how different races cultures perform in work environment hence appreciate it. Therefore, the trip also highlights the need for equality among different races and that no employee is greater than the other in the workplace.
3
A diverse workforce in racial and gender senses has been analyzed to have positive effects on a company’s bottom line in the following manner. First, race and gender diversity caters for customer of all races and gender, hence customers are able to get more personalized services from racially and gender diverse employees who understand them, enhancing their shopping experiences encouraging more sales and consumer loyalty. Moreover, diverse gender in the workforce creates a more family like environment, which makes employees work as one big family. This helps them share experiences and ideas and assist each other in work related issues hence make them more productive. In addition, gender and race diversity makes an employee feel comfortable in their work environment, and can be able to work effectively and relate to others and customers well without fear of standing out. Since the increase of female employees by best buy in 2003, their female customer revenue has risen to 4.4 billion currently. This can be attributed to the ability of female employees in order to understand the needs of other females know their preferences and be able to determine future trends before they occur. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Introduction to Business Essay Example | Topics and Well Written Essays - 500 words - 4”, n.d.)
Introduction to Business Essay Example | Topics and Well Written Essays - 500 words - 4. Retrieved from https://studentshare.org/miscellaneous/1599945-introduction-to-business
(Introduction to Business Essay Example | Topics and Well Written Essays - 500 Words - 4)
Introduction to Business Essay Example | Topics and Well Written Essays - 500 Words - 4. https://studentshare.org/miscellaneous/1599945-introduction-to-business.
“Introduction to Business Essay Example | Topics and Well Written Essays - 500 Words - 4”, n.d. https://studentshare.org/miscellaneous/1599945-introduction-to-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Introduction to Business

Introduction to Business Law

...? Pre-incorporation Contracts and Section 51 of Companies Act 2006 School Lecturer Pre-incorporation Contracts and Section 51 of Companies Act 2006 Introduction A pre-incorporation contract (PIC) is any contract that a company may have entered into with another party before it was actually registered as a company. Usually such contracts may be vital for the formation of the company may have to be eventually accepted as they form a responsibility of the company. An example is for building a minimal set of infrastructure and other resources for the company including offices, contracts need to be organised with the third parties by the promoters. Such contracts may get accepted since they provide immense benefits for the...
10 Pages(2500 words)Essay

Introduction to business law

...?Introduction to Business Law Executive Summary This discussion stresses upon the functions which are generally performed by the event managers in making a specific event successful, as well as determining the applicable legal regulations concerning health and safety aspects of the audiences and other stakeholders. The success or failure of a particular event or a concert largely depends upon an event manager. An event manager is mainly accountable for planning an event preparing effective safety measures and ensuring appropriate coordination with the staff for successful completion of an event. Managers need to remain increasingly concerned about the occurrences of any harmful incidents during the event....
10 Pages(2500 words)Essay

Introduction to Business Enterprise

...?Case Study Jennifer Reed Intro to Business Enterprise-1030 All the people associated with a company belong to the company during the scheduled office hours. Every company has resources that comprises of human and non human resources. However irrespective of their type it is obvious that they are meant for company works and should be devoted to the completion of the same. If the resources of the company are used for personal work whether nonprofit or profit making, then out and out it will be considered as nothing less than crime. First of all if they are used for personal benefit then it is resulting in individual benefit at the cost of the company that has nothing to do with the company profit. Again even it is used for...
3 Pages(750 words)Essay

Introduction to Business

...from the hands of the marketers and producers. Internet has aided not only the consumers; it has even helped the marketers. Consumers now have access to more options than they ever had, while on the other hand, marketers have figured out new and cost effective methods of marketing their goods and services which has even increased the overall profitability of the organizations (Hawkins, 2006, p.86). References Madura, J. (1998). Introduction to business. Cincinnati, Ohio: South-Western College Pub. Gitman, L. J., & McDaniel, C. D. (2008). The future of business: The essentials. Mason, OH: Thomson South-Western. Moore, C. W., Petty, J. W., Palich, L. E., & Longenecker, J. G. (2010)....
4 Pages(1000 words)Assignment

Introduction to Business Accounting

...? Introduction to Business Accounting Question Dainty Ltd. Financial ments Dainty Ltd Income Statement for the year ended 31st March’2013 Sales Revenue 2,880,000 Cost of Goods Sold(105000+1500000-120000) (1,485,000) Gross Profit 1,395,000 Operating Expenses (165,000) Administration Expenses(189000+8000) (197,000) Utilities Expense(27000-6000) (21,000) Depreciation Expense (666,000) Bad Debt Expense (30,000) Provision for Bad Debt (78,000) Net Profit for the year 238,000 Dainty Ltd Statement of Financial Position as at the 31st of March’2013 Fixed Assets Property Plant and Equipment (600000-270000-90000) 240,000 Company Limo (2400000-1440000-576000) 384,000 624,000 624,000 Current Assets Cash (27000+30000)...
4 Pages(1000 words)Essay

Introduction to Business

..., 2002. December 5, 2006. http://answers.google.com/answers/threadviewid=35174 Matthews, T. 'Filling in the GAPs with Tom Carpenter.' Originally appeared in 'Washington Law & Politics' magazine, received second place honours in 2003 for best Political & Government reporting, as recognized by the Society of Professional Journalists.December 7, 2006. http://www.wahmee.com/whistle2.html Parthasarathi, K. 'Making whistle-blowing 100 per cent safe.' Financial Daily from THE HINDU group of publications. December 26, 2003. December 4, 2006. http://www.thehindubusinessline.com/2003/12/26/stories/2003122600010800.htm Quereshi, S. 'Setting up effective whistle-blowing.' Expert File. Czech Business Weekly. July 7, 2006. December...
4 Pages(1000 words)Essay

Introduction to Business Law

...1a) Effectiveness of Alternative Methods of Dispute Resolution towards Access to Justice Introduction Access to justice has always been a cherished dream for humanity in every age of human civilization. Legal systems were in place in even ancient societies such as Greek and Roman empires. The idea that no society can survive without justice can be traced in all religions, races and demographics. In the last two centuries there has been a rapid rise in human population combined with advancement in technology. As a result businesses have expanded and many new professions have evolved. This scenario has changed the dynamics of legal systems as well. More disputes have started to emerge, more cases are filed...
10 Pages(2500 words)Essay

Introduction to Business Law

...Case Scenario I Issue: Flavio & Marco were not happy when they realised that the construction work had not been completed and they maintain the viewthat Nuriya has not fulfilled her part of the deal. In other words, has Nuriya satisfied her part of the agreement made? Rule: The relevant law is the Unfair Contract Terms Act (1977), which is entitled “Liability Arising in a Contract.” In this particular case, one of the contracting parties deal with the anothers written standard terms of business (s.3(1)). Notice the quote below with respect to liability: “(2) As against that party, the other cannot by reference to any contract term— (a) when himself in breach of contract, exclude or restrict any liability of his in...
8 Pages(2000 words)Case Study

Introduction to Business Law

...BUSINESS LAW Institute 1a) The options that need to be discussed in respect of the business being set up are of a sole trader, partnership or a company. Sole trader means a person who manages his own business and is a self-employed person. The person can have employees but the running of the business is carried out by him. The sole trader tends to receive money from his clients and pays income tax as a self-employed person. Thus the main advantage of a sole trading business would be the control by the person on how to manage the business and to get the entire income and make payments and tax accordingly. The main disadvantage of sole...
4 Pages(1000 words)Essay

Introduction to business

... Introduction to Business A business environment comprises of both the external and internal factors of business operations. This is the view shared by Goodman, Ladzani, Bates, Botha, and Vries in the book “Fresh Perspectives: Business Management”. According to the views given by the authors, a business environment is made up of the entire social, political and technological factors among many more other factors. The interaction between a business and its environment is usually continuous and it ensures that the business uses its resources more efficiently (Goodman, Ladzani, Bates, Botha, and Vries 15). As indicated above, the environment of a business is dynamic and most noticeably complex. Therefore, these environmental aspects... are...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Introduction to Business for FREE!

Contact Us