Personal an Managerial Effectiveness Essay Example | Topics and Well Written Essays - 2750 words

Personal an Managerial Effectiveness - Essay Example It then outlines potential strategies that managers can utilize to effectively manage assorted workplace populace. The possible benefits of efficient diversity management are further stipulated in the report. In the subsequent section, the paper focuses on challenges linked to diversity in the multinational organization under scrutiny. The principal conclusion drawn from the analysis section is that, senior management at the MNC in question must strive to adopt suitable diversity management strategies in order to capitalize on employee productivity. Some of the recommendations include improvement of intercultural communication and implementation of training programs that foster multicultural interaction within the organization. Overall, the report recognizes that fact that with increased globalization, contact among individuals from widely varying backgrounds is inevitable. For this reason, senior managers could have better ability, to place the organization in a strategic position, where it can maximize profitability by taking advantage of a diverse yet integrated workforce. Contents Executive Summary 2 Contents 3 Introduction 4 Discussion 4 Definition and Justification of Diversity 4 Workforce Diversity Evolution in 21st Century Companies 6 Approaches to Manage Diversity 7 Benefits of Effectively Managing Workforce 8 Analysis 8 Conclusion 10 Recommendations 11 Bibliography 14 Introduction Growth of the business environment to a global scale has prompted companies to extend their services beyond their parent countries to other nations thus gaining worldwide influence. It has become apparent that individuals in the contemporary world do not work or exist in isolated places like was the case in the past. People and businesses in the modern world compete with others at a global level, meaning that they are bound to encounter a wide range of cultural beliefs that differ from their own (Aswathappa, 2006, p. 10). This implies that, organizations seeking to benefit f rom widespread globalization must adopt strategies that enable them to embrace and manage diversity effectively. Workplace diversity concerns are progressively becoming significant to organizations not just because of the spread of globalization, but also due to the change in population structure within different countries. Companies must examine their diversity management capacity and formulate innovative ways of ensuring that they are completely inclusive; since diversity would enable them to foster employee productivity thus gaining and retaining competitive advantage over other organizations. Discussion Definition and Justification of Diversity There are numerous definitions of diversity. However, the most common definition acknowledged by many scholars is that diversity refers to the recognition, comprehension, appreciation and acceptance of disparities among people. These differences could be related to social or economic class, gender, ethnicity, religion, race and mental or physical ability, among other factors that distinguish individuals (Aswathappa, 2006, p. 16). Diversity concerns have become a crucial element of management, due to globalization of companies and continued restructuring of the global population. Many management scholars also uphold the notion that diversity is a highly valuable asset for companies, since they can use it to distinguish themselves from competitors. Further, diversity managem