Answer to Question #227206 in Management for Gray

Question

Discuss the advantages, disadvantages and the major challenges that contemporary organizations are facing in terms of workforce diversity, by focusing on ‘values across cultures’ 

Answer 1

Advantages

-This improves a market's strength by promoting economic prosperity and meeting more individual demands with the same inputs available.

-Enhances the aptitude to view things differently, uncover underlying themes, establish links between ostensibly unconnected occurrences and come up with creative responses.

-To enhance its earnings, the high-cost firm might cut its expenses to raise its profit margin. It might potentially raise the price per unit of its goods, but that would mean losing sales to competitors that demand less for their products.

Disadvantages

- Many individuals deal with actual speech obstacles such as halting, dysphonia, and auditory loss.

-Authors of this method think that a social hierarchy is viable when distinct levels of the culture preserve an equilibrium between intended objectives and ways of accomplishing them.

Challenges

-Issues with communication. With a varied staff, interaction may be difficult.