How Diversity Is The World Of Business And Growth Is Seen Beyond The Borders Of The United States

1439 Words Nov 5th, 2015 null Page
As the information system has changed the world of business and growth is seen beyond the borders of the United States. “Perhaps the most significant source of change affecting many organizations today is the increasing globalization of organization and management.” (Griffin & Moorhead, 2014, p. 32). There is a great deal of learning from different diverse group such as different culture, women, education background, etc. which provides an opportunity to learn from different points of view and broaden your strengths and knowledge as a person. I absolutely agree with Kerby & Burns (2012, para. 2) that “A diverse workforce combines workers from different backgrounds and experiences that together breed a more creative, innovative, and productive workforce.” There are many benefits to the economy by adapting diversity in the work place. “A McKinsey & Company study, for example, found that the increase in women’s overall share of labor in the United States—women went from holding 37 percent of all jobs to 47 percent over the past 40 years—has accounted for about a quarter of current GDP” (Kerby & Burns, 2012, para. 3). A different racial and ethnic backgrounds, women, and consumers who are gay or transgender can be target consumer specific product that can helps businesses increase their market share.
Business will have a competitive advantage to adapt to diversity as Census data suggest by 2050 there will be no racial or ethnic majority in the United…

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