How can diversity be a business advantage?
You will get a very diverse set of ideas from different people from different backgrounds. The ideas that they bring to the table could be things that no one else has thought of before.
The advantages of diversity involve . having a target market . can be helpful if you know that there is a big gap in the market . New plans and Objectives . If employees back-up the new system
The advantages of diversity in the classroom are significant.Students will learn respect and compassion for people of differentbackgrounds and abilities.
Well there are several disadvantages and critique about the praised diversity in corporations. 1) Reversed discrimination - basically means that the 'regular and indiverse' people who might be more professional are not hired in favor of a person of a minority of an ethnic group, gender, age or se…xual orientation. 2) People with significantly different backgrounds might have cultural or other barriers to co-work efficiently 3) Some critics argue that diversity management programs nowadays are ran in order to achieve a better reputation or financial goals, forsaking the basic aim - social fairness 4) Lastly there is almost no empirical evidence of the usefulness for the company of implementing diversity, just theoretical, arguments of necessity. Of course You can make a much bigger list of advantages, appealing to human rights and social equality, but some of the specific advantages of diversity are: Better idea generating Understanding of many cultures and social groups Diversity might create an internal education and development of employees among colleagues An image of a 'caring' company Well this answer might be useful if you need an answer linked with HRM or management, because the word diversity can have several meanings. I hope I was useful, 'd love to receive feedback :) Miks Mikelsons email@example.com (MORE)
easy to find stuff than having to search through loads of files in filing cabinets doesn't take up space easier to type in details than it is to hand write accuracy, with Spellchecker etc.
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For some animals, obtaining food is a luck of the draw, and an animal with a diverse ability to obtain food is more likely to benefit from the opportunities that present themselves. For instance, an animal that can swim is able to go after fish, frogs, and turtles.
One advantage to a business hierarchy is the fact that employeeswill always know who they will report to. A problem associated witha business hierarchy is the fact that it can take to long to have adecision about any particular problem.
Computers are capable of high speed calculations, storing data andhas access to a wide variety of utility programs that can be usedfor business matters. Using computers in business can make everydaytasks easier and more efficient.
With a partnership you don't have to stress over every decision.You and your partner can share the decision making process.
there are many advantages in using ICT in businesses. here are a few: . it is very easy to store data, and Save things can be saved in many places other than just your computer, for example; external hard drives. . organisation is much more easier and better when using a PC. . if done efficien…tly, your work can be very accurate, depending on the user iput. . using ICT also means there is unlimited amount of space available to you (MORE)
There are a number of advantage of partnership business. Theprocess of making decisions is shared, there is also sharedliability in the business among other things.
The advantageous factors of the cooperative type of organization are given below: - 1. Elimination of middlemen. The management of the consumer cooperative society directly purchases the finished goods from the manufacturer and producer. Producer cooperative society procures the raw material from th…e producer. Thus they try to free themselves from the grip of the middlemen and make the goods available to consumers at lower prices. 2. Saving in management expenses. Cooperative society enjoys some economies in the field of management due to voluntary services performed by the members themselves. Thus, it is possible to minimize the expenses of management and supervision. 3. Minimum stock. Society purchases the same goods which are actually demanded by its members. Thus there is need to have minimum stock at hand due to constant and regular demands. 4. Economy in distribution and production expenditure. Society is saved from any distribution and production expenses. It has got its regular customers; therefore society has not to face any trouble for marketing its goods. Thus is has not to incur any expenditure for publicity and advertisement, which is a big item in the budget of the capitalist producer. 5. Integration. Under this type of organization, complete integration between producers, wholesalers and retailers is always possible. This is thus a clear advantage over capitalist economy. (MORE)
One advantage to writing a business proposal is the fact that youcan work out all of your problems on paper before committing to thebusiness. Without a proposal, you could make costly mistakes thatjeopardize your business.
Regulatory and Record keeping Requirements-Corporate operations are governed by local, state, and federal regulations to a greater degree than are other businesses. . Added Cost of Doing Business-Regulatory and record keeping guidelines and requirements often make it necessary for corporations to m…ake additional investments (in accounting staffing, etc.) devoted to seeing that those legal requirements are met. In addition, there are fees associated with incorporating that business partnerships and sole proprietorships are not subject to. . "Double" Taxation-People who are owners of a corporation, and who also work as an employee of the business, can receive financial compensation in two different ways. In addition to receiving a salary or wages for work performed, the owner may also receive a dividend or distribution on the stock that he or she owns. Any distribution of income to stockholders via dividends is taxable, however, if the corporation is organized as a "C corporation." This is sometimes called "double taxation" in recognition of the fact that such income has in reality been taxed twice, first when the corporation paid taxes on its profits, and secondly when the dividends were distributed. Companies that register as an "S corporation," however, are able to avoid this added tax. . Separation of Finances-While incorporation provides significant protection of owners' personal assets from repercussions of business downturns, it also means that a business owner is not allowed to tap into the corporation's account for assistance in meeting personal debts. (MORE)
Advantage of business is that you gain profit . But often is your business doesnt succseed then you will lose money (especially if the liability falls directley to you) you can end up losing everything especially if you are say a sole trader etc.
Some of the advantages diversity can bring to an organisation are: Â· Working with different types of people, who have different qualities. Â· Having everyone's strong points together for a better and more efficient working environment. Â· Getting to know differen…t people and finding out about their backgrounds. Â· A wider range of unique idea's and suggestions for the company. (MORE)
their are many advantages to a diverse society such as what each individual brings! different foods, drinks,music,literature,art,festivals,dress,language,customs,social relationships,religons and ideas. but im sur the list could go on. surley these are advantages because we are learning so much from… all different kinds of people, everyday!! (MORE)
Diversity allows people to learn more about each other, the world and its different cultures. It also allows us to feel like we "fit in" and are "part of the world".
The best teamwork comes from people with diverse points of view, who can collaborate, come to consensus, and take action. The advantage of a culturally diverse team is that people have a variety of different points of view when approaching problems or taking action. An example of this might be when …a problem is solved by people from broadly diverse socioeconomic situations; if a team has only members from one end or other of the spectrum, some solutions may not even be considered, due to cost or production demands. Another would be if the members had a variety of types of education; problems would then be looked at from the perspective of many disciplines rather than a narrower one. (MORE)
A society that lacks religious diversity can often be one in which intolerance takes firm hold, causing serious discrimination against various minorities.
Using an open office layout in businesses takes away the isolation of individual offices - maintaining a sense of 'belonging'.
Small scale business is a good thing because it can respond to theneeds of people in a more intimate way. Additionally, smallbusinesses keep power from accumulating with a small group ofpeople.
It depends on what you're going into. If you're going to manage a restaurant or several restaurants, the pay will be great and the benefits are also very nice. If you plan to have a uniform and stand at a counter, your only real advantages are job security and opportunities to advance to being a res…taurant owner. Be careful of the place you choose, as McDonald's will give workers bad reports to avoid raising their paycheck. (MORE)
The advantage of diversity within a species is the evolution of new, possibly advantageous, traits within that species through recombination of genes. This can help the species to survive more successfully in its environment.
Like the neggas of the west are matchin' up with the neggas of theeast ya know?
It allows persons from different part of the world to learn about others culture which includes their language,dance ,food and their way of life .it can also enhances
Advantages Increased adaptability Organizations employing a diverse workforce can supply a greater variety of solutions to problems in service, sourcing, and allocation of resources. Employees from diverse backgrounds bring individual talents and experiences in suggesting ideas that are flexible …in adapting to fluctuating markets and customer demands. Broader service range A diverse collection of skills and experiences (e.g. languages, cultural understanding) allows a company to provide service to customers on a global basis. Variety of viewpoints A diverse workforce that feels comfortable communicating varying points of view provides a larger pool of ideas and experiences. The organization can draw from that pool to meet business strategy needs and the needs of customers more effectively. New processes: New processes can result when people with different ideas come together and collaborate. In today's fast-moving world, there is no longer room for thinking, "We have always done things this way and cannot change." (MORE)
Prime question: what are your business challenges? It is very tempting to see diversity management as an end in itself - it take very little imagination or skill to send out one's recruiters to find the required number of female, male, disabled, fat, jazz loving, single fathers etc etc to build a '…representative sample' of the population. If you adopt the philosophy of doing the best for your owners and customers, you would create an environment in which you would as a matter of course hire, retain and promote the best people regardless of what ever pigeon holes they might otherwise fit (MORE)
Investors can sell their shares whenever they want for the best price they can get. Investors only risk losing the money they themselves put into a company.
Living in a country with a diverse physical geography offers many advantages such as the oppurnity to experience many different types of landscapes and climates. It also gives the people gives intimate relationship with the natural setting. Inhabitants develop characteristics for advantages to their… land and a diverse physical geography allows a lot of development. (MORE)
.The north of italy is richer compared to the south of itlay, since in the north they sell more food eg: milk, cheece etc , they also sell more clothes and have more fashion trends across europe, america etc
Religious diversity can bring about war and further physical division in a society. But, it also can allow us to learn tolerance and respect for other religions.
As a business owner, or someone looking to purchase a business, avaluation is incredibly, well, "valuable". Everything else in ourlives seems to have a price, but so often small business ownershave no idea how much their businesses are worth. A good businessvaluation can be useful in tracking the su…ccess of a business overtime, securing a loan, dealing with investors, satisfying an ownerscuriousity, and is a necesity if you are looking to sell or aquirea business. The disadvantages are obvious, in that the valuation ispurely theoretical, and a business is only worth what someone willpay for it. I had my business valued by EZaluate.com and found thevaluation to be extremely precise and wound up selling for only$3000 more than they said the business was worth. It's all aboutfinding the right valuator, and ensuring that they use the rightmethod. The Discounted Cash Flow method is most accurate, andwidely used on Wall Street. (MORE)
It has two distinct advantages over traditional marketing. E-marketing provides customers with more convenience and more competitive prices, and it enables businesses to reduce operational costs.
Opportunities to trade with individuals and groups that are compatible with small-business culture. The presence of up-and-running companies that did not need massive investment or years of planning to set-up. Freedom to take instant decisions that would need to be exposed to many committees befor…e being authorised in big business. Outlets for highly individual characters to run a company in their own image, when they might not meet the criteria for promotion in big companies. Below a certain number of employees, the management is exempt from certain human-rights obligations that could inhibit efficient operation. Generally, freedom from bureaucracy. (MORE)
Advantages: beter trade items, more varied economy, and surplus of food Disadvantages: need for a more organized gvt. System
Business to business marketing will make you more money, flat out. You are selling your product to a company who will buy in quantity of everything instead of just one or two. If you're out to make cash, this is the best you can hope for. Level of professionalism as well.
The presence of Western traders in India increased the demand forgoods and services in India. As a result of the British living inIndia, Indian artisans, weavers and craftsmen were steadilyemployed. Although they were deprived of the full profits of theirlabors, these artisans and craftsman grew in …numbers, and theIndian labor force became more skilled and handy. By the time theBritish left the subcontinent, a greater percentage of Indians hadacquired skills to make a living. (MORE)
Diversity is a key for almost any situation. When kids and adults can interact with others different from themselves, it makes a vast difference in their consciousness and ability to get along in a positive way with peers.
People grow up with different races and religions which makes them used to it as they grow up. Also, there is no reason why they shouldn't be together... There both people aren't they?
It was an advantage because the caste system was a way to regulate relations between the diverse groups. From it sprung the belief in reincarnation and the religion of Hinduism. One of the well known religion today.
"There are many advantages to putting your business online. Some of these would be getting a broader customer base, thereby increasing your business volume, reducing actual overhead by not needing a ""brick and mortar"" office and even enabling you to work from home."
"There are several advantages to email marketing. You will reach more people across the world, you will save money by not having to purchase paper goods for regular mail, you can make your email much more personal instead of a generic mass mailing...these are just a few of the advantages of email ma…rketing for businesses." (MORE)
helping each individual learn from different interests. people growing up with different races and religions which makes them used to it as they grow up. when kids and adults can interact with others having a greater variety of perspective.
There are many different social groups around, so new cultures emerge and it's a good thing :D
I speak English, Spanish, and watch Japanese shows. I Admired the Chinese and the way they live many people are blinded by what they know about china from history or the news but when you live in the cities, and travel around it, talk to the natives, and eat The Real version of Chinese foods, your p…erspective chances. The people I encountered were sweet, so grateful to have anyone in their presence, they just woke every day and decided either to go to work or get an education. They didn't need all the fancies that we have here in a more develop country; develop superficially not humbly like the Chinese are. They don't care about their nation being communist, and I didn't notice any animosity towards me being a different race, even my best friend who happened to be there with me because she is Chinese and we stayed with her family there, told me that unlike America how it said that "yes everyone is welcome, leave your poor country, and come struggle in ours", then maybe if your useful we shall give your paper!.. In China everyone is welcome and they are not segregated at and looked upon as terrorist or judgmental eyes. I was shocked to see so many Brazilians, Indians, and people from the Middle East in general. Also Koreans, you can tell the difference because they are taller and a bit aggressive. (MORE)
The function of an aim (goal) exists to ensure attainment of the objective which your effort is directed. A specific goal has a much greater chance of being accomplished than an unknown goal. For example, you seek to drive across country---do you have your trip mapped out; know the cost of trip; t…he number of miles you will drive daily; the stops you will make for food & lodging. Simply stated to set a specific goal you must answer the six "W" questions: *Who: Who is involved? *What: What do I want to accomplish? *Where: Identify a location. *When: Establish a time frame. *Which: Identify requirements and constraints. *Why: Specific reasons, purpose or benefits of accomplishing the goal. The function of the planning ensures the process will continue no matter what obstacles may come. And obstacles will come! I'm sure you've heard the old saying, "All's well that ends well". Well, I would suggest to you that "All's well that BEGINS well." (MORE)
business law provides the rules which are applicable for business trans action .there is a compulsion to follow them while dealing with other company or person.
When all the organisms are exact genetic copies, you don't have diversity. Additionally they would all appear as identical twins. If you are talking about a food crop if a bacterial, fungal disease strikes, they may all succumb. We would be left without that food. When there is diversity, some of th…e organisms are resistant. The resistant organisms survive and pass the resistance on to future generations. The resistant organisms also serve as a buffer. The resistant organism doesn't come down with and, therefore, spread the condition. (MORE)
you losers don't know it is that if you live in a diverse society you become super smart