Diversity is the key to growth in today's aggressively competitive global marketplace. Leaders can no longer hide behind their lack of cultural intelligence, but embrace diversity. To enjoy the benefits. Cultural diversity refers to the varieties of human cultures and the cultural difference that exists in the organization, society, or the world as a whole (Amadeo, K., 2014). Characteristics of diversity include race, language, ethnicity, religion, value system, education, nationality, social structure, beliefs, gender, and physical appearance. Cultural diversity is increasingly growing in the U.S. workforce. One report shows a projection of a white working age decline from 83% to 63% and a minority group increase from 18% to 37% by 2020 (NCPPHD, 2005). Cultural diversity has contributed substantially to the social and economic growth of the country. An organization's leaders should not ignore the substantial benefits of cultural diversity in the workplace, but maintain and enhance it to increase the organization's reputation and productivity. The Benefits of Managing Cultural Diversity Cultural diversity can bring tangible benefits to an organization that is prepared to promote, maintain and value the difference between cultures. The market is becoming increasingly competitive and many business leaders are branching out and developing new ideas, products and services beyond their usual culture or environment. A diverse workforce will help understand the needs and interests of another culture within and beyond the region. Thus helping the company to expand globally, acquire more business opportunities, provide opportunities to build an excellent and diverse customer base and remain competitive… halfway… employees how to work better with bosses or bosses diverse teammate, creates cultural awareness and teaches cultural sensitivity. Cross-cultural training will help employees learn and understand the customs and beliefs of another culture. Encourage employees to appreciate and see the benefit that another can bring to the workplace. Cross-cultural training helps leaders develop global skills for dealing with people or business partners from another culture. Training will not only ensure diversity, but prepare the organization's leaders for the global marketplace. In conclusion, as companies are becoming global every day and productivity and profitability depend on good interactions with diverse groups. A leader who embraces the importance and principles of leading an effective, diverse group will reap the satisfaction and benefits of being a multicultural leader.
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