The Benefits of Diversity

Seminar paper from the year 2004 in the subject Business economics - Business Management, Corporate Governance, University of Phoenix, language: English, abstract: Diversity has become one of the most frequently used buzzwords in organizations in the last few decades. Corporations all over the globe espouse diversity with mission statements and corporate policies all geared to diversify their team. Minorities have broken many a glass ceiling, creating diversity in leadership across a plethora of industries. Yet, the question still remains, is diversity as valuable as these organizations seem to believe it is? Do organizations with a diverse leadership team have a competitive advantage over those who do not? This paper will review recent literature in support of this concept that indeed there is value in diversity, including diversity amongst organization leaders.