Workforce Diversity: A Source of Competitive Advantage

Kaur, Supreet
July 2014
Asian Journal of Research in Business Economics & Management;Jul2014, Vol. 4 Issue 7, preceding p197
Academic Journal
In today's globalised world, people no longer live and work in an isolated marketplace rather the entire world has now become a "Global Village" where people from different culture, values, attitudes and beliefs come together and interact with each other. Organizations work in a national or an international context often requires full range of workforce from across the nations to satisfy their customers. Diversity provides organizations with the ability to compete in global market. Diversity is said to bring substantial potential benefits such as better decision making and improved problem solving, greater creativity and innovation, which leads to enhanced product development, and more successful marketing to different types of customers. Having a diverse workforce selected from across the world provides organizations with a source of competitive advantage. It creates a competitive edge over other cohesive societies. Workforce Diversity requires intermingling of people towards the objective of achieving higher growth. This paper is designed to analyze the concept of workforce diversity and how it can prove as a source of competitive advantage to the firm.


Related Articles

  • Corporate Entrepreneurship: The Facilitating Effects of Creative Self-efficacy and Leader-Member Exchange. Schenkel, Mark T.; Brazeal, Deborah V.; Maslyn, John // Southern Journal of Entrepreneurship;May2009, Vol. 2 Issue 2, p1 

    Extant CE research has focused on top management efforts to spur new venture creation and innovative strategic renewal activity within existing organizations via organizational characteristics. In this paper, constructs from the creativity and leader-member exchange literatures are utilized to...

  • This Quarter: Creative Construction. Jackson, Jerry // FMI Quarterly;2012, Issue 1, p4 

    An introduction to the journal is presented in which the editor discusses various reports published within the issue including one on how organizations need to be creative in the deployment of their strategy, another on the challenges and innovations affecting training and development practices...

  • Twenty Questions for Chief Diversity Officers.  // Diversity Factor;Fall2009, Vol. 17 Issue 4, p1 

    The article presents questions and answers related to the role of chief diversity officers (CDOs) towards disparities in the workplace, including the definition of diversity, history of multiple identity groups and the synchronization of diversity with the organizational strategy.

  • EXTERNAL KNOWLEDGE ACCESS VERSUS INTERNAL KNOWLEDGE PROTECTION: A NECESSARY TRADE-OFF?  // Academy of Management Annual Meeting Proceedings;2011, Vol. 2011 Issue 1, p1 

    The article presents a study on the importance of external knowledge sourcing to the innovation strategy of an organization. The researchers used the responses to the fourth and fifth British versions of the Community Innovation Survey (CIS) conducted regularly across European Economic Area and...

  • Human Resource Management in the Light of Globalization - Issues and Challenges for HR Managers. Ali, Mohd Ashraf; Sheikh, Umer Shareef // Asian Journal of Research in Business Economics & Management;Jul2014, Vol. 4 Issue 7, preceding p166 

    The present day world belongs to an era of globalization. The nations are no more bound to restrict their activities within their geographical limits or boundaries. The global trade and cooperation between countries has turned the entire world into a global village, resulting in steeper and...

  • Power of Diversity. Lencioni, Pat // Leadership Excellence;Jan2010, Vol. 27 Issue 1, p15 

    The article discusses making diversity as a competitive advantage in teaching people.

  • Recruit a work force that reflects global market. McKernan, Tara // Fairfield County Business Journal;12/8/2008, Vol. 47 Issue 49, p10 

    The article offers information on how to recruit a work force that reflects global market. Recruiting and managing a diverse work force serves as a critical factor in determining success. To secure thus talent pool for one's organization, it is helpful to secure the commitment and buy-in of the...

  • Diversity Communications 101: One Size Does Not Fit All. Jackson, Tisa // Profiles in Diversity Journal;Jul/Aug2010, Vol. 12 Issue 4, p39 

    In this article, the author discusses some strategies for organizations to develop an efficient diversity and inclusion communication program. She states that the first thing to do is to define diversity in the workplace and clarify organizational aims and objectives about it. She cites the need...

  • Pride Month: Employee Resource Groups Providing Value Beyond Cultural Awareness. McLane, Mark // Profiles in Diversity Journal;Jul/Aug2011, Vol. 13 Issue 4, p36 

    The author discusses the important role played by employee resource groups (ERGs) in providing value beyond cultural awareness diversity within the organization. He notes the significance of developing concise annual plans that drive motivation to demonstrate the value of an ERG. He also...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics