Managing diversity within and across cultures

Nowadays more and more diverse employees work in the same business workplaces. Diversity in business arises from the difference of these employees in culture, gender, age, education, and so on. Business diversity can help an organization enhance its creativity, generates its adaptability, occupy more market share, and avoid involving in lawsuit.

However, if diversity is treated in wrong ways, it can cause problems in business communication. This may lead to conflicts between employees. In addition, diversity may cause employees resistance to innovation in business workplaces. In order to solve these problems, organizations should learn how to manage diversity

The Benefits of Diversity

Diversity enhances creativity. Diverse Employees can think through issues in different ways, so they express their different view points. Thus Diversity in business can enhance creativity. Diversity generates adaptability. In diverse workplaces, employees with diverse education background and different experiences usually provide good suggestions to solve different problems in the business transactions.

Diversity helps business organizations occupy market share in business competition. In diverse workplaces, employees have diverse cultural backgrounds and come from different places of the world. They learn diverse demands of customers with diverse culture. This can allow an organization provide service or product to customers on a global basis

The challenges of Diversity

Diversity causes communicational challenge. Diverse employees with diverse culture may feel it difficult to understand each other. Men and women in conferences may find that they can not understand each other because of different gender. This will cause some problem in communication in diverse business workplaces

Diversity causes conflicts between employees. Diverse cultures, religions may have different rule for people in their routine life. Diverse workplaces may make it possible for different life styles to make effects at the same time. This may cause conflicts between different employees.

Diversity makes employees to resist changing of their workplaces. Employees with diverse cultures are difficult to change their world view to adapt changing of their workplaces. Josh Greenberg thinks that some employees will not accept that the social and business situations are changing now, and they always think what they do in routine is good and resist any changing

Overcoming Diversity Problems

Learning the diversity of others It is necessary for business managers to understand diversity in workplaces. Especially, they learn about different cultures. They should be able to understand how many kinds of cultures there are, what diversity is, what they should do.

Understand the diversity of own With different background, managers maybe have prejudices in treating matters of diversity. So they should understand their own cultures in order to treat their employees with other cultures in right way.

Provide employees with diversity training program Employees that have taken training of diversity are able to learn how to deal with problems of diversity. Diversity training programs provide business companies with good opportunities to improve their employee's skill in diverse workplaces

Collect and analyze diverse employees' complaints Collecting and analyzing employees' complaints which result from diversity can help managers to find potential problems. Good managers should learn how to find potential problems. The better way for that is to care about complains of employees.

Establish rules to avoid diversity conflicts In order to avoid diversity conflicts, the rules to regulate employees' behavior must be set up and conformed to by every employee. Find similarities of diverse employees. Similarities can overcome diversity between employees. Managers should encourage employee to try to find similarities of them, according which employees can improve their business communication in workshop and improve their relationship.

Learn foreign languages improves relationship of employees Learning second languages from other colleagues can help employees improve their communication and establish good relationship. Enhance communication of employees Business organizations should provide more opportunities to enable their employees to communicate each other. This will improve retention of employees. In addition, good communication between employees can build a good relationship between employees, and increases productivity

Make strategies on diversity in business These strategies on diversity are guidelines of a business organization, and it will provide method by which managers can deal with problems of diversity and by which improve individual and organization performance in business workshops.

Conclusion

Business Organizations can employ diversity management as a tool to manage diversity in workplaces. By this tool, organizations can make use of the advantages of diversity, and reduces its negative influences on productivity and employees

Multicultural Management
As per the management of multicultural & cultural management is concern than both the management are samethere are some successful management techniques in this regardthat are as follows: successful Managers Learn about Culture Successful Managers Support Social Activities Successful Managers Get Involved in the Community

Country risk

Country risk refers to the risk of investing in a country, dependent on changes in the business environment that may adversely affect operating profits or the value of assets in a specific country. For example, financial factors such as currency controls, devaluation or regulatory changes, or stability factors such as mass riots, civil war and other potential events contribute to companies'

We now turn to some key indicators of the general level of risk in the country as a whole termed country risk. Some of the common characteristics of country risk are:i) a large government deficit relative to GDP. ii) a high rate of money expansion, especially if it is combined with a relatively fixed exchange rate

iii) substantial government expenditures

iv) price controls, interest rate ceilings, trade restrictions, rigid labor laws, and other government-imposed barriers to the smooth adjustment of the economy to changing relative prices.
v) high tax rates that destroy incentives to work, save, and invest vi) vast state-owned firms run for the benefit of their managers and workers

viii) pervasive corruption that acts as a large tax on legitimate business activity, holds back development, discourages foreign investment, breeds distrust of capitalism, and weakens the basic fabric of society.
ix) the absence of basic institutions of government a well-functioning legal system, reliable regulation of financial markets and institutions, and an honest civil service

Alternatively, indicators of a nations long-run economic health include the following: a) a structure of incentives that rewards risk taking in productive ventures

b) a legal structure that stimulates the development of free markets

c) minimal regulations and economic distortions

d) clear incentives to save and investments e) an open economy f) stable macroeconomic policies