The Business Case for Diversity Literature Review

The Business Case for Diversity - Literature review ExampleThe antithetic theories and approaches of vicissitude management have been developed to understand the concept of business renewal in a better manner. These theories and approaches have been widely appreciated and supported by academics, managers and diversity consultants. Business Diversity delineate The business graphic symbol for diversity management can be better understood if it is divided in three sections (Nicholas, Sammartino & Lau, 2007) 1. The HRM Business Case for Diversity Management According to the HRM business sideslip of diversity management, unmanaged assorted human vision only results in increasing the business costs by reducing the dividing line satisfaction, increasing turnover and absenteeism rate and creating conflicts in team members. The sound management of diverse human resource results in creating a competitive edge for the organization. 2. The Knowledge Case for Diversity Management The kno wledge case for diversity management basically takes in to account the system of information and knowledge flow. It finds ways and strategies to assuage knowledge creation and transmission. 3. The International Business Case for Diversity Management This business case flora to determine how to exploit cross cultural capabilities in favor of the organization and business success. This business case illustrates that effective management of diversity has the potential to result in positive international orientation of a firm by strengthening international networks and improving mutual business decision making. Initially the diversity management was regarded as a tool to legally safeguard an organization that it is complying with the legal requirements of equality and not discriminating against any class (Ongori & Evans, 2007). However the recent years have seen a change in the perception of diversity by managers and recruitment agencies. It has evolved to become a more proactive conc ept with satisfying bottom line advantages. Many corporation and organization are making a point to gravel sure that their men is well diversified to facilitate unique, innovative and creative ideas for problem solving which give in better overall performance of the organization (Allen et al., 2004). A case study of Botswana emphasized the adopt of business diversity. The society of Botswana is multicultural with a large number of immigrants coming from all across the world. It kernel that the organizations operating in Botswana does not have choice but to be work force diversified. Their competitiveness, aim of innovations, profits and business success are all dependent on how well it manages its diverse workforce both within and across the organizational boundaries (Barker and Hartel, 2004). The issue of business diversity is gaining more interest of the researchers and regime because of the slow shifting of trend of economies from manufacturing to services. There is a gre ater need in the services market place to communicate and network with different organization and people which have further emphasized the need of forthwith to manage business diversity well (Wentling and Palma-Rivas, 2000). Advantages of Business Case of Diversity The business case for diversity works to provide a competitive edge for any organization (Karsten, 2006). The question that might be raised now is