Importance of Corporate Diversity Essay Example | Topics and Well Written Essays - 1250 words

Importance of Corporate Diversity - Essay Example Married households with children drove that drop as they went from 40% to 23%. What is most compelling about this change is the increase in Non-traditional households which have grown from 12% to 22%. This group is made up of all sorts of new family and household formations - mostly single parent households. Single-mother families grew from 3 million in 1970 to 10 million in 2003, while the number or single-father families grew from half a million to 2 million. Non-Traditional household formations also include gay and lesbian households and a newer phenomenon whereby older, single people (single parents are the drive) find long-term roommates to help alleviate the financial burdens that often come with living alone. As the number of combinations and permutations of how people lead their lives continues to grow, traditional demographics work less productively as proxies for attitudes. Therefore, truly understanding the needs and wants of consumers and building products that meet their unique circumstances becomes more and more challenging. A growing concept is that companies that incorporate diversity in their work force are more likely to innovative compared to those firms that do not. Therefore, it can be seen that diversity is now forcing firms to recruit, retain and develop employees from varying multicultural backgrounds, different ethnicities, minorities, and also from the socially disadvantageous groups in the society. This diversity affects businesses in several ways; firms can increase their product sales as efforts by executives having diverse background can bring and bring new ideas that enhance sales; a diverse work force brings in new customers because their diverse backgrounds help in serving the customers better according to their needs, a diverse workforce questions and challenges that they think might affect the customer base because of advertisements, slogans or product contents being offensive to a particular customer group; other issues such as globalization demands it; having a diverse work force also is supposed to increase the bottom line of the company since the company incorporating diversity is looked upon favorably by employees, customers and also by the legal and the regulatory authorities. Some of the benefits that organizations are experiencing as a result of work force diversity also include lower costs since firms now face lesser law suit costs by hiring the diverse workforce, which previously they tend to reject and faced lawsuits over it. The diverse work force strengthens and reinforces the culture that promotes creativity and innovation. As mentioned, diversity generally enhances the bottom line i.e. the profits, firms are also seen as favorable in stock markets thus trading at premium and are also seen as likely targets for mergers. Firms when growing in size are in dire need of new and more recruits, selecting from the diverse pool of human resources give them a broad base to select from. Diverse population has different and varying lifestyles, thus firm can use this to its own advantage by utilizing some at one time and some other when special circumstances occur. Diversity can

Jornal assignment Essay Example | Topics and Well Written Essays - 500 words

Jornal assignment - Essay Example On the other hand, young people have their whole lives ahead of them, so they have all the more reason to vote. Another reason why young people don’t get out and vote as much is because they do not consider it a priority in their lives. Young people aged between 18 and 29 generally have other activities that keep them preoccupied, such as studying, working, or partying. For these first two activities, young people could actually improve their prospects of getting a job or receiving a scholarship to go to university simply by voting for politicians who support education and creating jobs. For the issue of partying, there is not much to do that could change young people’s attitudes because of the particular stage where they are at in their lives. Furthermore, young people may not vote because they constantly move from state to state and so are not registered to vote where they currently reside. Young people often experience great upheaval as part of their lives, and this may mean moving from state to state to try and find a suitable job. Changing over voter registration to another state may seem complicated and too time consuming, and so young people just choose not to update their details. Also, if young people are out of state, then they may not want to send in a ballot beforehand because it involves a lot of extra effort. The key to getting young people to the ballot box is by making things as simple as possible for them. The first way to encourage young people to vote is by providing education about the voting system and what their votes mean to the well-being of the country as a whole. Young people are at a stage in their lives where they are articulate, and so they can understand a reasonable argument that is presented to them in an easy to understand manner. Another way to get younger people to vote is by presenting campaigns to them through a medium that they are already comfortable with. This of course refers to social media such as Facebook