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The importance of diversity management
Researches done before in diversity management theoretical review
Researches done before in diversity management theoretical review
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Product development is the point of twitch the business introduces new products to an existing market. McDonald 's do this regularly comma must as of late with the McFlurry, as they introduced the overall products as an ice cream, however the introduced the new product buy it having the numbers new flavours. The product is now available on the market as McDonald 's reintroduce it everytime they come up with, and want to establish, a new flavour. Diversification is when the business decides to introduce new products to a new market. This is the most risky strategy out of all the four strategies of Ansoff 's matrix, as the business is about to bring a totally new product into a completely new market, in which they are uncertain about how successful is their new product going to be and what the response from the new market is, also, going to be.
The problem is, in Dynacorp, not only the amount of employees had significantly increased but the product scope had expanded as well. With thousands of employees working together under the same environment and several product lines on the market, at this point, with three divisions working toward different goals based on its own specific fields, Dynacorp had actually developed a boundary among the divisions. And this separation was deepened as the company expanded bigger. “Dynacorp’s current organization had serious shortcomings” (page1). The lack of integration between divisions is a result from the fact that the organizational structure did not meet the company’s expectation.
In the last few decades, companies have began to realize the importance of diversifying their workforce and expanding into the global market. Diversity in the workforce helps improve productivity by promoting a variety of different perspectives. This variety helps with problem-solving and innovation within the company. Similarly, expanding into the global market helps companies gain access to new talent and resources. One company that has exhibited both of these characteristics is Comcast.
Question 1 Several factors have been proposed as providing a rationale for mergers. Among the more prominent ones are (I) tax considerations, (2) diversification, (3) control, (4) purchase of assets below replacement cost, and (5) synergy. From the standpoint of society, which of these reasons are justifiable? Which are not?
Organizational diversity is a concept where an institution upholds diverse values owing to the differences in race, experiences and religion, among others. The composition of people from different backgrounds constitutes diversity. In the contemporary society, institutions are required to respect and nurture diversity. Diversity helps in bringing exchanges between people with varying experiences and backgrounds. As such, it results in positive benefits that enable the society to live harmoniously.
Different diversities of many human populations believe Canada is one of the best places to live in. What is their reason for this belief? Canada is home to many citizens who take pride in their identities that set them apart from other people. Social, economic, and political factors can influence the identities of many Canadians today. Society in Canada differs from other countries and provides a safe atmosphere for all citizens.
With more business enterprises adopting franchising and syndication approaches, Porcini’s should have considered these recommendations too to establish a reputable business empire along the major
Introduction Since 1996, Royal Dutch Shell (Shell) had been promoting the diversity and inclusion (D&I) initiatives, which aimed to increase the variety of compositions and values the differences such as, age, sex, gender, race, nationality, and education (Sucher & Corsi, 2012, p. 5). Yet, Voser’s, the new Chief Executive Officer, Top Management Team (TMT), was dominated by middle-age American and European men from 2008 to 2009. Because diversity could have both positive and negative impacts on the company (Webber and Donahue, 2001) and the nature of industry as well as the contextual circumstances could both support or hinder various diversity characteristics (Cannella et al., 2008), the implications regarding the short run situations and
Apple Inc. embraces diversification strategy as a means of promoting its viability in the market. Largely, the creation of the three products lines compounds the sources of the company’s income. In fact, the company does not rely on a single source of income because the product design belongs to different categories. This strategy cushions the business from suffering risks of associated with depending on a single business. According Hitt, Ireland, and Hoskisson (2014, p.135), the benefit of handling many products is that when one product fail or does poorly in the market, the business is would shift its attention of the best performing products.
The organization I work for, Starbucks is highly diversified. In my opinion, Starbucks successfully employs each of the seven diversity components: “authentic leadership commitment, clear organizational communication, inclusive recruitment practices, long-term retention strategies, incorporating diversity into main work of the organization, diversity management metrics, and expansive external relationships” (CanÌas, Sondak 2014). With that being said, Starbucks could improve by incorporating diversity into main work of the organization. One way Starbucks proves their commitment to diversity is authentic by holding a diverse board of directors. Of the seven board members, three are women and one of these women is of an African descent.
Mergers and Acquisitions and Shareholder Wealth: The theory of finance states that maximization of shareholder wealth should be the goal of every business organization. It is not clear, however, whether maximization of shareholder wealth is the main motivation behind Mergers and acquisitions. This has generated a lot of research interest the area. Unfortunately decades of intensive research have not been able to conclusively establish the impact of Mergers and acquisitions on shareholder wealth.
ROHINI T.H 1321758 EVALUATING THE STRATEGIES OF A DIVERSIFIED COMPANIES MEANING OF DIVERSIFICATION Diversification means it is a process of adding a new line of business to the company that is different from the existing line of business operations. A diversified business company or a multi- business company is the one which is involved in two or more different line of industries, in order to attract the new line of customers and also to sustain the existing group of customers. In general when a line of business has diversified its activities, it ensures competitive advantages to such companies which allow diversification in order to minimize the risks. But it does not be the same situation all the time for all the companies, because diversification
• Weaknesses and Threats (WT) – How can weaknesses be minimised and threats managed? Part IV: Concentric Diversification strategy This strategy uses their technology expertise, to create value being the ‘lowest cost, customer-centric, online market. This policy proved good as it helped organised their customers (B2B & B2C) as well as activities, securing their cash flows to crisis.
Introduction The following strategic analysis report was carried out for Giant Hypermarket in Malaysia. Giant Hypermarket also popularly known as “Giant” is a subsidiary of Dairy Farm International. The objectives of the study is to advise the Board of Directors into a possibility to revisit and redesign the current business strategy based on the blue ocean strategy (Kim and Mauborgne, 2005) to provide value based innovation via cost reduction with increased value for buyers and to ensure sustainable business operation in Malaysia. Additionally, the analysis also includes the possibility of developing a global strategy for Giant.
INTRODUCTION This assignment is set up into two parts. The first part will be the theoretical part, where we will be discussing the concept of the chosen topic, Diversity Management. We as a group will collect definitions from various sources in order to get a broader understanding of Diversity Management. Thereafter we will look at the analytical part of Diversity Management.
