Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Why do you think an individual is recruited? Is it because he/she is qualified enough to do justice to a particular role or he/she belongs to the religion you belong? The answer is very simple. Obviously an individual is hired because the company feels that he/she can contribute to his/her level best towards achieving organization goals. Discriminating someone on the basis of his/her religion, caste, background or community at workplace is absolutely unethical.
Let us go through the benefits of organizational diversity:
Organizational diversity brings together individuals of varied experiences, educational qualifications, age groups and backgrounds at a common place - your organization. The first and the foremost benefit of organizational diversity is individuals get to learn lots of things from each other.
You get to know about each other’s religion, community and also get an opportunity to gain from each other’s expertise. You might not know everything which probably someone associated with the organization for quite some time would know. It is foolish to underestimate anyone.
Organization A had individuals who were more than forty years of age and were in the system say for last ten years. The management did not like the idea of recruiting fresh talent and relied only on experienced ones. In due course of time, the experienced lot could not cope up with the changing technologies and failed to survive the challenging times. Organization A eventually suffered great losses and had to be shut down.
Organization B on the other hand believed in the concept of organizational diversity and had individuals of all age groups, work experiences, qualifications striving for a common goal. Young talents are generally little keener on upgrading their knowledge as compared to older employees who are on the verge of retirement. During tough times, Organization B gained not only from the experiences of the older people but also from the young lot who faced challenges with a smile and encouraged others to stay calm and patient.
An organization needs to have all types of people around. Everyone is talented and everyone if mentored and guided well can actually make a difference. So what if the other person is a fresher? If he/she has the right knowledge, he/she can actually prove to be an asset for your organization.
Organizational diversity ensures equal opportunities for all. What is the problem in recruiting female employees? Why are they denied top level positions? Just because they are little sensitive. Trust me; no one would buy this logic in today’s professional world. It is high time when male employees start taking their female counter parts seriously and provide them their due credit. Anyone who has the talent and passion to make it big in the professional world ought to get an opportunity to showcase his/her talent. Organizations eventually benefit from the innovate ideas of all individuals when pooled together.
Organizational diversity goes a long way in exposing individuals to varied cultures and traditions. It gives you a chance to know about other festivals and how they are being celebrated by other religions. Believe me, during festival seasons, everyone loves to bring delicacies from home and it is like a big party at workplace.
Organizational diversity not only brings employees closer to each other but also strengthens the bond among them. Employees feel happy and motivated when they celebrate different festivals together. This certainly also reflects in their work when they readily help each other and seldom indulge in unnecessary conflicts and solve issues among themselves. Individuals from different backgrounds and experiences can also sit together, brainstorm ideas and reach to better solutions benefitting the organization.
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