Power of Benefits From Diversity; My Takeaway;

Power of Benefits From Diversity; My Takeaway;

?1) Please share with us your opinion on which is the biggest benefit from diversity (a) Greater access to talent and skills (b) Greater innovation (c) Greater creativity (d) Others

?(a) Greater access to talent and skills

(b) Greater innovation

(c) Greater creativity

(d) Others

?2) Why is diversity important for business success? Study after study has proved that?diverse companies perform better than their more homogeneous counterparts; they have happier and more innovative employees, boast higher retention rates, and are better at problem-solving; culturally diverse organizations are up to 36 per cent more profitable.?

?3) What is diversity in entrepreneurship? Diversity in the workplace means?having a workforce inclusive of different backgrounds and national origins; it means gender, socioeconomic, and cultural diversity and beyond; it also means that the organization fosters a sense of belonging that makes everyone feel like they are part of the team.

?4) Why diversity is important as an entrepreneur? By embracing diversity and inclusion in your entrepreneurial journey, you not only?contribute to a fairer and more equitable society but also unlock the potential for innovation, creativity, and sustainable success.

?5) Which is the best example of diversity? Examples of diversity include?gender, race, ethnicity, socioeconomic, age, cultural, religious, and political diversity; today, diversity is highly valued because it strengthens social groups.

?6) What is the role of diversity in a business? Increased productivity; a diverse workplace allows for more ideas and processes; this diversity of talent means a broader range of skills among employees, as well as a diversity of experiences and perspectives which increases the potential for increased productivity.

?7) How is diversity a core value? To embed diversity as a core value,?organizations should respect and appreciate differences in age, gender, ethnicity, education, physical abilities, race, and religion among individuals; employees should be empowered as individuals and trusted to make the decisions that are in the best interest of the company.

?Kind regards

Alan : )

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Monash University CPA Australia KPMG LinkedIn Monash University Malaysia

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