Globalization and Managing Diversity

Globalization and Managing Diversity

A similarity between these two headings or subject is that they both deal with differences. Diversity involves respecting peoples beliefs, culture, race, age, gender, and so on and not act against any situation or work. Globalisation involves and engages with people around the world (diversity/difference comes into play), thus including various religious background, race, and so on.

Dictionary definition of globalisation suggests it as a process enabling financial and investments market to operate globally or internationally, fundamentally as a result of deregulation (removal or simplification of government rules and regulations that constrain the operation of market forces) and improved communications.

Globalisation provides an increase with trade between nations and also provides loads of other advantages including:

• Increased liquidity of capital allowing investors in developed nations to invest in developing nations

• Corporations have greater flexibility to operate across borders

• Global mass media ties the world together

• Increased flow of communications allows vital information to be shared between individuals and corporations around the world

• Greater ease and speed of transportation for goods and people

Effects of Globalisation

As a notion, diversity is considered to be “inclusive of everyone”. Relying or considering this notion gives us an idea of what diversity entails in general.

Globalisation which involves the operation of businesses globally (involving different countries) does not prove that a country, or organisation is divers.

However, before we look in detail the benefits or challenges of diversity, it is important to know what area of life diversity covers.

The conception of diversity comprises of respect and acceptance, it involves understanding the uniqueness and difference of each individual. Understanding these different areas makes it...

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