Helping understand the concept of diversity, let us take the example of a family system. An entire family consists of individual persons- for example, obviously different sexes, different groups of age, belief systems being different too, bringing up of these individuals and having different values etc. Now why an entire family is like it is. The answer to this question is that there is a want and need to learn about each other and be a part of each other’s lives. Without this, the family system would not be present, like it is today. Usually, the Human Resource Department plays an important part in diversity planning and leadership to build and empower an organizational custom that promotes a respectful, inclusive, knowledge-based atmosphere where each employee has the opportunity to learn, nurture and meaningfully add value to the organizations achievement.
Many multinational corporations and big firms have found it a need of the hour that diversity is essential for any business’s success. It helps in retaining employees that are efficient and hard working, lowering the costs by having in-house skills developers, and having a goodwill that is there for the overall betterment of the company. Talking about multinational companies, let us take the example of Coca Cola. Initially Coke has its headquarters at Atlanta, but its business is all over the world and more than fifty percent of the revenue comes from outside the USA.
The only reason for doing so is that, Coke believes in diverse workforce and wherever it has gone, it has looked after its employees. They give the locals, key positions in the firm, and listen to what ideas they provide. Obviously, locals are residing there, and they know the market there well. Now if Coke, used the same technique and strategy to sell its products say in India, as it did in the US, straight away failure would be there.