Some of the repositioning programs used are mergers, acquisitions, joint ventures, divestitures and demergers. It helps in running business operations effectively: Efficient strategy management by reorganizing business operations can guarantee a role in corporate market. Disadvantages of Restructuring. It can be a ploy: The biggest disadvantage of the restructuring process is that it can be a ploy of saving the company from bankruptcy or acquired by another firm to leverage the buyout by a private equity firm. Staff Retrenchment: It may result in staff cutting as some business segment is sold to another company. Question 12 Evaluating the effectiveness of Propco’s program for increasing diversity of its work force Propco’s program for increasing diversity of its workforce lacks density of devotion on the part of senior management. Racial discrimination has been institutionalized here. They are not giving enough opportunities to the blacks at higher levels. On the name of restructuring, maximum number of black workforce is being shown pink slip. The company is not benefitting from the multicultural advantage (Greenberg, 2009). Feelings of the black workforce are highly hurt because being a rich company, it is on the spree of firing staff although it could have found some other way like working with the Governor to settle tax breaks and such other options, which the senior management didn’t Diversity helps in promoting unbiased agreement programs through workplace environment and culture to find ways amid differences. It is about learning from the experiences of others who are not similar but respect for all helps in achieving the benefits of varied outlooks (Cornell University, 2010) but in its desire to become one of the more leaner and flexible organizations, Propco is not keeping on regular duty the interns it provides summer jobs from the minority community colleges. No workforce diversity program can be fruitful if incessant lay-offs year-on-year are made. Although there are regular diversity meetings but no genuine effort seems to be made on recruiting more women and minorities. Blacks are there on the company rolls because of contract obligations with the government. As per the rule performing government function requires it to recruit some blacks in the workforce. That’s why they are there in the company. There is a classic case of not adopting workplace diversity as a policy. A black employee who worked on hourly basis and reached high up the ladder to earn $40,000 a year as manufacturing engineer was demoted as a dispatcher on hourly work basis as soon as his mentor left the company. Although he had an engineering degree, his services were not utilized the right way. In stead adding insult to the injury, he was shown an alternative way which went nowhere other than leaving the job. Question 13 Propco needs to make strenuous efforts in the direction of increasing workplace diversity. It should deinstitutionalize racial discrimination: Racial discrimination seems to be at the heart of the company’s human resource policy. For that a changeover in the mentality of those who matter the most in the company is must. Until the company changes its policy to promote workplace diversity, all efforts would be just a cover. Real progress will come from genuine efforts, which can be easily brought to the notice of all by recruiting more women and blacks. Prejudiced behavior by the seniors by cracking jokes at
Case #4: Propco, Inc. Question 11 Restructuring has many advantages and disadvantages. According to Michael Porter, “Corporate Strategy is what makes the corporate whole add up to more than the sum of its business unit parts”. Advantages of Restructuring…
This paper is designed for administrators to effectively manage diverse workforce populations. It provides a general definition of "diversity", discusses the benefits of diversity in the workplace, the challenges of managing a diverse workplace, and presents effective strategies for managing the diverse workforce.
To avail them, all that is needed is adequate management of diversity. Benefits of Diversity in the Workplace The workplace has become increasingly diverse over the centuries. The tiny and delicate stem that had popped out of the seed of diversity at the time of the industrial revolution of the nineteenth century has now grown up into a tree.
The author states that handling a diverse workforce means that the organization has to engage in first acknowledging the worth of discrepancies in the manpower, fight discrimination and biases and encourage inclusiveness. Managers and superiors may have to face issues with compromising productivity in work or loss in manpower due to discrimination.
America today can be considered as the melting pot of the world. Ethnic minorities in America far outnumber those in most of other countries that have a mass majority of natives. With so many opportunities in America, a lot of people come here to start a new life with a college education, to start a business, or even to escape poverty or persecution of their native land.
Thus cultural diversity only boosts the business regimes as it brings about more harmonious linkages and a better working attitude which is good for everyone. Cultural diversity is beneficial for companies and business organizations in three main ways; creating multicultural relationship between employees, increasing creativity, and satisfying customers.
Generally, the concept of diversity involves ethnicity, gender, race, religion, culture, mental and physical abilities, and sexual orientation among other aspects (Green et al, 2013), not only ethnicity and culture as known by many, when the term diversity is mentioned.
However, even more pressing is the process of recruitment and affirmative action (Korgen, 1999). As a minority and newly formed groups, biracial employees should be considered a qualified group for affirmative
The original intent was to ensure that qualified individuals from all groups of the society get a place equally in school admission and job vacancies. The action was supposed to break down the racial barriers that discriminated
1 pages (250 words)Research Paper
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