Organizations today are expanding globally. This calls for a well managed tactics of cultural balance between the work-force of the companies. Managing cultural diversity involves the ability to learn and identify the differences in values & perceptions and using the conclusions in the most optimized form. The diversity umbrella includes, gender, age, race, physical ability, marital status, cultural background, lifestyles etc. The article cultural diversity and ethnic minority is about the theoretical and conceptual development of the knowledge and understanding. The primary components include contribution of psychology in understanding of issues related through people of colour, promote education and training of psychologists and advance the accumulation of knowledge related to diversity & multiculturalism.
Managing diversity results in reduction in attrition rate and absenteeism. Increase the market advantage and helps the ethnically dissimilar group of decision makers in taking savoir-faire decisions. Another advantage is good market reputation and enhances the creativity. By consolidating workers from different sources efficient in wide variety of eminent tools and tactics, a company opens new avenues for its growth.
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