Diversity in Business Development-Why Representation Matters?
Harsh Bhalla
Harsh Bhalla, Associate-Product and Platform, Key Account Management, Give India, Bangalore (Karnataka), India.
Manuscript received on 16 December 2022 | Revised Manuscript received on 24 December 2022 | Manuscript Accepted on 15 January 2023 | Manuscript published on 30 January 2023 | PP: 12-15 | Volume-9 Issue-5, January 2023 | Retrieval Number: 100.1/ijmh.E1557019523 | DOI: 10.35940/ijmh.E1557.019523
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: It has been rightly said by Josh Bersin- ‘Companies that embrace diversity and inclusion in all aspects of their business statistically outperform their peers.’ Today, Diversity, Equity, and Inclusion (DEI) is gaining momentum in the corporate world. Increasingly, companies are prioritising diversity by implementing D&I policies across all workforce levels. However, making a company varied and inclusive is much more than a matter of ethics. It is also a driving force of growth, revenue, and profit. This article examines the current trends in the subject matter, along with contemporary statistical analysis, and how organisations are performing in this regard. One of the modern trends is the inclusion of women and people of colour in leadership positions in business organisations; this has been statistically proven to result in economic gains. This article presents several instances and examples that further the cause and subject matter of workplace diversity. Furthermore, this article exposes the flaws in the current diversity rhetoric and outlines what a 21st-century inclusivity paradigm could look like as well as how leaders can foster it. The reader will be able to acknowledge the dynamic nature of this issue and understand the gist of the concept of workplace diversity, recognising that it is still a work in progress.
Keywords: Diversity, Workplace, Culturally Diverse Leadership, Globalization, FAANG
Scope of the Article: General Management