Challenges In managing diversity and benefits of diversity Term Paper

Challenges In managing diversity and benefits of diversity - Term Paper Example This concise report is primarily based on discussing the nature and meaning of diversity, intricate challenges faced by all the major organizations in managing diversity, and myriad benefits offered by this trend that is spreading fast around the globe. Diversity is basically a determined tendency to recognize and appreciate the variety of characteristics that make all the persons working for an organization significant and important, while creating such a working environment that encourages all the employees to participate in the betterment of an organization. Age, sex, racial, ethnic, religious, geographical or cultural background, language, and political affiliation are those major characteristics on which the structure of diversity is based. This is an unequivocal fact that a diverse workforce is a real asset for any organization and that is the reason why almost all the major successful companies and giant conglomerates in the world place diversity among the topmost preferences for maintaining success. Wal-Mart is one such worth mentioning example, which has running outlets around the globe. The workplace diversity initiatives introduced by Wal-Mart have majorly helped this conglomerate in achieving success and living up to the changing requirements of the customers. Nondiscriminatory treatment of the workforce is the hallmark of Wal-Mart company.