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MANAGING LABOR & CULTURAL DIVERSITY IN TODAY'S GLOBAL ECONOMY.
OUTLINE:
1. Introduction
2. Defining Globalization, Culture and Diversity
3. Overview of multicultures from global perspectives
4. Managing cultural differences in workplace
5. Conclusion
6. Bibliography
Introduction:
Nowadays, businesses, people, governments and nations of the world have extended their tentacles beyond their geographical and cultural origins in the search for their daily needs, and the world has been turned into one global circle, hence the terms globalization and the global economy. One of the challenges facing multinational enterprises and their managers is the need to create conducive work environments that address the needs and respond to opportunities of culturally diverse workforce and to manage to satisfy diverse demands and culturally different tastes. Managing diversity is primarily a response to demographic changes including the increasing presence of women, racial minorities and immigrants in the workplace and in the client and customer populations (Towers Perrin and The Hudson Institute, 1990). Effective leadership must move beyond its own cultural frame of reference to promote strong intercultural communication and create and develop culturally designed different products that are of international standard. In the process, mangers are burdened with the responsibility of managing people of different origins and backgrounds with different work habit, cultural attitudes and diverse tastes.
Defining Globalisation, Culture and Diversity:
Globalization is defined as a "process o ...