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The following article was published in our article directory on December 17, 2016.
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Trends in Diversity that Will Drive your Business to Success

Article Category: Business

Author Name: Theodore Henderson

It has been more than 500 years when it was discovered that the world is round. This gave birth to a new world that made trading and commerce more vibrant. The rewards of those early expeditions are seen in how diverse businesses, lifestyles and cultures have become today.

Diversity is a mark of human progress. The openness to differences in terms of gender, race, age, knowledge or skills among others, is the seedling of creativity and innovation. While businesses and economies advance, trends driving diversity have never been more embraced as they are now to foster new developments and growth.

As efforts are placed to provide equal opportunity and encourage greater diversity, workplaces are bound to experience new challenges. Entrepreneurs can take advantage of these changes by learning the trends driving diversity.

Information age

The dawn of information age has brought societies closer. Marketplaces have become international because of online retailing. Access to knowledge about other cultures is easier and faster with social networks, online forums and blogs.

Laws and trade policies

The rise of civil rights groups that fight for equality in terms of race and gender preferences shaped the laws that govern society. Trade agreements between international communities also influence the speed and ease of distribution of goods and services across borders.

Population growth

The increase in population paved the way for the entry of new generations (X, Y and Z) to workplaces. The earlier age group of traditionalists and baby boomers are confronted with new attitudes, skills, and talents who are immersed in technologies not available decades ago.
Advancement in technology

The advancement in technology contributed to industries like health, travelling and communication. Longer life span is encouraging older people to retire later in their career. Better and faster travelling allow people to experience and appreciate cultures other than their own. Affordable communication makes local/global interactions possible and more frequent.

Employment opportunities

Migrating to more developed economies is still a common trend as it has been many years. The transfer is motivated by extensive job opportunities, access to better education or want of a better life.

Some global companies also encourage cross-company transfers (same company but different locations) to maximize talents and gain from new perspectives.

Income growth

The fastest growth in income among the middle class had just been reached in 2015. As more disposable income is available, there will be changes in preferences in goods and services.

Climate change

It�s widely accepted how climate change impacted migration over the last few years. Drought, famine and calamities drive people into new countries as a matter of survival.

Social conflicts

War-stricken lands leave its civilians with no choice but to cross seas to stay alive. Waves of refugees also attract businesses to provide them with training and employments to help them fully integrate into the new culture and in turn, gain from fresh insights.

These are the most common trends driving diversity today that small business owners can use for their benefit. It will help to orient, mentor, encourage communication and empower employees to bring out the best out of a diverse workforce. Invest in learning and development programs that improve performance and skills. There�s a big growth potential that can be reaped from these trends driving diversity. If given a chance to integrate into the company�s culture, it�s worth the risk.

Although manpower is a rich resource of talent that doesn�t directly impact profitability, it�s still a company asset that will drive its success in many ways. It provides a dynamic environment that brings new ideas that can be used to innovate products, methods or a streamlined system. This creativity can also help build the foundation that can make your business meet the demands of a global market.

It�s only a matter of time until a whole new round of trends driving diversity will come knocking corporate doors. Diversity is not only important. It should be fostered and be rooted in the company�s culture if it is to survive in a dynamic world.

Keywords: diversity in the workplace, importance of diversity in the workplace, challenges of diversity in the workplace, Managing Diversity in the Workplace, Trends Driving diversity, Diversity in Entrepreneurship, Cultural Diversity, Innovation, and Entrepreneurship

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