Evaluate the advantages and disadvantages of diversity to a Coursework

Evaluate the advantages and disadvantages of diversity to a multinational organisation, in a rapidly changing global market. Illustrate your answer with examples from business practice - Coursework Example research paper titled, â€Å"The Effects of Diversity on Business Performance: Report of the Diversity Research Network,† appears in the spring 2003 issue of Human Resource Management. After examining four Fortune 500 companies in depth, the researchers find that â€Å"a variety of contextual variables, including an organization’s culture, strategy and human resource practices, help to determine whether diversity boosts performance or drags it down.† (Kwak & Gwynne, 2003, p.1). Diversity in multinational organizations is a sensitive issue and thus needs to be handled efficiently through proper training of the workforce. Before adapting diversity in its system, every organization should understand the advantages and disadvantages of the same. Diversity in organization mainly occurs when people from different countries work together for that entity. Individuals have their own race and custom habits. Diversity can only be promoted in an organization if there are no clashing interests among different groups in the organization. When people from different culture work together then the organizations exists between different classes of society and thus assumes a global outlook. The organization can attain a global perspective when people from diverse regions and backgrounds work together. The organization becomes globally known when it adopts a diverse attitude. IBM is a very good example of a company which practices diversity in its organization. Because of its diverse operations the company is known world wide and has become a household name in all those countries. This gives the company a positive image. The talent pool that IBM has created over the years through its diverse venture is a proof of development due to diversi ty. The adoption of diversity in IBM has led to the minimizing racial and cultural differences and also in enhancing the company’s global image. Diversity in an organization increases its performance because the workforce being combination of