What Does the Term Diversity Mean? Briefly Explain Why It

question 84

Essay

What does the term diversity mean? Briefly explain why it is an important issue for contemporary business.

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Definitions:

Balanced Scorecard Framework

A strategic planning and management system used to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance.

Strategic Initiatives

Long-term plans or actions taken by a business to achieve its goals and improve its competitive position.

CSR Efforts

Initiatives taken by a company to assess and take responsibility for its effects on environmental and social well-being, often going beyond compliance and engaging in actions that further social good.

Corporate Headquarters

The main office or central administration point of a company where key managerial decisions are made.