Managing Diversity Well Can Give a Company a Competitive Advantage

question 17

Multiple Choice

Managing diversity well can give a company a competitive advantage by

• A)encouraging greater flexibility and therefore a quicker response to environmental changes.
• B)making it more homogeneous and thus able to appeal to restricted markets.
• C)spreading out its efforts so that the company can take a multi-pronged approach.
• D)creating a positive image with the media and thus improving stock prices.
• E)sending a message to the federal government that the company is diverse.

---

Definitions:

Entrepreneurial Mindset

A way of thinking that embraces challenge, innovation, and the continuous pursuit of new opportunities in the face of potential failure.

Quick Direction

Rapid guidance or instructions provided to achieve a certain task or to navigate towards a specific goal effectively.

Effective Mindset

A mental approach or attitude that prioritizes efficiency, goal achievement, and a positive outlook towards challenges.

Entrepreneur

An individual who starts and runs a business venture, taking on financial risks in the hopes of profit.