A Firm That Properly Manages Cultural Diversity Can Develop Cost

question 116

True/False

A firm that properly manages cultural diversity can develop cost advantages over firms that do not manage diversity well.

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Definitions:

Diversity Competency

The ability to understand, appreciate, and leverage differences among people in a workforce to improve business outcomes.

Lockheed Martin

An American aerospace, defense, arms, security, and advanced technologies company with worldwide interests.

Inclusive Behavior

Actions and practices that make all individuals feel welcomed, respected, and valued within a group or organization.

Employee Involvement

Practices that empower employees by giving them a voice in decisions affecting their work and the organization, aiming to increase commitment and productivity.