Evolution of Business Report Essay Example
Evolution of Business Report Essay Example

Evolution of Business Report Essay Example

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  • Pages: 3 (641 words)
  • Published: August 13, 2018
  • Type: Research Paper
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Cultural diversity management:

Cultural diversity plays a crucial role in the growth and long-term development of organizations.

In order to successfully implement change in a cross-cultural team, it is essential for the company to adopt a strategic approach. This will enable the company to effectively adapt to new managerial activities and comprehend diversity and inclusion needs. By taking into account the objectives and targets of the firm, both internal and external needs can be addressed. Additionally, key performance indicators associated with operating in a multicultural market and workforce can also be identified (GSA - USA, 2006). The organization acknowledges the significance of establishing a new office in Miami, Florida due to its notable cultural differences compared to the current office in Topeka, Kansas.

The workforce needs to be prepared on how to handle changes that come with religious, cultural, and ethnic diversity that will be present in the establishment

...

of the new office in Miami. This report provides essential considerations, benefits, and opportunities for the organization related to the establishment of the new office in Miami.

Executing Change Strategies: The Role of Innovation

The creation of competitive workplaces depends on the level of innovation, which is influenced by managerial competencies and performance targets. Working with a diverse workforce requires innovative approaches to maintain human resource performance for market and product advancement. Workplaces are crucial for organizational success, and innovation is essential for managing, improving, and sustaining the work environment.

Therefore, the organization should focus on creating an environment that attracts high performance from employees. Innovation is crucial in workplaces and when implementing diversity-based changes to create a cost-effective, sustainable, and flexible environment for workers and management. An enabling working atmosphere

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promotes collaboration and inclusion within the firm's structure. Through innovation, the organization can control and coordinate employees for enhanced performance, commitment, and productivity, which is vital for sustainable revenue and profitability (GSA – USA, 2006). Innovating change management combines technology, space, people, processes, and structure to ensure progressive and balanced business development. Additionally, establishing a new office in Miami is essential for product and market innovation. Expanding the organization's services enhances the scope of the segmented market.

The new office serves as another avenue for acquiring and retaining customers through innovative and strategic planning. The company's extensive customer service attracts high performance by utilizing product development based on comprehensive market research. It is important to note that innovation provides well-designed workplaces that align with organizational functionality and diversity, serving as a platform for achieving short-term and long-term market performance, customer satisfaction, product development, and cost efficiency (GSA – USA, 2006).

Communication integration in workplaces

Establishing an office in Miami introduces a new composition of workforce. The region has an equal representation of Hispanics and non-Hispanic residents. With a population of over 5.5 million people, the city consists of more than 70% foreign-born citizens. Analysis conducted in learning institutions reveals that Miami encompasses approximately 128 different languages, creating a challenge for integrating communication in workplaces.

The population compositions of Miami and Topeka vary significantly, with Miami experiencing a notable increase in population primarily due to immigration at a rate of 11.1%, while Topeka has a comparatively lower rate of 4.1%. These disparities are depicted in Table 1, which showcases the diversity indicators for each city (Diversity Data, 2015). The following HTML code represents a styled table with multiple rows and

columns. The table incorporates borders, cell padding, and specific styling.

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padding: 0cm 5.4pt o.cm 5.4pt;"> 234,566

INDICATOR MIAMI, FL

-TOPEKA, KS

--5,762,717

The padding is set to 0 cm.

Unified text with :

The ethnic statistics are as follows: - Black (non-Hispanic): 20.0% - White (non-Hispanic): 9.3% - Asian or Pacific Islander (non-Hispanic): 6.3%

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Ethnicity 34.3% padding: 0cm 5.4pt 0cm 5.4pt;" valign="top" width="156">9.3%
Black (non-Hispanic) 34.3% padding: 0cm 5.4pt

0cm 5.4pt;" valign="top" width="156">9.3%

Black (non-Hispanic)The padding is set to 0 cm. 2.4% 1.1%
American Indian or Alaska Native (non-Hispanic) 1.3%

The prevalence of the Catholic or Protestant faith among Hispanics and Latin Americans is prominent. Family values are integral to their social life, with large and close-knit families being common. In contrast, non-Hispanics are associated with the opposite. Therefore, it is crucial to manage employees' social life considering the balanced percentage of these two primary groups in Miami. However, non-Hispanics dominate Topeka with a percentage of 79.3% (Umpierre,

2016).

Managing Diversity in the Workplace

Given the current disparities between Miami and Topeka, businesses must consider various dimensions, key metrics, and established approaches to ensure effective implementation of change. Effective communication should be a focus for companies along with establishing measures for timely and relevant feedback and response management. The organization should also implement mechanisms to ensure new employees fully grasp existing and new policies, managerial procedures and hierarchy, rules, and objectives.

The move of overcoming language and cultural barriers is vital to assist employees in being viewed as individuals based on their duties and obligations, eliminating the possibility of stereotyping. This individual-based approach to evaluating employee success and failures can be achieved. For instance, if an organization aims to obtain high-level commitment from its employees, policy review and teamwork training will be essential components of the Miami subsidiary's rejuvenation programs. Additionally, the firm should promote multiple perspective approaches to issues for all workers, ensuring that no specific culture is prioritized when handling processes and activities.

Within Miami's organizational framework, it is vital to recognize and value the diversity of backgrounds, experiences, and capabilities. Leaders and representatives must demonstrate an open-minded approach, setting an example by engaging with employees from different backgrounds. They should appreciate their unique skills and contributions while prioritizing the organization's goals and vision. Additionally, decision-making processes need to be based on objective criteria that apply consistently to all workers, regardless of their background (Gundling ; Zanchettin, 2010). For instance, both achievements and failures should be evaluated using a performance scorecard that includes specific indicators.

The management should commit to creating a conducive environment for all employees in Miami by incorporating shifts and emerging trends. This

should consider both the internal and external capacity of the organization.

Technology's Role in Implementing Change

The firm's decision to open a new office in Miami, which is 1,500 miles away from Topeka, presents multiple challenges in terms of management structure and processes. The integration of business operations between the two offices will be complex and may cause difficulties in communication efficiency, accountability, and process coordination due to the distance. However, technology can play a crucial role in enhancing organizational operations. Setting strategic procedures and policies alone will not ensure the success of a diverse human resource composition; technology provides an interface for achieving mutual progress, unified performance tracking, and correlated quality control (GSA – USA, 2006). One effective technology approach that the business can adopt is interconnected systems, which can enhance operations regardless of the distance.

The interconnection of processes within an organization involves integrating the workforce, resources, and capital through technology. This approach ensures that even though the Miami and Topeka offices are far apart, they operate with high levels of efficiency and accountability. By linking operations and job functions through interconnected systems, the management eliminates the complexity of maintaining separate tracking mechanisms. The use of managerial technology allows both offices to work independently and contribute to overall success. Unified business communication and supply chain management are crucial aspects of this system, as they help control the impact of diversity within the workplace. For instance, departments can review their progress and compare it to individual subunits at different offices using interconnected software.

Benefits of Diversity and Multicultural Environment

The firm's decision to open an office in Miami offers employees the opportunity to benefit from a diverse workforce and

working environment.

Through integrated culture, employees can learn from each other and enhance their skills through teamwork and group involvement. This understanding of another person's perspective increases workplace efficiency. The enterprising culture in Miami influences employee commitment, so workers at the Topeka office can acquire essential skills from the subsidiary office and enhance their competitiveness. Additionally, working in a multicultural environment enables employees to have different perspectives on performance targets and the procedures for achieving them. These tendencies and possibilities are necessary for brainstorming and decision-making. The desire to eliminate stereotypic bias fosters commitment among all members of the workforce and promotes high productivity.

In this case, when the current workforce embraces a different set of coworkers, the cumulative efforts will enhance the business's performance, resulting in growth and profitability. Additionally, having a team of workers with diverse cultural backgrounds is crucial for improving customer satisfaction and management. For instance, incorporating the tastes and preferences of customers in the production process requires a multidimensional experience. The presence of different viewpoints and perspectives allows employees to have a better understanding of the market requirements for product development. Cultural assimilation is also vital for the marketing team to design effective approaches for segmented markets and targeted populations.

In Miami, the integration and engagement capacity of employees is directly linked to the organizational competitiveness and success. The management of corporate organizations looking to expand their operations now prioritize the management of a diverse and inclusive workforce. It is crucial to have competencies in efficient culture management in the workplace. The success of organizations in Miami and Topeka relies heavily on managerial expertise, as well as employee commitment and flexibility. Setting

up an office in multicultural Miami presents significant opportunities for the firm, given the city's growing population rate of 11.1% compared to 4.1% in Topeka (Diversity Data, 2015). The business can easily adapt to the diverse society composition due to its multi-cultured workforce.

The employees' contribution will be crucial in incorporating market trends and ethos into the organization's strategic plans to benefit the offered product. A diverse workforce's potential in transforming the product and market approach serves as a fundamental advantage for the organization to tap into Miami's large population. By fostering culture-based teamwork and coordinating business operations, the company can enhance its competitive edge. Nevertheless, the company needs to acknowledge the challenges of operating in a multicultural market and effectively manage its diverse workforce (Seifzadeh, 2017). However, by implementing a change and review approach to human resource management, the organization can overcome the challenges associated with cultural management. In conclusion, efficiently managing a diverse workforce is vital for the success of corporate organizations.

The establishment of a new office in Miami necessitates a strategic approach to employee management. It is crucial for the company to focus on the most effective way to exploit the new cultural blend in order to enhance market efficiency and product development. By employing a highly competitive, motivated, and skilled staff, the organization has the potential to benefit significantly and improve its overall effectiveness. Moreover, through interconnected management, the presence of the new workforce will not only benefit the company but also enhance the capabilities of employees located in Topeka. References Diversity Data.

(2015). Data for diverse and equitable metropolitan areas. Available at: http://www.diversitydata.org/Data/Profiles/Show.aspx?loc=1364 GSA – USA. (2006).

Innovative workplaces: Benefits and

best practices. GSA Office of Government-wide Policy. Available at: https://www.gsa.gov/graphics/pbs/Innovative_Workplaces-508_R2OD26_0Z5RDZ-i34K-pR.pdf Gundling, E. ; Zanchettin, A. (2010) Global diversity: Winning customers and engaging employees within world markets.

Nicholas Brealey Publishing: United States. Ivanova-Gongne, M. (2015). Culture in business relationship interaction: an individual perspective. Journal of Business ; Industrial Marketing, 30(5): 608 – 615.

Seifzadeh, P. (2017) investigated the impact of corporate controls and geographic dispersion on the financial performance of related diversified corporations. The study was published in the Journal of Strategy and Management, volume 10, issue 1, pages 102-117. Another relevant study conducted by Umpierre, C. (2016) is also mentioned

Miami's cultural diversity is contributing to the growth of its local economy. According to Miami IRE, Miami's cultural diversity is boosting its local economy (Yafai, 2016).

The source "InterExchange" can be found at the website: https://www.interexchange.org/articles/abroad/2015/08/17/latino-hispanic-culture-in-us/.

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