Diversity In Organizations Paper
Diversity in organizations
Final paper
Organizations have many opportunities of developing a competitive advantage over their competitors. Nevertheless, this has to be sustained over time and to enable them to profit from this advantage over the long term. The focus of this paper is one of the aspects which, according to recent literature, can contribute to building a competitive advantage, namely diversity. The most important factor in determining the nature of the impact of diversity on performance is organizational context.
In this context, discrimination can be an important process affecting the impact of diversity on performance. Based on literature, we will view 2 forms of discrimination, race and sexual discrimination. In this …show more content…
The figures show that over the last 25 years or so, the American economy has lost between 1.5% and 2.2% of GDP because racism limits the full use of black educational attainment in 1967; this loss amounted to $12.1 billion, or 1.5% of GDP. Another $11.1 billion, or 1.4% of GDP, was lost because of the failure to improve and fully use the educational level of African-Americans. In combination, lost GDP amounted to $23.2 billion, or 2.9% of the $814.3 billion total. By 1991, the GDP shortfall was $122.5 billion. Failure to improve the black education level cost $92.5 billion, or 1.6% of GDP. This totaled 3.8% of GDP, or $215 billion. …show more content…
The first part of the paper includes an event study that measures the effect the lawsuits and their settlements have on stock prices of the companies that are sued, and the second part of the paper involves three case studies (Texaco, Home Depot and Denny's) to explore how the lawsuits actually change corporate practices. The study finds that the lawsuits do not generally affect stock prices, and rarely provide meaningful benefits to the plaintiff class. Although the damages obtained in the cases are substantial, they are generally not sufficient to affect large-corporations, which also means that the lawsuits are unlikely to provide a sufficient deterrent against discrimination. An important subsidiary finding of the study is that employment discrimination class actions have lost their public nature and have evolved into private tort claim where there is little public oversight. The last part of the article proposes several reform measures, including increasing damages available in employment discrimination suits, and imposing a public monitoring function on the settlement.
Final paper
Organizations have many opportunities of developing a competitive advantage over their competitors. Nevertheless, this has to be sustained over time and to enable them to profit from this advantage over the long term. The focus of this paper is one of the aspects which, according to recent literature, can contribute to building a competitive advantage, namely diversity. The most important factor in determining the nature of the impact of diversity on performance is organizational context.
In this context, discrimination can be an important process affecting the impact of diversity on performance. Based on literature, we will view 2 forms of discrimination, race and sexual discrimination. In this …show more content…
The figures show that over the last 25 years or so, the American economy has lost between 1.5% and 2.2% of GDP because racism limits the full use of black educational attainment in 1967; this loss amounted to $12.1 billion, or 1.5% of GDP. Another $11.1 billion, or 1.4% of GDP, was lost because of the failure to improve and fully use the educational level of African-Americans. In combination, lost GDP amounted to $23.2 billion, or 2.9% of the $814.3 billion total. By 1991, the GDP shortfall was $122.5 billion. Failure to improve the black education level cost $92.5 billion, or 1.6% of GDP. This totaled 3.8% of GDP, or $215 billion. …show more content…
The first part of the paper includes an event study that measures the effect the lawsuits and their settlements have on stock prices of the companies that are sued, and the second part of the paper involves three case studies (Texaco, Home Depot and Denny's) to explore how the lawsuits actually change corporate practices. The study finds that the lawsuits do not generally affect stock prices, and rarely provide meaningful benefits to the plaintiff class. Although the damages obtained in the cases are substantial, they are generally not sufficient to affect large-corporations, which also means that the lawsuits are unlikely to provide a sufficient deterrent against discrimination. An important subsidiary finding of the study is that employment discrimination class actions have lost their public nature and have evolved into private tort claim where there is little public oversight. The last part of the article proposes several reform measures, including increasing damages available in employment discrimination suits, and imposing a public monitoring function on the settlement.