Ensuring Diversity in the Workforce: Diversity and Financial Management

MIND MAP DISCUSSION

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MIND MAP DISCUSSION

Mind Map Discussion

Diversity and Financial Management

Diversity is a critical factor since it promotes effective outcomes based on financial assessment of a corporation. It is possible to assess insurance, financial risk, debt financing, and capital structure. All these subjects are connected to diversity since promotes effective outcomes due to the availability of a variety of talent to pick from. Research reveals that a diverse workforce has been provided to be highly financially profitable (Catalyst, 2020). Issues such as financial risk can get mitigated by ensuring effective outcomes based on capabilities of each employee. A company can develop a productive capital structure by assessing its capabilities and comparing it to the workforce. Once all diversity constraints are mitigated, it is possible to produce high profits.

Reference

Catalyst, Why Diversity and Inclusion Matter: Financial Performance (June 24, 2020).

Grissom, A. R. (2018). The Alert Collector: Workplace Diversity and Inclusion. Reference & User Services Quarterly, 57(4). doi: http://dx.doi.org/10.5860/rusq.57.4.6700.

Narasimhan, S. D. (2019). A Commitment to Gender Diversity in Peer Review, 57(4). https://doi.org/10.1016/j.cell.2019.08.043.