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Competitive Advantage

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Many organizations exist to gain and to maintain a competitive advantage in their respective market(s). How can diversity help a company with a competitive advantage? Discuss an organization with which you are familiar in regard to diversity and competitive advantage. Are there other reasons why organizations would want to be diverse, outside of gaining a competitive advantage?

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Diversity is an important source of competitive advantage in today's global business world because it allows an organization to have a workforce that is capable of providing key insights, knowledge and information about the diverse buyers or consumers of organization's products or services. Today's corporations are looking at market and growth opportunities all over the globe and aim to satisfy the needs and preferences of consumers from ...

Solution Summary

Many organizations exist to gain and to maintain a competitive advantage in their respective market(s). How can diversity help a company with a competitive advantage? Discuss an organization with which you are familiar in regard to diversity and competitive advantage. Are there other reasons why organizations would want to be diverse, outside of gaining a competitive advantage?

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