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The Challenges of Managing Diversity in the Workplace In Today’s highly competitive and dynamic market place, it has become extremely important for companies to use diversity in the work place for their competitive edge and strategic advantage. Workplace diversity is great people factor that accommodates the similarities and people bring to a company. In the past few years, there is no organizational issue that has attracted this great attention as workplace diversity. This is a result of the fact that the U.S labor force will experience a profound change in its composition within the next decade. There will be older workers, minority group and women, a more homogeneous workforce which is greatly different from the largely homogenous workforce of the past. Workplace diversity focuses on observable attributes such as skills, knowledge and values. In a lot of ways, diversity complements non-discriminatory compliance programs by creating organizational culture and workplace environment for making differences work. Diversity is the sharing of ideas and differences from those who not the same, and about creating culture and workplace environment that encourages learning from others and capture the advantages diverse prospective. It is also fast become the master key for unchaining the growth lock, for any truly global enterprise to reach its full capacities. Globalization propelled by the information technology revolution throws a huge of possibilities and challenges that did not exist before. This phenomenon has not only made borders porous, but also shrunk the world into what is called a global village and many nation big or small is increasingly getting affected by what is happenings in any all part of... ...e† people to appropriately do what’s needed, where needed, when needed, and make the most of the resources available. It is an initiative which recognizes the links between effective people management and increased organizational efficiency and productivity. It is about increasing diversity at all levels of the department as well as making the most of the talent inside our organization. Managing diversity is a pillar for a company that keeps it ahead of its competitors, but just having diversity does not by itself guarantee greater business success nor does it guarantee qualitative social and creativity improvements. Managing diversity is complex because diversity can also act as a potential performance barrier. It is difficult to merge different cognitive styles, attitudes and values, such as those found in teams with diverse members. If not managed

History of Great Depression Essay

Great depression affected the whole world catastrophically and is certainly the most severe depression ever experienced among industrialized western countries. Many economists and historians cite the crashing of stock market as the first and foremost reason for the Great Depression. However, the dispute among the economists is still continued on the exact causes for the Great Depression. The listing of causes may vary from economist to economist depending on the Keynesian view or Monetarist view, but one thing which is agreed upon by all the economists is that Great Depression is the result of combination of many factors, both monetary and economic. The Great Depression was started in US in the year, 1929 when the stock market was crashed and lasted till 1939 when US stepped into World War II Throughout the year 1929 – 1939, US economy has gone through many severe disasters that exacerbated the society colossally and it’s after effects were continued for several years (Nelson, n.d.). Great Depression causes over a timeline (1929-1942): None can name the single root cause of Great Depression because it is widely accepted that numerous factors were cited as responsible for this economic downturn. However, one of the main causes of this economic downturn (prior to 1929) was a combination of unbalanced allocation of income and the widespread stock market conjecture in the late 1920s. Money was used to be disseminated disproportionately between rich and the poor, between agriculture and the industry and US and Europe. The stock market was synthetically kept high leading to huge market crashes and unsound economy. This unequal distribution of wealth along with market crashes led to huge economic dip in America. Apart from this, some of the prominent causes of Great Depression, starting from 1929 are listed as follows: Â · Stock Market Crash (1929): In 1929, when Herbert Hoover became the president of US, the Great Depression hit the America badly leading the society towards economic downturn for almost a decade. The economists mistakenly consider stock market crash and Great Depression to be similar because stock market crashed prior to Great Depression on October 24, often called as Black Monday and on October 29, called as Black Tuesday. In actual, stock market crash was just one of the reasons responsible for Great Depression. In that crash, investors lost around $40 billion ($16 billion in a month), an exorbitant number! By 1930, stock market was able to recuperate its few losses but that were not adequate and unfortunately America entered into appalling stage of recession, called as Great Depression. Â · Bank Failures (1930): By 1930, almost 9000-11000 banks were shut. This was due to the failure of banks. The bank deposits were uninsured and due to the failure people lost their savings. The few still surviving banks stopped lending loans as they were unsure of their own stability and of economic conditions. This resulted in reduction of purchasing power of people leading to high unemployment rate. Â · Reduction in demand and supply (1930): The stock market crash and bank failures led to reduced purchasing power of people due to which inventory began to accrue, people stopped purchasing items so as to hoard money, liquidity preferences increased, etc. This all contributed towards reduced supply of items in the market, industries and factories which were either shut or stopped working, production was closed, etc. due to which unemployment increased. Â · Increment in unemployment (1930): Due to factories and industries being closed, people were fired from their jobs which increased the unemployment colossally. 6000 people started selling apples on the New York’s streets at 5cents per piece. As people were losing their jobs, they were unable to pay for the items obtained on installment basis and their items were retrieved. Gross National product (GNP) fell by 9.4%. The unemployment rate rose above 25% which meant, of course, even less spending that can help assuage the economic situation. Several grocery stores get raid and their items get stolen. Many foreign workers especially Mexican has to face the fury of Americans as they perceive them to be stealing their jobs (Kelly, 2010). Â · Smoot-Hawley Tariff (1930): To defend the American companies, the government signed the Smoot-Hawley Tariff Act in June 1930. According to this Act, tariffs were increased to a tax of 50% on the imported goods in the US. The real intention behind this was to increase the prices and wages but history shows that it further aggravated the depression because due to this Act, the trade was sharply decreased within the US as the US government in the pursuit of trying to protect their own industries, increased tariffs on imports that led to restricting the trade between the countries. According to economists, it was the wrong decision to initiate this Act at this phase when the economy was in the roar of downturn. About 1000 economists signed an appeal begging the government not enact it and 60 other countries passed penalizing tariffs in reaction to this. Â · Laissez-faire Policy (1932): The depression continued to deteriorate the US economy. The rebellions and discontent spread throughout the country, GNP continued to fall, this time it fell by 13.4%, stocks had lost 80% of their 1930 values, as the Government continued its non-interventionist, laissez-faire policy (Amatecon, 2007). Consequences of Great Depression: The consequences that arise as a result of the above declared causes curved the US economy into a large-scale economic slump. As a result, the Great Depression became the worldwide business downturn of 1930 as it affected almost all the countries of the world. International commerce declined quickly. The countries increased the tariffs on the imports to shield their own economies and industries due to which international trade declined sharply. The tax revenues, personal incomes and earnings started declining. This affected both, the countries that exported raw materials and industrialized countries. Government decreased their spending which led to decreased consumer demand resulting in decreased supply and increased unemployment. The construction came to a standstill in nations. The nations changed their heads and the type of administration. Germany was in the weakest condition because of the massive arrears the country was hampered by following WWI. The depression effects in Germany led to the rise to the authority of Adolf Hitler. Japanese invaded China and setup their mines and industries in Manchuria. China was of the opinion that this economic growth will reduce the depression. The depression had intense political effects as well. In Germany and Japan, as a result of depression militarist powers arose who implemented forceful foreign policies that led to the WW-II. The government intrusion in the US and the Britain ultimately resulted in the creation of welfare systems. Many investors lost their money and several were wiped out, losing everything. Banks, stores, industries and multinational companies came to an end leaving about 15million people jobless and impoverished. People came to depend on government and charities for money and food. All in all the Great Depression brought about a huge disaster and worldwide economic crises leaving the world immersed into terrible recession (Dinkins, 2002). The period of 1933-1939 proved to be fruitful for US economy. The president was replaced by Franklin Roosevelt. The government intervened and raised tax rates for highest earners in the country from 25% to 63% so as to ensure the fair division of wealth within the country. A new deal was signed to control unemployment by work-creation schemes such as painting of the post offices and street cleaning. Â  GNP started increasing, unemployment was decreased, tax rates were further increased to 79%, and retirement benefits were paid to senior citizens. The production raised by monstrous 50%, thus eradicating the depression completely from the economy. However, the move was little too late (Croft, 2010). Now economies should consider the recessions and depressions as the part and parcel of the life because even after applying all the cures and preventive measures we are still living in a period of recession. The implications for Great Depression demonstrate that it is obligatory and advisable to take timely decisions so as to completely get rid of such downward swings in business cycles. Although economists believe that it is not possible to completely eradicate the economic downturns from an economy because what goes around comes around, but government can take preventive measures so as to control such recessionary periods. In this way the effects of depression can be abridged so that society can be saved from being engulfed into the excessive stages of depression.

Loss of Innocence in Wordsworths Nutting Essay - 1900 Words

A Loss of Innocence in Wordsworths Nutting A romantic poet, William Wordsworth examines the relationship between the individual and nature. In the poem Nutting, Wordsworth focuses on the role that innocence plays in this relationship as he describes a scene that leads to his own coming of age. Unlike many of his other poems, which reveal the ability to experience and access nature in an innocent state, Nutting depicts Wordsworths inability as a young boy to fully appreciate nature, causing him to destroy it. Addressing a young girl, most likely his sister, he writes to poem as a warning of what happens within oneself when one does not fully appreciate nature. In his youth, the speaker is too excited by duty and too tempted by†¦show more content†¦As he heads into the forest, the speaker describes himself as tricked out in proud disguise of cast-off weeds to help with his task (9). Although dressed in cast-off weeds, a costume made of someones garbage, the boy is proud to wear them, showing his delight in his task. When the boy reaches his chosen hazelnut tree, the innocence of nature further provokes him and adds to his desire to reap natures hidden treasure that his duty already caused. When he gets to the spot, the speaker describes it as one dear nook, unvisited, where not a broken bough drooped with its withered leaves (16-18). The word unvisited reveals the purity of the scene, an image that is heightened by the lack of a broken bough and withered leaves, pointing to the vibrancy of the small area. In contrast, the hazels rose tall and erect, with tempting clusters hung, a virgin scene! (19-21). The usage of tall and erect addresses the word drooped from the previous image and further emphasizes this vibrancy. The phrase tempting clusters hung reveals the boys desire to collect the hazelnuts. This craving to strip nature of its fruit is shown in the exclamation a virgin scene!. Virgin evokes the innocence of the scene, while the sexual nature of the word suggests that the boy sees nature as something he has the power to corrupt, a prospect which excites and entices him, shown by the exclamationShow MoreRelatedWordsworths Nutting1863 Words   |  8 PagesA Loss of Innocence in Wordsworths Nutting A romantic poet, William Wordsworth examines the relationship between the individual and nature. In the poem Nutting, Wordsworth focuses on the role that innocence plays in this relationship as he describes a scene that leads to his own coming of age. Unlike many of his other poems, which reveal the ability to experience and access nature in an innocent state, Nutting depicts Wordsworths inability as a young boy to fully appreciate nature, causingRead MoreSummary of She Dwelt Among the Untrodden Ways11655 Words   |  47 Pagesthe English Romantic poet William Wordsworth (1770–1850) between 1798 and 1801. All but one were first published during 1800 in the second edition of Lyrical Ballads, a collaboration between Wordsworth and Samuel Taylor Coleridge that was both Wordsworths first major publication and a milestone in the early English Romantic movement.[A 1] In the series, Wordsworth sought to write unaffected English verse infused with abstract ideals of beauty, nature, love, longing and death. The poems were written