Diversity refers to the state of having a variety or simply a range of different things. Within an organization set up, diversity will be looked into in terms of culture, gender, race, and education, among other traits that create the differences. Diversity as a quality of an organization increases performance through improving capturing a wider consumer market; improving workforce; reducing employee turnover costs; fostering a creative and innovative workforce; and is a key aspect of entrepreneurialism.

First of all, any organization needs to embrace diversity and manage it effectively. The diversity climate can positively influence the outcomes of the organization. A diverse organization brings together individual’s from different backgrounds and experience that implies that the workforce represents the diverse market interests. This enables the business to increase their market share.

Talent is very crucial in a competitive economy. As such some diverse employee workforce would be necessary to enable a pool of ideas which can be harnessed and different talents nurtured to bolster a competitiveness of a firm. This improves the organization’s workforce and reduces employee turnover costs.

The differences in gender, race, qualifications, and backgrounds are very instrumental in problem-solving. This is because of diversity in approach to issues. The level of diversity also breeds innovation and creativity. Businesses need to adapt to quickly changing markets, and this quality enable them to be ahead of its competitors.

A business or an organization’s full potential can be actualized when diversity climate is achieved. This is a very crucial aspect of entrepreneurialism.

Conclusion

Therefore, we can deduce that diversity as a quality of an organization increases performance through: improving capturing a wider consumer market; improving workforce; reducing employee turnover costs; fostering a creative and innovative workforce; and is a key aspect of entrepreneurialism.