Social and Ethical Values of Teamwork and Diversity the...

Social and Ethical Values of Teamwork and Diversity: The Benefits of Diverse Teams Organizational development between diverse teams gives the MNC the opportunity to enter new markets and develop new products, in ways that they would not have been able to if they did not have a diverse, multicultural perspective. The benefits to individuals and society are profound. There are ethical implications for being a good corporate sponsor: by this I mean that there is a potential for a win-win situation that benefits both parties, when a substantial goal can be agreed upon and realized. Sometimes, entering a new market with team players from that region gives them a perspective that they would not considered. A good example of this is†¦show more content†¦This vehicle would probably have never been built in the US because of the myopic view of the world and the product solution that we would have developed. Ford, GM and Chrysler all use European and Asian based engineering entiti es to develop global products (Ford in Germany, England, Brazil, Japan and Australia; GM in Germany, Japan and Australia; Chrysler in Italy). Both Ford and GM are now in China, designing vehicles, Ford just built an Indian factory. Ideas germinate from different perspectives, and surely smaller, efficient power trains from Europe and Asia are part of that equation. These are real world examples of the need for products that are designed and built around the world, yet tailored for local markets by making the best talent available to collaborate on products, that, when built, will satisfy the needs of customers on a global basis. What theories or models address these specific needs of social and ethical values from a teamwork or diversity perspective? One could say that globalization after WWII accelerated the need for incorporating local needs into new products and services. Knowledge Wharton reports that having a strategic partner in Latin America is crucial to success. In fact, it could be argued that to address one of the largest Spanish bloc speaking markets in the world (South America) requires an understanding of local cultures, as they all do not speak the same Spanish, but do have similarities in their needs. ForShow MoreRelated Managing Diversity and Ethics in the Workplace - 12979 Words   |  12 Pages MGT450: Leadership Practices Team Leadership Professor Kathleen Dove July 20, 2012 Managing Diversity and Ethics in the Workplace Introduction There steps leaders and managers can take to effectively manage diversity and ethics concerns. How a manager effectively manages ethics and diversity, within the organization is directly correlated to the culturalRead MoreDiversity Within The Organization : Workforce Diversity Management Essay1325 Words   |  6 PagesThe term â€Å"diversity† usually refers to individual characteristics such as gender, ethnicity, culture, age but as time has advanced, it is now also known to defer between those of sexual orientation and physical or mental abilities. Through time, not only the notion of diversity has become more broad but it has also been more focused on. Due to its ability to provide benefits such as improved morale, contrasting perceptions and strategies, enhanced teamwork and mutual understanding within the organisationRead MoreBenefits of Managing Ethics in Workplace1141 Words   |  5 Pages10 Benefits of Managing Ethics in the Workplace Many people are used to reading or hearing of the moral benefits of attention to business ethics. 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Micro and macro organizational behavior theory are the two primary behavior theories. Behavioral theories are used in the field of management mainly because it encompasses concepts like decision making, leadership, team building, job satisfaction and motivation. Organizational behavior theories also deal with culture. Understanding various work cultures can help to improve the performance of the company. The focus of this paper is not military suicide. InsteadRead MoreManaging Diversity3506 Words   |  15 PagesManaging Diversity in The Public Sector: A case Study of a Small City Council; by Mark Steger and Prof R. Erwee (20001) Definitions of diversity range from distributive concerns based on the traditional categories of race, ethnicity and gender to the addition of a vast array of differences in age, sexual orientation, disability, employment status, tenure, function, educational background, lifestyle, religion, values and beliefs in addition to race, ethnicity and gender. 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