Balanced and competitive business practices

Overview[ edit ] Competitive advantage is the leverage that a business has over its competitors.

Balanced and competitive business practices

Marisa Lauri Ride the subway, walk down a busy downtown street, or attend a lecture at a local university. If you take a moment to look around, you will notice the rich cultural diversity of our cities. Evolving social, cultural, and political norms, as well as changing demographic and immigration patterns, have had an impact on the composition of our population.

Not surprisingly, our business practices have had to keep pace with the changing needs of our markets and the workers who contribute to the success of our organizations.

Balanced and competitive business practices

When you consider the proliferation of service-oriented businesses, reflecting our diverse workforce is even more important because customers feel more comfortable doing business with people to whom they can relate. They want to see people who reflect their own communities and their particular tastes and needs- people who make them feel that their needs will be understood and addressed appropriately.

Diversity is any characteristic, perspective, or approach to work, that different individuals bring to the workplace.

Diversity as a Competitive Advantage

It includes visible and non-visible characteristics such as: Changing workforce demographics, client composition and globalization have created a powerful impetus for change in the traditional workplace. In order to gain and maintain a competitive edge, organizations need people who can best serve their clients.

This will be a diverse group of people who are selected, developed and treated on the basis of merit and fairness. Why is Diversity Important? Global demographic patterns and trends as well as social and cultural shifts are putting increased pressure on our business practices here in North America.

Meanwhile, in developed nations, life expectancy has been increasing rapidly, while fertility rates have declined, creating challenges in replacing the workforce. This pressure is causing us to look elsewhere for labour resources. It appears that Asia, followed by Africa, will likely provide the greatest source of new workforce entrants over the next few decades.

Since the s, migration flows from developing countries to both developed and other developing nations have replaced the outflows of Europeans.

Balanced and competitive business practices

Gender Shifts Changing social roles around the world, particularly for women, as well as international support for human rights, are also challenging previously accepted patterns of discrimination on the basis of religion, social class, ethnic origin, disability, and sexual orientation, as well as age and gender.

The increasing participation of women in the labour force has been one of the most important aspects of workplace diversity in North America. For example, birth control has allowed women greater control over their lives and opened up opportunities for education and employment.

Competitive advantage - Wikipedia

In addition to control over their reproduction, women have gained access to a broader range of jobs due to the changing nature of work. Automation and technological advances have enabled women to perform many jobs that previously were more physically demanding, dangerous, or required exposure to environments unwelcome to women.

A century ago, the workplace was predominantly male and produced mainly agricultural and manufactured goods. Throughout the 20th century, particularly the latter half, our economy in North America has shifted from the production of goods to services.

And, automation has replaced manual labour in agriculture and industry, placing less emphasis on physical strength and endurance. During WWII, while men were away at war, women took over factory work in support of the defence industry.Sep 23,  · The United States has several laws that are intended to further fair, balanced, and competitive business practices.

What is a 'Balanced Scorecard'

Do you think that such laws are effective?Status: Resolved. AS DISCUSSED The United States has several laws that are: AS DISCUSSED The United States has several laws that are intended to further fair, balanced, and competitive business alphabetnyc.com you think that such laws Unfair Competition Legal Dictionary: Competition law is known as antitrust law in the United States and antimonopoly law in China and Russia.

18 - Implementation Plan 17 - Measurement Basics 16 - Generic Model 15 - Control vs Strategic 14 - O - M - T - P Summary 13 - Program Selection Grid. The United States has several laws that are intended to further fair, balanced, and competitive business practices. Do you think that such laws are effective?

Anti-competitive practices are business, government or religious practices that prevent or reduce competition in a market (see restraint of trade).The debate about the morality of certain business practices termed as being anti-competitive has continued both in the study of the history of economics and in the popular culture.

The Scottish Business Pledge is a Government initiative which aims for a fairer Scotland through more equality, opportunity and innovation in business.

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