Human Behavior Essay Example | Topics and Well Written Essays - 750 words - 1

Human Behavior - Essay Example On this account, diversity management spells that incorporating a diverse workforce in an organization is indispensable to tapping into international markets, adapting to the varying business environments, and taking advantage of the rising opportunities. Diversity management thus embodies appreciation of differences in human behaviour and fully capitalizing on them to ensure optimal organizational performance. This paper reviews the role played by cultural diversity and ethical differences in organizational functionality and overall the performance. Seymen O. A. (2006) reviews the concept of cultural diversity and the different approaches to managing the diversity in an organizational set-up. Cultural diversity here is defined as a mixture of different people having distinct identities in matters pertaining to behaviour, traditions, and attitudes towards some issues. Cultures tend to differ as one moves from one geographic location to the other. Therefore, since business operations are no longer limited by geographic boundaries, it is almost impossible for an organization to operate successfully operate on a global scale without a culturally diverse workforce. Workers belonging to a given culture have a very distinct way in which they express their ideas and perceive the various issues in the corporate world. For instance, some cultures have negative perception about the idea of women dressing in tight trousers. On the other hand, there are those cultures which permit the freedom of dress code. Therefore, an organization having members drawn from such a diverse workforce must acknowledge this variations and effectively learn to manage the diversity. The other aspect of human behaviour which exhibits considerable diversity is in so far as matters of personal ethics are concerned. Just as is the case with culture, ethical standards which a person subscribes too is

Exchange risk Research Paper Example | Topics and Well Written Essays - 3250 words

Exchange risk - Research Paper Example Foreign exchange rates have an impact on the economic society as discussed. Low exchange rates are a signal to the recession economic period and consequent political instability. Conversely, substantial rates of exchange are a sign of stable commercial conditions for a country. The exchange rates directly affect the international trade. For instance, low exchange rate support activities like tourism and exports in the economy (Howell & PRS Group, 2011). At this point, domestic goods become inexpensive for the foreign buyers. Additionally, foreign currency rates have an effect on investment funds that either move in or out of an economy. The countries that have fluctuating currency are less attractive to investors from overseas. This because all investors are assumed to be risk averse and, therefore, like returns and dislike losses. At this time, foreigners liquidate their real estates, stocks, and bonds just because such derivatives are losing purchasing power to rival investments in other countries. Foreign investors prefer making financial investments when they think that price in them will be conserved as international profits are ultimately converted back to their domestic currency. The foreign exchange rate leads to an economic growth: it is true that the higher the price of the net exports, the higher the nation Gross domestic product. The country’s GDP is given as C+I+G+(X-M) Where C = consumer spending, C= capital, I= investment by the businesses and households, G= government spending and (X-M) = net exports.