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Final answer:
Managing diversity effectively involves valuing differences and promoting equality to drive innovation and growth. The benefits include enhanced creativity, improved morale, and competitive advantage. Challenges may include resistance to change and unconscious bias.
Explanation:
Managing diversity effectively in a company involves creating an inclusive environment where differences are valued and leveraged to drive innovation and growth. It means embracing a diverse workforce and promoting equality and fairness.
The benefits of effective diversity management include enhanced creativity, improved employee morale and commitment, better decision-making, and a broader range of perspectives leading to competitive advantage.
Challenges of diversity management may include resistance to change, communication barriers, unconscious bias, and the need for ongoing education and training.
Learn more about Benefits and challenges of managing diversity effectively here:
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