Question

What is the competitive advantage of a diverse workforce? Select one: A. Increased cultural competency B. A broader understanding of diverse markets C. A shared systems of beliefs D. Increased communication opportunities E. Better utilization of skill sets

Answer 1

The competitive advantage of a diverse workforce is, a broader understanding of diverse markets.

Answer: Option B.

Explanation:

Every company and its business leaders identify the competitive benefits of a varied workforce which allows them to have a broad understanding of diverse markets. When a company have a better understanding of different markets and when its employees are aware about the new ideologies, it helps them to develop new strategies and talents which further leads to a company’s success. Apart from this, it also helps in improving the performance of the employees and leads to innovations and developing skills.