Diversity Women in the Boardroom - 3076 Words

An old ancient Chinese proverb says, â€Å"Women hold up half the Earth.† The corporate world is on the forefront of believing these words. Women of the world today are being acknowledged as the key to economic success. Organizations all over the globe are learning the opportunities of opening up to diversity and adding women to their boardrooms. Ignoring talent in half the population is not the best method for an organization to create a successful and effective board. Urban Outfitters Inc. has not always been a top contender in the diverse corporate world. In this report, we will investigate how Urban Outfitters Inc. reluctantly took a step in the direction of updating the faces of their executive boardroom. We will discuss the†¦show more content†¦(Curtis, Schmid, amp; Struber, 2012)Fishing in a talent pool goes beyond the edge of the bank. Organizations benefit from extending past their quickly reached resources of contact lists and family members. Urban Outfitters, Inc reached for diversity in its boardroom May, 2013 with the appointment of Margaret Hayne. Margaret Hayne is the wife of the CEO, co-founder, and Chairman of the board, Richard Hayne. (Karr, 2014) The appointment of Haynes appears to represent tokenism. Tokenistic appointments discredit the abilities of the appointments contribution of talent and expertise. (James, 2013) Negative consequences of tokenism are diligently monitored and high pressure to perform. The appointment of an outside director, Elizabeth Ann Lambert, in December of 2014 reduced some of the residual adverse effects left on the public. In a boardroom, core similarities result in cohesive decisions. Neither extreme heterogeneous groups nor extreme homogeneous groups make good rational decisions for organizational goals. (Introduction and Conceptual Framework, 1997) Unity for action with the organization’s best interest in mind balances the detrimental results of the effort. Diverse bo ardrooms create aggressive advantages for an organization. Bringing a variety of perspectives to the table gives higher levels of critical analysis and lowers the likelihood of a groupthink scenario. (Shin, Kim, Lee, amp; Bien, 2012) Why does a good boardroom make good businessShow MoreRelatedFemale Participation in the Board Room1233 Words   |  5 Pagesintroduces more women into board room, and purposed an action plan for organization in order to encourage women to brake through the glass ceiling. By using the findings and recommendations of Lord Davies report, argument the action about how introduce more women into boardroom. This will guide organization, how to bring women into company boardroom and the women will get opportunity to participation in board room. Main body Affirmative action by company to bring more women into boardroom RecommendationRead MoreEssay on Understanding Research Methods1574 Words   |  7 Pageshave been asked to carry out a reading to identify and discuss different research methods in two different research studies and provide a critical and literary review of the same articles. The first text is called â€Å"Women in the Boardroom: Symbols and Substance?† .This paper proposes if women and minorities add a valuable new perspective that results in an enhanced corporate performance. The second is called â€Å"Knife crime statistics†. This paper summarises the available statistics that relate to knifeRead MoreCritical Thinking On Business Writing1262 Words   |  6 PagesIntroduction and Purpose: Women on board are bringing in diversity and intellect to the organization. The main idea of the article is to show how diversity in teams led to higher profitability and greater client satisfaction. 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