Exploring diversity-boosting strategies in fortune 500 companies: Insights into how corporate ethics and diversity management elevate commercial performance
ISSN: 0258-0543
Article publication date: 7 July 2020
Issue publication date: 21 July 2020
Abstract
Purpose
This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.
Design/methodology/approach
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings
This research paper concentrates on the relationship between diversity management, corporate ethics, and commercial performance in a sample of Fortune 500 companies. Diversity management was found to positively influence internal ethics, yet strategically pursuing internal ethics did not increase commercial performance. Implementing a program of external ethics did, on the other hand, enhance commercial performance, and diversity management did boost external ethics – as seen, for example, in the charitable activity of employees. A thoughtful ethical stance can therefore be a profitable asset once companies consistently invest in initiatives such as ethics training.
Originality/value
The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.
Keywords
Citation
(2020), "Exploring diversity-boosting strategies in fortune 500 companies: Insights into how corporate ethics and diversity management elevate commercial performance", Strategic Direction, Vol. 36 No. 8, pp. 21-23. https://doi.org/10.1108/SD-05-2020-0105
Publisher
:Emerald Publishing Limited
Copyright © 2020, Emerald Publishing Limited