DIVERSITY: THE BACKBONE OF OUR EXISTENCE

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The metaphor that describes the American society as one melted-together has been in use since the 1780’s but the particular metaphor “the melting pot” came into usage after the staging of a successfully acclaimed play in Washington DC of the same name in 1908.
The expression explains America as a country which consists of individuals of different cultural, racial and national backgrounds melded together to become one; as though they are different metals in a pot melted together to become a stronger alloy. America saw the effect of diversity that’s why she welcomes people into her from all other the world and this move has generally boost her economy growth in all sectors and her reputation in states of parliament, I know her for keeping the peace in disturbing countries and contributing in saving existence.
I believe this concept is hypothetical because as much as we want to believe it is true, people still face prejudices based on their races and nationalities. The root of this theory is cultural diversity so what exactly is diversity? It is the variation of elements which are integrally unique but can be collectively grouped under the same moniker.
The truth of the matter is that diversity not only refers to cultural multiplicity but it cuts across all facets of our lives. Its most basic role appears in nature (biodiversity), both plants and animals possess a broad variety. This variability ensures survival and builds strength among organisms. Research has shown that in-bred families have a far greater chance of passing down genetic disorders and an increase in mortality.
Financial diversification allows one to spread risk and increase the chance of success in investments. Diversification is one of the two general means of reducing investment risk i.e.

QuoteDon’t pull all your eggs in one basket.

In finance an undiversified portfolio simply means holding only one stock which is very risky cause if the market goes against you the chance of you losing is on the higher side.
According to my research diversification also can lower the variance of a portfolio’s return below what would be if the entire portfolio was invested in just the lowest asset sometimes people fall for this trap by placing all their portfolio in an asset is advisable to take this risk, if you are have carried out detailed research on a particular project it’s viable and it has prospects.
I understand people will come to me in the light that the world is to those persons that take risk, yes you are right but get your findings right before investing because you can’t just be basing it on vibes.

The same applies in the workplace which the human resource personnel do employs employees from different works of life, age, ethnicity, education background etc.

Which is definitely benefits the business in such that employees bring different skills, talents and experience to the team increasing creativity and innovations. Companies who practice often realized boost in profitability, it also plays a great role in the company’s reputation in public spaces.
Diversity also enriches the workplace experience where by you have people ranging from different educational background, age, work experience collaborating on a project it fosters workplace satisfaction and builds team unity and bonding.
Homogeneity of workers unknowingly denies a team the chance to brainstorm and positively challenge each other’s ideas because they are all of a similar mindset which slows the growth process and denies the team of been able to innovate. Other examples of diversity include racial, religious, gender and sexual orientation.
Although the importance of diversity in our global society is quite evident, ignorance by choice or otherwise causes people to focus on their differences instead of how much alike we are. Such has been the basis of most if not all wars and injustices in history. The World Wars, the slave uprising led by Spartacus against Rome, the Crusades and racism could have been avoided if a particular or both groups of people had chosen to accept others with different beliefs, norms, backgrounds or opinions as equals.