Diversity and Inclusion Essay Abstract

3. Nature and purpose of diversity statements
As more and more business organizations come to understand that diversity, equity, and inclusion can
significantly affect their long-term profits, they are promoting diversity in the workplace and trying to
make the public know that they are committed to it. The purpose of a diversity statement is to consider
the feelings of a company’s stakeholders. One of the core theories in diversity value in diversity or
‘optimistic’ (Triana, 2010) represents ways how diversity in a team can offer a wide range of options in
making decisions and how sometimes values may replace negative effect disadvantages of
homogenous teams. The Diversity and Inclusivity Statement of L’Oreal also represents the company’s
strategy of including creativity, problem-solving, resource- acquisition, and marketing arguments.
L’Oréal is selling its products all over the world, for women and men, young and old, with totally
diverse audiences. The beauty brand’s most successful strategy was to engage a diverse team of
personnel to better understand the needs and demands of its customers.

---

To be specific, there are more other reasons why diversity can create a competitive edge for L’Oréal.
A diverse employee base can guarantee better customer service, composing a workforce that mirrors
its diverse customer base can be fundamental in acquiring more market share. In comparison to
homogeneous teams, a team consisting of diverse members can have the advantage of a broad range
of information, fresh perspectives, and various approaches to solving problems. The wider expanse of
experience and knowledge can improve critical analysis of an issue or a project, by applying different
scenarios and introducing different points of view.
The statement of diversity and inclusion is important in many ways. It is a way to show that the
company both cares for the customers and the employees it hires, and it strives to maintain social
justice and give equal opportunities to everyone, who wants to work for it. It creates a company image
and any incident involving non-compliance with its statement can become a dark spot on its
reputation.
The diversity and inclusion statement is not legally binding; diversity in the workplace is the strategy a
business chooses to implement. However, there has to be a question of whether diversity statements
reveal legitimizing characteristics. It has to be asserted that diversity and inclusion policy becomes
legitimate when there is evidence of compliance with the objectives set. In this case, the company has
to create a favorable working environment for its diverse employee body, and there has to be zero
tolerance for discrimination cases.