...UBS Diversity Case Liz Wilson Regis University UBS Diversity Case Gender discrimination is one of the most common forms of Discrimination there is. It used to be that children were taught that the man made the money and the woman was the homemaker. As time has gone on and the economy has changed, people are realizing that old stigmas are no longer considered to be the truth. Women are now being forced to work alongside their husbands and life partners just to make ends meet. Families can no longer survive on one salary. The sad thing in all of this is that while the stigmas have changed, the stereotypes have not. It is still thought that women are less equivalent than their male counterparts. They are not as sought after as males are in organizations. It is still believed that men are better equipped to be doing many of the jobs on the market. There are male saturated fields that employee primarily males. These tend to be the higher paying, more socially accepted careers. There are several industries that a considered to be female appropriate roles including daycares, housekeepers, salon employees, retail, etc. There are more men in executive leadership positions than there are women. According to DeWitt, in 2005 Laura Zubulake was passed over for a management role, and the promotion was awarded to a male named Matthew Chapin (Dewitt, pg. 320).Edgar Schein takes a deep look into the three levels of culture and how they pertain to discrimination. The first level of culture...
Words: 1677 - Pages: 7
...ab UBS Investment Research Nokia Here we go again… Following negative pre-announcement we downgrade from Buy to Neutral We believe the main issue behind Nokia’s profit warning has been increased pricing pressure in the high-end due to lack of competitive product. We believe investors will be unwilling to put faith in the execution on new devices. We downgrade to Neutral and will revisit when visibility emerges on new products. Do risks still remain on lowered expectations? To reach low-end of FY margin guidance, Nokia requires >34% GM or c.460bps seq improvement in Q4 which appears challenging. To achieve our 2010E revenue we estimate new high-end devices will need to contribute c.€1.3bn in H2 or >4m units. Given the magnitude of improvement required, lack of reassurance on new products, and increased competition, we believe downside risks still exist. Has value now emerged? On a one-year reverse DCF, current price implies 0% rev growth in perpetuity at 4m of incremental volumes. Alternatively, overall volumes will have to be significantly better than expected. UBS 4 Nokia 17 June 2010 Table 2: Nokia Devices – volumes (m) by category Volumes (m) N series E series X series C series 5000 series Other smartphones Converged Devices FY '09 18.9 18.5 0.0 0.0 17.2 13.2 67.8 Q1 '10 2.9 6.3 1.0 0.0 7.9 3.4 21.5 Q2 '10E 1.5 6.9 1.7 3.2 9.2 3.2 25.7 Q3 '10E 1.4 6.9 2 6.0 8.6 2.8 27.7 Q4 '10E 2.1 7.8 2.2 6.8 6.8 3.0 28.7 FY '10E 7.9 27.9 6.9 16.0 32.5 12.4 103.6 Mid-end...
Words: 5216 - Pages: 21
... When visiting the Mazza Museum one work of art caught my eye, and when I saw it knew that it would be the piece that I used for this paper. The piece of art was painted by Wendell Minor and is titled Heartland. This work of art is found in the children’s book Heartland written by Diane Siebert. This piece was created in 1988, and uses acrylic paints. Heartland is placed in the Ohio History section of the museum and caught my eye because it reminded me of my childhood. I really appreciated the way this painting depicted a typical American farming property because I grew up on a farm, and it will always be a huge part of my life. The first element of art that I found to be relevant in this painting is the artist’s use of color. Minor uses color to show us the time of day in the painting through the different colors in the sky, showing a beautiful sunset full with shades of orange, yellow, red, and purple. The artist also shows the viewer that the painting takes place during the summer time by the full colored green trees, and the dried out green color of grass that has been kissed by the summer sun. The colors that Minor uses for the house and barn are the stereotypical white and red, just like any other American farming property. Minor’s use of color is very complex, yet simple in this painting and perfectly sets the tone for an American farmhouse. The second element of art that I found the artist using was the element of space. Much of the painting is shown as flat land with...
Words: 823 - Pages: 4
...My vacation to Walt Disney Linnie Hernandez Murphy hall 108 September 14 The entertainment was the most fun of all the fireworks the music, And the dances the things that made me smile was the charters shaking your hands and giving all kinds of hugs away, going to the most happiest place on earth, imagine entering a place filled with the smell of homemade cookies, the green trees shaped like the animated characters, The day we arrived i was so excited i got to enjoy father all to my self The most important thing to me was getting the chance to tell my father how much fun i was having , later that day my dad was not feeling to well before we got there he said his legs were hurting pretty bad and that he should have scheduled a doctors appointment, he had to walk with a cane most of the way, I suggested that we rode more rides then walked he agreed it was probably the best thing to do, Finally arrived at the mickey mouse play house they had t shirts for sell hats cups every thing you could image, This trip made me fill closer to my dad like maybe he wasn’t so bad ...
Words: 410 - Pages: 2
...UBS AG is a Swiss global financial services company that is headquartered in Basel and Zürich, Switzerland. The company provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as retail clients in Switzerland. The name UBS was originally an abbreviation for the Union Bank of Switzerland, but it ceased to be a representational abbreviation after the bank's 1998 merger with Swiss Bank Corporation.[3] The company traces its origins to 1856, when the earliest of its predecessor banks was founded. UBS is the biggest bank in Switzerland, operating in more than 50 countries with about 63,500 employees globally, as of 2012.[4] It is considered the world's largest manager of private wealth assets; with over CHF2.2 trillion in invested assets,[5] a leading provider of retail banking and commercial banking services in Switzerland. According to the Scorpio Partnership Global Private Banking Benchmark 2013, UBS had assets under management (AuM) of US$1,705.0 billion, representing a 9.7% increase in AuM versus 2012. UBS suffered among the largest losses of any European bank during the subprime mortgage crisis and the bank was required to raise large amounts of outside capital. In 2007, the bank received a large capital injection from the Government of Singapore Investment Corporation, which remains one of the bank's largest shareholders.[6][7] The bank also received capital from the Swiss government[8]...
Words: 1332 - Pages: 6
...Feature articles Workplace diversity: developing a win-win-win strategy Joan Marques iversity as a topic earns more attention today than it has ever received before, and the reasons are easily understandable: global migration is increasing, the internet is enabling communication on a worldwide scale, and business leaders are continuously in search for less expensive resources and lower wages to pay. All these trends result in progressively diversified workforces locally and internationally. D Joan Marques is Instructor, Business and Management, Woodbury University, Burbank, California, USA. Increasingly, companies allocate special room for diversity practices on their web sites. Yet, there are some interesting observations that may not necessarily be new, but should nevertheless regularly be brought to the attention of business leaders. Why? So that they can keep track of the best way to develop and implement diversity in their organizations. Let us briefly look at the right reasons and the right way, beginning with the right reasons. The right reasons Often, organizations pride themselves in implementing diversity in order to accommodate customers. But there is only limited reason to be proud of this way of bringing diversity to the workplace. What these companies overlook is that they apply diversity only as a means toward an end, not as an end in itself: B They apply diversity with the primary mindset of profits. They reach out to their customers, but do not...
Words: 1363 - Pages: 6
...workplace diversity. The reasons why Xerox should be motivated to diversify their workforce is more talent will be employed at Xerox if employees of all cultures and race are hired because diversity is a key to achieving critical business results. Furthermore, there will be more knowledge sharing employees can share cultural traits, market demographics and help develop companies develop robust knowledge management and market intelligence systems that create productive people and an innovative company by recognizing and respecting diversity and empowering individuality. Enhanced Productivity by processing varied skills, competencies and capabilities of different races and cultures, Xerox can increase its productivity worldwide (Xerox) that will make them a prominent player despite the economic slowdown in technology spending. Reduced Discrimination at Xerox woman and minorities make up for 52% of the workforce and 42.5% of Xerox senior executives are women or people of color or both (Xerox). This motivates employees in a way that they feel like they appreciated and valued. Besides, its make them challenge each other’s underlying assumptions, freeing everybody from convention and orthodoxy. Xerox has strict discrimination policies as well. With the inclusion of women in the workforce, Xerox developed a form of “flex time” that allowed for a better work/home life balance which has increased productivity which clearly shows how Xerox shows its values workplace diversity. They also...
Words: 822 - Pages: 4
...Abstract Diversity encompasses characteristics that categorizes individuals and allows for self-identification. Diversity presents itself in two different forms, visible and invisible. Those that are visible forms of diversity include ones physical appearance, sex, race, age, ethnicity, speech patterns and language. Those that are nonvisible include characteristics such as religion, national origin, illness and sexual orientation (Clair 2005). When discussing diversity in the work environment, most often times they are discussing the outward, visible characteristics, however invisible social identities are common in the workplace. Gender is one of the most common viewed issues when looking at diversity in the workplace. The glass ceiling and equality issues are analyzed and discussed frequently. Discoveries have been made that support the idea that woman should be on more Boards and should be making more decisions on allocations of monies. This paper seeks to address how diversity impacts an organization and how managers can make diversity work for them. Introduction According to Gibson, Ivancevich, Donnelly, and Konopaske (2012), Diversity is a term that describes the cultural, ethnic and racial differences in a population. A more comprehensive definition by Gibson et al (2012) indicates that diversity is “an array of physical and cultural differences that constitute the spectrum of human attributes. There are six dimensions of diversity which include: age...
Words: 2636 - Pages: 11
...Short Essay | Diversity in the Workplace | How it can create business related advantages | | Madison Roney: 7660183 | 5/15/2013 | | In modern western society, the diversification of culture has increased dramatically in recent years. With this shift, along with the growing competitiveness of the labor market, corporations have been forced to hire more employees who are not familiar with the spoken language or societal norms present in western culture. Many corporations, as much as 80% according to equity activist Trevor Wilson, consider cultural barriers to be a burden on their managers and fellow employees. As a result, these corporations fail to treat their employees equitably. (Hayes, 1999). One could argue, however, that the diversification of employees within the workplace has various business related benefits such as improved efficiency, bottom line revenue, and relationships formed with co-workers, managers and customers alike. However, to ensure its success, principles of transformational leadership must be used on the part of managers and various challenges must be overcome in order for these benefits to take full effect. This is not the first time in Canada's history where ethnic equality in the workplace has been a subject of interest. In 1993 the New Democratic Party in Ontario, whom was the provincial government at the time, enacted an employment equity law to ensure fair employment opportunities to workers from select minority groups. This legislation...
Words: 1570 - Pages: 7
...group in the U. S. by the year 2010. In order for companies to fully and aggressively compete in the marketplace, they will need to consider these statistics and work towards attracting, recruiting, developing and retaining a diverse workforce. This will be critical if they are to survive. They will also need to recognize that the market they cater to is becoming more diverse. Diverse groups are a growing percentage of the buying power in the United States. In order to maintain competitive advantage in the sector they serve, organizations will need to truly understand its customers, clients, members and employees and will need to create an organizational climate that is welcoming to all. The Birth of the Diversity Movement The “Diversity” Movement was born in 1987, when the Hudson Institute launched a study titled “Workforce 2000”. The study projected demographic trends that would impact the workplace, as we knew it by the year 2000. One of the predictions made was that there would be a marked growth in the number of women and minorities entering the workforce. In fact, the report suggested that women,...
Words: 2841 - Pages: 12
...Diversity and Inclusion SOC/315 November 09, 2011 Diversity and Inclusion Diversity refers the inclusion of different types of people in a group or organization. Many people with different backgrounds work together every day to accomplish tasks assigned on daily basis. Before working together the group should know the different dimensions of diversity. “Dimensions of diversity exert an important impact on our early socialization and a powerful sustained impact on our experiences, values, assumptions and expectations throughout every stage of history ” (Harvey, 2009). The different dimensions of diversity are race, gender, age, education, sexual orientation, and geographic origin, or employment. “Dimensions adds layers of complexity to individual identity, it is the dynamic interaction among all the dimensions that influences self-image, values, opportunities, and expectations” (Harvey, 2009). Dimensions of diversity apply an effect on each of us at home, work, and in society giving definition to our lives. “The United States is a very diverse nation and becoming more” (Schaefer, 2011). Concerning ethnic, cultural, or other groups I identify with all. My social circle is consistent with people from all groups. My social circle consists of individuals not a group. I think of all my associates as individuals with different personalities. My social circle member’s personalities are very different and the dimensions play a part from the way we dress, race, gender, and sexual...
Words: 850 - Pages: 4
...When defining diversity, one must acknowledge the differences between groups on human beings. These differences may include attributes such as ethnicity and race, religious and spiritual beliefs, educational and economic backgrounds, physical abilities and disabilities, age, gender, marital status and occupational status (McRae, 2012). By having all this diversity, individuals can have positive and negative impacts on the workplace. Diversity in the workplace can be perceived as a function of forced societal tolerances (McRae, 2012). No one employer has the right to turn down an applicant based on race, age or gender, it is a law. The workplace should have a diverse group of people. Diversity in a working environment could be seen as evidence of fair hiring practice within an organization (McRae, 2012). The most important impact of diversity in the workplace is perspective. By having different groups of people in the workplace there are different viewpoints to discussions and more than one resolution of issues. By having all these attitudes and ideas, the groups can provide valuable input to brainstorming sessions and issues demanding creative solutions. Businesses should strive for diverse groups and teams. When individuals are able to work with others whom are different from each other it challenges people’s preconceived notions about how the world works and it forces people to step outside their comfort zones and consider new thought processes. By opening people up to new...
Words: 357 - Pages: 2
...Value of Diversity in the Workplace Carolina Silva Soc/315 April 11, 2011 Ashraf Esmail Value of Diversity in the Workplace Introduction In the active times that we are living now, every company faces challenges that could be better handled if a diverse environmental workplace is put into play. Some issues may arise leaving some of the protagonists defenseless and the majority of the time unable to deal with the daunting situation at hand. Diversity is one of the most useful tools that any company at any point in time could ever possibly used, due to the fact that trends of growth in the population—in the US particularly—is becoming more diverse than ever. “Diversity in the workplace is about learning from different groups enabling a Company to benefit from the diverse perspectives and achievements.” (Cornell University ILR School, 2009) I am a real estate agent and a few years ago when I first started working my profession as a realtor in Florida, I joined a big franchise to get acquainted with the market and to make a name in the business. As a big franchise, one of the duties of the realtor is to stay at least one day in the office to provide information and to help any walk-in client that might happen to walk in. On one occasion, I was the one doing “floor duty” when a middle-aged Korean couple sat and waited for me at the office. I welcomly introduced myself, asking “How may I assist you?” Beyond obviously looking for a place to live they mentioned how they would...
Words: 1235 - Pages: 5
...ABSTRACT Workplace diversity exists when companies hire employees from various backgrounds and experiences. Many companies see workplace diversity as an investment toward building a better business. Although workplace diversity provides many benefits, it also poses many challenges to employees and managers. To reap the benefits of workplace diversity, employees and managers must understand the challenges and know how to effectively deal with them. Diversity is commonly interpreted in relation to ethnicity, gender and culture. Diversity also captures the differences and similarities between individuals and group, encompassing race, ethnicity, gender, culture, age, sexual orientation, religion, language, education, family status, physical and mental ability. These demographic variables are related to other important diversity characteristics such as values, attitudes, interaction styles, physical and cognitive abilities and non-work commitments. The impact of diversity is both positive and negative. The research questions was: How can diverse workforce affect the organization? Table of Contents Chapter 1. Introduction 4 Background of the Study 4 Statement of the Problem 4 Purpose of the Study 5 Research Questions 6 Chapter 2. Literature Review 6 Chapter 3. Methodology 12 Data Analysis 12 Final Results 14 References 15 CHAPTER 1. BACKGROUND Today, globalization has become...
Words: 3487 - Pages: 14
...Throughout the many issues in the workplace, diversity is an issue that needs immediate attention. Our culture is continuously evolving and with that being said diversity in our work environment should be evolving as well. It has been said, “Top performing companies have long recognized that diversity is good for business. But a just released report from The Economist Intelligence Unit finds that a new definition of workforce diversity is emerging. It’s no longer just about avoiding race, ethnicity, and gender discrimination, or even compliance with legal regulations. Diversity now encompasses values, meaning what motivates someone to join a company, embody organizational passions, and be productive for a long time.” (Galer, 2014) It is crucial for an organization to be diverse, lack of diversity can cause several issues in the workplace such as miscommunication, unproductivity, and creates a hostile work environment. By managing the problems with diversity the organization would benefit greatly in many ways. There are many reasons for why the issue of diversity needs to be addressed in the workplace. Specifically in the organization I work in there are many problems with diversity, many of the workers in my organization have brought up the fact that the race is predominantly white, it is also made aware that the engineers for the company are males and the females in the office are usually the subject of jokes and labeled as ‘non workers’. Since the site I currently work in...
Words: 682 - Pages: 3
