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What is Diversity? Diversity- the fact or quality of being different from one another. Source:

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Presentation on theme: "What is Diversity? Diversity- the fact or quality of being different from one another. Source:"— Presentation transcript:

1 What is Diversity? Diversity- the fact or quality of being different from one another. Source: http://dictionary.Reference.Com/search?Q=diversity

2 What is a Minority-Owned Business? -An enterprise of any size located in the United States, which is owned, operated and controlled by minority group members. -Minority group members are United States citizens who are Women, Asian, Black, Hispanic and Native American. -Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals. -The management and daily operations are controlled by those minority group members.

3 Drivers For Diversifying Your Supply Chain To support entrepreneurship and business development among minorities and women to address their traditional under- representation in the business world Companies are seeking to establish relationships in increasingly diverse markets, starting with the supply chain Awards given to excellent businesses who support minority- and women-owned businesses The Nunn-Perry Award The Nunn-Perry Award Given to top Mentor companies that help small disadvantaged businesses Corporation of the Year Award Corporation of the Year Award Given by the NMSDC Regarded as the most significant honor to a major corporation for the utilization of minority suppliers “Elite Eleven” Award “Elite Eleven” Award Given by the WBENC Given to the 11 companies with the strongest supplier diversity programs that source from women-owned businesses

4 NMSDC -National Minority Supplier Development Council, Inc. -Created in1972 to provide business opportunities for minority businesses -The NMSDC Network includes a National Office in New York and 39 regional councils across the country -3,500 corporate members throughout the network -Certifies MBEs (Minority Business Enterprises) -Does not consider women a minority WBENC -Women’s Business Enterprise National Council -Founded in 1997 -The nation's leading advocate of women-owned businesses as suppliers to America's corporations. -Certifies WBEs (Women’s Business Enterprises) -Only recognizes women-owned businesses -Covers all 50 states NMBC -Northwest Minority Business Council -Regional council of NMSDC (Located in WA) -Has been a regional council for over 25 years -Serves Oregon, Washington, Idaho, Alaska, and Montana -Certifies MBEs -Does not consider women a minority AASC -Asian American Suppliers Council -West Coast subsidiary of USPAACC (US Pan Asian American Chamber of Commerce) -Founded in 1984 to help Asian Americans start up businesses and overcome barriers -Certifies AA/MBEs (Asian American Minority Business Enterprises) -Only recognizes Asian American-owned businesses Organizations That Certify Minority Business Enterprises

5 Starbucks >10,000 Stores 37 Countries >100,000 Employees 34 million Customers per Week Belongs to NMBC, WBENC, NMSDC and ASTRA and uses them as certifying groups Spent more than $140 million on purchases from diverse suppliers

6 Diversity Training Advantage Individuals -Learn basics of building relationships with people from different backgrounds -Diversity wise employees will benefit from improved teamwork

7 Diversity Training Advantage Company -Increased Innovation/Creativity -Improved Company Morale -Better Marketing -Globalism

8 Diversity Training Advantage Example: Johnson and Johnson Some of the Suppliers that they include in there diverse program include -certified minority businesses -certified women owned businesses According to, Johnson and Johnson is seen in the top 50 for businesses with multicultural business opportunities

9 Diversity Training Advantage Survey Help Organization Maintain a Positive Advantage 91% Improves Corporate Culture 83% Improves Employee Morale 79% Higher Retention of Employees 76% Easier Recruitment of Employees 75% Decrease Complaints/Litigations 68% Increase Creativity 59% Decrease Interpersonal Conflict Among Staff 58% Enables Organization to Move Into Emerging Market's 57% Improve Client Relations 55% Increase Productivity 52% Improve Organization’s Bottom Line 49%

10 Diversity Challenges Supplier Base Reductions Identifying Champions Overcoming negative impression of women and minority owned companies Company wide buy in Company wide awareness Equality in management

11 Achieving Diversity Top Down Public Commitment Benchmarking Not just with competitors Not just with competitors Goal Setting


13 Sources cont Business for Social Responsibility Starbucks sity/index.htm sity/index.htm

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