Questions: What stakeholder groups must a manager consider when leveraging diversity? (Choose every correct answer.) Competitors Customers Government officials Suppliers Employees

The correct answers are:

• Customers
• Government officials
• Suppliers
• Employees

Explanation for each option:

1. Competitors:

   • Incorrect. While understanding competitors is important for strategic planning, they are not stakeholders in the context of leveraging diversity within an organization. Competitors are external entities that do not have a direct stake in the internal diversity initiatives of a company.

2. Customers:

   • Correct. Customers are key stakeholders because a diverse workforce can better understand and meet the needs of a diverse customer base. Leveraging diversity can lead to improved customer satisfaction and loyalty.

3. Government officials:

   • Correct. Government officials are stakeholders because they enforce regulations and policies related to diversity and inclusion. Compliance with these regulations is crucial for legal and ethical business operations.

4. Suppliers:

   • Correct. Suppliers are stakeholders as they are part of the supply chain. A diverse supplier base can enhance innovation and provide different perspectives, which can be beneficial for the company.

5. Employees:

   • Correct. Employees are direct stakeholders in diversity initiatives. A diverse and inclusive workplace can lead to higher employee satisfaction, better teamwork, and increased productivity.

By considering these stakeholder groups, a manager can effectively leverage diversity to benefit the organization and its broader community.