Vijay Eswaran’s Business Wisdom: Nuggets of Entrepreneurial Inspiration
Vijay Eswaran is a prominent philanthropist, entrepreneur, and business leader. He argues that the business case for diversity in the workplace is now overwhelming.
- Diversity and Business Performance
Eswaran asserts that diverse workplaces tend to perform better financially. When companies have a diverse workforce with individuals from various backgrounds, perspectives, and experiences, they bring unique insights to problem-solving, innovation, and decision-making. Diversity can lead to more creative and practical solutions, ultimately driving business success.
- Millennial Quotient in Business Diversity
To attract and retain top millennial talent, companies need to create diverse and inclusive environments that foster collaboration and equal opportunities. By building an open-minded workplace that engages the voices of every employee, companies will not only inspire loyalty and productivity from millennials but also appeal to the diverse customer base they will soon represent.
- Gender Equality
Promoting gender diversity and equal opportunities for women enhances social progress and improves business outcomes. Vijay Eswaran states that gender diversity is critical for business success and global competitiveness. More gender-diverse businesses experience higher profitability, return on equity, and share prices.
- Corporations Advocating for Diversity
Vijay Eswaran urges corporations to take a proactive stance in advocating for diversity. More is needed to promote diversity passively; companies must actively foster inclusive cultures and address systemic biases and barriers. Eswaran believes that companies are responsible for creating environments that celebrate diversity and provide equal opportunities for all employees, regardless of their background.
5 . Cultural Diversity
He believes that cooperating with people from diverse cultural backgrounds is the key to building a better, thriving business. A diverse workforce can help enterprises gain an edge in emerging markets and create a loyal customer base. Eswaran argues that cultural diversity is essential to building a better, more vibrant business culture and the secret to understanding customers from other cultures.
Vijay Eswaran has been a strong proponent of promoting innovation in the corporate world. He believes businesses must reexamine their business models to adapt to changing trends and technologies. Eswaran encourages companies to invest in their people by ensuring they have opportunities for professional growth, training, and rewards that will inspire loyalty.