BlackRock Diversity as Driver for Success Boris Groysberg Katherine Connolly 2015
Financial Analysis
“BlackRock Diversity as Driver for Success”. Here is my financial analysis of this study. Title: BlackRock Diversity as Driver for Success BlackRock is a prominent investment management company with $5.6 trillion in assets under management (AUM) in 1989. This study aims to analyze the impact of diversity on BlackRock’s performance in the financial markets. Body: I. Objective: The objective of this study is to evaluate BlackR
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In 2003, when I was the Head of Human Resources at BlackRock, I was approached by two senior colleagues to work with the Investment Committee on a diversity initiative. At that time, the Investment Committee had one black person on its board of directors, and it was very important for BlackRock to improve its representation. My initial reaction was to say, “It is not a priority for us. It is not the only thing that we need to do.” My colleagues were adamant that this was an important
SWOT Analysis
BlackRock Diversity as Driver for Success The term diversity refers to differentiation and uniqueness among employees. A diversified workforce produces a wider variety of creative outcomes in terms of products, services, and approaches. The term diversity also refers to social differences among employees in terms of age, gender, disability, race, religion, ethnicity, sexual orientation, and other factors. In terms of employee diversity, BlackRock is the most successful firm in the industry for being at the forefront of diversifying its workforce. The
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“It’s not often a company can claim to have won a major award as diverse as CIO of the Year from the Association of Investment Companies. But when you see the range of BlackRock’s employees, from young interns to pension fund executives, it’s clear the firm’s values and culture are a major factor in their success. The firm believes in developing talent from all backgrounds and cultures and giving it room to flourish, so much so that a staggering 26% of BlackRock
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Boris Groysberg’s “Diversity as Driver for Success at BlackRock” (Kelly Services, 2015) is a valuable contribution to the debate on workplace diversity, both from an internal and external perspective. He highlights the importance of cultural awareness, communication, and understanding between employees from diverse backgrounds. Groysberg’s case study examines the experiences of 23 employees from four BlackRock locations in three countries who participated in an immersion program to learn about cultural differences. As the study shows,
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BlackRock has created a unique business model, which enables it to be an innovative leader in investment banking. The company’s success is driven by a distinct combination of strategy, management, and business practices. In 2001, BlackRock was established as a result of merger of two investment banks, Brown Brothers Harriman and Morgan Guarantee Trust Company. Since then BlackRock has steadily grown and evolved. Today, it is a leading global asset management firm. BlackRock has successfully navigated the current market
Case Study Analysis
The world is full of examples of how Diversity can be an effective tool for competitive advantage. The global financial crisis has brought new attention to the critical importance of diversity in organizations. Companies such as BlackRock, the world’s largest asset management company, have made diversity one of their top strategic priorities, recognizing that Diversification is a key factor for success. This paper focuses on the role of Diversity in a diverse workforce environment at BlackRock. Case Study BlackRock’s Workforce 202 directory