What is Diversity?What is a Minority-Owned Business?Drivers For Diversifying Your Supply ChainOrganizations That Certify Minority Business EnterprisesStarbucksDiversity Training AdvantageSlide 7Slide 8Diversity Training Advantage SurveyDiversity ChallengesAchieving DiversitySourcesSources contWhat is Diversity?What is Diversity?Diversity- the fact or quality of being different from one another.Source: http://dictionary.Reference.Com/search?Q=diversityWhat is a Minority-Owned What is a Minority-Owned Business?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.Drivers For Diversifying Your Drivers For Diversifying Your Supply ChainSupply ChainTo support entrepreneurship and business development among minorities To support entrepreneurship and business development among minorities and women to address their traditional under-representation in the and women to address their traditional under-representation in the business worldbusiness worldCompanies are seeking to establish relationships in increasingly diverse Companies are seeking to establish relationships in increasingly diverse markets, starting with the supply chainmarkets, starting with the supply chainAwards given to excellent businesses who support minority- and women-Awards given to excellent businesses who support minority- and women-owned businessesowned businessesThe Nunn-Perry Award The Nunn-Perry Award Given to top Mentor companies that help small disadvantaged Given to top Mentor companies that help small disadvantaged businessesbusinessesCorporation of the Year AwardCorporation of the Year AwardGiven by the NMSDCGiven by the NMSDCRegarded as the most significant honor to a major corporation for Regarded as the most significant honor to a major corporation for the utilization of minority suppliersthe utilization of minority suppliers““Elite Eleven” AwardElite Eleven” AwardGiven by the WBENCGiven by the WBENCGiven to the 11 companies with the strongest supplier diversity Given to the 11 companies with the strongest supplier diversity programs that source from women-owned businessesprograms that source from women-owned businessesNMSDC-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 minorityWBENC-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 statesNMBC-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 minorityAASC-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 businessesOrganizations That Certify Minority Organizations That Certify Minority Business EnterprisesBusiness EnterprisesStarbucksStarbucks>10,000 Stores>10,000 Stores37 Countries37 Countries>100,000 Employees>100,000 Employees34 million Customers per Week34 million Customers per WeekBelongs to NMBC, WBENC, NMSDC and Belongs to NMBC, WBENC, NMSDC and ASTRA and uses them as certifying groupsASTRA and uses them as certifying groupsSpent more than $140 million on Spent more than $140 million on purchases from diverse supplierspurchases from diverse suppliersDiversity Training Diversity Training AdvantageAdvantageIndividuals Individuals -Learn basics of building -Learn basics of building relationships with people relationships with people from different backgrounds from different backgrounds -Diversity wise employees -Diversity wise employees will benefit from improved will benefit from improved teamworkteamworkDiversity Training AdvantageDiversity Training AdvantageCompany Company -Increased Innovation/Creativity-Increased Innovation/Creativity-Improved Company Morale-Improved Company Morale-Better Marketing-Better Marketing-Globalism -GlobalismDiversity Training AdvantageDiversity Training AdvantageExample: Johnson and Johnson Example: Johnson and Johnson Some of the Suppliers that they include in there Some of the Suppliers that they include in there diverse program includediverse program include-certified minority businesses-certified minority businesses-certified women owned businesses-certified women owned businessesAccording to DiversityBusiness.com, Johnson and According to DiversityBusiness.com, Johnson and Johnson is seen in the top 50 for businesses Johnson is seen in the top 50 for businesses with multicultural business opportunities with multicultural business opportunitiesDiversity Training Advantage SurveyDiversity Training Advantage SurveyHelp Organization Maintain a Positive Help Organization Maintain a Positive AdvantageAdvantage91%91%Improves Corporate CultureImproves Corporate Culture83%83%Improves Employee MoraleImproves Employee Morale79%79%Higher Retention of EmployeesHigher Retention of Employees76%76%Easier Recruitment of EmployeesEasier Recruitment of Employees75%75%Decrease Complaints/LitigationsDecrease Complaints/Litigations68%68%Increase CreativityIncrease Creativity59%59%Decrease Interpersonal Conflict Among Decrease Interpersonal Conflict Among StaffStaff58%58%Enables Organization to Move Into Enables Organization to Move Into Emerging Market'sEmerging Market's57%57%Improve Client RelationsImprove Client Relations55%55%Increase ProductivityIncrease Productivity52%52%Improve Organization’s Bottom LineImprove Organization’s