While efforts to train and develop women and minority managers appeal to many firms on the basis of legal and moral considerations,from an economic standpoint,it is rarely cost effective.
Firms that take the initiative to develop female and minority managers recognize three important principles: (1)Grooming women and minorities for management positions broadens the base of talent coming into the firm,which is a key to long-term profitability; (2)a company that starts attracting and developing women and minority managers now will have an edge recruiting the most talented women and minority managers later;and (3)more women and minorities at all levels help the firm serve its increasingly female and minority customers better.

Question

Quizplus · Accepted Answer

The statement is false because developing women and minority managers can be economically beneficial by broadening the talent pool, enhancing recruitment, and improving service to diverse customers, which can lead to long-term profitability.

While Efforts to Train and Develop Women and Minority Managers