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.

Question

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While it may require an initial investment, studies have shown that having a diverse management team can lead to better decision-making, innovation, and ultimately, greater profits. Therefore, developing and promoting women and minorities can be cost-effective in the long run.

While Efforts to Train and Develop Women and Minority Managers