What is Diversity?

1. What is Diversity? Diversity- the fact or quality of being different from one another. Source: http://dictionary.Reference.Com/search?Q=diversity

2. What is a Minority-Owned 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.

3. Drivers For Diversifying Your Supply Chain • To support entrepreneurship and business development among minorities and women to address their traditional under-representation in the business world • Companies are seeking to establish relationships in increasingly diverse markets, starting with the supply chain • Awards given to excellent businesses who support minority- and women-owned businesses • The Nunn-Perry Award • Given to top Mentor companies that help small disadvantaged businesses • Corporation of the Year Award • Given by the NMSDC • Regarded as the most significant honor to a major corporation for the utilization of minority suppliers • “Elite Eleven” Award • Given by the WBENC • Given to the 11 companies with the strongest supplier diversity programs that source from women-owned businesses

4. Organizations That Certify Minority Business Enterprises

5. Starbucks • >10,000 Stores • 37 Countries • >100,000 Employees • 34 million Customers per Week • Belongs to NMBC, WBENC, NMSDC and ASTRA and uses them as certifying groups • Spent more than $140 million on purchases from diverse suppliers

6. Diversity Training Advantage Individuals -Learn basics of building relationships with people from different backgrounds -Diversity wise employees will benefit from improved teamwork

7. Company -Increased Innovation/Creativity -Improved Company Morale -Better Marketing -Globalism Diversity Training Advantage

8. Diversity Training Advantage Example: Johnson and Johnson Some of the Suppliers that they include in there diverse program include -certified minority businesses -certified women owned businesses According to DiversityBusiness.com, Johnson and Johnson is seen in the top 50 for businesses with multicultural business opportunities

9. Diversity Training Advantage Survey

10. Diversity Challenges Supplier Base Reductions Identifying Champions Overcoming negative impression of women and minority owned companies Company wide buy in Company wide awareness Equality in management

11. Achieving Diversity • Top Down • Public Commitment • Benchmarking • Not just with competitors • Goal Setting

12. Sources Diversity http://dictionary.reference.com/search?q=diversity NMSDC http://www.nmsdcus.org/who_we_are/purpose.html NMBC http://www.nmbc.biz/Programs/Certification.htm WBENChttp://www.wbenc.org/about/index.html

13. Sources cont • Business for Social Responsibility • www.brs.org/csrresources/issuebriefdetail.cfm?DocumentID=50901 • Starbucks • http://www.starbucks.com/aboutus/csr.asp • http://www.criticalmeasures.net/diversity_training/invest.htm • http://beginnersguide.com/training/diversity-training/ • http://www.jnj.com/careers/global/workforce_diversity/supplier_diversity/index.htm