Diversity Management is the practice of creating a workplace that values and includes people from various backgrounds, such as different races, genders, ages, and cultures. This approach helps organizations benefit from a wide range of perspectives and ideas, leading to better problem-solving and innovation. By fostering an inclusive environment, companies can enhance employee satisfaction and retention. Effective Diversity Management involves training and policies that promote equality and respect among all employees. It encourages open communication and collaboration, allowing everyone to feel valued and heard. Ultimately, this leads to a more harmonious workplace and can improve overall business performance.