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Seminar paper from the year 2022 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, , language: English, abstract: This scientific work aims to provide an overview of the practice of the concept of diversity management, why it is essential for today’s companies and how it can be successfully implemented. The six dimensions of culture will help to have a better understanding of diversity management, especially in relation to the culture differences. At the end the conclusion will be summarized. The first chapter frames the concept of diversity management. The dimensions are explained afterward. The main section deals with diversity management in companies and explains why management approach is required for globalized and competitive companies. Later, possible strategies for a successful implementation of diversity management are shown. The final chapter helps to finish this work with a conclusion, critical reflection and an outlook on upcoming development of diversity management in the future.