Seminar paper from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, University of applied sciences, Düsseldorf, language: English, abstract: This essay presents various tools and methods that companies can use to implement a successful diversity management. In order to create a fundamental understanding of diversity and its management, the objectives and various dimensions are explained in more detail in advance. The transformation of our modern world into an increasingly diverse society is creating new circumstances and also new challenges for companies. The number of women working full-time or part-time is increasing and international collaboration is being enhanced by globalization. Through immigration, our society is experiencing new cultural influences and the public is becoming more tolerant of different sexual orientations than in the past. Therefore, companies should not only recognize the diversity in their workforce, they need to be aware of their increasing duties as employers and establish a diversity management in the organization.