describe what likely caused this situation to occur and what implications (positive or negative) that might affect a highly homogenous organization

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***USE THE ATTACHED CONTENT***
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You are the CEO of a large, publicly-traded firm based in the US in the pharmaceutical sector. Your organization is performing relatively well, today. That said, your firm has two major revenue-generating products, which will lose patent protection in the U.S. over the next 3 years. Wall Street recently evaluated your R&D portfolio as barely above the industry average for risk-adjusted NPV. You are not immune to unforeseen events including clinical failures or FDA delays. The Board of Directors and shareholders have expressed concern about the general lack of diversity in the organization and that the lack of diversity is more prominent as you move up the organizational chart. Indeed, the C-Suite is almost entirely composed of heterosexual, White males from affluent backgrounds.
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First, using course content, describe what likely caused this situation to occur and what
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implications (positive or negative) that might affect a highly homogenous organization. Second, choose one (1) of the approaches listed below to deal with the BoD’s concerns. Whatever position you choose must be supported with course content and/or external evidence-based sources.
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A. Defend the status quo. Be specific!
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B. Develop an action plan that will detail how you will attract, select, retain, and promote a
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diverse workforce. Be specific!

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