Watch the video, What is Privilege and reflect on where you might place yourself on the privilege spectrum. Consider how privilege has influenced the opportunities available to others and how it has shaped your own.

Use an equity lens perspective rather than an equality lens. Remember that not everyone has the same privileges, advantages, or starting points.

The Importance of Embracing Diversity and Cultural Competency in Business

• In 2008, Walmart began operations in Japan under the business name Seiyu, implementing the Western business model that had been successful in the United States and Canada.
• By 2020, Walmart had withdrawn its stake in Seiyu and exited the Japanese market.

Why?

Japanese culture associates cheap products with low quality. Walmart's former slogan, "Always Low Prices," along with its business model, deterred many Japanese consumers from making purchases. The primary reasons cited for Walmart's failure were a "failure to adapt to the local market culture and regional trends."

Key Takeaway: Respect and embrace values that differ from your own.