JMGT_V10_N3_RP2 Deb S. Lawton Carlos Tasso E. De Aquino Journal on Management 2230 – 715X 10 3 20 28 Workplace Diversity, Generational Cohorts, Work Values, Team Building Companies and organizations that want to become or remain successful in the 21 century face a constant challenge of dealing with the great diversity existing in the world. That diversity presents itself in many dimensions such as gender, race and ethnicity, sexual orientation, culture, thinking, among many others. The diversity found in the workforce of most companies and organizations, including different generational cohorts of workers (Baby Boomers, Generation X, and Generation Y or Millennials) represent a great challenge to them, and a better understanding of that can lead to better outcomes. Facing diversity instead of avoiding it, is the beacon for a path towards success. This paper will discuss the impact of different generations in the workforce and how understanding and embracing different work values can lead to build effective and efficient multi-generational teams. December 2015 - February 2016 Copyright © 2016 i-manager publications. All rights reserved. i-manager Publications http://www.imanagerpublications.com/Article.aspx?ArticleId=3781