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In Australia, interest in women in organisations has been overtaken by a focus on “managing diversity”. The first part of this paper describes this trend and the accompanying diversity discourse before reviewing the arguments for and against subsuming women as one category within a diversity framework. The second part draws on three examples to explore how working within a managing diversity brief allows and advances analyses of gender. The paper concludes by arguing the possibilities of working critically with diversity, including being reflective about one’s purposes and using the power that diversity offers for, hopefully, transformational ends.