The NBMBAA® 11th Annual Leaders of Tomorrow National Business Case Competition was a great success! The level of professionalism, dedication and hard work of each student was evident in their presentations of this year’s case about Facebook. We thank all of the high school students from chapters across the country who participated.
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What do all people who achieve true excellence and consistently high performance have in common? The answer isn't great genes, although they're nice to have. It's the willingness to push themselves beyond their current limits day in and day out, despite the discomfort that creates, the sacrifice of more immediate gratification, and the uncertainty they'll be rewarded for their efforts. (Harvard Business Review)
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With cybercriminals a greater threat to small businesses than ever before, more entrepreneurs like Lloyd Keilson are left asking themselves who is to blame for hacking attacks that drain their business accounts. In May, Lifestyle Forms & Displays Inc., a mannequin maker and importer led by the 65-year-old Mr. Keilson, had $1.2 million wiped out of its bank accounts in just hours through online transactions. (Wall Street Journal)
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The internet, by allowing anonymous browsing and rapid price-comparing, was supposed to mean low, and equal, prices for all. Now, however, online retailers are being offered software that helps them detect shoppers who can afford to pay more or are in a hurry to buy, so as to present pricier options to them or simply charge more for the same stuff. (The Economist)
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Baby Boomers, you’d better learn to get along with Generation Y. Now in their teens through their early 30s, millennials are expected to comprise half of the workforce by 2020. As a group, they are bold, ambitious and demanding — qualities that many Boomers, eyeing retirement after years spent paying dues and diligently moving up the ladder, find enraging. (Wall Street Journal)
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Bill Gates has one. So does Al Gore. Each man has embraced an encore career – work in later life that's personally fulfilling, contributes to the greater good and generates income. (Although I assume the last isn't top of mind for Gates.) If you're considering a similar path, new research and developments point to reason for concern – and optimism. (SmartMoney)
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On a Saturday morning in October 2010, Mariana Cole-Rivera, a domestic violence advocate at the group Hispanics United of Buffalo, began the Facebook thread that would get her fired. She wrote, "Lydia Cruz, a coworker feels that we don’t help our clients enough at HUB. I about had it! My fellow coworkers how do you feel?" (Slate)
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Less than a year after a European initiative to increase the number of women on corporate boards, U.S. business schools will launch a similar effort to identify board-ready women from their alumni and faculty ranks. (Bloomberg/Businessweek)
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Venice – The once-majestic 17th-century Palazzo Manfrin, one of this city’s most important architectural sites, is falling apart. Its white neoclassical facade is crumbling, several wooden doors are splintering, and its floor-to-ceiling frescoes have faded from age and water damage. (Washington Post)
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The National Black MBA Association® Scholarship from University of Phoenix is awarding two full tuition scholarships for undergraduate or masters' degrees to NBMBAA® members with a record of community service. Don't miss this amazing opportunity. The application deadline is July 24, so apply today!
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Leaders of for-profit colleges are applauding a judge's ruling overturning a main component of federal regulations that would have penalized the schools for graduating students with substantial debt and little chance of getting a job in their field. (Wall Street Journal)
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Cory Booker, the mayor of Newark, N.J., is a prodigious Twitter user. Not surprisingly, when he arrived at the annual Allen & Co. retreat in Sun Valley, Idaho, in July 2010, he took the time to send out a note to his followers. The conference is a laid-back scene where billionaires like Rupert Murdoch, Warren Buffett, and Bill Gates enjoy the outdoors, trailed by packs of reporters and photographers. (Bloomberg/Businessweek)
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Take advantage of early bird discounts and first choice on sessions and hotels by registering today for the NBMBAA 34th Annual Conference & Exposition, September 25-29 in Indianapolis. Reference our new Pre-Conference Planning Guide for details on why Conference is for you, what you get for your registration, costs, hotels, programs and more!
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Research in Motion has been dying for so long that it feels cruel to dwell on its turn for the worse. But the earnings report that the company put out last week was so disastrous – so much more terrible than anyone expected &ndash: that it now looks like RIM has passed the point of no return. Shipments of BlackBerry smartphones declined by 41 percent since last year, RIM said. Wall Street analysts had been expecting the company to break even during the quarter; instead, it lost half a billion dollars. (Slate)
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It’s bad enough when Facebook changes your profile settings without your permission. But after the social network’s latest infrastructure tweak, some Facebook users are reporting that their smartphones’ contacts settings are also being affected. (Wired)
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Two years ago, comedian Joey Diaz had little to laugh about. The then 53-year-old Diaz was opening for younger comedians, struggling to land acting gigs, and considering a career switch. But after releasing his work online, Diaz, a comic best known for bit roles in NBC's "My Name is Earl" and the Adam Sandler film "The Longest Yard," has revitalized his career. (Fortune)
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Got a business idea and up for a challenge? If so, register to compete in our Innovation Whiteboard Challenge®. All that is needed for this competition is a great business idea, great communication skills, a marker and a whiteboard. The winner will walk away with $10,000! Registration closes July 27, 2012. Submit your unique idea online. Don’t delay!
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The official plaintiff in the Obamacare case was the main small-business lobbying organization. In fact, the new health care law should be a boon to entrepreneurs. (Slate)
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Getting served with foreclosure papers made Lynn Szymoniak rich. While she couldn't have known it at the time, that day in 2008 led to her uncovering widespread fraud on the part of some of the country's biggest banks, and ultimately taking home $18 million as a result of her lawsuits against them. (CNN/Money)
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Critics of our analysis say Uncle Sam should have let the free markets take care of business. They tried. And they failed. (Fortune)
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The mind is a powerful tool, especially when it comes to spending and saving. Whether it's by going over your finances in a different language or putting on a smile at work, tricking yourself into thinking differently about your finances can make a huge difference. (CNN/Money)
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Whether you call it "practice retirement" or "pretirement" or just think of it as a way to ease into your post-career life while you're still working, the idea is to reap some of the financial benefits of staying on the job longer while also enjoying some of the perks of retirement. (CNN/Money)
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Bob Diamond's resignation as CEO of Barclays, announced Monday at 11:51 PM London time, was practically inevitable given the rising furor over the LIBOR scandal from politicians and regulators. The British authorities were already bashing its banks for allegedly excessive pay and "casino-style" risk taking, and planning new rules far more draconian than U.S. reforms – including a proposal to "ring-fence" the retail business by separating it from investment banking. (Fortune)
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In the fight between Apple, Amazon, the government, and publishers to set prices for electronic books, independents were overlooked. Now, they're banding together and voicing complaints. (The Atlantic)
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They were congenial but blunt. They were not fans of super PACs – political action committees that can receive unlimited donations from individuals, corporations and unions, usually for the purpose of saturating the airwaves with attack ads – and were appalled by the Supreme Court’s Citizens United decision in 2010, which made such entities possible. For that matter, they weren’t entirely happy with Obama. (The New York Times Magazine)
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Chief Justice John Roberts initially sided with the Supreme Court's four conservative justices to strike down the heart of President Obama's health care reform law, the Affordable Care Act, but later changed his position and formed an alliance with liberals to uphold the bulk of the law, according to two sources with specific knowledge of the deliberations. (CBS News)
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Every year the Department of Agriculture publishes estimates of family spending on children. This year, as in other years, many journalists duly passed the information on, often with snide asides about the "gift that keeps on taking" or the escalating price of bundles of joy. (The New York Times)
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