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Black MBA NetWire
arrows October 30, 2015
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Top News
African Americans who graduated from majority-minority colleges feel more professionally and personally fulfilled than their peers who attended predominantly white schools. (The Atlantic)
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In each of his ventures, Carter has a knack for finding winners and helping them fulfill their greatest potential (this is the man who helped make Lady Gaga, after all). Here's how he approaches his work. (Fast Company)
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Business school may be your ticket to the boardroom. More than 40% of the chief executive officers in the top 100 Fortune companies have studied for an MBA, according to research from Heidrick & Struggles, the executive search firm. (BusinessBecause)
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Career
Business school is a profitable investment for almost anyone, but some MBAs are getting more dollar value out of their degrees than others. (Bloomberg)
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There are certain things that are taboo to talk about with your colleagues. But just because we don't talk about them doesn't mean they don't exist. Let's lay bare some of the hard truths about success. (Inc.)
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As the hiring market tightens, companies like Apple Inc. and Twitter Inc. are using stock awards to turn more workers into owners. But it isn’t always an easy sell. (The Wall Street Journal)
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Lincoln Financial Group
Diversity in the Workplace
Patrick Curry didn’t fill a quota when he was hired by The MetroHealth System this summer as the new director of marketing. But as part of an intentionally collected pool of qualified candidates, Curry – an African-American – did bring his experience in hospital marketing from New York City back to his native Cleveland and put an impressive face on MetroHealth’s diversity and inclusion initiative. (Crains Cleveland)
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Would it surprise you to learn that highly educated black professionals face a widening gap with whites as they progress through their career? Diversity in the 21st century workplace is still a challenge that impacts not only our ideas of fairness and opportunity, but the bottom line as well. (Huffington Post)
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International
China announced today that it will end its "one-child policy," the radical measure that has barred many Chinese families from having multiple children since 1980. All couples will be permitted to have two children, as the country seeks to subdue the growing problem of a rapidly aging population and potential labor shortages. (The Washington Post)
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For Caracas housewife Anny Valero, today is grocery day – whether she likes it or not. Here's why: It's Monday, and if Valero doesn't go now, she'll have to wait four more days to buy food. (NPR)
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U.S. Department Of State
Education
The University of Michigan, answering calls from students who asked to blend their business training with social conscience, has added a three-year diversity requirement to the Ross School of Business undergraduate curriculum. (Bloomberg)
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The reality of college can be pretty different from the images portrayed in movies and television. Instead of co-eds who wake up late, party all the time, leisurely toss footballs around, and intermittently study for exams, many colleges are full of students with pressing schedules of not just classes and activities, but real jobs, too. (The Atlantic)
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In recent years, a growing group of mostly small and midsize private colleges and universities have slashed the price of tuition. And in June 2015, Washington’s state legislature approved tuition cuts for in-state students of 5% to 20% over the next two years at the state’s public colleges and universities, including a 5% cut at community colleges and technical schools. (Kiplinger's)
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Consortium For Graduate Study in Management
NBMBAA
Charles received the "Ted Childs Life Work Excellence Award." "Ken has earned this recognition through his vision, execution, leadership ... partnerships with senior management to create a workplace that is competitive in the 21st century." (Working Mother Media)
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Northwestern Mutual
Technology
Is the way Uber changes its prices fair? And, maybe more importantly, does it actually work? Researchers just reverse engineered the app to find the answers. (Fast Company)
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U Myint Kyaw Thu says he wanted to make games since he was a five-year-old playing Nintendo. But growing up in Burma, now Myanmar, there was no internet and precious few mobile phones. (BBC News)
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LinkedIn gets a lot of grief from the technology press, and even from many of its own members, for being unpleasant to look at, difficult to use, and generally irritating. There was more than a little Schadenfreude when the company was fined recently for sending its users too many emails. But none of that seems to stop the corporate social network from making money. (Fortune)
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Entrepreneurship
I love the result of our pivot. I also love the idea of pivoting. But I have a problem with the word "pivot." The action sounds surgical, near-instant, and tidy. The actual experience is nothing like that. (Fast Company)
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Aside from all the decision-making, financial burdens and day-to-day responsibilities of entrepreneurship, the central dilemma of owning a business springs from the dissonance of managing a healthy work-life balance. (Entrepreneur)
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The Economy
A burst of legislative activity in Congress this week, culminating in a two-year budget deal, could lift the cloud of uncertainty and modestly boost the economy by rolling back fiscal austerity. (The Wall Street Journal)
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It has become a cliché to ask whether GDP is an appropriate measure of a country’s progress. But sometimes – at least in the short term – GDP growth is not even a good signal of the strength of the economy. (The Economist)
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Personal Finance
Two popular strategies that help married couples boost their Social Security benefits will get the ax if Congress approves a bipartisan budget deal. (Kiplinger's)
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Conventional wisdom for savings is the "out of sight, out of mind" principle: Sock away money in a separate account you’re not tempted to tap for everyday expenses. In general, that’s good advice, but you can run into problems if that rule is so fixed in your mind that it overrides a near-term financial need. (Money)
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Professional Development
Want to get ahead in your career? Join the crowd. Fifty-two percent of Coursera students are taking online courses to improve their career, according to president and co-founder Daphne Koller. (Money)
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The worst times often lay the groundwork for breakthroughs. In the stagnant 70s, Bill Gates wrote source codes and Steve Jobs crafted designs that ushered in the computer revolution. From the ashes of World War II came microwave ovens and televisions. As America was mired in the Great Depression, a failed actor named Dale Carnegie published How To Win Friends and Influence People. (Poets & Quants)
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Naylor Association Solutions
Corporate America
Outdoor retailer REI made an announcement Monday that may have sounded like sacrilege to retail industry veterans. It will be closed this year on Black Friday, shutting its doors on retail's holiest of days and paying its employees for a day off. (The Washington Post)
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A "free" first class upgrade is the Holy Grail of air travel. And Sam Huang did it with one of the most sought-after premium sections on the planet – an around-the-world flight in one of Emirates’ legendary First Class Suites. (Fortune)
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Government
On paper, those spending increases – divided evenly between defense and non-defense programs – will be offset by cuts elsewhere. And by shifting around billions of taxpayer dollars, the deal produces some private sector winners and losers, as well. (Fortune)
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Leadership
The Chairman and chief executive officer of BET Networks, traces her path from high school to the corner office. (Bloomberg)
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Each generation brings a new set of values. Here's how the growing number of millennial managers are changing the face of the workplace. (Fast Company)
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So how do you develop emotional intelligence? As with any skill, you must study and practice. Here are 5 TED Talks that will help you increase self-awareness and start targeting areas for improvement. (Inc.)
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Lifestyle
The chef and author made the case for black Southern cooking as the foundation of our national cuisine. Does she get the credit she deserves? (The New York Times)
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African-American women in the United States have reached a dubious milestone. For the first time, the incidence of breast cancer among black women is equal to that of white women, according to a sweeping new report from the American Cancer Society. (The New York Times)
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