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Black MBA NetWire
arrows August 16, 2019
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Chicago-based workplace expert and futurist, Alexandra Levit, says that to succeed, businesses and business leaders must remain relevant in the face of technological advances. If you don't learn how to work alongside machines, you'll be left behind, she says. (BusinessBecause)
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If part of your hiring practice is to make decisions based on ‘gut feeling,’ you’re likely hiring on the basis of unconscious bias. The best way to prevent yourself from succumbing to these unconscious biases is to become aware of them and take action to prevent them when recruiting, hiring and retaining employees. Here are 12 examples of unconscious bias that commonly affect candidates and employees in the workplace. (Built In)
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Wells Fargo
Career
You never know where your career will take you. Your first job could be just perfect for you, or it might have you wondering if you've chosen the right career path. Whether you're in a great situation or pondering your next move, you should want to create a few long-term professional goals in order to make sure your career is on the right path. (Monster)
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Lockheed Martin
Diversity in the Workplace
Nordstrom has reached 100% pay equity for employees of all genders and races, the company announced last week. The store said this milestone means that it provides equal pay for comparable work, which it believes is "essential to creating an environment where every employee feels valued and respected." Company officials said they evaluated pay equity by looking at base salary and assessing whether employees with similar roles, levels of experience and performance were receiving equal pay for comparable work. (HR DIVE)
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International
The French transit ministry has proposed an "eco-tax" and is pushing for taxing jet fuel on international flights. It would undo a global agreement not to tax fuel on international flights that was made at the end of World War II in an effort to incentivize commercial aviation – thereby threatening inexpensive flights to Europe. (Fortune)
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Education
What makes or breaks an M.B.A. applicant? How important are GMAT or GRE scores and undergraduate transcripts? What difference does your essay or admissions interview make? How important is your work experience and accomplishments? Forbes contributor John Byrne goes inside the admissions process for M.B.A. applicants to give you a glimpse of what goes into deciding who gets in – and who doesn't. (Forbes)
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NBMBAA

The 41st Annual NBMBAA® Conference & Exposition convenes our members, corporate and university partners, and some of the world’s most sought after thought leaders at the George R. Brown Convention Center for a week of exploration in the areas of education, leadership, career opportunities, and networking connections that enable professional development. More than 10,000 professionals will travel to Houston this September to gain access to opportunities that only our national conference can offer. Will you be one of them?
 
Register Now

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The National Black MBA Association® – Los Angeles Chapter – will host the Headshots and Handshakes Seminar on August 24, 2019.
 
Workshops for entrepreneur or professional pathways will be held from 9 a.m.-3 p.m., at the University of California, Fertitta Hall, 610 Childs Way, Los Angeles (cross streets: Exposition Boulevard and Figueroa Street).
 
On-site registration and breakfast will be from 9 a.m.-9:50 a.m. Dress code: business attire. Fee $40; $60 VIP. Reservations required. For more information call 310-437-1033.
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Technology
According to Jeff Steen, special projects editor for FitSmallBusiness.com, platforms that are meant for social connection could also help your professional advancement. FitSmallBusiness.com has compiled a list of the most surprising social platforms in which you can also use for business networking. (Fast Company)
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The Thought Leadership and Innovation Foundation (TLI) has launched a new program targeting historically black colleges and universities, as well as minority-serving institutions for the Risk Management and Cybersecurity Training Program. (Black Enterprise)
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Entrepreneurship
An event promoting the idea of empowering young entrepreneurs to bring their business ideas in front of a group of professionals was recently held in Martha's Vineyard. In collaboration with Advancing Black Pathways of JPMorgan Chase, the World of Money Youth Business Pitch competition focused on bright African American youth and their ideas to create a better future. (MV Times)
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New black-owned firms get started with almost three times less capital than new businesses owned by whites, a gap that does not close over time, according to the Ewing Marion Kauffman Foundation in Kansas City, Mo. The same study said black entrepreneurs put up more than half of capital to launch their businesses while white owners put up less than one-third. (Pittsburgh Post-Gazette)
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The Economy
Many economists and restaurant owners worried a higher minimum wage would kill jobs and raise prices, but cities like New York and San Francisco haven't seen much impact yet. A new report from the New School recently found the restaurant industry had thrived in NYC years after passing higher wages. (Business Insider)
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Five large economies are at serious risk of a recession, and financial experts are warning it won't take much to push them over the edge. The British, German, Italian, Brazilian and Mexican economies are ranked among the world's Top 20, and all are suffering. (CNN)
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Personal Finance
The ACLU is joining the ranks of those who believe cash-free transactions aren't good for everyone. According to the ACLU and some government entities, cash-free stores discriminate against the approximately 1-in-15 U.S. households (6.5%) that are “unbanked,”  – meaning they have no checking or savings account and no card with which to stock up on goods at places like Amazon Go. (Fast Company)
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Warnings from economists that the United States may be headed for a recession – combined with the unstable stock market this week – has many people worried about their own personal finances and investments. But before you consider making drastic moves, like moving money to safer bonds, be careful. It may not be as great of an idea as you think. (The Wasington Post)
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Government
In the latest in the U.S.-China trade war battle, earlier this week China vowed to counter the latest U.S. tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal. Meanwhile, U.S. President Donald Trump said any agreement would have to be on America’s terms. (Reuters)
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Lifestyle
When was the last time you took the family out for a movie? How about a sporting event? If it's been awhile, you're not alone. More than one in five Americans said they could not afford movies, vacations, or sports events because they were trying to pay off credit card bills or student loans. (MSNBC)
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