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arrows January 31, 2020
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When was the last time something threw your team off track? Was it because of a team member’s strength, or did it have to do with an unchecked recurring tendency? Emotionally intelligent leaders know what triggers their limbic brains and learn how to control their responses. Strategic ones also design their environments and teams to keep themselves — and everyone else — on track. (HBR)
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As the World Health Organization declares a global health emergency for the novel coronavirus, American companies are scrambling to help combat the spread of the disease. But the one company with arguably the most at stake is Apple, which relies heavily on manufacturing in China – and on the Chinese consumer market. (CNN)
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As the boss, you might never be able to fully unplug from your phone, email, or Slack – especially if you're running a startup business. But even if you never disconnect from work, it's important to let your employees do so. Fortunately, there are ways to set limits without losing productivity. (Inc.)
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Career
When you're just starting out in business, it's easy to battle burnout because inevitably things are constantly changing and the hours can be long and difficult. To help combat this problem, you should consider creating an intensive business plan. (Entrepreneur)
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Lockheed Martin
Diversity in the Workplace
Ellen Pao once made headlines because of her discrimination lawsuit against the venture capital firm Kleiner Perkins. Today, she’s the CEO of Project Include, a nonprofit organization pushing tech startups to do better when it comes to diversity and inclusion. She recently spoke with The Muse about her efforts to get companies to think bigger, aim higher, and do more. (The Muse)
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In Hidden Pieces of the D&I Puzzle, the data scientists and researchers from Great Place to Work explain how companies of any size can take diversity and inclusion into the future. By analyzing 14 years of data collected from responses to Great Place to Work’s Trust Index© survey, the researchers discovered some surprising trends that tied a company’s success to its D&I initiatives. (Yahoo!)
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International
Britain agreed earlier this week to allow Chinese tech giant Huawei to have a limited role supplying new high-speed network equipment to wireless carriers, ignoring the U.S. government’s warnings that it would sever intelligence sharing if the company was not banned. (AP)
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To many nations and international businesses, Africa is increasingly an important investment destination. As part of the effort to spur investment, the U.S. has sought to revamp its commercial engagement in Africa through the creation of the $60 billion U.S. Development Finance Corporation. Still, American companies have yet to enter African markets at a significant rate. (Brookings)
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Airlines around the world have canceled or cut their flights to China until as late as March amid the coronavirus outbreak. Air travel is one of the quickest ways a disease can spread, since aircraft fly all over the world, especially from an economic hub like China. (Business Insider)
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Education
Beginning in fall 2020, Babson College will offer a new graduate degree program: the Master of Science in Advance Entrepreneurial Leadership. What is an entreprenurial leader? A conventional leader might be great at assembling a puzzle when the picture is laid out to copy, while an entrepreneurial leader can dive in with no picture at all to start putting pieces together. (Babson Thought & Action)
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Entrepreneurship
While starting a business as a black entrepreneur can be especially challenging, it is possible to do so successfully. The State of Small Business Survey 2019 has found that more and more African Americans are quick to start their own businesses, often from the age of 18. Here are five pieces of business advice from black startup founders. (Black Enterprise)
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The Economy
President Donald Trump on Wednesday signed into law a major rewrite of the North American Free Trade Agreement that replaces a Clinton-era agreement and, he says, will keep jobs, wealth and growth in America. But trade experts say the impact of the new U.S.-Mexico-Canada Agreement will be modest. (Associated Press)
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The U.S. economy in 2019 grew at its slowest pace in the past three years, according to preliminary data from the Commerce Department. The economy expanded by 2.3% last year, its lowest level since 2016, when growth stood at 1.6%. (CNN)
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Personal Finance
FICO, provider of the most widely used credit score in the U.S., is making big changes to its credit scoring system that will take effect this summer. The company says these changes will likely affect 110 million Americans, whose credit scores will either go up or down. Here's what you need to know before the changes take effect. (Inc.)
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Corporate America
If Amazon wants luxury brands to get involved, it will need to overhaul its anti-counterfeiting measures. Otherwise it risks being seen as not just an unwilling or unwitting participant of counterfeits but an active facilitator of them. (Glossy)
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Lifestyle
Patricia Walters built her art collection as her husband, Ronald W. Walters, built his career as a leading scholar of politics and race. While Ronald lectured at universities and traveled the world, Patricia accumulated an art collection valued at more than $2.5 million. Now — nearly a decade after her husband’s death from cancer — she’s preparing to donate 152 pieces to Howard University, her husband’s academic home for 25 years. (The Washington Post)
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