Top News
Wall Street executives, facing demonstrators camped for a fourth week in New York’s financial district, say they’re anxious and angry for other reasons. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/news/2011-10-12/wall-street-sees-no-exit-from-financial-woes-as-bankers-fret.html to view the full article online. In the current tight job market, cold calls and gimmicky gestures are the worst ways to approach recruiters—especially if your skills don't exactly match the job. Instead, experts recommend old-fashioned networking as the best way to get onto a recruiter's job-candidate list, but the effort requires more than just a LinkedIn invitation. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424052970203476804576619613627249504.html to view the full article online. Mobile digital gadgets are overshadowing the personal computer, says Martin Giles. Their impact will be far-reaching. (The Economist)
Visit http://www.economist.com/node/21531109 to view the full article online. Career
As more employees work remotely, companies must devise ways for isolated workers to feel like part of a group. Teleworkers are still in the minority, representing about 2% of the U.S. workforce according to the Telework Research Network, a consulting and research firm specializing in telework and workplace flexibility, but experts believe virtual teaming will become more common. (Wall Street Journal)
Visit http://online.wsj.com/article/SB10001424052970204524604576611262007838444.html to view the full article online. We are at a dangerous point where commodity worker output can easily exceed the demand for labor. (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2011/10/are-workers-too-productive/246454/ to view the full article online. Spencer Palmer is president of the Chicago Chapter of the National Black MBA Association (NBMBAA), one of the most influential organizations for executives of color. In his day job, Palmer is a Senior Consultant, ITE (Information Technology Engineer) Project Management, for Nationwide Insurance. (Rolling Out)
Visit http://rollingout.com/business/executive-suite/spencer-palmer-chicago-nbmbaa-president-how-to-make-strategic-connections/ to view the full article online. International
For nearly a decade, a Danish bank has been recognized by the Great Place to Work Institute as one of the best small to medium sized companies to work for in Europe. Situated near the quiet coastline on the island of Fyn, Middelfart Sparekasse has an unusual approach to people management that experts say is worth noting. (CNN International)
Visit http://edition.cnn.com/2011/09/30/business/gargiulo-route-to-the-top-middelfart-sparekasse/index.html?hpt=ibu_bn1 to view the full article online. Education
At state universities, would-be business majors can't land a berth at increasingly selective B-schools, leaving them in admissions limbo. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/business-schools/when-college-says-yes-but-bschool-says-no-10052011.html to view the full article online. Many people dream of going back to school to change careers, burnish credentials, or learn new skills. But with the cost of some MBA’s hitting six figures, and many certificate programs reaching into five figures, paying for continuing education can be daunting. (Boston Globe)
Visit http://articles.boston.com/2011-10-09/business/30260860_1_student-financial-aid-administrators-fastweb-aid-sources to view the full article online. It is one thing to theorize about managing a volatile market and another to do it in real-life. The University of Lethbridge’s Faculty of Management plans to unveil details shortly about a new $100,000 fund that will give students hands-on experience in managing a real-dollar portfolio of Canadian and international stocks and bonds. (Globe and Mail)
Visit http://www.theglobeandmail.com/report-on-business/careers/business-education/business-school-news/students-manage-real-money-real-risk/article2193964/ to view the full article online. NBMBAA
Doug E Fresh knows what the National Black MBAA conference attendees need after a busy day of seminars, meetings and exhibit tours – a good old-school party (photos). (Rolling Out)
Visit http://rollingout.com/photos/doug-e-fresh-denzel-washington-join-national-black-mba-assoc-at-welcome-to-atlanta-party/ to view the full article online. The National Black MBA Association Conference did not let attendees enter the job fair unprepared. The conference offered meetings with individual advisors to help attendees with their resume. An additional service of a personal development coach could be purchased for an additional fee. In addition, the conference also featured its own cyber café for attendees. (Niki Panache)
Visit http://nikkipanache.com/tag/national-black-mba-conference/ to view the full article online. Technology
2011 was supposed to be the year of the tablet. But Android tablets aren’t selling. iPads still claim over 60 percent global market share, according to IDC research. As technology web site AllThingsD claimed, "Consumers don’t want tablets, they want iPads." (Wired)
Visit http://www.wired.com/gadgetlab/2011/10/hands-on-springboard-tablet/ to view the full article online. Research in Motion is suffering on all fronts. Its sales are flagging, investors are agitating for a management shakeup, the stock is down almost 60% this year, and now its BlackBerry service is down – again. (CNN/Money)
Visit http://money.cnn.com/2011/10/12/technology/blackberry_outage/index.htm to view the full article online. Entrepreneurship
What might seem like yet another USB thumbdrive is actually quite innovative. About the size of your fingertip, the USB drive is almost weightless and has a hole that you can slip through a keychain ring. (Inc.)
Visit http://www.inc.com/ss/8-game-changing-gadgets-business#0 to view the full article online. Instead of opting for a coveted internship like many of his Stanford MBA counterparts, JuicyCampus.com founder Matt Ivester self-published a book alerting readers to the potential dangers of social networks. (Fortune)
Visit http://management.fortune.cnn.com/2011/10/12/from-gossip-site-founder-to-web-reputation-defender/?iid=SF_F_River to view the full article online. The Economy
It is hard to overstate the importance of the consumer when it comes to the health of the U.S. economy. With roughly 70% of U.S. GDP coming from consumer spending, the purchasing habits of U.S. households are a critical contributor to economic health. (Knowledge@Wharton)
Visit http://knowledge.wharton.upenn.edu/article.cfm?articleid=2856 to view the full article online. Mortgage rates will continue to remain near lows for the year ahead, while home prices are expected to remain flat, the Mortgage Bankers Association’s chief economist said on Tuesday. And both are expected do little to inspire anyone to buy a home. (MarketWatch)
Visit http://www.marketwatch.com/story/fewer-will-get-a-mortgage-next-year-2011-10-11 to view the full article online. Personal Finance
At a time when many advisers and professionals are giving up on "buy and hold," many large 401(k) companies are telling investors to stand pat. Who's right? (SmartMoney)
Visit http://www.smartmoney.com/retirement/planning/401k-plans-advice-to-employees-buy-and-hold-still-works-1318027262043/ to view the full article online. Investors aren’t rushing to lower their tax bills by reconverting their Roth IRA accounts to traditional ones ahead of the Oct. 17 deadline. U.S. savers who switch their traditional IRAs to Roth IRAs must pay taxes up front to get tax-free withdrawals in the future. (Bloomberg)
Visit http://www.bloomberg.com/news/2011-10-10/savers-stick-with-roth-iras-instead-of-do-overs-to-cut-tax-bill.html to view the full article online. Professional Development
Companies that pursue a number of improvement initiatives at once risk creating information overload for employees. (MIT/Sloan Management Review)
Visit http://sloanreview.mit.edu/the-magazine/2011-fall/53116/the-trouble-with-too-much-information/ to view the full article online. Corporate America
Steve Jobs landed the number one spot in our ranking of the best CEOs in the world, published in HBR in January 2010. Unlike most rankings, it was based on a systematic analysis of stock-market performance among nearly 2,000 CEOs of the world's largest companies. (Harvard Business Review)
Visit http://blogs.hbr.org/cs/2011/10/how_good_was_steve_jobs_really.html to view the full article online. Now that Amazon and Apple are rivals, which one is likely to win? For the next few years, at least, the answer will be both. (Fortune)
Visit http://tech.fortune.cnn.com/2011/10/12/amazon-versus-apple/ to view the full article online. Government
Congress approved with bipartisan support Wednesday much-delayed free trade agreements with South Korea, Colombia and Panama. The Obama administration and supporters in Congress have labeled these agreements jobs bills, though there are questions about how many jobs will really be created. (NPR)
Visit http://www.npr.org/2011/10/12/141264928/will-free-trade-agreements-really-create-jobs to view the full article online. Leadership
By tailoring the product development process for different kinds of innovations, a firm can give itself the opportunity to generate immediate new product revenues while cultivating future opportunities. (Fast Company)
Visit http://www.fastcodesign.com/1665186/there-are-three-types-of-innovation-heres-how-to-create-them to view the full article online. Have the requirements for being a good leader changed? We continue our examination of the business book On Becoming A Leader with an interview of author Warren Bennis. (Fast Company)
Visit http://www.fastcompany.com/1786824/warren-bennis-on-becoming-a-leader to view the full article online. Lifestyle
It’s hard enough to pay your bills and save for retirement, especially during an economic downturn. But it’s even tougher when you have to juggle responsibilities, providing for your own financial needs and lending a helping hand to your elderly parents or grown children – or both. (Kiplinger's)
Visit http://www.kiplinger.com/magazine/archives/the-sandwich-generation-caught-in-the-middle.html to view the full article online. "PBS NewsHour’s" Gwen Ifill will moderate the dedication ceremony Sunday for the Martin Luther King Jr. Memorial, the foundation that built the memorial announced. President Obama is scheduled to be the keynote speaker. (Washington Post)
Visit http://www.washingtonpost.com/local/king-memorial-dedication-sunday-to-feature-gwen-ifill-jesse-jackson-aretha-franklin/2011/10/11/gIQA9GvkdL_story.html to view the full article online. |