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NetWire arrowsJune 16, 2011
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New research into long-term MBA pay suggests you get what you pay for. Top schools like Harvard, Wharton, and Stanford leave the rest of the pack in the dust. (BloombergBusinessweek)
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A theme that many of the speakers at last week’s World Innovation Forum in New York City returned to again and again was how companies can think about the systematization of innovation. Author Daniel Pink spoke in particular to the practical problem of designing reward systems that encourage innovative activity, for which traditional "carrot and stick" programs are ineffective. (MIT/Sloan Management Review)
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It's an eye-catching claim at a time when the unemployment rate is 9.1 percent, 13.9 million people are officially unemployed and another 8.5 million are working part-time but would like to have full-time jobs. (NPR)
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Nielsen
Career
While entrepreneurship students get MBAs with the goal of launching a startup, many make corporate pit stops before they go into business for themselves. (BloombergBusinessweek)
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A senior executive at a Fortune 50 company recently invited my company in to help his team better manage the overwhelming demand he believed was taking a toll on their productivity and their satisfaction. (Fast Company)
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Liberty Mutual Group
Education
Western schools capitalize on huge demand for managers. And their China programs also pay dividends at home. (Wall Street Journal)
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We all know that Blacks and Latinos face greater challenges in seeking higher education. But the numbers are startling. (Fast Company)
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A few years ago, going to graduate or professional school seemed like a smart way to wait out a miserable economy. Students who picked up an extra degree may now be wondering if it was worth the time and expense.
In terms of salary expectations, the answer is yes. (Kiplinger's)
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Naylor, LLC
International
Greek prime minister fails to form unity government as police battle rioters in Athens and shares tumble over default fears. (The Guardian)
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Currency markets get all riled up about the Greek debt default rumors – and then rebound! There are concerns about economic declines from Great Britain to Malaysia. Then there's the chaos in commodities, which are priced in dollars – and the real or imagined impact on money that companies make overseas.(Fortune)
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NBMBAA
Don't miss this year's amazing line-up of speakers, educational sessions, career opportunities and networking. Spots fill up fast, to register early for access to the events you want to attend.
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Technology
After nearly a decade, Microsoft’s reign as a monopoly is over. The latest real-world data on web usage confirms that Microsoft’s once-dominant position in the world of personal computing is crumbling. (ZDNet)
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Entrepreneurship
Reputation has always been another form of income, and successful people have long found innumerable creative ways to monetize their time. Now a start-up called Expert Insight is trying to make the process far easier, enabling the more famous or distinguished among us to sell their expertise by the hour. (Slate)
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While feedback from potential customers isn't always easy to hear, testing ideas in the marketplace early can help set up a business for success. It's also a core tenet of a groundbreaking course in entrepreneurship introduced at Stanford this past spring. The class, called Lean Launchpad, throws students head-on into creating a company and tweaking its business model – making changes called "pivots" – as they test it in the real world. (Entrepreneur)
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The Economy
Niagara Falls, N.Y. is well known for its beautiful views and its popularity among tourists. But here’s something you might not have known: It also has the most affordable housing market in the country. (MarketWatch)
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Personal Finance
In spite of decades of advice to the contrary and the improving economy, millions of Americans are increasingly turning to what was once a lender of last resort--their 401(k) plans. (Smart Money)
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It's no secret that warehouse stores can offer compelling value. The markup over wholesale prices averages about 14%. Compare that with a 25% to 50% markup at conventional retailers, and you're talking substantial savings. There's no guarantee that every item on your shopping list is a better buy at a warehouse store, however. (Kiplinger's)
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Corporate America
Starting in late 2006, Goldman Sachs made trades that would pay off if the housing market tanked. Was this a massive bet that the housing market was going to crash, as Goldman's critics maintain? Or was it merely a hedge, an attempt by the firm to reduce its risk, as Goldman claims? (Slate)
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Investors see the rise of Internet-based audio services as a real threat to companies delivering audio content via other channels, even if they're still just a fraction of the size in financial terms -- at least, that seems to be the implication of stock market movements following Pandora's initial public offering on Wednesday. (MediaPost)
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Leadership
Everyone complains about his or her boss from time to time. In fact, some consider it a national workplace pastime. But there's a difference between everyday griping and stressful frustration, just as there is a clear distinction between a manager with a few flaws and one who is incompetent. (Harvard Business Review)
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Employees can easily go along their daily routines without much insight on the people buying their products, but exposing them to customers can serve as a powerful motivator. (Fortune)
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Lifestyle
Exercising during business travel doesn't have to feel like work. Use these tips to be at your best mentally and physically while on the go. (Inc.)
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Jetsetters have 5.7 billion reasons to be frustrated with extra fees that airlines charge passengers. That's the sum in dollars that U.S. airlines collected from baggage and change/cancellation fees alone in 2010. But how much is $5.7 billion in the context of a slew of airlines, millions of passengers, and all of the other revenue these companies collect each year? And what other sorts of hidden fees aren't even accounted for here? (The Atlantic)
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