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Black MBA NetWire
arrows March 11, 2016
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Top News
As high earning black households make income gains faster than other groups, it’s interesting to note the wealth dynamics taking place within the black community and the widening wealth gap between the ‘black elite,’ and other African Americans. (Black Enterprise)
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While the worlds of comedy and business may not initially appear to have much in common, a growing number of firms are in fact turning to comedians to help them boost staff communication, performance, and creativity. (BBC News)
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If you feel like a fraud who's likely to screw up, sooner or later you'll prove yourself right.(Fast Company)
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Regeneron Pharmaceuticals Inc.
Career
As more Americans seek employment and signs of a strengthened job market continue to show, here are skills that three human resource professionals suggest all candidates have in order to stand out from the crowd. (Black Enterprise)
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Remember: You only have one chance to make a first impression. Make sure it's a good one. (Inc.)
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Lincoln Financial Group
Diversity in the Workplace
Often criticized in the past as well-intentioned but stagnant, corporate diversity departments at major organizations have never been so visible. (Forbes)
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Promoting workplace diversity has many bottom line benefits. But you need to approach the hiring process holistically — retaining employees can be more difficult than recruitment. (Wall Street Journal)
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International
The European Central Bank has cut its main interest rate to 0% from 0.05% as part of a package of measures intended to revive the eurozone economy. (BBC News)
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Migrant workers are the unsung heroes of China’s economic miracle. Numbering more than 270 million, they abandon their impoverished farms and villages to move to the cities, where they run the factories and build the highways and high-rises that have made China’s growth the envy of the world. Now, as China’s economy slows, the country’s leaders have a new mission for them: Buy homes. (The New York Times)
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While many Americans have threatened to move to Canada if the candidate of their choice loses, Canadians are certainly paying attention to the US election. (BBC News)
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Highmark, Inc
Education
The executive education sections of MIT Sloan, Tuck Dartmouth, and Columbia Business School have become "founding" academic institutions in partnership with a closely held Singapore startup company, creating a new structure to take their leadership development short-courses online. (Forbes)
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Online learning has never been more popular. Time and cost pressures mean young managers are shunning traditional campus MBAs for digital degrees — bricks for clicks. But which are the best? (Business Because)
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Many colleges struggle to keep black men from dropping out. The University of Connecticut is doing better than most, and now it's taking a step further by creating the Scholars House. (NPR)
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Naylor Association Solutions
NBMBAA
New local Boston chapter of the National Black MBA Association seeks to increase membership and help the association's corporate and education partners diversify their talent pool. (The Bay State Banner)
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Northwestern Mutual
Technology
3D printing, also known as additive manufacturing, has been around since 1984. But it wasn’t until recent advances in the technology that people really began to take notice. (Harvard Business Review
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Entrepreneurship
Tom Ferry was living in the slums of California's Orange County with a bullet hole in his bedroom window, purple hair on his head and a penchant for punk rock and picking fights. He was 18 and headed for an inglorious life in the rat race, in prison or worse. But apparently this sort of life wasn't in the cards for Ferry. (Entrepreneur)
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With increase in internet and smartphone penetration, eCommerce in India is growing at a very rapid pace and everyone wants to be the part of this online revolution.(Entrepreneur)
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Area African-American-owned small businesses are able to access an additional source of financing thanks to a Van Nuys-based enterprise and a big Wall Street financial firm. JPMorgan Chase & Co. and the Valley Economic Development Center have partnered in the bank’s National African American Small Business Loan Fund and are already putting in the money to work in the Los Angeles area. (Los Angeles Daily News)
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The Economy
Unsurprisingly, the collapse in oil prices since the summer of 2014 has raised concerns over the long-term stability of the GCC economies, even more so in view of what may yet be a prolonged period of low oil prices. (Harvard Business Review)
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With nearly every metropolis vying to become the next Silicon Valley, New Orleans would rather become a better version of itself: the next New Orleans.(Harvard Business Review)
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Personal Finance
When it comes to retirement planning, there are a lot of opinions on how much you need to save; eight times your salary and the 4% rule are just a couple rules of thumb out there. (USA TODAY)
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Corporate America
Companies are not squarely to blame for the anger and frustration that have so warped this presidential primary season. Nor are they entirely innocent. The growing economic inequality that polarizes U.S. politics is not merely the inevitable result of our free-market system; it is also a consequence of the choices our business leaders make. (Harvard Business Review)
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It’s not unusual to see tech companies donating to schools to boost science programs, create coding classes or build computer labs to help stock the workforce of the future. But Google is going further with its recent $5 million in community grants — including $1.75 million to Oakland and San Francisco schools — by taking on systemic racism.(San Francisco Chronicle)
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Government
The U.S. government has made what is being called a significant step for the autism community. This week the Office of Personnel Management (OPM) stated that beginning in 2017, all health plans under the Federal Employees Health Benefits Program will cover Applied Behavior Analysis (ABA) for children who are on the autism spectrum. The Federal Employees Health Benefits Program extends to federal employees, retirees and their dependents and covers an estimated eight million people.(Diversity Inc.)
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With the number of serious presidential candidates thinning out and the election drawing closer, it's getting a bit easier to see where the main contenders stand on Social Security.(USA TODAY)
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The Obama administration is proposing a test program to see if lowering reimbursements for drugs administered by some Medicare doctors would prompt them to choose lower-cost, but equally effective, medications.(Wall Street Journal)
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Leadership
If you’re not turning your company into a "math house" you’re headed for serious trouble. Every industry will soon be driven by digitization and every winning company will be using algorithms, or mathematical rules for processing information, to shape the end-to-end customer experience. (Harvard Business Review)
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Lifestyle
The International African American Museum — expected to open in 2018 on Gadsden’s Wharf in downtown Charleston — will be led by a descendant of a former slave who went on to become a U.S. congressman. (Charleston Regional Business Journal)
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As homeschooling becomes increasingly popular among families across the nation, research shows African-American parents are becoming more interested in homeschooling as an alternative to local government schools. (The Heartland Institute)
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