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Black MBA NetWire
arrows March 9, 2018
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Top News
According to research, black founders face disproportionate barriers to funding regardless of economic potential. Here’s how several are overcoming those obstacles. (Fast Company)
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Based on its highly-successful company and the managers who thrive there, Google has researched and come up with 10 traits that mostly likely mean you'll be a great manager. Take a look: (The Muse)
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We've often been told that the most successful people are the early-risers, but a new survey of successful people indicates that getting up extra early doesn't necessarily determine how successful you'll become. (Inc.)
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CVS Health Corporation
Career
A new report on the wage gap from the Georgetown Center on Education and the Workforce, has found that at every education level women have to earn one additional degree in order reach average salaries in line with men’s averages. (Money)
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Diversity in the Workplace
Two prominent gender researchers are making a case for the fact that gender is now more of a business issue than it is just a "women's issue." (Business Day)
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Less than half of male and female employees consider their companies to be diversity employers of choice at 47% and 45% respectively, according to a survey released today by Randstad US. (Staffing Industry Analysts)
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Empowered women are not only critical for the environment, but also crucial to the global economy. An increase in female labor force participation, or a reduction in the gap between women's and men's labor force participation, results in faster economic growth. Advancing women's equality could add billions to the global economy by 2025. (CNN Money)
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International
He has been in office less than one month, but so far new South African President Cyril Ramaphosa is earning rave reviews from business leaders and investors in South Africa. (Bloomberg)
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Naylor Association Solutions
Education
Results from a new research study, commissioned by AACSB International (AACSB), the Executive MBA Council (EMBAC), and the International Consortium for Executive Education (UNICON), identifies how business schools can align their education models to meet the needs and expectations of millennials and the newest generation of learners, Generation Z. (PR Newswire)
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Although business schools have made a stronger effort to increase the ranks of women in MBA courses, the reality is that women remain a minority at elite business schools. The Financial Times has ranked business schools based on their outcomes for women. (Business Because)
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Today, only a third of all prisons provide ways for incarcerated people to continue their educations beyond high school. But the San Quentin Prison University Project remains one of the country’s most vibrant educational programs for inmates. (The New York Times)
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NBMBAA
In order to keep up with the changing world of business, companies must do a better job of recruiting and retaining a diverse workforce at all levels. The National Black MBA Association (NBMBAA), includes thousands of diverse members who range from young professionals to experienced executives. (Modern Wellness Guide)
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Technology
Global technology brands have begun to penetrate African economies, and the result is that the majority of local startups are experiencing more and more competition, which could potentially disrupt their operations. (Harvard Business Review)
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Entrepreneurship
A recent article which will be published in Organization Science suggests that when female founders highlight the social impact of their entrepreneurial ventures, it leads to more positive perceptions. Social impact can reduce the effects of bias and discrimination. (Harvard Business Review)
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A new book, "Black Fortunes", chronicles the lives of the first six African Americans who escaped slavery and became millionaires. (Philadelphia Tribune)
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The Economy
In 2016, Blacks accounted for nearly 1 out of 8 people in the labor force. And the U.S. Bureau of Labor Statistics (BLS) projects that share to increase slightly from 2016 to 2026 as the labor force continues to become more diverse. This article provides an overview of Blacks in the labor force, including their participation rates, educational attainment, and employment in occupations. (Bureau of Labor Statistics)
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The steel and aluminum tariffs imposed by President Donald Trump could have a major negative impact on black manufacturing companies. (Black Enterprise)
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Personal Finance
Americans are constantly looking for ways to find more money, and add to their savings account. But many find it difficult to do. But saving is possible. You could be closer to $1,000 than you think. Here are a few ways to find extra cash in your budget this month. (Black Enterprise)
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Americans now owe more than $1 trillion in credit card debt for the first time ever, after adding a post-Great Recession record $92.2 billion to the nation's tab in 2017. (WalletHub)
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Corporate America
President Donald Trump's plan to impose tariffs on imports of steel and aluminum - including those from China - has politicians and business leaders alike concerned that this could ignite a trade war with China, which could seriously hurt some U.S. businesses. Here is a look at some U.S. companies that stand to be hurt by a trade war. (Bloomberg)
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Health Insurer Cigna announced on Thursday it will acquire the mail-order prescription drug company Express Scripts, adding another notch to the growing number of mega-deal mergers that are affecting the business of drug pricing. (The Washington Post)
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Leadership
In the midst of a controversy surrounding the organization's culture of alleged sexual harassment targeted towards women, the Dallas Mavericks were forced to make a change at the top. The organization has named Cynthia Marshall - a black woman - as interim CEO. (Black Enterprise)
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