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Black MBA NetWire
arrows May 4, 2018
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Top News
Back-to-back controversies have helped highlight a generational and geographic divide that often bifurcates Boston’s black community. (Boston Globe)
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Top MBA programs are adjusting their curriculum with expanded classes in digital currency and blockchain to keep up with demand from students and future employers. (CNBC)
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The two black men arrested for sitting at a Philadelphia Starbucks last month without ordering spoke out after reaching a settlement with the city for a symbolic $1 each and a $200,000 pledge from Philadelphia to fund a program for young entrepreneurs. (Fortune)
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Career
Work life can be extremely stressful, and it can take a physical and emotional toll. Burnout can interfere with decision-making and and lead to decreased productivity. Here are some signs to watch for, and how you can combat burnout. (CNN Money)
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Top-level managers have a huge level of influence over those in their employment, and those who word under them tend to follow their lead with what's acceptable or not. Good leaders create a cohesive environment, but if they are not careful those at the top of a company can have a negative influence. Here are ways that culture can be fixed. (Harvard Business Review)
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Diversity in the Workplace
One year after Verizon CEO Diego Scotti initiated a program or college students in the U.S. with diverse backgrounds and a marketing interest, the first participants in the program are nearing the end of their 8-month internship and Verizon will now try to learn from their success and failures. (ADWEEK)
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Top black lawmakers visited Apple, Twitter and other tech giants this week, as they continue their crusade to improve Silicon Valley’s hiring practices and train a new generation of diverse engineers and entrepreneurs. (The Seattle Times)
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While people of color make up 40% of nonprofit employees, they account for only 10% of CEOs and board chairs, and just 16% of all board members. (Fast Company)
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Naylor Association Solutions
Education
In response to a 2016 report that said African-American MBAs are severely underrepresented at business schools in the U.S., a number of organizations, institutions, and individuals have committed to increasing the number of black students in MBA programs and the marketplace that absorbs the MBAs they produce. (Business Because)
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Entrepreneurship
The University of Oxford Saïd’s Skoll Centre is leading the way in a groundbreaking field, combining entrepreneurship with positive social change. (Business Because)
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Micah Wainwright, a veteran tax-auditing specialist, said there are opportunities for blacks to prosper in President Donald Trump's era. (Black Enterprise)
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The Economy
The U.S. government said it's possible that gas will be about 14 percent higher this summer, coming at a time when the summer driving season is at its peak. The increase will be even higher on the West Coast. (CNN)
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A Bank of America survey showed that 63 percent of small business owners say the new federal tax cuts will allow them to use the savings to increase investment, give raises and hire more employees. (Inc.)
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Macy's announcement this week that it has acquired Story, a retail store that changes inventory and themes every three months, could help save the struggling chain. (Forbes)
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Personal Finance
USA Today's money reporter Adam Shell on why 2018 won't be as lucrative for retirement investors as the previous year. (USA Today)
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Corporate America
More than 3,000 employees signed a letter demanding an end to a program they believe isn't conducive to the company's mission. Project Maven, is designed to use Google's AI cloud software to target individuals through military surveillance, but employees say the company should not associate with military operations or warfare technologies. The battle highlights the problems that can occur when companies stray from their core mission. (Inc.)
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Workplace cultures that emphasize collaboration, sharing and innovation are far more likely to succeed. (Entrepreneur)
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