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Black MBA NetWire
arrows May 17, 2018
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There are three elements to a culture in the workplace: behaviors, systems, and practices. They are all operated within a set of values. A great culture is what you get when all three of these are aligned, and line up with the organization’s stated values. When gaps start to appear, that’s when you start to see problems — and see great employees leave. (Harvard Business Review)
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Speaking to the 2018 graduating class at USC's Annenberg School for Communications and Journalism, Oprah told the graduates life isn't always about learning new lessons, but adhering to those you've already learned. And she challenged them to become great at whatever profession they choose. (The Muse)
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Many companies have attached their brands to the wedding of Prince Harry and Meghan Markle, scheduled for this Saturday. Here are some that work - and some that really don't. (Inc.)
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Career
HBR conducted interviews with 59 black, female executives and the results indicate black women have a difficult time facing the challenge of intersectional invisibility - black women believe they stand out more because there are so few of them in the workplace, yet often feel like the only one in the room. (Harvard Business Review)
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Diversity in the Workplace
In today's workforce, creating an equal environment should no longer be viewed as an option; instead it should be a vital part of the workplace culture. Gender equality helps companies compete for the best talent and leads to long-term success. (San Francisco Business Times)
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International shoe giant Nike is preparing to implement new initiatives in an attempt to improve workplace diversity. The company has been rocked by allegations of gender discrimination and inappropriate workplace behavior that led Nike to part ways with nearly a dozen senior executives. (Business of Fashion)
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International
If you decide that an Executive MBA program is the best career move when you're seeking graduate business education, you should seriously consider attending a program in Paris. Yes, Paris. The city has some of the best EMBA programs, growing businesses and diversity. (Business Because)
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In yet another sign of the fallout from the U.S. tariffs, China, the world’s biggest soybean importer, has almost tripled purchases from Russia amid a trade dispute with the U.S. - the biggest producer. (Bloomberg)
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Naylor Association Solutions
NBMBAA
The National Black MBA Association® (NBMBAA®) announced last July the formation of The Bakari Henderson Memorial Scholarship Fund in honor of Bakari Henderson, a 22-year-old aspiring fashion designer from Austin, and former member of NBMBAA®, who was tragically murdered on July 7, 2017 on the Greek island of Zakynthos. Bakari was the former recipient of the NBMBAA® China Europe International Business School (CEIBS®) scholarship, the world’s largest EMBA program. For more information or to learn how to donate to the Bakari Henderson Memorial Scholarship Fund, please visit https://nbmbaa.org/bakari-henderson-memorial-scholarship-fund. (Business Wire)
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Technology
Fresh off Google's announcement about its new time management controls, Instagram has acknowledged it will make use of a code buried in the Android app that wil show users the amount of time spent on Instagram. (Tech Crunch)
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Entrepreneurship
A renewed appreciation for a natural cosmetics product used by women across Africa led two MBA students at Indiana University's Kelley School of Business to win the 2018 Clapp IDEA Competition, defeating more than 100 other student teams. (Indiana University)
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The Economy
The European Union has asked President Donald Trump's administration to stop threatening it with tariffs on steel and aluminum. EU officials said this week they want to discuss trade - but not under such negative circumstances. (USA TODAY)
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The average rate for a 30-year fixed mortgage rose to 4.61 percent, up from 4.55 percent last week. That's the highest average rate since May 2011, according to Freddie Mac. (Bloomberg)
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Personal Finance
Banksgiving Founder Chris Banks has created programming designed to help African-American youths learn about financial literacy, including hands-on interaction to build literacy skills. (The Philadelphia Tribune)
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Corporate America
Retail stores must create tangible steps to tackle prejudice or risk severe damage to its brands - especially those that rely a progressive image. (Retail Dive)
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Government
Illinois Gov. Bruce Rauner is expected to sign an executive order this week guaranteeing that Blacks will get a fair share of state contracts including ads for the black press. (Chicago Crusader)
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Leadership
Canadian Prime Minister Justin Trudeau was recently awarded an honorary law degree from New York University, and during the ceremony he delivered a commencement speech that offered the audience of more than 10,000 three key ways to become a better leader. (Inc.)
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