The knock on most business leaders is that they don’t take the long view – that they’re fixated on achieving short-term goals to lift their pay. So which global CEOs actually delivered solid results over the long run? Our 2014 list of top performers provides an objective answer. (Harvard Business Review)
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Saying that he "clarified how to understand and regulate industries with a few powerful firms," the Royal Swedish Academy of Sciences has awarded the Nobel Prize in Economic Sciences to Jean Tirole, who teaches at the Toulouse School of Economics. He studies oligopolies, markets that are controlled by a handful of powerful (and interdependent) companies. (NPR)
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While thousands of health care workers seek to control the deadly virus in West Africa, and the Centers for Disease Control and Prevention and other medical professionals seek to prevent its outbreak in the United States, financial analysts and others have been trying to estimate – or "model," in Wall Street parlance – the potential effect on the global economy. (The New York Times)
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Americans’ expectations for the economy in October climbed to the highest level in almost two years as a pickup in hiring, falling gasoline prices, and low borrowing costs heartened households. A measure tracking the economic outlook climbed to 51 this month, the strongest since November 2012, from 41.5 in September, data from the Bloomberg Consumer Comfort Index showed today. The weekly sentiment index was little changed at 36.2 for the period ended Oct. 12 from 36.8. (Bloomberg)
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There are a lot of common misconceptions and varying opinions about the value of networking events. Some people love them while most people hate then. Some people think going to events is the only way to network and meet new people while others prefer other channels. It all depends on your needs and personality. (Fortune)
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Jobvite's latest social recruiting poll shows exactly what hiring managers are looking for when they check your Facebook, LinkedIn, and Twitter accounts. (Money Magazine)
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A mundane fixture of office life – the conference room – has become a flash point for tension and conflict. Meetings are multiplying while private office space shrinks. Booking systems break down under dueling meetings. Employees reserve conference rooms far in advance – just in case they need them. Colleagues fume when a previous meeting drags on, leaving them standing in the hallway. (The Wall Street Journal)
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When Scott Maxwell, founder of the venture capital firm OpenView Venture Partners, was working as a consultant at McKinsey in the early 1990s, he received what he considered to be an odd pep talk. Jon Katzenbach, then a director at the company, told Maxwell that when he was starting out back in the ’70s, everyone worked seven days a week at McKinsey. That was the culture. If you didn’t work that many hours, you weren’t pulling your weight. (Slate)
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Diversity in the workplace is often something employees say they want, but it turns out workers may actually prefer a homogeneous environment. That’s the finding of a new study on gender diversity in the workplace. So does diversity in the workplace matter? (WNUR Boston)
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Janet Kestin and Nancy Vonk, authors of Darling, You Can't Do Both argue that women will go further at work by putting the effort into "visibility," and offer some useful tips for succeeding in the spotlight. (Fast Company)
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When the news broke Tuesday that three scientists whose discoveries made practical household LED lighting possible had won the Nobel Prize in physics, most Americans probably thought of the LED screen in their TV, or perhaps about whether they might finally consider shifting to energy-efficient LED lighting in their homes. (LED, or light-emitting diodes, make use of treated or coated semiconductors to produce light. Blue LED lighting – the Nobelists' invention – was the missing ingredient that allowed the creation of LED lamps.) (NPR)
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Life without an address is hard and even dangerous. A nonprofit recently used mapping technology to help an Atlanta-sized Ghanaian city bring order to the chaos and improve public services. (Fast Company)
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Most of the top business leaders in the world do not have MBAs, according to a report released Tuesday, Oct. 14, by the Harvard Business Review. The magazine ranked chief executives on how much return their company’s shareholders earned on their investment and how much the CEOs increased their companies’ market values during their tenure. (Businessweek)
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What’s an MBA degree really worth? And how much more money does an MBA from Harvard, Stanford or Wharton get you over a career than one from Texas A&M, Ohio State, or the University of Iowa? Those are questions that perplex and confound many who are deciding whether to get the degree and, if so, where to get it from. Not everyone can get into the most highly selective business schools. So many candidates have to face the question over whether it’s worth getting the MBA from a second- or even third-tier school. (Poets & Quants)
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Tyrha Lindsey said she sings "Let My Light Shine" at the beginning of class to encourage her students "to remember the essence of who they are." For Lindsey, professor of business at Rutgers University in New Jersey, maintaining her sense of self has helped guide her through trials and tribulations in her corporate career as a woman of color. Through an opportunity with the KPMG Foundation, she now stands in front of a classroom with a mission to guide other students like herself as they enter the workforce. (Madame Noire)
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Imagine having "MBA" on your résumé. What about titles like "general manager" and "entrepreneur"? Think about all the opportunities that often come with this type of experience. Now, imagine having all these – yet you’re homeless and jobless. If it sounds impossible, think again. (Black Enterprise)
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"Corner Office Rules: 10 Realities of Executive Life, was sponsored by Accenture and led by Keith Wyche, president and CEO of Cub Foods and author of Corner Office Rules: The 10 Realities of Executive Life. Wyche has more than 30 years experience working for corporations including Ameritech, Convergys, AT&T, IBM, Pitney Bowes and SuperValu and has expanded his own professional brand as an author, speaker and thought leader. (Black Enterprise)
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When it comes to taking a good photograph, the human eye is still the best sensor. What happens to the image after that is probably something a machine can do just as well or better, especially given the massive number of images piling up in our photo albums today. And that's why the breakthroughs in the next era of imagery are going to be done by computers. (Fast Company)
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Where does the line between glorified pedometer and healthcare technology lie? If you found yourself pressing your smartphone to your face in the belief that the light waves from the app would cure your acne you're probably already familiar with the problem. And the makers of those (absolutely useless) apps were subsequently fined. (BBC News)
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In researching and learning about crowd funding, I kept running over the same basic advice. I've read countless articles on how to make great videos, pricing for campaign incentives and other general topics. However, after interviewing numerous crowd funding veterans, I've also found that there are a few 'tricks of the trade' that the most savvy crowd funding entrepreneurs are using to increase their rate of success. (Inc.)
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It’s an understatement to say that starting a business is hard: It’s excruciating. Some days, you’re on top of the world, and others? Everything collapses under your feet, and there is nothing you can do but simply "deal" with the sinking feeling in your chest. (Fortune)
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The most recent healthcare worker to contract Ebola flew on a commercial airplane shortly before being diagnosed. Even though authorities say it's unlikely she infected any of the 132 other passengers on the flight, the specter of Ebola being spread in the skies has already helped send down the stocks of the country's major airlines. (The Washington Post)
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By a lot of measures, the United States economy is looking pretty good right now. The unemployment rate has fallen below 6 percent for the first time in half a dozen years, and jobs are being added at the fastest rate since before the Great Recession. Things are looking better, that is, unless you turn your eye to Wall Street. (The New York Times)
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The stock market's bumping along near all-time highs, the housing market's rebounding in many places, and unemployment is down to its lowest levels in years. MarketWatch's Thomas Bemis discusses why despite all of this everybody feels so poor. (Video) (MarketWatch)
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Months before the start of the holiday season, Americans are keeping their wallets shut, a new survey finds. Two-thirds of Americans say they aren’t spending as much as they could each month, according to the poll released Tuesday by Bankrate.com. And they may keep spending down even as they enter the holiday season, says Greg McBride, chief financial analyst for Bankrate.com. (The Washington Post)
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Do you ever wonder why the wealthy would have a need for credit when they can probably just use cash? Well, it turns out that they still need to build and maintain healthy credit habits just like everyone else in order to manage and expand their wealth. Because they use credit to benefit themselves, they've learned to develop healthy credit habits. (NextAdvisor)
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Jim sits in front of his workstation with a grin on his face as he prints off his training certificate. It’s proof that he completed a compulsory four-hour online course on workplace safety; in reality, it only took Jim 18 minutes to click through the videos and pass the assessment with educated guesses. Does this sound familiar? It should. It’s typical of many companies’ approach to professional development, which is scary when you consider that U.S. companies spent more than $70 billion on corporate training in 2013. (Fast Company)
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On Monday, retailer JCPenney announced that Marvin Ellison will become the company’s CEO next summer, making him the first Black person to run a national retailer. Ellison, who is currently Executive Vice President – U.S. Stores at Home Depot, will become JCPenney President and CEO-Designee on Nov. 1 before ascending to CEO on Aug. 1, 2015. (DiversityInc)
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Yesterday, HBO announced a new Internet streaming service for 2015 that will let you watch shows without a cable subscription. Today, CBS announced a new Internet streaming service that will let you watch shows (not including the NFL) without a cable subscription. In less than a day, the most critically acclaimed network and the most watched network bet on the future of Internet TV. And just like that, the cable bundle has unraveled more in the last 24 hours than in the previous 24 months. (The Atlantic)
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Today's global, hyper-connected economy is being led by knowledge that it no longer takes complex corporate structures or massive factories to dominate. (Fast Company)
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A lot of people who think they understand leadership have fallen for some common myths and misconceptions. It's best to learn what these myths are so we uncover the truth.(Inc.)
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