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Black MBA NetWire
arrows October 19, 2017
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The way you perceive yourself at work may or may not be accurate. To determine exactly where you stand, you need to do a self-assessment and evaluate where you are in good stead and where you need to improve. Here are five area where you can identify areas of improvement. (CNBC)
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Want to make the list of Forbes richest people? Then you need your net worth to be at least $2 billion - an increase from $1.7 billion last year. Among the 400 riches people in America on the Forbes 2017 list are 22 who made the list for the first time, 14 of whom are entrepreneurs. (Forbes)
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Based on new research gathered from discussions with more than 1,000 CEOs around the world, researchers have discovered that generally CEO managers who are hands-on in style are less effective than those who operate from a more high level. (Harvard Business Review)
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CVS Health Corporation
Career
In 2017, job candidates are waiting longer on average to make it through the job interview process, research conducted by Glassdoor has revealed. (Society for Human Resource Management)
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Many employees desperately want to work from home, but convincing employers to allow that isn't always easy. But a recent study conducted by Stanford business professor Nicholas Bloom suggests the performance of employees who work from home may be better than that of employees in the office. (The Muse)
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Principal Financial Group
Diversity in the Workplace
Women and people of color still hold few leadership positions at large American companies. Among the 500 highest-grossing firms, 6.4% have female CEOs. And while that's an increase of 4.2% last year, it still means there are only 32 female CEOs in the set. And not a single one of those women is African-American. Across S&P 500 companies, 21% of board members were female in 2016, inching up from 20% in 2015.
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Risha Grant, founder ofRisha Grant, LLC, the only award-winning, full-service diversity communications firm in Oklahoma, explains how increasing diversity and inclusivity int he workplace requires conversation. (Business2Community)
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International
For weeks, thelines to get cash, food, water and gas in Puerto Rico have been exceedingly long. However, banks have had a harder time reopening than other stores.Nearly 80% of gas stations are open, and 90% of supermarkets. But only 203 of 314 bank branches on the island are open, according to government figures. (CNN)
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Lockheed Martin
Education
In the book The Future MBA: 100 Ideas for Making Sustainability the Business of Business Education, Giselle Weybrecht tackles the idea of how to create a business school that moves the needle forward on sustainability issues. Rather than a roadmap for implementation, the 100 ideas are meant to be a source of inspiration, as each business school is unique. Some ideas could be put into practice tomorrow while others would require a complete rethinking of the way we view management education. (Corporate Knights)
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NBMBAA
The workforce development nonprofit Year Up has announced its partnership with the National Black MBA Association® (NBMBAA®), a national organization with over 10,000 members dedicated to the creation of educational opportunities and economic growth for Black professionals. With this strategic partnership, Year Up alumni and staff will receive the opportunity to access memberships to join NBMBAA® in support of professional development opportunities including conferences and scholarships. To support Year Up’s programs, NBMBAA® chapters in Year Up markets will partner with Year Up to provide mentors, guest speakers, and other volunteers. (prweb)
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PHL, the business development division of the Philadelphia Convention and Visitors Bureau, is celebrating 30 years of helping to bring diverse convention business to Philadelphia. Among the 31 diversity-related events PHL helped secure over the past year was the 2017 Annual Conference & Exposition Presented by NBMBAA® & Prospanica®. (The Philadelphia Tribune)
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Hilton Worldwide
Technology
Nuzzel, the smartphone app that since 2014 has made finding the news your friends share on Twitter and Facebook easier by stripping out everything - from cat videos to selfies - that isn’t news, is now doing the same for LinkedIn. (Fast Company)
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Entrepreneurship
Amanda Johnson and KJ Miller, co-founders of Mented Cosmetics have raised more than $1 million for their makeup line for women of color, becoming just the 15th and 16th African-American women to achieve that feat. (Forbes)
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Running your own company has great benefits, but can also be a complicated venture. However, if you struggle to stay abreast of your business finances - or you are new to the world of business ownership - here are some tips to to keep track of your business's financial health. (Business Because)
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The Economy
Treasury Secretary Steven Munchin, speaking on the eve of the 30th anniversary of the 1987 market crash, predicted stocks will plunge if Congress fails to overhaul taxes. (CNN)
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Americans have paid less at the gas pump for the past five weeks, and the cost of filling up could soon resemble the prices being charged before Hurricanes Harvey and Irma hit the United States. The fall is due to a combination of things, including peak driving season winding down and U.S. refining returning to normal after storm-related disruptions, analysts say, (USA TODAY)
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Personal Finance
With the advancement of technology, the internet and greater financial awareness, the African-American millennial generation has changed the way it makes, spends and saves its money. Managing finances and generating income is no longer reserved for a select few. (Black News)
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Black students who receive student loans for college are struggling to repay those debts at a much greater rate than those of other races. According to a recent study, black students typically owe more than they borrowed 12 years after entering school. (Market Watch)
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Professional Development
The National Black Business Owners Association has officially launched and has chosen Charlotte, N.C. as its home base. In addition to providing qualified business owners with the ability to obtain small business loans through its LOAN CONNECTIONS program, the organization proudly announces two additional inaugural programs, the PATHWAYS TO FUNDING PROGRAM and the NBBOA LOAN PREP ACADEMY.
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Leadership
A group of Texas entrepreneurs has formed an aid group that wants to address the political conflicts inherent in disaster relief on several levels. (Fast Company)
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