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Black MBA NetWire
arrows February 1, 2018
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Media mogul and billionaire Oprah Winfrey turned 64 this week. Over the course of her career as a journalist, talk show host, and entrepreneur, she has inspired and empowered millions of people. During an interview this week, she offered 10 pieces of advice or wisdom she believes are critical to success. (Forbes)
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Challenger, Gray and Christmas - an employment consulting firm - estimates the flu virus will cause a million adults to miss at least four, eight-hour shifts this year. At an average hourly wage of $26.63, the firm said that works out to about $9.4 billion in lost productivity nationwide. (USA TODAY)
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One of the hottest forms of technology operating in the business world is Blockchain. Companies are in a race to learn more about it, and how they can utilize it for help their businesses. (Business.com)
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CVS Health Corporation
Career
It's not easy asking for a promotion, even if you sincerely believe you deserve it. However, once you decide you're ready to move to the next level, it's critical to have a plan that will increase your chances for success. How do you prepare for that conversation with your boss? What information should you have? And how exactly do you make your case? (Harvard Business Review)
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When you're touting yourself on your resume, it's perfectly understandable to highlight all of your abilities, the skills you possess, the teams you've managed and the tasks you're especially good at. But there are some key words that immediately indicate you have leadership potential. (The Muse)
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Diversity in the Workplace
To really tap into the benefits of diversity and inclusion, CEOs can encourage their organizations to look beyond traditional diversity categories. A workplace that fails to adapt to the needs of different age groups, personalities, individual qualities and work styles will likely find efficiency and performance suffer. (Chief Executive)
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Although CEOs nationwide are coming up with programs that promote the importance of diversity and inclusion, there is no evidence that their efforts are able to turn those ideas into measurable results. Complicating matters is the fact that only 3% of Fortune 500 companies share their full diversity data. Is there a way to ensure a diversity program actually has longevity? (Forbes).
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International
Despite U.S. gains, the European economy is expanding more rapidly. Among the 19 countries that utilize the euro as currency, economic growth was 2.5 percent in 2017, according to data released this week. Growth in the European Union, which comprises 28 members, also was 2.5 percent. (CNN)
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Business leaders in Asia are feeling relieved that President Donald Trump did not use his State of the Union address Wednesday night to declare a trade war with China. (BBC)
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Education
Google has plans to expand its on-campus program with Howard University, and will also add more students from other colleges and universities next fall. (Silicon Valley Business Journal)
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NBMBAA
The NBMBAA Cleveland Chapter and targeted corporate partners — ranging from large local banks, real estate firms, health care institutions and technology companies like OEC — allotted over $10,000 in a 2017 scholarship fund to help offset college costs and incentivize more career diversity. (Crain's Cleveland Business)
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Hilton Worldwide
Technology
Can't wait for the big Super Bowl game Sunday? Not a fan of football at all? Wherever you stand on the subject, there are deals to be had on televisions and other tech gadets during Super Bowl week. (CNN Tech)
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Entrepreneurship
Experts say entrepreneurs need to keep a network of peers that can help them successfully run their businesses, and become better leaders along the way. (Forbes)
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A fund managed by Japanese billionaire Masayoshi Son is investing $300 million in the startup company, Wag. A Los-Angeles-based start-up company, Wag is an app which lets users summon someone to walk their dog. (The New York Times)
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The Economy
The N.F.L. helps secure new stadiums with lure of the potential of hosting a Super Bowl as a benefit - possibly bringing in millions of dollars for the host city. But economic experts are now disputing whether cities will benefit as much as they might think. (The New York Times)
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Statistically, President Donald Trump's insistence that the current African-American unemployment rate is at a record-low is true. According to data from the Bureau of Labor Statistics (BLS, it was 6.8 percent in December 2017 - the lowest unemployment rate since 1972. But how much can be attributed to Trump is much more complicated. (Fortune)
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Personal Finance
It is IRS refund time and what you do with your tax refund will reveal a lot about you. How we regard that refund could very well determine how we treat it: spend, save or invest. (Forbes)
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Government
Federal Reserve Chair Janet Yellen oversaw the final meeting of her tenure, leaving the post by leaving interest rates unchanged. (Bloomberg)
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Leadership
There is a vast upside to human leadership. As data from McKinsey & Company shows, when employees are intrinsically motivated, they are 32% more committed and 46% more satisfied with their job and perform 16% better. (Harvard Business Review)
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As he prepares for his final days as CEO and chairman of credit card giant American Express, Kenneth Chenault, one of only a handful of Black CEO's in America, reflects on the triumphs and disappointments during his 37-year career with the company. (The Associated Press)
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