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Black MBA NetWire
arrows May 24, 2018
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Despite the myth that continues to be perpetrated, today's business school community couldn’t be further from the hedonist, male-dominated, Wolf of Wall Street stereotypes of old, writes BusinessBecause editor Marco De Novellis. (BusinessBecause)
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Remote work is becoming more common in America. For many people, it provides the flexibility an opportunity to return to the workforce that might not be available if they had to work in an office. And while it can be convenient, it can also cause problems because of a lack of structure. Here are some tips to keep you from losing track of your day. (The New York Times)
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That cracking you just heard is the sound of the glass ceiling breaking at the New York Stock Exchange as a woman became president of the financial market for the first time in its 226-year history. Stacey Cunningham, who started as an intern on the NYSE trading floor in 1996, will become the 67th president. (USA Today)
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Career
To get their next job — or keep their current one — some executives might need to take, and ace, a timed exam. There is a rising trend towards workplace tests designed to measure raw cognitive. (The Atlantic)
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The American Institute of Stress reports that stress is the nation’s top health problem. This makes sense, as mental capacity is highly valued in the workplace but can also be highly vulnerable. Having a holistic mental well-being strategy including prevention, intervention and protection is key to unlocking a workforce’s true potential. (Workforce)
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Diversity in the Workplace
The tech industry has struggled in the past not just to recruit, but to retain more diverse candidates. Recently, BeVisible’s #BeWokeSF, a conference in the Bay Area took place challenging Silicon Valley to do more than just hit certain diversity numbers. Their demand was that companies be intentional about going further than simply inclusion. (Black Enterprise)
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Artificial intelligence (AI) is gaining ground in all sectors of the workplace and some say the recruitment sector stands to benefit hugely. Can artificial intelligence help recruiters improve candidate diversity? (Onrec)
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International
IHS Markit’s Euro Zone Composite Flash Purchasing Managers’ Index (PMI), seen as a good guide to economic health, is showing that the Euro zone's economic growth slowed much more sharply than expected this month which along with weaker inflation suggests a stiffer policy challenge for the European Central Bank ahead. (Reuters)
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China is planning to scrap the limits it placed on the number of children a family can have. They are looking to fix the economic problems of a country with an rapidly aging workforce and a steep gender imbalance. Over the years, the U.S. and other Western nations have criticized China's coercive methods such as fines, sterilization and forced abortions. (Bloomberg)
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Naylor Association Solutions
Education
Students who don’t want to take the one-or-two years out of industry to complete their MBA degree don’t have to fret. Programs like Birmingham Business School’s 100%-Online MBA — the first of its kind to be accredited by AMBA — are leading the innovation. All you need is internet connection. (BusinessBecause)
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Fifty years ago, black students' four-hour sit-in in 1968 at the University of Washington led to big changes — the effects of which are still resonating today. (The Seattle Times)
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Technology
The General Data Protection Regulation (GDPR) comes into effect across the European Union on May 25, introducing much tougher rules on data privacy. The GDPR will give people more control over their personal data and force companies make sure the way they store data is safe. Any organization that holds data on people in the EU are subject to these rules regardless of where the country is based. (CNN)
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Only a few months into 2018 there has been an exponential rise in popularity, adoption and in trends such as virtual reality, blockchain and big data. These applications may inspire you to use these advancements in your own business. (Inc)
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Entrepreneurship
Trends show that a nationwide ecosystem of accelerators, investment funds and conferences are strengthening black business ownership. According to the U.S. Black Chamber of Commerce, "African-American businesses have grown at an exponential rate in the 21st century." (Entrepreneur)
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Two black men were arrested at a Philadelphia Starbucks last month while waiting for a meeting. The incident sparked widespread outrage, an apology from the chain, calls for a boycott and a national conversation about racial bias. Among the alternatives? A growing Oakland-based roastery and cafe, Red Bay Coffee, whose African American founder and CEO, Keba Konte, says he prioritizes diversity in hiring. (The Mercury News)
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The Economy
The 64th annual Fortune 500 list was released on May 21st. Totaling around $12.8 trillion in revenue and 28.2 million employees worldwide, these companies are the engine of both the U.S. and global economy. (Fortune)
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Professional Development
"Understand what matters to a particular group of listeners." Dorie Clark, marketing strategist and professor at Duke University's Furqa School of Business, provides strategies to help you craft a successful talk that resonates with diverse attendees. (Harvard Business Review)
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Corporate America
JC Penney CEO Marvin Ellison is leaving to be the head of Lowe's. Analysts say his departure could signal a lack of confidence in JC Penney — and in department stores in general — as he jumps ship to a more Amazon-proof business. (Business Insider)
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Medical emergency, burglary, physical assault. These are some of the only instances in which an employee should call 911. This is following their new policy of allowing customers to use restrooms and sit in cafes and patios even if they do not make a purchase. (The Washington Post)
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Leadership
"It’s hard to make better decisions faster when a company’s culture lacks trust and empathy," according to LinkedIn CEO Jeff Weiner. The following was adapted from the graduation speech given this week by LinkedIn CEO Jeff Weiner at Wharton’s graduation ceremony. A version has also appeared on LinkedIn. (Knowledge@Wharton)
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Lifestyle
Barack and Michelle Obama are ready to move into a new venture with Netflix. Netflix Inc. signed the former U.S. President and the former first lady to a multiyear deal to produce shows and documentaries for their streaming platform. (NPR)
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