Inc.'s inaugural list of founder-friendly private equity firms highlights shops that treat entrepreneurs as partners and operators – rather than as part of the furniture. (Inc.)
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If you've been at your job in the same role for an extended period of time, it may seem harder to move up the corporate ladder. Afterall, the higher you rise, the more competitive it becomes. But here are some strategies from career experts on how to better position yourself for those executive job openings. (Monster)
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Companies are spending large amounts of money investing in ways to help more closely link people to each other. But no matter how much technology is incorporated, deep down, what most people seek is joy – it's a big part of what connects us all. But can the joy that is prevalent in many championship sports teams be replicated in business? (Harvard Business Review)
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Asana’s head of global community shares his tips for staying sane at work, and why it’s essential to tell yourself that you’re not that important. (Fast Company)
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Gender equality and diversity is a critical component for corporations, and those with ambitious strategies realize that gender equality benefits everyone in the company and should remain a top priority. (Entrepreneur)
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In late June, the Trump administration announced a plan designed to invigorate business on the continent of Africa. Countering Chinese and Russian influence in Africa remains a top priority for the U.S., but some experts believe that the most prudent way to win over African leaders and citizens is by demonstrating that American officials truly care about Africa’s well-being. (International Policy Digest)
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The Bank of England has cut its forecasts for UK growth over the next two years, and is also warning that a no-deal Brexit would hit the economy and trigger a further drop in the value of the pound. (BBC)
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The Thurgood Marshall College Fund and Hennessy have announced the selection of the 10-member inaugural cohort of the newly formed Hennessy Fellows program, and 10 MBA students from Historically Black Colleges and Universities have been selected. The program annually will select high-achieving, high-potential HBCU graduate students and give them soft-skill resources, corporate-development experiences and financial assistance. (Diverse Issues in Higher Education)
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Boston University will launch an online MBA program in the fall of 2020. The business school will work with edX, the Cambridge nonprofit, and use its online platform to distribute class materials and interact with students. (Boston Globe)
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Don’t miss this year’s Scale-Up Pitch Challenge hosted by Mathew Knowles, Phd, Founder & CEO of Music World Entertainment. The final three competitors will ladder up for a chance at winning a total prize pool of $50K.
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For the first time since 2012, the iPhone, Apple's premier product, has accounted for less than half of the company's total revenue in one of its fiscal quarters. Its overall revenue also increased for the quarter. But because its most popular products are tied to the iPhone, experts say Apple needs to find a way to bridge the gap with Android users to continue its growth. (Business Insider)
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As a part of his continuing effort to fund his space venture, Amazon CEO Jeff Bezos sold approximately 960,000 shares of stock earlier this week – valued at more than $1.8 billion. (CNN)
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The legal marijuana business is a market that people of color have struggled to break into. Only 4% of licensed cannabis companies nationwide are owned and operated by African Americans. For people of color, there are a lot of unique barriers to entry — from a lack of generational wealth and connections, to past history with what’s been an illegal drug. (St. Louis American)
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Over the next three years, e-commerce retail sales are expected to grow by 256 percent according to Statista, which would then account for 17.5 percent of the global retail market. But Size Up founder and CEO Chase Campbell believes there are ways brick-and-mortar stores can still have success. (Entrepreneur)
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Check the fine print when you're checking out the potential settlement from Equifax. The company has agreed to offer people 10 years of free credit monitoring or up to $125 if they were among the 147 million Americans whose data was stolen in 2017. However, the cap is $31 million, and if too many accept that money, the payout will be far less than $125. (The Washington Post)
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If you're living paycheck-to-paycheck, or sometimes can't pay some of your bills, you might consider yourself poor – at least by your own personal definition. But what about by the government's definition? The U.S. government has very defined perameters for the definition of poverty – and it's complex. (U.S. News & World Report)
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Despite his reluctance to do so, on Wednesday Federal Reserve Board Chair Jerome H. Powell announced a quarter percentage point reduction in the interest rate – a move that was necessary because of a global growth slowdown. But financial experts say the decision allows President Donald Trump to continue waging his trade war without suffering full consequences. (The Washington Post)
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The sale of the photo archive of Ebony and Jet magazines chronicling African American history is generating relief among some who worried the historic images may be lost. However, it has also caused great sadness among many because the images, which include photos of Emmett Till in 1955 after he was murdered and ones documenting the rise of the Rev. Martin Luther King Jr., won't fully be in the hands an African American-owned entity. For more than half a century, Ebony and Jet – owned by Chicago-based Johnson Publishing – stood as the epitome of a black-owned business. (The Commercial Dispatch)
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August 1, 2019
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