
Top News
Like millions of travelers this winter, Billy Bauer has felt the full effects of the nation’s cold weather. Mr. Bauer, the marketing director for the leather-goods company Royce Leather in Secaucus, N.J., had a critical sales meeting jeopardized when snow stranded him in Montreal in December. (The New York Times)
Visit http://www.nytimes.com/2014/02/11/business/when-commerce-is-grounded.html?ref=business to view the full article online.
Becoming an entrepreneur is a daydream for millions of people. After all, starting your own company is an opportunity to become your own boss, chart your own destiny, and maybe make a fortune. But is the reality always rosy, even if your business flourishes? Here 10 successful entrepreneurs talk about the downsides of their jobs. It doesn't sound easy. (BBC News)
Visit http://www.bbc.co.uk/news/business-26030270 to view the full article online.
Establishing Black History month was a significant achievement, but the next step is to snatch history from the wind and plant it in the personal narratives of black Americans. The names subjected to rote February recitations intersect with personal, everyday stories. Black Americans should use the month as a time for deeper, and more public, exploration of their own journeys in an attempt to combat the lazy labels plastered on the black experience. (The Atlantic)
Visit http://www.theatlantic.com/national/archive/2014/02/black-history-month-isnt-making-life-better-for-black-americans/283767/ to view the full article online.
Career
Making friends at the office has never been more rewarding. Armed with reams of new data, companies including giants Procter & Gamble Co. and Cisco Systems Inc. are seeking out "influencers," or those among their employees who are particularly well-connected and trusted by their peers. (Wall Street Journal)
Visit http://online.wsj.com/news/articles/SB10001424052702303874504579375313680290816 to view the full article online.
Work/life balance is at best an elusive ideal and at worst a complete myth, today’s senior executives will tell you. But by making deliberate choices about which opportunities they’ll pursue and which they’ll decline, rather than simply reacting to emergencies, leaders can and do engage meaningfully with work, family, and community. They’ve discovered through hard experience that prospering in the senior ranks is a matter of carefully combining work and home so as not to lose themselves, their loved ones, or their foothold on success. (Harvard Business Review)
Visit http://hbr.org/2014/03/manage-your-work-manage-your-life/ar/1 to view the full article online.
Recently, I wrote a column with tips on how to start a great day. What I neglected to mention is that the best way to make sure your day has a solid start is to have a great ending to the day before. If you finish your day stressed and worried with lots of loose ends, it will impact your time at home as well as your sleep. String a few of these unhappy endings together and you'll watch your productivity plummet like a rock. (Inc.)
Visit http://www.inc.com/kevin-daum/want-to-be-truly-productive-end-each-day-like-this.html to view the full article online.
Diversity in the Workplace
In the ongoing fight to raise the minimum wage in the U.S., advocates of a nationwide hike often refer to a few notable dates to highlight how long it's been since the hourly rate has changed. 2009: When Congress last raised the federal minimum wage to $7.25. 1991: The last time Congress raised the federal minimum wage for tipped workers to $2.13. Well, here's another: 1938, the last time Congress addressed how disabled Americans are paid. At the time, the legislature decided disabled Americans ought to be exempt from receiving the federal minimum wage. (Fortune)
Visit http://management.fortune.cnn.com/2014/02/12/disabled-workers-left-in-the-cold-on-minimum-wage/ to view the full article online.
International
It's a union that's lasted 310 years, but England and Scotland could be heading for the divorce courts later this year. Arguments over money tend to generate the most heat in any separation, and the possibility of a Scottish vote for independence in September is already sparking a furious row between London and Edinburgh. (CNN/Money)
Visit http://money.cnn.com/2014/02/13/news/scotland-independence-money/index.html?hpt=ibu_c2 to view the full article online.
Education
Business school professors at top institutions are under intense pressure. And it comes from all sides – the publish-or-perish demands of academia, the university administrators wrapped up in rankings, and ambitious students determined to squeeze every cent out of a $100,000+ investment. Young professors face added stress: Most are decades younger than their tenured colleagues and only a few years older than their students. They have to prove themselves to MBAs, faculty, and peers in their respective fields. (Poets & Quants)
Visit http://poetsandquants.com/2014/02/12/the-40-best-b-school-profs-under-40/ to view the full article online.
NBMBAA
NBMBAA's new website is almost ready to go live. Go in today and update your profile to take advantage of new features, like a résumé review and score! And while you're updating, why not take the time to give your résumé a quick refresh. Whether you're actively job hunting, or just keeping your network active, a current, vibrant résumé is key to ensuring your future success.
With thousands of applicants applying for the same jobs, recruiters are only spending an average of six (yes, that's 6!) seconds scanning your résumé, Making it past those few seconds is critical.
Click here for tips on refreshing your résumé and login to your NBMBAA member account to update your profile.
Not yet a member of NBMBAA? Join today!
Technology
At weddings, guests tweet real-time of the festivities to friends far away. At sporting events, fans follow scores of games in other cities. In classrooms, students text with friends in other classes and parents out in the world. At funerals, mourners to pals in other places. Everyone, it seems, is interacting more with people who are elsewhere – and less with the people around them. (NPR)
Visit http://www.npr.org/blogs/theprotojournalist/2014/02/11/268876281/we-are-just-not-here-anymore to view the full article online.
Don’t mock the beleaguered Nook owner. That could have been you. Five years ago, when the nation’s largest chain of bookstores released an e-reader that it promised would best Amazon’s Kindle, could you blame the poor souls who bought in to Barnes & Noble’s vision of the future? In 2011, Consumer Reports proclaimed the Nook the best e-reader in the land, saying it surpassed the Kindle in just about every way. Well, that sounds pretty definitive, doesn’t it? No wonder your aunt bought you one for Christmas. (The New York Times)
Visit http://www.nytimes.com/2014/02/13/technology/personaltech/how-to-survive-the-next-wave-of-technology-extinction.html?ref=business to view the full article online.
Entrepreneurship
My company, WordStream, signs up several new clients every day, but it – it could take weeks or even months to sign up a customer. When you're small and not established, people are less inclined to give you a chance for that very reason: you're small and not established. It's a vicious cycle! But if you don't happen to be as big as you would like (yet), you can still portray a greater image of your brand and instill confidence in potential clients. (Inc.)
Visit http://www.inc.com/larry-kim/simple-ways-to-make-your-small-business-seem-big.html to view the full article online.
The Economy
Social justice demands a minimum wage of more than $20 an hour. Economics won’t allow for one much higher than $10. The way out of the dilemma is to acknowledge that the minimum wage is being called on to do more than it reasonably can. A minimum-wage job shouldn’t be any family’s primary means of support, yet in many cases it is: In 2012, 76 percent of workers earning $7.25 an hour or less were aged 20 or older. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/articles/2014-02-13/making-the-economic-case-for-more-than-the-minimum-wage#p3 to view the full article online.
Personal Finance
The pattern with credit- and debit-card breaches tends to go something like this: A company like Target or Neiman Marcus announces that thieves may have stolen your card numbers or other information, then the company offers a year of credit-monitoring. But the chastened keeper of your personal data rarely if ever offers to pay for the most potent protection of all: A security freeze on the files that the three big credit bureaus keep on you. (The New York Times)
Visit http://www.nytimes.com/2014/02/11/your-money/a-line-of-defense-against-the-theft-of-personal-data.html?ref=business to view the full article online.
Corporate America
Chief Executive Officer Howard Schultz says his company has no interest in vertically integrating. Starbucks annually buys more than half a billion pounds of "green" (unroasted) beans – about 3 percent of the world’s supply – from more than 300,000 growers. On its own, Alsacia couldn’t keep Starbucks’ 20,000 stores going for even one day. Starbucks bought Alsacia because coffee is under siege. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/articles/2014-02-13/to-stop-the-coffee-apocalypse-starbucks-buys-a-farm#p1 to view the full article online.
Government
The GOP has a new strategy for turning African Americans into Republicans. Mostly, it focuses on proving that some African Americans already are Republicans. In Michigan, the GOP recently hired an African-American talk-show host to serve as "director of African-American engagement." For Black History Month, the RNC is airing commercials that "share the remarkable stories of black Republicans." Last March, in its "autopsy" examining why Mitt Romney lost, the RNC presented a 10-point plan for winning more black votes. None of the 10 involved policy. Five of them involved recruiting more African-American staffers, spokespeople, and candidates. (The Atlantic)
Visit http://www.theatlantic.com/politics/archive/2014/02/why-the-republican-push-for-black-voters-is-mostly-doomed-to-fail/283811/ to view the full article online.
Leadership
It's a safe bet that when AOL chief Tim Armstrong's comment about the million-dollar price tag for saving "distressed babies" went viral, the resulting sound and fury sent a shiver through C-suites everywhere. "This really proves that there is no such thing as talking to just one audience anymore," says Michael Maslansky, head of communications firm Maslansky & Partners. "Everything you say is public now." (Fortune)
Visit http://management.fortune.cnn.com/2014/02/13/pr-disasters-tim-armstrong/?iid=SF_F_River to view the full article online.
Effective leadership, like a good marriage, hinges on how you deal with the tough stuff. But addressing and resolving conflicts requires enormous mental and emotional strength, which is why many of us try to avoid it. When confronted with a problem or dispute, we either move away (flee the scene, rely on others for resolution), move against (quietly using positional power to quell opposing arguments) or move toward (make nice, give in). This is natural. (Harvard Business Review)
Visit http://blogs.hbr.org/2014/02/tackle-conflicts-with-conversation/ to view the full article online.
Lifestyle
Whether it fills you with dread or gets your adrenaline pumping, confronting a business about a problem with a product or service is a task that takes time and patience. Some companies have customer-service reps who are trained to ensure that you get satisfaction – up to a point. Others put you through phone-menu pinball, bouncing you around until you throw up your hands in frustration. Fortunately, even if you encounter the kind of business that hopes you give up and go away, with the right preparation, tools and mind-set, you have a good chance of getting what you want. (Kiplinger's)
Visit http://www.kiplingers.com/article/credit/T037-C000-S002-how-to-complain.html to view the full article online.
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