
Top News
If newly-minted MBAs want a good shot at quick employment and salary jumps, they may want to turn their aspirations toward factory floors and away from trading floors. A survey of more than 3,000 graduate business students around the world, released Wednesday by the Graduate Management Admission Council, shows that grads seeking jobs in the manufacturing and healthcare industries were most likely to get early offers this spring. (Bloomberg/Businessweek)
Visit http://www.businessweek.com/articles/2014-06-04/more-manufacturing-jobs-going-to-mbas#r=nav-f-story to view the full article online.
Big data is a big part of your daily life whether you like it or not – or even realize it. When you visit the doctor, go to work or get directions on your mobile phone, there's a good chance there's software out there quietly collecting and analyzing that information. And depending on the situation, that could be a good or bad thing. Here are 10 examples of how technology is trawling your life, combing your digital refuse for something valuable. (Bloomberg)
Visit http://www.bloomberg.com/slideshow/2014-06-03/10-surprising-ways-your-daily-life-is-feeding-the-big-data-beast.html to view the full article online.
When a company’s planning and decision-making process involves a lot of meetings, discussions, committees, PowerPoint decks, emails, and announcements, but very few hard-and-fast agreements, I call that "decision spin". Decisions bounce around the company, from group to group, up and down the hierarchy and across the matrix, their details and consequences changing as different stakeholders weigh in. Often, the underlying problem isn’t an inability to make decisions – it’s a tendency to avoid conflict. (Harvard Business Review)
Visit http://blogs.hbr.org/2014/06/when-an-inability-to-make-decisions-is-actually-fear-of-conflict/ to view the full article online.
If you’ve been reading the same papers I have this week, then you’ve likely noticed a slew of housing headlines: Mortgage rates are falling. Home equity lines are booming. Hybrid loans are back. And sellers are chomping at the bit. This column is a round-up of sorts as we take a dive into each of them and explore what they mean to you. Is it really a buyer’s market? (Fortune)
Visit http://fortune.com/2014/06/05/depuzzling-the-confusion-of-americas-housing-recovery/ to view the full article online.
Career
With more than 40% of women taking some kind of break from their careers to care for their families, trying to jump start that career can be a daunting prospect. So how can they make the transition? One option is a paid internship. That's right – they're not just for college students anymore. (CNN/Money)
Visit http://money.cnn.com/2014/06/05/investing/women-career-job/index.html?iid=HP_River to view the full article online.
Diversity in the Workplace
Education
Over the past few years, business school administrators — like other university officials – have been losing sleep over Massive Open Online Courses (or MOOCs), worrying that these low-cost digital alternatives will cannibalize their business model. As elite business schools have started to offer their own courses through platforms like Coursera, commentators have pointed out that it’s now possible to cobble together an elite MBA for free. (Harvard Business Review)
Visit http://blogs.hbr.org/2014/06/moocs-wont-replace-business-schools-theyll-diversify-them/ to view the full article online.
The going is tougher for new graduates who are black, even if they studied high demand fields like engineering. A recent report from the Center for Economic and Policy Research titled "A College Degree Is No Guarantee" says that last year, about 12 percent of black college graduates between the ages of 22 and 27 were unemployed. For all college graduates in the same age range, that's graduates of all races, the unemployment rate was about half that. (NPR)
Visit http://www.npr.org/2014/06/04/318782243/theres-trouble-in-the-job-market-for-black-college-graduates to view the full article online.
NBMBAA
Every so often we find ourselves in all sorts of quandaries. It’s simply a part of life’s course. Join NBMBAA® as we provide practical steps to reset, refocus and recalibrate your reality and navigate the everyday compromises, sacrifices and adjustments across the eco-system of life.
The next NBMBAA Regional Symposium takes place July 17 at the Chicago Cultural Center. Tickets are $35 for students and $50 for members. Non-Members can attend at a special early bird rate of $75 until July 7. Tickets are limited, so register today!
Technology
Pew’s new survey report on the Internet of Things (IoT) and wearable computing, reveals growing concern about the technology sector’s cognitive privilege – a set of unrestrained assumptions, often based in power and influence, about how the world should operate. Many of the Pew survey’s expert respondents argue that there’s considerable risk to societal well-being if these privilege-based assumptions from the tech sector were to guide the design and development of the Internet of Things over the next decade. (Harvard Business Review)
Visit http://blogs.hbr.org/2014/06/5-hidden-assumptions-of-tech-privilege/ to view the full article online.
The Economy
There’s no denying that something weird happens when a country slips into recession – all the same factories and offices and people and ideas are there, but suddenly people aren’t producing as much stuff. Why? John Maynard Keynes, Friedrich Hayek and Irving Fisher wrestled with this question in the 1930s, and their work kicked off a decades-long quest to understand what we now call the business cycle. But almost a century later, despite sending some of our best brains up against the problem, we’ve made frustratingly little progress. (Bloomberg)
Visit http://www.bloombergview.com/articles/2014-06-05/what-happens-when-the-economy-baffles-economists to view the full article online.
Personal Finance
If middle-class goals – buying a house, putting the kids through college, having a secure retirement – haven’t changed over the past few decades, achieving them has gotten harder. Middle-class incomes have stagnated while the costs of higher education, health care and housing have skyrocketed, and private pensions have slowly disappeared. The recession wreaked havoc on jobs and home equity, the latter one of the biggest sources of middle-class savings. More than three-fourths of middle-class adults believe it is more difficult now than it was a decade ago to maintain their standard of living, according to a 2012 study by the Pew Research Center. (Kiplinger's)
Visit http://www.kiplingers.com/article/saving/T037-C000-S002-making-it-in-the-middle-class.html to view the full article online.
Fortunately, times are changing. Moms still make up the vast majority of stay-at-home parents, but fathers represent a growing share, according to a new Pew survey. In 2012, 16 percent of stay-at-home parents were dads, up from just 10 percent in 1989. That’s a somewhat positive storyline, but these dads’ reasons for being at home aren’t as uplifting. (The Atlantic)
Visit http://www.theatlantic.com/business/archive/2014/06/the-rise-of-the-poor-stay-at-home-dad/372227/ to view the full article online.
Corporate America
A few months ago, online shoe retailer Zappos did away with job titles for its 1,500 employees. Now, the company is taking the ax to job postings. Zappos, based in Las Vegas, plans to hire at least 450 people this year, but candidates won't find out about those jobs on LinkedIn.com, Monster.com or the company website. Instead, they will have to join a social network, called Zappos Insiders, where they will network with current employees and demonstrate their passion for the company – in some cases publicly – in hopes that recruiters will tap them when jobs come open. (The Wall Street Journal)
Visit http://online.wsj.com/news/articles/SB10001424052702304811904579586300322355082?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304811904579586300322355082.html to view the full article online.
Leadership
Major General Marcia Anderson joined the military by accident 35 years ago, when she signed up for a Reserve Officer Training Corps class because she needed a science credit as a student at Creighton University. She decided to make it her career roughly eight years later, after an incident illustrated to her how much the military needed more female leaders. (The Washington Post)
Visit http://www.washingtonpost.com/blogs/on-leadership/wp/2014/06/03/getting-more-women-into-army-leadership/ to view the full article online.
When thinking about the qualities of great leaders we might use terms like vision, ambition, discipline, and inspiration. But leadership is also about restraint and knowing when to quit. As a young Navy SEAL, my first combat deployment was to Iraq in the spring of 2003. No one in my platoon had any combat experience. Before moving into Iraq we spent a few weeks of preparation at Ali Al Salem Air Base in Kuwait. (Inc.)
Visit http://www.inc.com/brent-gleeson/how-great-leaders-know-when-to-quit.html to view the full article online.
Lifestyle
Mental rest is like a dose of super foods for your brain. Without it, you may survive, but you will never excel. We all have an awareness of this fact, but when we know that working has resulted in success, it can be difficult to impossible to choose to stop working, even if we know that doing so would be good for us. (Entrepreneur)
Visit http://www.entrepreneur.com/article/234376 to view the full article online.
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