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4 years ago
Youth Entrepreneurial Education is a program that targets youth from under-resourced communities. Its primary purpose is to help them develop economic thinking skills, intelligent risk taking, individual responsibility and leadership development. These are all attributes needed to start and maintain a business. Youth entrepreneurs have the ability to influence other youths because they can directly relate to each other. This is what makes this program very unique. Students from under-resourced communities deserve more exposure to such opportunities which will help them channel their energy tow...
4 years ago
Family businesses are extremely important and are viewed as economically significant business entities. These types of businesses might be small but they make up a large portion of businesses within most countries. In the United States, family-owned businesses are the backbone of the economy because studies have shown that about 35 percent of Fortune 500 companies are family-controlled. Additionally, they account for 64 percent of the nation’s GDP and generate 62 percent of employment. In North America, family ...
4 years ago
I am currently taking an online course on family business and management. As I expected, one of the major issues revolves around stress and how best to cope with it, especially when dealing with family members in the workplace. Stress in the workplace is practically inevitable throughout one’s whole working career. From time to time, we will all experience extreme amount of stress at work. Too much stress can significantly impact work rate, performance, quality of work and even career path. With the average workweek now around 47 hours, workers will encounter more stress. To deal with stress,...
4 years ago
Graduating college is a time of mixed emotions for the graduates. For some, it is recognition of hard work, and accomplishment. Then there is the anxiety of what awaits them in the real world. In today’s labor market, it is very likely that some graduates will. 73 percent of hiring managers say colleges do not completely prepare students for the workforce. This raises concerns about the gap between education and the workforce. Bolstering higher education wi...
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4 years ago
The success of any organization depends highly on its leader and their approach to leadership. Mistakes are inevitable in the workplace but if a leader causes it, the consequences could be huge. While some leaders might blame others for an error, others can blame outside factors. According to researchers, leaders that act in such manner are less effective than those who own up to their mistakes and work on improving and resolving the issue so it does not occur again. This is termed as “defending”. According to research conducted by former EdLabber Adam Mitchinson and his team here at Teac...
4 years ago
Technology is constantly evolving, which means there are always new skills to learn. The industry evolves quickly and the information decay rate is 30 percent a year according to Research in Labor Economics. In order to keep up with the emerging technologies, continuous learning must occur and this will benefit individuals and the organization. Below are six skills that are vital and relevant for all to learn at the moment. Coding This is the number one skill in demand in the world. It has become an important skill and the advantage regarding coding is that there are many w...
5 years ago
Civil activists have criticized big tech companies for having a low representation of minorities and lack of diversity in their work force. Most of the workforce at companies such as Google and Apple are predominantly White and Asian men. As a result of this, Intel allocated $300 million in an effort to increase diversity. If this ends up being a success, the population of women, Blacks and Hispanics could possibly increase by 14%. The $300 million will be used in the n...
5 years ago
With the rise of online business degrees and growth of the startup culture, it seems it is easy and essential to have a MBA to succeed in today's business and startup worlds. However, what is the real value of an MBA? Top business leaders discuss their views on the value of an MBA here. Do you agree? What do some of their conclusions say about the future of business schools?
5 years ago
Companies in the market are constantly competing against each other to provide the best customer satisfaction. The whole purpose of building a competitive advantage is so competitors will find it difficult to match or counter. This is often involved with long-term businesses. There are several ways competitive advantage can be developed and here are a few tips: Strategic leadership where a vision and mission statement is developed. Core competencies that customers want must be developed and must be hard to...
5 years ago
The burden of college expense does not only come from tuition as widely expected. The amount of money spent on books, room and board and food at the end of four years or more in school is cumulative. There are other ways to fund a college education for those who fail to land a scholarship. Loans, and grants are viable options. However, paying for these loans after college continues to be a challenge for most since wages and salaries have remained stagnant. Wh...