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Business schools are supporting the LGBTQ+ community more than ever before. According to the Graduate Management Admission Council (GMAC)’s 2022 application trends survey, 47 percent of full-time MBA programs in the U.S. conducted special recruitment outreach to the LGBTQ+ community. This is up from 31 percent in the same survey in 2019. Last year, GMAC announced the GMAT™ Talent and Opportunity Scholarship. This scholarship is aimed at financially supporting individuals from underrepresented communities, including those from the LGBTQ+ community, who want to attend business school. This scholarship is just one of the many new initiatives GMAC has introduced to support LGBTQ+…

In recent years, many public colleges and universities around the country have announced double—digit increases in tuition. The recession and the resulting squeeze on state revenues are the immediate causes. However, the short-term crisis should not be allowed to obscure a longer-term shift in state financing of higher education, which began more than a decade ago. As states have struggled to respond to other demands on their budgets—primarily due to rising state Medicaid obligations—parents and students have been asked to pay an increasingly large share of the costs in public higher education. Public colleges and universities should not expect much…

In this paper, Betsy Stevenson and Justin Wolfers report that trust in public institutions, particularly in banks, businesses, and government, has declined in recent years. Time series evidence from the US suggests that this partly reflects the procyclical nature of trust in financial institutions. Comparing countries reveals a clear legacy of the Great Recession, with the countries where unemployment increased the most suffering the greatest losses in trust in institutions, particularly in government and the financial sector. Finally, repeated analyzes of trust within U.S. states across multiple cross-sections yield similar qualitative patterns, but the magnitude of the response to state-specific…

Many ambitious graduates tend to rush into their careers, and years later, they may view their time on campus as a fond but distant memory. But for many of his UCI alumni, the campus is a place where their entrepreneurial spirit is awakened and nurtured in a way that allows them to pursue their career and business dreams even after graduation. Perhaps what they remember most is UCI's ANTrepreneur Center, founded in 2014 and now an inclusive hub for innovation, where entrepreneurship is not only encouraged, but also a model for success. It is also a research institute that forms…

Middle management. It’s far from the most cherished slice of an organization these days, since many companies stopped meaningfully investing in this group decades ago. And the job itself can be tough. McKinsey recently conducted a survey of middle managers that revealed how often they find themselves mired in administrative tasks rather than focusing on the work that makes an organization run: nurturing talent. Despite these obstacles, the role remains one of the most important in any company. Top-performing middle managers create strong relationships that enhance team performance and drive effective operations. They help turn an organization’s vision and strategic goals…

The Uber mission statement is “to provide transportation as reliable as running water, everywhere, for everyone.” And the Uber vision statement is “to ignite opportunity by setting the world in motion.”  Uber Technologies, Inc., has achieved remarkable success since it was founded in 2009, quickly growing from a local transportation service to an international network firm providing services across 90 countries globally. The company’s goals and methodologies are outlined in its mission and vision statements, which have been highly influential in creating and sustaining Uber’s reputation as a leader in the transportation industry. The vision statement of Uber points to…

The Uber mission statement is “to provide transportation as reliable as running water, everywhere, for everyone.” And the Uber vision statement is “to ignite opportunity by setting the world in motion.”  Uber Technologies, Inc., has achieved remarkable success since it was founded in 2009, quickly growing from a local transportation service to an international network firm providing services across 90 countries globally. The company’s goals and methodologies are outlined in its mission and vision statements, which have been highly influential in creating and sustaining Uber’s reputation as a leader in the transportation industry. The vision statement of Uber points to…

The Nordstrom mission statement is to “continue our dedication to providing a unique range of products, exceptional customer service, and great experiences.” And the Nordstrom vision statement is, “We believe fashion is a business of optimism, and in that spirit, we continue to grow and evolve. Free shipping and free returns, mobile shopping, and exciting new retail partnerships offer us continued opportunities to serve more customers in more ways with a fresh, relevant shopping experience and inspiring style. Fashion changes. Shopping changes. Our commitment to happy customers doesn’t.” In 1901, John Nordstrom and Carl Wallin founded the now-renowned Nordstrom Corporation…

The Samsung mission statement is “We will devote our human resources and technology to create superior products and services, thereby contributing to a better global society.” And the Samsung vision statement is “to inspire the world with our innovative technologies, products, and design that enrich people’s lives and contribute to social prosperity by creating a new future.”  The Samsung Group, a global powerhouse boasting more than 80 subsidiaries, has achieved an incredible level of success in terms of revenue. Founded in Korea as an export and trading venture in 1938, the company has grown exponentially due to its ambition —…

letter from publisher Josh Schimmels This year's 2023 Women's Leadership Symposium & Awards, held at the InterContinental Los Angeles Downtown on Wednesday, June 28, was a half-day event of inspiration, education, and recognition. Los Angeles' top businesswomen will share their wisdom through a series of dynamic discussions at a breakfast symposium, highlighting their accomplishments in their industries, achieving effective leadership, expanding their talent pool, work-life balance, and supporting the nonprofit community. We covered themes such as support. Supporting other businesswomen and so much more. The afternoon session was a vibrant luncheon recognition program celebrating the outstanding achievements of women making…