Business Coverage

 

Diversity goals met with foreign hires: Is globalization threatening U.S. Hispanic progress?

Globalization has expanded markets and changed American corporate culture through the inclusion of international professionals. It is proving beneficial to margins, but is it coming at the expense of U.S. minorities who struggle to gain access to management, executive, and board positions? It’s a question worth asking, and not everyone agrees on the answer.

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CEO Forecast: With cloudy economy, executives turn to government contracting

With the economy stumbling through a deep recession, America’s companies are undergoing radical and unprecedented change. Major industries are shedding employees at an alarming rate just to stay alive. Others, such as the bastions of the banking and auto industries, have sought and received federal bailouts worth billions of taxpayer dollars. Many companies have simply folded, casualties of the increasingly competitive marketplace. With the economy in turmoil, CEOs must possess a sense of urgency, a mind for innovation and a curiosity for taking a risk, as new business models emerge.

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Minority-owned companies struggling to obtain corporate contracts

The economic crisis facing the nation presents serious challenges to minority-owned suppliers seeking to land elusive corporate contracts. As it is, only three percent of contracts go to minority-owned companies, even though minorities comprise 38 percent of the United States population, and minority-owned companies represent 15 percent of the nation’s businesses.

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Hire Diversity: Three leading companies share recruitment strategies

Three of the 2008 Hispanic Business Diversity Elite are launching a host of initiatives to strengthen their minority recruitment efforts. Their best practices are worth a look.

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