BET Holdings, LLC, founded in 1990, began with a simple mission: to become the preeminent media company serving black consumers, and through the fulfilment of this mission, to create substantial value for its shareholders. Founded by Robert L. Johnson, former press secretary to congressional delegate Walter E. Fauntroy, and vice-president of government relations for the National Cable Television Association (NCTA), the Washington, DC based corporation used the contacts and available source information on the emerging cable television industry, and inspiration gathered on a fortuitous shared taxi ride to set the mission in motion.
After viewing a proposal shared by his fellow passenger, and discussing the possibility of a cable channel dedicated to American senior citizens, Johnson envisioned a different model of the same programming application. Reasoning that the national African American population offered a multibillion-dollar consumer market, Johnson saw lucrative potential. As quoted in Forbes, Johnson believed that "The idea for BET was not conceived out of idealism, but as a business opportunity that had been ignored." With permission from his fellow passenger, Johnson built his own proposal, and used it to secure a $15,000 loan from a Washington bank, and launched Black Entertainment Television with the planned hope of making his venture profitable within three years.
At the time of this launch, expectations for the cable industry itself were high: with many rural
The Business and Partnership Unit is client liaison team for of all existing and new partnerships with an ambition to deliver efficiencies and improve services. To evidence transparency of the Councils partnerships by implementing an approved monitoring regime. To provide
Across the nation, millions of Americans of all races turn on the television or open a newspaper and are bombarded with images of well dressed, articulate, attractive black people advertising different products and representing respected companies. The population of black professionals in all arenas of work has risen to the point where seeing a black physician, attorney, or a college professor are becoming more a common sight. More and more black people are holding positions of respect and authority throughout America today, such as Barack Obama, Colin Powell, Condelezza Rice and many other prominent black executives. As a result of their apparent success, these black people are seen as role models for many Americans, despite their race.
Lee's leadership model moved BET programming beyond hip-hop videos and reruns. She dug deeper and offered the viewer’s original movies, concerts, documentaries, late-night talk shows, news and public affairs. At a time when most broadcast and cable networks were stationary, BET experienced year after year of audience increase and high ratings. (www.encyclopedia.com/doc)
“Every society has individuals who are better positioned to take advantage of entrepreneurial opportunities, because of their relative access to opportunity structures, their greater native ability, or both. Entrepreneurs who successfully act on available opportunities move economies and societies to new stages of development” (Green and Pryde, 13). White males have made undeniably sure that they have always been the ones better positioned by oppressing blacks to the point where they form an inferiority-complex which far removes blacks from any opportunity to access any significant opportunity structures. Of course, strong individuals who do not acquiesce to this kind of oppression are able to achieve individual success, sometimes on levels rivaling their white counterparts, but the grater majority of blacks have fallen prey to such a powerful technique, which has led to the current status of black business - quite a dismal one.
A decade ago the Lehman Brothers were the fourth largest investment bank in America. Dealing with Investment banking and investment management, the Lehman Brothers was one of the largest global financial service providers. Consequently, the subprime mortgage crisis left the company filing for the declaration of the chapter 11 bankruptcy protections, due to the unnecessary undertaken risk and obnoxious negligence accusations directed towards the group. Companies should utilize observational and analytical pundit functions in identifying the presence of crisis situations to avoid an economic downturn in the business (Pontell, 2014). The fraud would have prevented through stronger and better internal controls, which
When a law enforcement officer or other public employee is accused of potentially criminal conduct, they may face three different kinds of interviews or interrogations. If an officer is interviewed as a criminal suspect, they have the absolute right to decline to answer any questions, or to insist that they have a lawyer of their choosing to attend the interview. The first is type is during a criminal investigation; the second is during a disciplinary investigation and finally during the course of civil litigation where there has been damages. During a criminal interview, there is no professional, ethical or moral duty to participate especially without the assistance of an attorney to represent the officer under investigation. It has come to a surprise that many experienced officers will waive their right to silence and give the investigators an audio recorded statement. Some of the inexperienced criminals do not make incriminating statements. The motive for cooperation is to avoid unfavorable publicity.
How did the economic situation for blacks change in the late twentieth century compared to the mid twentieth century?
In addition to the growth of black business, Templeton is encouraging saving, but not just any savings. He is pushing for savings in black-owned banks. According to #blackdollarsmatter, black-owned banks need an additional 3.1 billion in deposits so they can support black business through loans leveraged by the
It can be seen from above table that most of the competitors of Toll Brothers have temporary competitive advantage, so their position is weak in the market as compared to Toll Brothers.
In a comparative light there seems to be significant problems, or obstacles, for African-American entrepreneurs. These problems are categorized by environmental factors, opportunity factors, and issues related to capital. The purpose of this paper is to provide sociological, and economical insight to the plight of African-American entrepreneurs. There is an effort to trace the development of African-American entrepreneurship throughout American history, in the post-reconstruction era to the present, in relationship to social conditions of discrimination. Uniquely, African-American entrepreneurs are involved in the affirmation of a paradox of American ideology. African-American entrepreneurs, in
There is no limit to black excellence. In this outstanding tasteful book Black Achievers Vol. 2, we give you a glimpse inside the mind of black resourceful business conglomorates, black futuristic thinking inventors, and the outstanding out of this world astronaut whose innovation and ability to face their fears, and think outside the box have overcome numerous hurdles and opened doors for future generations of trailblazers.The book presents icons and entreprenuers such as, Bridget 'Bitty' Mason, plantation slave turned self starting entreprenuer Clara Brown, Maggie Lena Walker a late 19th century black leader who was one of the first women to charter a bank in the united states, Historical black university president Dr. William R. Harvey,
In 1992, when moving to Southwestern Michigan, I was shocked when discovering thousands of kids were growing up in dire need of something positive to do during after-school hours and the summer months. My idea, establish Winning Inc. of America, a 501c3 non-profit to provide free summer sports camps and literacy intervention to support failing schools by preparing youth, ages 6 – 14, for successful lifelong learning. Winning Inc.’s belief was and remains, a child strengthened with enhanced literacy strategies, confidence, organizational skills and positive self-realization is empowered for lifelong decision-making.
As the November Meeting approaches, CFO Doug Scovanner is faced with the problem of choosing which of the five controversial projects available to accept. Our task is to assume this role and evaluate each of the projects based upon two major criteria. The first is determining the firm’s financial motives by quantifying the projected value added to the firm and the risk associated with each project. When determining to accept or reject projects based upon adding value, the most helpful instruments we have are Net Present Value (NPV) and the
According to Stafford and Heilprin, “American Cable Communications (ACC) was one of the largest cable operators in the United States (AirThread Case).” ACC serviced roughly 24.1 million video subscribers, 13.2 million high-speed internet subscribers, and 4.6 million landline telephony subscribers. In 2007, ACC saw revenues of $30.9 billion and had net income equaling $2.6 billion. In order to adapt to the changes in the industry, ACC started aggressively acquiring smaller companies, which resulted in huge customer growth and the development of, “a strong corporate finance team with significant acumen in identifying, valuing, structuring, and executing corporate control transaction (AirThread Case).” That being said, ACC has set its sights on yet another company--AirThread Connections--with the expectation of further revenue growth and customer acquisition and retention.
Honicker Corporation is a USA based, successful dashboard manufacturer. It has opportunities for international expansion, but due to the ultraconservative culture it did not happened until they faced a change in management in 2009. Honicker was a rich company, and to expand, they took the short road and acquired four companies around the world: Alpha, Beta, Gamma, and Delta. There were two commonalities among these companies: they serviced mainly in their own geographical area, and senior management knew their geographical culture and hold good reputation with their stakeholders.