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MGMT 1035 > Week 9 Presentations > Flashcards

Week 9 Presentations Flashcards

1
Q

What is the title of the article?

A

The History of Black Management Reveals an Overlooked Form of Capitalism.

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2
Q

Who is the author of the article?

A

Lila McLellan.

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3
Q

Where was the article published?

A

Quartz, a digital business news platform.

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4
Q

What are Lila McLellan’s interests?

A

Social psychology and management strategies.

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5
Q

In which notable publications has Lila McLellan written?

A

Vanity Fair, The Atlantic, The Globe and Mail, etc.

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6
Q

What does the article examine?

A

Historical management strategies by Black business leaders.

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7
Q

What time period does the article focus on?

A

From the late 1800s to the early 1900s in the U.S.

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8
Q

Who is Madam C.J. Walker?

A

A Black entrepreneur who built a beauty empire despite facing racial discrimination.

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9
Q

What role did Charles Clinton Spaulding hold?

A

President of North Carolina Mutual Life Insurance Company during the early 1900s.

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10
Q

What is significant about Magdalena Walker?

A

She was the first Black woman in America to charter a bank.

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11
Q

What is a key theme related to systemic racism in the article?

A

Barriers in corporate leadership and market access for Black professionals.

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12
Q

What does the article say about the lack of recognition?

A

Contributions of Black professionals are often overlooked in mainstream business history.

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13
Q

How did Black entrepreneurs demonstrate resilience?

A

By adapting to systemic barriers and creating new opportunities.

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14
Q

What modern movements connect to historical lessons in the article?

A

Movements like Black Lives Matter.

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15
Q

What is the relevance of historical Black leaders to modern management?

A

Their insights can inspire current business practices.

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16
Q

What does the article argue about Black management history?

A

It offers valuable lessons in resilience, innovation, and community cooperation.

17
Q

What alternative business philosophies are discussed?

A

Cooperative strategies and community focus.

18
Q

What is the article’s call for inclusion in business history?

A

To integrate Black leaders’ contributions into mainstream discourse.

19
Q

What are the broader implications of acknowledging Black contributions?

A

It promotes diversity, equity, and social impact in modern management practices.

20
Q

What key insights does the article provide for businesses?

A

The significance of resilience and innovation in adversity.

21
Q

What educational implications does the article highlight?

A

A need for a shift in how business history is taught.

22
Q

What future potential is discussed in the article?

A

Modern businesses adopting cooperative and inclusive models can thrive.

23
Q

What context does the article provide on the Great Depression?

A

The stock market crash on Black Thursday created panic and led to economic depression.

24
Q

What were the New Deal Acts?

A

Legislation by Roosevelt that capped interest and deposit rates to limit risky banking.

25
Q

What key legal case is mentioned?

A

Marquette vs. First of Omaha, which allowed banks to charge interest based on their charter state.

26
Q

What issues are raised by the article regarding credit card regulations?

A

State-level loopholes led to inconsistent consumer protection.

27
Q

What are the impacts of high-interest rates on consumers?

A

Increased consumer debt and normalized reliance on credit.

28
Q

What is Buy Now, Pay Later (BNPL)?

A

A popular payment option that surged since 2019 but has issues like consumer debt and regulatory scrutiny.

29
Q

What challenges do fintech and digital banking present?

A

Competing with innovative startups and gaining consumer trust.

30
Q

What issues are associated with cryptocurrency?

A

Market volatility, fraud, and regulatory uncertainty.

31
Q

What is a key takeaway regarding financial innovation?

A

It must balance profitability with consumer protection.

32
Q

What long-term risks can arise from regulatory loopholes?

A

Debt cycles and regulatory backlash.

MGMT 1035 (3 decks)

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