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The African American Billionaires - Essay Example

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The author of this essay "The African American Billionaires" gives detail information that the African Americans now constitute a chunk of the wealthiest and the most influential professionals who bring in business worth billions to the economic indicators…
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The African American Billionaires
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Download file to see previous pages One such example of black billionaires is the Roberts Brothers who have managed to erect a chain of hotels worth billions. Studying their case to demonstrate the leadership styles can give a good sense of the true scenario prevalent in America. Also, going over the issues which these business-men had to face while conducting business can also prove futile to their style of business. Therefore, the paper will aim at exploring and understanding the business techniques and styles undertaken by this African American professional who is performing exceptionally well in their respective domains and earning billions.
The African American Billionaires, contrary to popular perception, are engaged in a diverse range of businesses. In other words, African American entrepreneurs can now be found leading almost all kinds of businesses. For instance, Oprah Winfrey is one of the most renowned talk show host, producer, director amongst many other things, alongside playing an active role in politics. Similarly, Kenneth Frazier owns a pharmaceutical company while Ursula Burns is the CEO of Xerox. Similarly, many entrepreneurs like Roberts brothers are making a name in the hospitality industry with various other black billionaires indulged in a multitude of businesses. Therefore, black millionaires aren’t dominating in a single field, rather their scope of engagement in context to business is expanding by the day. This implies that the number of African Americans seeking a higher educational status is increasing and thus, the business practices would now have to be shaped in such a way that African Americans also get a fair share of inclusion. In other words, cultural variables would have been more flexible when it comes to business practices since cultural capital variables are shifting creating a need for a shift in the holistic business environment. Therefore, African Americans are adding a new color and vigor to business practices. ...Download file to see next pagesRead More
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