higher business assignment research

Higher Business Management

This website contains everything you might need to succeed in Higher Business Management. You'll find slides, concise notes, videos, exam questions, and more all designed to support your revision. The site has tabs to represent each topic you study - understanding business, marketing, operations, human resources, and finance. There are also general study tips, exam advice, and assignment guidance. This site will also be updated frequently to respond to the needs of learners.

The assessment methods for Higher Business Management include the following:

This is similar to the National 5 assignment in that students will investigate a specific area of the course in relation to a business of their choice. It is also worth 25% of a student's overall grade. Learners will have to introduce their business, discuss their research methods, analyse their findings, and evaluate the business based on the information they discovered. 

Examination

The remaining 75% of the grade is made up of an exam paper. Students will have 2 hours and 45 minutes to answer 90 marks worth of questions. The first section of the paper - worth 30 marks - is based on a case study where students will have to connect their knowledge with a practical scenario. The remaining questions are open, and test students' understanding of key business concepts.

SQA Specification

Here you can find the guidance given to teachers and learners by the SQA outlining the aims, content, and skills that should be developed during the higher business course.

Higher Business Management: Advice, Command Words and Resources

The SQA Higher Business Management course is divided up into five sections – understanding business, management of marketing, management of people, management of operations and management of finance. Higher Business Management is assessed by an exam lasting 2 hours and 45 minutes containing questions worth a total of 90 marks and an assignment completed in school which is worth 30 marks. The assignment involves candidates choosing a business and a topic to research and prepare a report.

This article will offer some tips for studying Higher Business Management, an overview of the command words, opportunities for further study and a list of useful resources.

• Read business news stories and think about what is happening and why. This can help you put theory into practice.
• Look at examples of real businesses. Remember including some examples in your answers may help you get your point across. 
• Practice writing answers using the different command words. Make sure you understand what they mean and how to structure your answer. 

Command Words

Describe – You must offer a detailed description of the point you are making such as mentioning features or characteristics. One word answers or a brief outline will not be accepted. 

For example: Describe the main characteristics of high quality information.

High quality information is appropriate. The information provided will be suitable for the purpose for which it is intended. There will be no irrelevant information that is not related to the decision being made as this could cause confusion during decision making.

Explain – You must offer a detailed explanation of the reason for or impact of a particular course of action. Clearly explain the reasons and consider offering an example to explain your point. 

For example: Explain why a profitable business can have cash flow problems.

A profitable business can have cash flow problems due to having too much money tied up in stock. Having a large amount of unsold stock will cause cash flow problems as the business will not be generating income from the stock. The business will also be faced with the cost of storing stock. This means that the business’s revenue will decrease.

Justify  – Give good reasons to support or explain your suggestions.

For example: Justify why strategic decisions are made by senior managers.

Senior managers making strategic decisions is beneficial as they will have a more thorough knowledge of the organisation. Senior managers are more likely to have better knowledge of the company, its aims and policies which is information that will be needed for effective decision making.

Outline – State the main features of a particular factor but do not go into great detail.

For example: Outline the main features of the Data Protection Act 1998 

Data held must be stored lawfully, securely and responsibly. 

Identify – State/list the answer. Identify is sometimes used alongside another command word such as explain or justify. 

For example: Identify a source of finance.

Bank overdraft.

Discuss – Examine the advantages and disadvantages of a particular factor and fully explain your point. You are making a case for or against the idea. 

For example: Discuss the use of just in time production. 

An advantage of just in time production is less storage space is needed as stock will not be on the premises for long. This could result in decreased rent or cost of premises. 

A disadvantage of just in time production is the business is relying greatly on suppliers. If the supplier does not deliver on time or delivers the wrong goods, the business may need to halt production meaning customer orders will not be completed on time. 

Distinguish – Identify differences between two or more factors. 

For example: Distinguish between a strategic decision and an operational decision. 

A strategic decision is made by senior management whereas an operational decision is made by lower management. 

Compare –  Show differences or similarities between two or more factors. You should point out the specific features of each to demonstrate each difference/similarity. 

For example: Compare functional grouping with product grouping. 

With functional grouping staff with similar knowledge and expertise will be working together whereas with product grouping staff are grouped together around a product or service. 

Interested in studying Business Management further?

Universities offer degrees in Business Management or a specific area of business such as Marketing, Finance, Accounting or Human Resources. If you are interested in particular area of business or know what sort of career you would like to have you can choose one of these areas of business to study. Some universities allow you to select two subjects to study as part of your degree for example Business and Marketing or Business and Human Resources.

You can also study Business courses at college or undertake a Modern Apprenticeship in an area of Business.

I remember studying Higher Business Management when I was in high school and I’m glad to say I kept all of my notes. Here they are in PDF format if anyone else feels they can get some use out of them.

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7 Techniques to Write a Successful Higher Business Management Assignment

We all depend on businesses to meet basic life necessities and have prosperity with luxury. Studying business can teach you the basic skills that can help you enter the business world. Are you interested in the real-life use of business context? Do you want to study a course that can act as a way to enter business study? Studying higher business management can serve the same purpose. Learning and writing a higher business management assignment can help gain deeper insights into the subject.

According to Statista, the average median salary for an MBA graduate in the USA was 115,000 U.S. dollars in 2022. However, a graduate in business analytics can expect approximately 105,000 U.S. dollars from this position.

Even employers pay you more when you specialise in specific business skills. It shows the market trend of the coursework and how many students enrolled in the course study. They intend to excel in the coursework by writing assignments and making crucial subject analyses.

Assignments for higher business management students need to be written with essential guidance to remain on track while writing. This is why the below guide can be helpful. However, if you think you can’t perform uniquely in increasing competition, getting an assignment help can be helpful here.

What Is Higher Business Management?

Higher business management courses act as an entry to the business world. It builds on knowledge, skills, and understanding gained in National 5 Business Management. According to Understanding Standards, higher business management equips the learner to understand the business’s global and national nature. As a result, they are prepared to play an active role in Scotland’s vibrant and innovative business.

Top 7 Techniques for Higher Business Management Assignment Writing

Whenever you enter the new semester, there is a mess over your head to write several assignments. Every subject teacher, at first, thought of assigning the assignment topics. The purpose is that when you research and write ideas, you can better comprehend them. But the question is, are you ready for it? How do you write a business management assignment?

The answer may seem a big NO, especially when your performance during last semester was unsatisfactory. But there is no need to worry. We are going to tell you the top techniques for writing your assignments. Say goodbye to academic anxieties and continue reading so you do not lose track of excellence.

1.     Understand Your Topic

If you can choose and write on the higher business management assignment topics, select the one that aligns well with your interest. Don’t underestimate the importance of understanding higher business management assignment requirements and what your professor seeks.

The Swarth More presents some key strategies to decode this prompt of understanding.

• Look for the keywords in the assignment to know what type of writing your professor wants from you. For example, you should know the difference between the words analyse, explain, evaluate, define, briefly explain, etc. If you are not sure, don’t hesitate to ask the professor.
• Know the purpose of the assignment and figure out how you will fulfil the expectations of your audience. You can make a higher business management assignment plan to have a particular framework to act upon.
• Fulfil the criteria set by your professor

2.     Research Your Topic Well

Research is essential to build the fundamentals of your topic. It allows you to gather relevant and reliable data supporting your argument. However, it is also helpful in understanding the requirements of the assignment. According to the University of Maryland Global Campus, when you engage in research, it helps you to build critical skills. You can ask thoughtful higher business management assignment questions to gather and interpret data.

The Time Magazine lists some top sources to consult for higher advanced business management assignments.

• The Age of Unreason (1989), by Charles Handy
• Emotional Intelligence (1995), by Daniel Goleman
• The Essential Drucker (2001), by Peter Drucker

3.     Make an Outline

Do you know outlining before writing an assignment on higher business management saves you time? It helps you to divide your assignment writing ideas into different sections. The outline comprises the main point of the whole assignment. According to the Indiana University of Pennsylvania, for outlining consider,

• Your topic and thesis statement
• The points you would like to discuss in the assignment
• Align ideas in logical and numerical order
• The possible transitions between paragraphs

Furthermore, you can also see higher business management assignment examples for better comprehension.

4.     Write an Engaging Introduction

Introduction is the crucial aspect that gives the reader a hint about your context. Depending on how engaging your introduction is, the reader will decide whether to read it further. You must start it with the attention hooker and define the goal of your assignment here. For instance, if you are writing on the topic,

“Branches of business management” its attention hooker can be,

“Although many consider business management a single industry, it comprises many branches.”

However, you can also take higher business management assignment help if you are not sure to perform well in your coursework writing.

5.     Consider the Subject Terminology

Consistent and precise language allows the reader to move in a specific direction while preventing confusion. Some subject-specific terminologies drive the main idea of the subject. According to the International Journal of Engineering and Information Systems, learning terminology is essential for all professionals. It is involved in expressing, representing, and communicating specific knowledge.

For business management subjects, use terminology like accounting period, acquisition, balance sheet, base rate, benchmarking, etc. However, you can also get a higher business management assignment writing service if you think of having assistance from experts.

6.     Consider Assignment Structure

An assignment is always structured according to the institution’s guidelines. The same is the case with higher business management assignment structure. However, depending on the topic, some variations must be figured out before starting writing. For most university students, there is a requirement to add an abstract at the start. But it is not essential for every assignment writing. Boeingconsult.com presents a typical assignment writing structure.

Furthermore, you can buy higher business management assignments online to get them done by experts.

7.     Ensure Proper Referencing

When you write a higher business management assignment, you will use the ideas of others. That’s where referencing will be essential. In-text and end-text are referencing. The formatting for both differs, so it is essential to consult a university library or top journal before starting your writing process. For instance, in the Journal of Small Business Management 2003, a referencing format for business assignments can be given as

Australian Bureau of Statistics (1999). Small Business in Australia , 1999. Canberra, Australia: Commonwealth Government.

Are you still afraid of writing higher business management assignment? Most probably, the answer would be no. Even after this comprehensive guide, you can acknowledge that the process is not complicated, but some guides are missing. The above content is meant to address the same purpose. You need to plan, structure, or organise your ideas well.

As a result, the whole write-up will be coherent. Remember to contact your teacher because he will grade the assignment at the end. So, it is necessary to know his expectations for you. Also, if you think you can’t fulfil the requirements your institution asked for, consider an assignment writing service from reputable higher business management assignment writers instead of worrying.

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Higher Business Assignment Writing Tips – From Average to Exceptional

Higher business management continues to be one of the most studied subjects in the UK. The course aims to provide students with marketing, finance, employee relations and technology management. According to the British Academy, in 2020, 16.3% of 412,815 students crossed the business management sector. The relevant course requires one to pass a higher business assignment accompanied by practical research skills.

With the advent of time, knowledge and understanding of management skills have been modified. The statistical data revealed by HESA on 25 January 2022 present a higher number of enrollments in business management subjects with an increased percentage of 17%.

This highlights students’ great interest in pursuing this course. The subject focuses on the conceptual framework of business strategies to meet the standards of the evolved era.

A successful assignment demands a student’s proper attention and dedication. Assignment writing requires a strong grip on the subject under discussion. Many students lack appropriate writing and research skills and often get stressed. Securing excellent grades and following deadline pressure confuses them. In such a scenario students seek help from online assignment writing services to overcome this challenge. Proficient writers conduct profound research, offer guidance on writing techniques and deliver assignments punctually.

Coming to the topic, let us understand higher business and learn some constructive techniques to write a professional assignment.

What Is Higher Business?

Higher business management mainly develops exceptional organisational and operational skills to run businesses. The course study involves the following aspects:

• Marketing and Finance.
• Economic law and strategy.
• Human Resource (HR) management.

BBC demonstrates the hierarchy of higher business management in this way:

The advanced study of this course interlinks multiple domains including R&D, marketing, finance and procurement. Referring to the study of contents students can make a higher business assignment as per their interest in a specific domain.

How Do You Write a Higher Business Assignment? Top 11 Tips to Follow

A good assignment foundation is laid on the strong research problem. Analyse the emerging issues in business management. Create a solid outline including a captivating introduction, body paragraphs and conclusion.

Try to engage your readers and propose effective strategies that help to solve real-world issues. Writing a flawless higher business assignment is only achieved by following the right tips. The excellent writing tips are listed below:

1. Understand Your Assignment

Before you initiate writing a higher business assignment, thoroughly understand what is required. Critically analyse the requirements provided by your institute. Compose a list of all the mentioned instructions including:

• Word count.
• Design and style of assignment.
• Soft or hard copy submission.
• Font size and style.
• Citation style.
• Spacing and margin instructions.
• Deadline of assignment.

Be vigilant in achieving top grades in your assignments. Don’t hesitate to ask questions from your professors and clear all ambiguities. Put real effort into deeply understanding the requirements and act accordingly.

2. Research a Better Topic

First things first, try to conduct deep-topic research. Browse all the primary and secondary sources to gather as much information as possible. Choose a topic that interests you and opens further research possibilities.

To craft a professional higher business assignment your topic should include the following characteristics:

• Must be focused and subject-oriented.
• Demonstrates the scope, queries and solutions of your study.
• Enclose the research of your study.
• Recommends further research possibilities.
• Shows the innovative and creative ways of running a business.

Higher Business Assignment Topics for 2024

Students often need help finding a trending topic. We deeply care about their concerns. Therefore, we have listed the top trending topics in the below section:

• Studying the Role of Business Organisations in the Society.
• Top Five Factors to Analyse the Effect of Price on the Market.
• Exploring Beneficial Business Strategies to Attract Foreign Investments.
• Theoretical Models to Study Inventory Management.
• A Critical Leadership Skill: Organisational Crisis Management.

3. Create a Strong Research Statement

Build a central idea and statement in your higher business assignments. It should be ideal, clear and easy to execute. A strong statement should guide the reader on what it actually holds. For example, writing assignments on higher business create a supporting statement as follows:

“With this ultra-digital era, higher business management has evolved. The course study aims to follow the hierarchy of running several business operations, including marketing, human resources, and finance. Organisations have taken steps to increase operations in the private, public, and third sectors. It has not only facilitated practical benefits but also transformed the traditional business means.”

The above-discussed example clearly justifies the importance and benefits of the subject. It provides positive signals and focused information on business management. You can construct your assignment statement by reviewing the sample statement.

4. Gather Information

Conducting research is a time-consuming process. To gather relevant information, perform internet surfing. This may help you download articles, journals and books from credible online resources. The experts also advise you to read case studies and numerical figures for prevailing authenticity in your assignment.

Subject-relevant information can be extracted from the following websites:

• Corporate Information
• Fast companies database
• Pew research centre
• Bloomberg Businessweek.

Brainstorm a lot of higher business assignment research questions. For example, you can address:

• Why do businesses lack future-proof strategies?
• What could be the major reasons for business failure?
• How do you manage the business setup?
• Where to get the business developers?
• What are the major advancements in business management courses?

5. Plan a Good Structure

A better structure helps you flow information coherently. Structuring provides a writer with the right direction to flow their ideas. You can outline a solid higher business assignment structure including:

• A captivating and hooking introduction.
• Logically sequenced main body. It must enclose the body paragraphs equally divided as P1, P2, and P3. Interlink all the information by using academic connectives and linking sentences. Use transition words such as However, therefore, and also.
• Briefly conclude the main findings of your research. Readers must get a valuable and reasonable answer from your assignment summarisation.

For crafting an effective higher business assignment see the structural template by Barnsley:

6. Develop a Coherent Main Body

The main body of your higher business assignment should reflect authenticity. Start with the topic sentence aligning with supporting evidence. The main body should constitute 80% of the total word count. Every paragraph should be consistent with the next.

It can be achieved by using transition words and describing the details of business management. Use examples to illustrate and create a link with the focused idea in the concluding sentence. In this section, the core purpose must represent and interpret your whole research theme.

Last but not least, the paragraph alignment and spacing should be friendly. Break your paragraphs into a maximum of three to four lines. Don’t exceed the limit as it will sound burdensome to the reader’s eyes.

7. Use Appropriate Language

To excel deliberately in your higher business assignment, use the right word choice. Using a formal language increases the readability. Avoid using slang and pointless language. Don’t write complex and passive voice sentences.

Instead, write formal language to reflect gold clear correspondence. To sound more professional, abstain from contractions. For example, write “How is” instead of writing How’s. Try to avoid jargon, colloquialism and other irrelevant phrasal language.

Practising the formal tone in your assignment gives you chances to impress the supervisor. The clarity and fluency of ideas build content credibility.

8. Add Infographics

Infographics are the visual representation of information. It helps the readers to grab the whole contextual theme instantly. There are different forms of infographics. Some of the most popular forms are described below:

• Tree diagrams
• Gantt Charts
• Flow charts
• Statistical, informational and hierarchal infographics are also used.

Enrich your higher business assignment with the diverse categories of visuals.

9. Stay In Touch with the Supervisor

When you have a collection of good higher business assignment ideas, immediately discuss them with your supervisor. Your supervisors are the subject-specific professionals. They will better guide you in creating a well-organised assignment outline.

Moreover, they will also connect your topic with real-world scenarios. Besides this, you can get access to various research websites, plagiarism-checking software and assignment samples for better reach. Schedule different meetings and begin the productive discussion on the hows and whys of your assignment.

10. Use Proper References

References help to prove content authenticity. Using appropriate references can enhance the credibility of your higher business assignment. Other than this, citing references in your work gives credit to the original author. Moreover, it avoids a lot of plagiarism in your assignment. There are different citation styles including:

Use the one which your institute advises. While quoting a reference, try to mention the correct spelling of the author’s name, year of publication and journal name. If you misspell anything, then it will cause ambiguity. Therefore, be vigilant in citing the appropriate references.

11. Proofread Your Assignment

Proofreading of your scholarly assignment dictates a clear objective. Reviewing and editing of your research work refines by spotting the following:

• Spelling and grammatical errors.
• Punctuation and poor sentence structuring.
• Detects the passive voice.
• Repetitive transition and idiomatic phrases.
• Formatting and margins checking.

Experts advise performing proofreading in a loud voice. This is because your auditory senses will be attentive to hear the errors. The typical errors are sentence structuring, length and passive voice.

What Do You Do in Higher Business?

As per the Scottish qualifications, the higher business course prepares the students for the following:

• Understanding the business. Get a practical understanding of how to develop private, public and third-sector organisations.
• Study marketing management and deal with customer satisfaction. Implement different theories to improve competitiveness.
• Moreover, people, finance and operational management help in organisational retention.

What are Higher Business Assignment Examples?

Assignment writing requires a concise and clear form of language. To make your assignment professional first read some research samples. Some of the examples are listed below:

• Implementation of Total Quality Management in Higher Education.
• Linking big data analytics and operational sustainability practices for sustainable business management.
• The assessment center in the measurement of potential for business management .

Following the above-discussed tips, you can easily write a proficient higher business assignment. Discover the best and most prolonged business management strategies to strengthen your assignment. Perform effective proofreading and editing of your assignment to achieve excellent grades.

On the contrary, many students need help crafting logically sequenced and coherent assignments. Meeting the deadline pressure often gets them stuck. To deal with these challenges, they get immediate help from business assignment writers . These experts are equipped with outstanding academic writing abilities, ensuring the timely delivery of high-quality content.

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Advanced Higher Business Management : Assignment

Added on   2021-02-19

   Added on  2021-02-19

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Research: How to Close the Gender Gap in Startup Financing

• Malin Malmström,
• Barbara Burkhard,
• Charlotta Sirén,
• Dean Shepherd,
• Joakim Wincent

Three ways policymakers, financiers, and other stakeholders can mitigate gender bias in entrepreneurial funding.

A global analysis of previous research over the last three decades shows that women entrepreneurs face a higher rate of business loan denials and increased interest rates in loan decisions made by commercial bankers. Interestingly, the data also reveals that the formal and informal standing of women in a particular society can provide clues to some of the true hurdles to positive change. This article reviews these hurdles, and offers three recommendations for change.

Gender disparities persist in entrepreneurship and statistics reveal the severity of the issue. Globally, only one in three businesses is owned by women . In 2019, the share of startups with at least one female founding member was a mere 20% .

• MM Malin Malmström is a professor of entrepreneurship and innovation at Luleå University of Technology, and a director of the research center Sustainable Finance Lab in Sweden.
• BB Barbara Burkhard is a postdoctoral researcher of entrepreneurship at the Institute of Responsible Innovation at the University of St.Gallen.
• CS Charlotta Sirén is an associate professor of management at the Institute of Responsible Innovation at the University of St.Gallen.
• DS Dean Shepherd is a professor of entrepreneurship, management, and organization at The Mendoza College of Business, University of Notre Dame.
• JW Joakim Wincent is a professor of entrepreneurship and management at the Hanken School of Economics and the Global Center for Entrepreneurship and Innovation at the University of St.Gallen.

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A look at Black-owned businesses in the U.S.

More than one-in-five Black adults in the United States say owning a business is essential to financial success, according to a September 2023 Pew Research Center survey . While Black-owned businesses have grown significantly in the U.S. in recent years, they still make up a small share of overall firms and revenue, according to our analysis of federal data.

Pew Research Center conducted this analysis to examine the characteristics of Black-owned businesses in the United States. The analysis relies primarily on data from the 2022  Annual Business Survey  (ABS), conducted by the U.S. Census Bureau and the National Science Foundation’s National Center for Science and Engineering Statistics.

The survey – conducted annually since 2017 – includes all non-farm U.S. firms with paid employees and receipts of $1,000 or more in 2021. Firms are defined as businesses “consisting of one or more domestic establishments under its ownership or control.” Majority business ownership is characterized in the survey as having 51% or more of the stock or equity in the firm. The Census Bureau counts multiracial firm owners under all racial categories they identify with; Hispanic firm owners may be of any race. Read more about the ABS methodology .

In 2021, there were 161,031 U.S. firms with majority Black or African American ownership , up from 124,004 in 2017, according to the latest estimates from the Annual Business Survey  (ABS), conducted by the U.S. Census Bureau and the National Science Foundation. Black-owned firms’ gross revenue soared by 43% during this timespan, from an estimated $127.9 billion in 2017 to $183.3 billion in 2021.

Despite this growth, majority Black-owned businesses made up only about 3% of all U.S. firms that were classifiable by the race and ethnicity of their owners in 2021. And they accounted for just 1% of gross revenue from all classifiable companies that year. By comparison, in 2021, roughly 14% of all Americans were Black.

As has  long been the case , White majority-owned businesses made up the greatest share of classifiable firms (85%) and their revenue (93%) in 2021. About one-in-ten classifiable firms (11%) were majority-owned by Asian Americans, and no more than 7% had majority ownership by someone from another racial and ethnic group.

The Annual Business Survey classifies businesses as “majority Black- or African American-owned” if a Black owner has at least 51% equity in the firm. The same standard holds for business owners of other racial and ethnic backgrounds. The U.S. Census Bureau counts multiracial firm owners under all racial categories they identify with; Hispanic firm owners may be of any race. 

Not all U.S. businesses are classifiable by the race or ethnicity of their owners. In 2021, about 4% of all businesses in the U.S. were  not  classifiable by the race and ethnicity of their owners – though these firms accounted for 61% of total revenue. Ownership and revenue figures in this analysis are based on the roughly 5.7 million firms that  were  classifiable by the race and ethnicity of their owners in 2021, most of which are smaller businesses.

How many workers do Black-owned businesses employ?

Black or African American majority-owned firms provided income for roughly 1.4 million workers in 2021. Their annual payrolls were estimated at $53.6 billion.

Still, most Black-owned firms tend to be smaller businesses. Two-thirds had fewer than 10 employees in 2021 ; 13% had 10 to 49 employees and just 3% had 50 or more. Another 16% reported having no employees. (The ABS determines employment size by the number of paid workers during the March 12 pay period.)

What’s the most common sector for Black-owned businesses?

By far, health care and social assistance. About 45,000 of the roughly 161,000 U.S. companies with majority Black or African American ownership, or 28% of the total, were part of this sector in 2021.

Looked at a different way, 7% of  all  classifiable U.S. businesses in the health care and social assistance sector were majority Black-owned that year .

Other common sectors that year included:

• Professional, scientific and technical services (comprising 14% of all Black-owned businesses)
• Administrative and support and waste management and remediation services (8%)
• Transportation and warehousing (8%)
• Retail trade (6%)
• Construction (6%)

Where are Black-owned businesses located?

Most Black or African American majority-owned businesses (87%) are located in urban areas. Just 5% are in rural areas – that is, places with fewer than 2,500 inhabitants, under  the Census Bureau’s definition .

Some of the most populous states also have the greatest number of Black majority-owned businesses. Florida had 18,502 such businesses in 2021, California had 15,014 and Georgia had 14,394.

Black majority-owned businesses made up the greatest  share  of all classifiable firms in the District of Columbia (15%), Georgia and Maryland (8% each).

Who are Black business owners?

• They’re more likely to be men than women. Some 53% of Black-owned firms in 2021 had men as their majority owners, while 39% had women majority owners. Another 8% had equal male-female ownership. The gender gap is larger among classifiable U.S. firms overall: 63% were majority-owned by men in 2021, 22% were majority-owned by women and 14% had equal male-female ownership.
• They tend to be middle-aged. Roughly half (49%) of Black or African American business owners who reported their age group were ages 35 t0 54 in 2021. Another 28% were 55 to 64, and just 7% were younger than 35.
• A majority have a college degree. Among owners who reported their highest level of education completed, 27% had a bachelor’s degree and 34% had a graduate or professional degree in 2021.

What motivates Black entrepreneurs?

When asked to choose from a list of reasons why they opened their firm, about nine-in-ten Black or African American majority owners who responded said an important reason was the opportunity for greater income; a desire to be their own boss; or wanting the best avenue for their ideas, goods and services. Balancing work and family life (88%) and having flexible hours (85%) were also commonly cited.

For most Black or African American majority owners, their business is their primary source of income . Seven-in-ten of those who reported income information in 2021 said this was the case.

Note: This is an update of a post originally published on Feb. 21, 2023.

• Black Americans
• Business & Workplace

8 facts about Black Americans and the news

Black americans’ views on success in the u.s., among black adults, those with higher incomes are most likely to say they are happy, fewer than half of black americans say the news often covers the issues that are important to them, key facts about the nation’s 47.9 million black americans, most popular.

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Lockheed Martin Beats Q1 Profit Estimates on Strong Demand

FILE PHOTO: Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-Hoon/File Photo

By Shivansh Tiwary and Mike Stone

(Reuters) - U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit on Tuesday, as simmering geopolitical tensions prompted some countries to boost their defense spending, driving demand for new weapons.

Shares of the company, which is considered a bellwether for the arms sector, rose nearly 2% in premarket trading.

Sales in Lockheed's missiles and fire control unit jumped 25.3% to nearly $3 billion, boosted by strong demand for high mobility artillery rocket system (HIMARS) and guided multiple launch rocket system (GMLRS), key weapons used by Ukraine in its conflict with Russia.

Sales in the company's aeronautics business, its biggest unit and which makes the F-35 fighter jets, rose 9.2% to $6.85 billion.

"These first-quarter results reinforce our confidence in our ability to achieve the full-year financial expectations we set in January," CEO Jim Taiclet said in a statement.

It had forecast full-year net sales of $68.5 billion to $70 billion and a profit of $25.65 and $26.35 per share.

It started the year with a quarterly profit of $6.39 per share, which was well above analysts' expectations of $5.83 per share, according to LSEG data.

Lockheed's first-quarter net sales rose 14% to $17.2 billion, also beating analysts' expectations of $16.02 billion.

Last week, the U.S. Missile Defense Agency said Lockheed won a $17 billion contract to develop the next generation of interceptors to defend the United States against an intercontinental ballistic missile attack.

Rivals Northrop Grumman and General Dynamics are due to report quarterly results later this week.

(Reporting by Pratyush Thakur and Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva and Savio D'Souza)

Copyright 2024 Thomson Reuters .

Tags: United States

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