Category Corporate

A Few Facts About International Business Corporation 0

Jan14

Usually conducted in offshore commerce and investment activity, international business corporation (IBC) is an entity with such a strong influence in the global market. It functions in holding dangerous assets and segregating overseas locations which would not own directly in the APT Trust.

There are also occasions where it is practical to start a brokerage account in the name of the firm. In the law of every country, conglomerates are always recognized and permitted. However, there are standard rules that the government sets to oversee its operation and management. The banks as well have to be in proper account processing that is already fixed.

Less familiarity with the APT Trust structure was one of the major problems encountered by the international business corporation (IBC). However, at this time, it has been solutioned and it no longer requires conglomerates to tie up with the bank under its name. Except for the British Commonwealth countries because the existing civil law in Europe does not identify legal entities called as ATP Trust.

Executives need to understand that it is not a necessity to conduct trade in where the IBC originated. As a matter of fact, the primary advantage of which is its portability where it can be applicable anywhere, anytime. For example, when it has been formed in the Caribbean, they can open an account in Italy or other else including the United States. As long as they will be able to secure all the legal requirements that has been procured from them. That is where the bank can ask to see the articles of incorporation and resolution by the officers authorizing the action done. With those information together with the signatorys identification, there would be no complications whatsoever.

There are no tax jurisdictions in the Cayman Islands, US Virgin Islands and Bahamas Islands, this permits complete secrecy of propriety for international business corporation (IBC). To set parameters, one of the many domestic law firms is contacted. It will then file the registration necessary to create the multinational. It can also serve as the single member of the board but if anonymity is asked, then the shares can be issued in the bearer form. This suggests that there is no name indicated in the certificate. Instead, whoever will be the carrier will automatically be the owner.

Even just by the mere look at it, there can be several problems that can arise in the long run. Worst is that there will be lost or stolen shares from that international business corporation (IBC). Since the certificates are registered in the name name of the law firm, it immediately holds the share under an agreement to be the nominee for the legitimate proprietor. Any papers are signed by the nominee as instructed. If the APT Trust is to hold some percentage, it can still maintain shares registered in the APT Trust name.

More Facts About International Business Corporation 0

Jan14

International Business Corporation (IBC) is an entity that offshore business and investment is usually conducted with, it is used to hold or segregate Dangerous Assets that are located overseas, that you would not want to own directly in the Asset Protection Trust (APT) or Offshore Trust.

The International Business Corporation and Asset Protection Trust are two most popular arrangements for holding overseas accounts. Sometimes, it much more convenient to open a bank or brokerage account in the name of a corporation than in the trust thus the International Business Corporation plays an important role. Corporations are permitted and recognized by law in every country, and they have a standard set of rules which govern the management and operation of a corporation, plus all banks have already in place proper account opening procedures.

For a number of years, many of the major banks were not familiar with or knowledgeable about APT structure and chose that the accounts be opened in the corporation name, although now it is lesser of a problem. The fact that except for the British Commonwealth countries other prevailing civil law in Europe does not recognize the legal entity called trust. Banks who dont have previous relationship with the trust company will insist to have a corporate account opened, with well-established account opening and maintenance procedures. In these situations, an International Business Corporation can be formed with shares issued to or held by the Asset Protection Trust. Most of tax haven jurisdictions have approved legislation facilitating the formation of International Business Corporation.

Banking or conducting business where the International Business Corporation was formed is not necessary; in reality portability is the main advantage of the IBC. A Corporation formed in the Bahamas can open a bank account in any other country including the United States. What the bank will be requiring is the articles of incorporation and a corporate resolution by the directors authorizing the opening of the account and assigning a person to act as signatory for the corporate account. A proper identification of the signatory together with the requirements will enable an IBC account to be opened anywhere in the world.

The International Business Corporation with a corporation set up in the US, must publicly file the names and addresses of the officers and directors of the corporation in the state where it was formed. Shares must be registered in the name of the real owner and a stock registered listing the names and addresses of each shareholder must be maintained, and the stock register can be subpoenaed by any government agency or by the plaintiff in a lawsuit. The people behind any domestic US company are readily identifiable to any third party investigating the matter. The International Business Corporation approach is a well known approach for those with funds or business interests overseas.

Some Facts About International Business Machines Corporation 0

Jan14

Founded in 1888, the International Business Machines Corporation (IBM) is an American computer technology corporation and one of the leading and largest in the industry. The company strives to lead in the invention, development, and manufacture the industrys most advanced information technologies, that include software, storage systems, computer systems, and microelectronics. The International Business Machines Corporation takes these advance technologies and turns them into value for customers through their professional solutions, services and consulting businesses all over the globe.

International Business Machines Corporation manufactures and sells software, computer hardware, infrastructure services, consulting services, and hosting services in a variety of areas from mainframe computers to nanotechnology. This company has nearly three hundred thirty thousand employees all over the globe and revenues of ninety one billion dollars yearly as of 2005. It is the biggest information technology company in the world and holds more patents than any other company in the industry of technology.

The past years, revenues from services and consulting have been better than those from manufacturing, and notably IBM has also been steadily increasing its workforce in developing countries such as IBM India and cutting back in the US and Europe. The International Business Machines Corporation has consultants and engineers in over one hundred seventy countries, and having eight laboratories for IBM Research all located in the Northern Hemisphere, five of which are outside the US. Employees of IBM have earned five National Medal of Science, five Nobel Prizes, five National Medals of Technology, and four Turing Awards.

IBM is among the top twenty Semiconductor Sales Leaders worldwide. Blue Eyes is the given name of a human recognition venture started by IBM allowing people to interact in a more natural manner with computers. The Blue Eyes technology aims to allow devices to recognize and use natural input such as facial expressions. The scroll mice and other input devices that sense the users pulse, monitor facial expressions, and movements of eyelids, are the initial developments of this project.

IBM Corporations business operation includes hardware such as servers, storage, personal systems, printing systems, and retail solutions; software which connects operating systems, business processes, and applications impeccably; services that includes comprehensive IT services integrating with business insight to reduce costs, assert competitive advantage, and improve productivity; financing companies selling or acquiring IT related products and services; research on innovative technologies that produce leading-edge solutions; technology in developing, marketing, and delivering leading chip technologies and services.

The IBM Corporation also puts tremendous efforts to promote workforce diversity and equal opportunity. IBM became the first ever major company in the world to not use genetic information in its employment decisions on October 10, 2005, a few months after IBM announced its support of the National Geographics Genographic Project.

Business Excellence: Its in the Eye of the Beholder 0

Jan14

At a recent forum the panel the discussion was around programs that lead an organization to excellence. The most consistent views seemed to suggest that few programs on their own will achieve excellence. There needs to be an overall strategy moving an organization towards excellence. Nothing occurs overnight and each piece of the puzzle has its own pitfalls.

Looking at the Ford Motor Company, as an example. They have implemented almost every business improvement or business excellence strategy possible and they recently posted losses of about $12 BILLION. Clearly, the strategies they have implemented (TQM, TPS, JIT, Lean, Six Sigma, TOC, and probably more) as well as new IT systems that have been installed, have not led to business excellence.

I have seen companies get results from each strategy individually but few have had breakthrough results. Each strategy has usually only focused on one aspect of the business, mostly process. Yes, Lean is moving into the office but it is still process. It is now about shuffling paper faster and more efficiently. Big deal. ERP systems moved companies to think in terms of processes and attempted to break functional silos, but ERPs are transactional systems that move companies forward incrementally, by creating piecemeal savings. Yes in a F50 the numbers are large but relatively speaking they are incremental. People in the business require new skill sets and ROIs are hardly ever equal to those planned or projected by the IT departments and consultants! Been there seen that.

GE is often mentioned as an outstanding organization. Business owners and managers often mention GEs success and Six Sigma in the same breath. What they fail to realize is Six Sigma was part of an overall plan. Some GE companies only started on their road to excellence and using Six Sigma after many years had been spent re organizing, redesigning, re hiring and focusing the business in minute detail. Six Sigma was not the cause and final end result of their improvement, nor their excellence!

Over the past few years I have been working with companies to achieve their strategies. What this has meant is looking at business in a holistic manner and making sure each piece of a strategic plan is budgeted for and is executed to achieve the desired results, or better. Essentially companies realize that no matter what happens in their strategic planning sessions they are not realizing the results they would like to see. Yes, one can just imagine FORD executives saying” OK guys we are going to drop $12 Billion this next year!

What this means is companies needs to improve their performance in a multitude of areas. This can be done without a name brand process, or a software package. To reiterate, it is not about ERPs, CRMs, Lean, Six Sigma, TQM, or anything else you can think of. Sure you may add one later but that is not the reason for success, although it probably will assist in reinforcing the changes that are made along the way.

The key to excellence in performance is rather simple; It is not easy but it is simple.
1. Have a great strategy.
2. Surround yourself with people who believe in the strategy.
3. Aggressively execute the strategy.
4. Measure your results along the way.
5. Celebrate your successes

This very simple strategy is often scoffed at as not possibly being able to work. The reasons for chuckles are typically; my business is too complex, we are different, and you dont understand my business, I am sure you have all heard these and more, yet this process has never failed. Its tried and tested. Everything else clouds your vision and makes things seem more complex than they really are.

There are, however, any number of small, middle market, and transitional businesses who have grown 3 - 5x their revenue using this very simple strategy. Again, the simplicity should not overshadow the difficulty of actually implementing it. It is tough. People are the issue. Its about challenging paradigms. Moving through false assumptions and mental models which may have become ingrained over many years.

So how do you get this right? Get your top team together. For a session with a difference. Develop that strategy that everybody can support from the get-go. Start with assessing and analyzing the things you do well and the things in which you are challenged. Be rigorous and hide nothing. Your failures reversed could just propel you to success. Failures are an indication of trying new things and just not having figured out all the kinks. Develop working guidelines for achieving success when implementing new approaches. Ensure these are in line with your companies values. This step is all too often overlooked and very quickly leads to discontent and resulting failure.

Next step is letting each team member developing process based, or even functional based priorities for the year. Present these to the group with the rationale as to their inclusion. Once they are all up there select no more than ten as the major objectives for the organization. This is not as simple as it sounds, mind you. A good facilitator will certainly help.

List those top ten objectives. Determine the metrics of success. Define monthly targets. Determine how to get the data in a format to present to your group and the company to show success.

This will be the basis of a monthly review. You will be visiting the exceptions in detail and celebrating successes. This will be the cornerstone of achieving strategic success and corporate excellence. Focused monthly review session based on the top ten objectives will place you squarely on the path to success and excellence.

Like I said, simple. Not easy.

A Guide To Internet Strategy And Corporate Branding 0

Jan14

One always wants to have a good reputation in the business one is in. You do everything to build your name and establish it as a company of choice for consumers to buy quality products and efficient services at. You focus your marketing efforts towards creating an image and evoking a certain feeling when your company name and logo is seen or heard by your customers.

You have done all you can - you have chosen a company name, a logo, a catchy phrase, a jingle, and everything else under your corporate branding drive. You have ensured good quality products, prompt sales transaction, and efficient customer service - you provided your consumer with the ultimate buying experience and an excellent customer satisfaction.

What more can you do to include in your corporate branding strategy? Is there still something else you can do? How about an Internet strategy in corporate branding?

Internet Strategy In Corporate Branding - The Online Approach

Get An Online Presence - First and foremost in your Internet strategy in corporate branding is choosing website name. If your business name is still available in the Internet - meaning nobody is using it - then you can take this for your own with a fee. If no longer available, choose one that fits your company best - be creative on getting a website name. It should be short and simple so that it can easily be remembered.

Get Hosting Services - The next step would include getting a hosting service for your websites. These companies offer their web servers for you to host your name, your website and your web pages.

Get Informative and Valuable Content - This is a critical Internet strategy in corporate branding. Having an informative content on your website, with regards to the products you sell and on the industry you are in, will give your website visitors the idea and the feeling that you know what you are doing, and that you are an authority in your field. Good website content makes your customers or potential customers want to visit your site again and again to learn about recent developments and any new information you will give out.

Promote Your Website - One can do this by submitting to search engines - some with a fee while some are free. There are also methods as banner exchange, paid ads on high traffic websites and many more. Find one which you think offers the right service for your moneys worth.

Provide the Appropriate Look and Interactive Experience - Aside from website content, this is another important strategy in Internet branding - as this is a way of getting your customers or visitors hooked to your site. If you have a professionally designed website which incorporates forums, discussion boards, blogs, etc. - you will get the interactivity people are looking for.

Have a Full E-commerce Functionality and Efficient Customer Service - If you should also decide to sell your products online, you would need to get your website a full e-commerce functionality. It should be able to safely & securely accept and process credit cards transactions. Also, you should be able to deliver on time the products bought, and be able to provide efficient customer service to any issues or inquiries your customers will make.

Internet Strategy In Corporate Branding - Your Cyber Arm

An Internet strategy in corporate branding would be a good way to ride the waves of cyberspace technology. An online presence would be a good addition to getting your business message out - and establishing your company name as one to contend with in your industry.

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