09

U.S. stocks open higher on Chinese stimulus hopes

From Reuters.com: Wall Street opened higher on Wednesday after China’s finance ministry said the government will strengthen fiscal policy, boost infrastructure spending and speed up tax reforms. The Dow Jones industrial average .DJI rose 77.5 points, or 0.47 percent, to 16,570.18, the S&P 500 .SPX gained 11.75 points, or 0.6 percent, to 1,981.16 and the Nasdaq composite.IXIC added 42.76 points, or 0.89 percent, to 4,854.69. Read more here: http://www.reuters.com/article/2015/09/09/us-markets-stocks-usa-idUSKCN0R91A720150909

04

The right way to find a new CEO

The boards of most company’s invest a great deal of time and money in executive searches and assessments prior to appointing a C-level employee. Boards will typically review the performance records of current company employees while concurrently looking at outside prospects. However, many times little attention is paid to whether executives who have actual CEO experience are directing the search. This is an important point as only someone who has experience in a C-level position will have the knowledge to know what to look for in potential candidates. As an example, in Microsoft’s search for a successor to Steve Balmer, who began running the company in 2000, two well-known, respected and experienced CEOs, Steve J. Luczo, of Seagate, and John Thompson, formerly of Symantec, took point on the search committee, showing the world’s largest software company understands that it probably takes one to know one. In conducting the search both Luczo and Thompson will have two main options in choosing a candidate, looking inside the company or expanding the search to outside prospects. This article, written by Michael Useem, Ram Charan and Dennis Carey provides more detail on the Microsoft situation. 1) Staying Internal When looking at internal prospects Luczo and Thompson will consider several current and former Microsoft upper-level managers. However, when considering internal candidates the main issue is Microsoft’s […]

21

Tax credits offered to raise funds for small business

The Certified Capital Company, called CAPCO, allows states to offer tax credits to attain venture capital to start small businesses. The program utilizes insurance companies, who are encouraged to invest in companies. The states give those insurance companies tax credits. Those tax credits eventually result in a large amount of money to be used to invest in small businesses. It is a government program, but it utilizes private money which is attracted by offering tax credits. Small businesses are a key player in job creation in any community, and providing small businesses money to develop more business, will add to the economy by creating jobs and expanding those small businesses. The program will encourage small businesses to grow, and will provide more revenue for local government as well, with minimal public money being used. Louisiana was the first state to use this system, starting in 1983. Since then, Missouri, New York, Florida, Wisconsin, Colorado and Texas have added the CAPCO programs to their economic development incentives. Economic policies have changed over the past 20 years or so. No longer are states relying on attracting huge businesses that will bring in hundreds of jobs at a time. Instead they are focusing on helping small businesses. Attracting big businesses is expensive. States are therefore trying to create a more business friendly environment […]

Head hunters used by CEO’s

It is sometimes worthwhile to engage the services of an executive search firm. Bad hire might be more expensive as you would be forced to redo the process and even pay for the termination of the contract for the unfit employee. Here are few tips that come in handy when dealing with an executive head hunter.

03

E-Commerce, M-Commerce and How Are They Connected

Everybody has heard of E-commerce, but the notion of M-Commerce is somehow new, due to the recent developments in technology. Let’s explain what this is: E-commerce is that commerce that takes place in the online environment. It is that part of business that is conducted in the online environment: selling, buying, and offering products, everything that has to do with the online businesses. You can’t say you contribute to the e-commerce without having an online business. On the other part, the m-commerce is a new part of the same e-commerce, with only one difference: if the e-commerce is made in the usual ways – trading goods with the help of a computer, the m-commerce is that part when the same goods are traded with the help of another device: a smart phone or a tablet. This part of commerce has grown continuously since the development of smart phones, that today it’s a “must” to have the site of your business adapted for mobile viewing. Being Close To the Market As everybody with a smart phone or tablet is somehow addicted to online browsing, optimizing your site for the mobile experience will only increase your share of the market. For example – there are many people who don’t have the time to access a computer to make their shopping, but they […]