corporate scouting

Examples of corporate scouting in the following topics:

• Building a Diverse Workforce

  • Therefore, it is a top priority for multinational corporations to develop a strong intercultural competence in their management and apply this competence to the human resource framework.
  • Attracting a diverse workforce requires a corporate structure supportive of varying backgrounds and predispositions, as well as the internal resources and knowledge necessary to effectively identify with a variety of cultures.
  • Headhunters and corporate scouting initiatives are also an important attribute of a well-designed diversity-recruitment initiative.

• Sourcing Technology

  • Technology can be developed internally or isolated through technology scouting and then implemented through technology transfer.
  • Technology scouting is essentially forecasting technological developments through information gathering.
  • Technology scouts can either be internal employees or external consultants specifically designated to the task of researching developments in a particular technological field.
  • Provide a corporate context to support or refute the acquisition of said technology.
  • Illustrate the varying cost structures, licensing, and scouting procedures involved with technology sourcing

• Understanding Current Trends in Technology

  • Organization - Utilizing an organized business structure or corporate framework, often through strategic business units (SBUs), provides substantial value in centralizing processes and assessing needs.
  • Information - Scouting and assessing the current technological environment through extensive research teams is necessary to make the appropriate decisions (see "Sourcing Technology" and "Assessing Needs in Technology" within this Boundless segment).

• Biography - Malcolm Knowles

  • In his youth, he participated in the Boy Scouts in which he won the Boy Scout national contest for earning the most badges in a year.
  • After earning 50 badges, Knowles was rewarded a trip to the world Jamboree of Scouting in Birkenhead, England.

• Types of Corporations

  • C corporation refers to any corporation that, under United States federal income tax law, is taxed separately from its owners .
  • A C corporation is distinguished from an S corporation, which generally is not taxed separately.
  • S corporations are merely corporations that elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes.
  • Like a C corporation, an S corporation is generally a corporation under the law of the state in which the entity is organized.
  • Must be an eligible entity (a domestic corporation, or a limited liability company which has elected to be taxed as a corporation).

• Pros and Cons of a Corporation

  • The corporation is one type of business structure.
  • Similarly, the corporation does not cease to exist with the death of shareholders, directors, or officers of the corporation.
  • Another benefit of the corporate structure is that, in the United States, corporations are generally taxed at a lower rate than are individuals.
  • S corporations are merely corporations that elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes.
  • Also, certain corporate penalty taxes (e.g., accumulated earnings tax, personal holding company tax) and the alternative minimum tax do not apply to an S corporation.

• S-Corporations (S-Corps)

  • S corporations elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes.
  • Like a C corporation, an S corporation is generally subject to the laws of the state in which it is organized.
  • In order to be eligible for S corporation status, a corporation must meet certain requirements:
  • Be an eligible entity (a domestic corporation, or a limited liability company which has elected to be taxed as a corporation)
  • However, certain trusts, estates, and tax-exempt corporations, notably 501(c)(3) corporations, are permitted to be shareholders.

• Corporations and Corporate Power

  • Corporations have powerful legal rights, and some have revenues that exceed the revenues of sovereign nations.
  • Once incorporated, a corporation has artificial personhood everywhere it operates, until the corporation is dissolved.
  • A multinational corporation (MNC) is a corporation that either manages production or delivers services in more than one country .
  • Anti-corporate advocates express the commonly held view that corporations answer only to shareholders, and give little consideration to human rights, environmental concerns, or other cultural issues.
  • Multinational corporations are important factors in the processes of globalization .

• Corporate Taxes

  • Corporate taxes are especially complicated because of the inherent complexities of corporations themselves.
  • Corporate taxation differs depending upon the legal form of the corporation.
  • A C corporation refers to any corporation that is taxed separately from its owners.
  • Owners of C corporations are personally protected from any liability of the company - an idea known as the corporate veil.
  • Shareholders generally cannot include corporations or partnerships (certain trusts, estates and tax-exempt corporations are permitted).

• Assessing an Organization's Technological Needs

  • Technology Forecasting - identifying applicable technologies for the company, potentially through scouting.