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Today's Business - Africa And
Dubai UAE INTERACT MAGAZINE AFRICA TRAVEL MAGAZINE ENGINEERING NEWS WALL STREET JOURNAL Is Micro Finance a solid
answer to regional and local tourism development in
Africa? Muhammad
Yunis.
Details THE
AFRICA YOU SELDOM SEE Opportunities in Africa:
Recently in
a half hour interview with Mr. Africa, Ogo Sow on
his popular radio program, I had an opportunity to
recommend the following book by David Fick, which
is one of the most outstanding publications in our
library archives. We take every opportunity to let
our readers and radio audiences know about it and
how to order their personal copy. Mr. Sow's
broadcasts appear on the following website
www.afrikmedia.com "Get
a copy of this outstanding book at the first
opportunity."
The Editor,
Africa Travel Magazine Eco Solar
Car Crosses Canada for $ 9.22 Using only as much
electricity as it would take to illuminate a
100-watt light bulb for four days, a group of
Queen's University students set a new world record
for the longest distance traveled in a
solar-powered car. The group's 30-day trip, which
began in Halifax on Canada day, ended on the
weekend when the streamlined, spaceship-like
vehicle cruised into downtown Vancouver.
More-> Angola Admitted as an Opec
member Learn the
Benefits of the International Executive Service
Corps Visit
http://www.iesc.org/ Attention
Investors in Africa Africa: Continent of
Economic Opportunity Seed
Capital for Investment in an African Tourism
Project? More
Investment Information Online New Style
BUSINESS DIRECTORY Ad Listing Format Now Available
to Advertisers. mailto:africa@dowco.com
.
See Directory Resource
List: Banking Contacts in South Africa.
Check
this website Believe
it or not, there are many good reasons not to go
public, and I offer for consideration some
real-world insights that may cause you to
reconsider, or at least pause. Many people
question whether or not a private company can
actually compete against a public
company. We have
been doing it for decades. Our company,
Cincom Systems, is a privately held software
company that was founded in 1968. We have thousands
of customers on six continents and specialize in
providing software, services, and hosting to
simplify the management of complex business
processes. Cincom employs over 1,100 people
worldwide and competes with companies like Oracle,
SAP, Siebel, and others. Cincom
has generated over $3.5 billion in sales and
achieved 20 straight years of producing over $100
million in revenue - a feat matched only by one
other software publisher in the world,
Microsoft. Throughout our 37 years, we have
steadfastly remained a private company. We've never
accepted any form of financing from venture
capitalists or other equity investors. Throughout
the history of the company, all of our financing
has been through cash flow and when necessary, debt
financing through banks. When
compiling reasons not to go public, one stands out
above all the others: freedom.
Remaining a private company gives us the freedom to
make decisions based on the needs of our clients,
not the demands of the shareholders. It helps
us to make bold business decisions and to create
innovation by acting on these bold decisions.
We are free from excessive regulatory burdens and
free to adjust to changes in the business
environment as we see fit. By avoiding the
lure of public financing, we are free to control
our own destiny. Another
clear advantage of remaining a private company is
that it is much easier to create a unique corporate
culture. If you value loyalty, a fair balance
between work and family, and community involvement,
then you are free as a private company to promote
and reward these values. At Cincom, we have
created a unique, family-oriented atmosphere that
encourages openness and a sense of ownership in the
organization we call the
"Cincommunity." For this reason, we
have attracted an incredibly loyal and committed
team, with very low turnover. At the
senior-management level, it is not unusual to have
25 years of tenure with Cincom. Additionally,
our customers remain astoundingly loyal because we
base our decisions on customer rather than
shareholder needs. Ultimately, what has made Cincom
successful is being a customer-driven organization.
As a result, we have an extremely high average
tenure among our clients, some as long as 30
years. For
almost 40 years, we have shown that it is possible
to run with "the big boys" as a private company,
and we will continue to innovate the software
business for decades to come. For now, it is
clear that an IPO is a "no-go" for
us.
For
more information or to set up an interview with
Steve Kayser for a story, please contact Jay Wilke
at 727-443-7115, ext. 223 For more
information on Cincom please see www.cincom.com
jayw@event-management.com. About
Cincom: Privately held Cincom Systems sells both
strategic enterprise software products and support
capabilities for clients looking to develop
applications internally. The company competes
directly with global giants like Oracle and SAP by
offering comparable products at a fraction of the
cost and deployment time. To help clients
consolidate their vendor channels, the company now
offers hosting, outsourcing, and other IT services,
again at a lower price. The company's sales network
was built around marketing partnerships, and new
relationships are continually pursued. Asia is
viewed as a key growth market. ROIC has averaged
80% over the last decade while earnings have grown
700% in five years. Management is seeking expansion
opportunities. Jay
Wilke, Event
Management Services, Inc. 1127
G 727-443-7115
ext. 223 http://www.event-management.com |
||||
On
Corruption
This
never hurt us when competing against our
well-branded and publicly funded competitors in the
industry. In fact, it helped us to develop
innovative, flexible, and adaptive ways of thinking
along with well-honed and passionately articulated
value propositions. We have continued to
pioneer software innovation in our rapidly changing
business environment. Surrounded by
well-financed competitors, Cincom has an impressive
list of "firsts" in the software industry. In
1984, President Ronald Reagan hailed Cincom as "the
epitome of the entrepreneurial spirit of American
business," and we're recognized by the prestigious
Smithsonian Institute as one of "the pioneers and
builders" of the software industry.