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Going Global with Diversity Initiatives and MBEs Bruce Geier Founder and CEO, Technology Integration Group October 29, 2013. About TIG. Who we are ~$350M financially sound Minority Business Enterprise (MBE) and NMSDC Corporate Plus member established in 1981.
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Going Global with Diversity Initiatives and MBEs Bruce Geier Founder and CEO, Technology Integration Group October 29, 2013
About TIG Who we are • ~$350M financially sound Minority Business Enterprise (MBE) and NMSDC Corporate Plus member established in 1981. • 24 branches in the US and China and numerous international partners What we do • Core expertise in IT product procurement and fulfillment, datacenter and network infrastructure, virtualization and private cloud computing, security and wireless, unified communications, and managed services Our team • A strong leadership team and experienced IT service professionals • 470 employees and a global partner network • Committed to innovation, value creation and cost efficiency for our customers
24 Branches in USA & China… and a global partner network covering 170 countries.
Why Go Global • Driven by corporate customers • To mirror corporate customers’ global sourcing strategy • Global presence is a prerequisite to do business with global corporations • Expansion of existing relationship • Illumina example • Fulfill expectations of future business opportunities… • 568 million internet users in China vs. 254 million in US
A Few Considerations Prior to Your Global Expansion…
A Few Considerations… • 1. What is the business structure of a legal entity? • WOFE vs. Joint Venture Why Go Global
A Few Considerations… 2. What is anticipated financial ramification? Registered capital, operating income, wage inflation, cash/profit repatriation 3. What are tax considerations? Business/VAT, employee, payroll, transfer pricing
A Few Considerations… • 4. How would in country labor law impact your business? • Recruiting and exiting employees • Holidays and leaves
A Few Considerations… • 5. What is your target market & who are your competitors? • Diversify for risk mitigation • US or Europe based multinational companies • Local market
Delivering Value to Your Global Customers • Stability: • Known entity from previous US relationship • Financial stability • Similar business practice & ethics • Consistent quality standard and policies • Experience & Knowledge: • Vertical industry knowledge • Horizontal know how / proven expertise • Ease of Communication • No language or cultural barriers
Global Expansion Through Partnership • Building a partner network • MBE & corporation partnership • MBE to MBE partnership • MBE & non-profit partnership (NMSDC International Link, MSD China etc.) • Product & service delivery partners
“THE GREATEST DANGER FOR MOST OF US IS NOT THAT WE AIM TOO HIGH AND MISS IT … BUT THAT WE AIM TOO LOW AND REACH IT.”–MICHELANGELO MBE Going Global
Going Global with Diversity Initiatives and MBEs Bruce Geier Founder and CEO, Technology Integration Group October 29, 2013