Welcome

A nation has more than one market where business firms in all sizes and economic sectors offer goods and services to consumers - local and outside. Wealth is a form of prosperous achievements societal participants have gained through economic and political activities. Wealth-for-good is a permanent wealth by which a nation has reached under a massive scale of win-win business organizations. Any successful economy has groups of successful business firms and business entities that have built their wealth from a first day of founding a brand in a market to a mature time.

Core values of doing businesses and generating profits are roosted into motives of asset owners and investors. A business owner is one person or a group of partners or clustered investors worldwide. But generally a business has been founded on three values – (a) vision of business management, (b) philosophy of business operations, (c) priorities of business strategies. 

A vision can take one business from nowhere to a brilliantly shining world. A philosophy can create an impressive image in front of both investors and authorities to keep a business as a unique prestige castle where only exclusive guests are welcome and invited. Priorities are implicitly designed to allow a business to sacrifice some values for other values in on-progress operations and management strategies. 

From three values and perspectives of vision, philosophy and priorities – a business entity can move forward with one of three statuses – regular performer, standardized performer and outstanding performer. But for innovative and creative corporate ranking, a corporation may consider more market-and-consumer-driven virtues – building real wealth or virtual wealth. From both objective and subjective management styles, a corporation can sail its business operation ship from a small domestic market to a larger connected global market. A consultant firm cannot ignore special needs from corporate clients or high-net-worth clients based on a commission method or gain-size fees. All a consultant firm that needs to do is to place clients’ investments and assets in right-and-profitable spots. Such advice is considered as a traffic redirection to a sustainable and prosperous condition. 

A market is regulated or less-regulated for specific economic models – state capitalism, free market capitalism and social capitalism – to create market-oriented environments for new business entries to join in or allow established companies to dominate under their subsidiaries or joint-venture firms. Each new policy will produce three positive economic values on a market performance, corporate future business conditions, and consumers’ spending confidence. One corporation cannot ignore such values before making short-term and long-term business plans. It is like to prepare funds of building a high-speed train system, but a government has not considered supporting plans of building new towns and economic zones along a route. A road is built to connect one town to another for goods transportation and other means of transportation – tourism, personal traveling, and work commuting. 

Financial products are designed into different forms – loans, asset-backed credits, asset-backed securities, bonds, consumer credits, derivative securities and insurances – to serve different types of clients who have different interests and special needs of investment and spending. Asset management funds, investment firms, and sophisticated financial firms are founded worldwide to meet new surging demands of financial products for direct and indirect business operations. A government needs bonds for public works and social welfare programs. A corporation needs new funds to acquire new companies or expand business operations by issuing new shares, securities and bonds over open trade markets. Consumers need money for spending and other plans. Brokers can connect fund owners to fund seekers on a commission manner. Sellers and buyers over international and regional deals need payment transactions through a reliable bank. Travelers use credit cards and traveler-checks and money on their trips. All activities are related to money transactions in different forms. Understanding those financial activities and values can help a corporation prioritize business plans in a specific period of time. 

Business organizations have at least two kinds of products and services to sell in marketplaces – tangible and intangible. For tangible products like car, Smartphone, house, ship, airplane, computer chip, medicine, fashion clothe, and others, producers need more effective and efficient methods not only produce high-quality and competitive-pricing goods, but also shortest paths of approaching target customers. Apple Inc has marketed a series of iPod, iPhone, iPad to win customers worldwide to provoke globally competitive waves from Samsung, Nokia, Motorola, HTC, Sharp, and Sony. Those companies have invested in new ways of managing their brands – virtual market values besides their reputation of high quality and useful features and friendly user-interface functions. Airplane companies have merged for low administrative cost and high marginal revenue. Hardware companies like HP, Panasonic, IBM, and General Motor may make their long-term management strategies by un-plugging unprofitable brands or divisions, and acquiring new brands for future gains. Banks and financial firms have merged or acquired to have more reasons to trim off their workforce size and restructure their management system. More trillion-dollar-asset-under-management firms have emerged today more than a decade ago. Under two conditions – stagnant domestic economy and expanding foreign economies – a corporation also chooses smaller expansion plans in overseas markets – 100% ownership, partnership and joint-venture – to meet local customers’ needs and new business environments. 

Innovative and Creative Management concepts are developed and integrated into all involving business functions to produce expected values and goals for corporate and governmental clients worldwide. 

Minnesota, September 16, 2011

Vinh Hoang