corporate scouting

(verb)

Seeking new talent for a business; isolating new employee potential.

Related Terms

  • retention
  • SG&A

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.
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