Press Release for Immediate Publication
Visionary Global Technology Entrepreneur Peter Yip of CDC Software Plans to Visit India;
Visit to Mark Next Level of Planned Growth for Companys India Operations
BANGALORE, May 22, 2010: Peter Yip is fashioning a global technology empire that spans the enterprise software spectrum from ERP, CRM to SCM among others. He also pioneered off shoring in India way back in 1978 with Yipkon Business System which he co-founded, along with Kumar Konanur that he later sold to MCI WorldCom. Among various authors including former -Chinese Premier Zhu Yongji, Peter wrote a chapter on the Internet in the book The China’s Century: The Awakening of the Next Economic Powerhouse by Laurence Brahm. Ranked among Asias Digital Elite 25 by Asia week in 2000, Peter Yip, CEO and Vice Chairman of CDC Software (NASDAQ: CDCS), plans to visit India for four days starting May 25th. On the first day, he is scheduled to address a media event in Bangalore and make an announcement about CDC Softwares India operations and its next level of planned growth. He then plans to travel to Mumbai for high profile customer meetings and then to Delhi where he is expected to meet senior government officials and industry executives.
On his India visit, Mr. Yip said, I am happy to be going back to India where it all began for me as an entrepreneur. I look forward to meeting thought leaders here and also discussing the next level of growth for our India operations.
Peter holds an MBA from the Wharton School, an MS and BS in Electrical Engineering from the University of Pennsylvania and an Associate degree in Engineering and an honorary Doctorate degree in business from Vincennes University, Indiana. He has made a number of successful co-investments with institutional investors and corporate investors, including Temasek Holdings Company, Bechtel Enterprises Inc., Mitsui & Co. Ltd., America Online, Inc. and the Merrill Lynch-Fred Adler Technology Fund II, among others. Peter previously held management positions at KPMG Consulting and Wharton Applied Research. In 2000, the Wharton Business School presented him with its Asian Alumni Entrepreneur Award.
About CDC Software: CDC Software (NASDAQ: CDCS), The Customer-Driven Company, is a hybrid enterprise software provider of on-premise and cloud deployments. Leveraging a service-oriented architecture (SOA), CDC Software offers multiple delivery options for their solutions including on-premise, hosted, cloud-based Software as a Service (SaaS) or blended-hybrid deployment offerings. CDC Software’s solutions include enterprise resource planning (ERP), manufacturing operations management, enterprise manufacturing intelligence, supply chain management (demand management, order management and warehouse and transportation management), e-Commerce, human capital management, customer relationship management (CRM), complaint management and aged care solutions. . For more information, please visit www.cdcsoftware.com.
A Brief History Of Ecommerce
Ecommerce was seen as a passing fad or gimmick when the pioneers of the process began. Certainly being tied to a computer screen to make a purchase you would need to wait for wouldn’t hold the interest of consumers. Yet inroads were made and sales were conducted.
One of the prevailing difficulties associated with early online transactions was the safety of personal financial information. As hackers gained access to non-encrypted data it was a rallying point for many ecommerce businesses. There had to be a better way to do online business.
The Debut of Encryption
Webopedia describes encryption this way, “The translation of data into a secret code. Encryption is the most effective way to achieve data security. To read an encrypted file, you must have access to a secret key or password that enables you to decrypt it.”
The keys to ecommerce were given back to online business when transactions became encrypted. The privacy of customer data allowed ecommerce to become a viable option for consumers once more.
Suddenly the world of cottage industry and extensions of brick and mortar stores began to flourish and entrepreneurs began to willingly dip their toe into the cyber frontier.
This was a new way of doing business in the cutting edge of intangibles. No longer did business owners absolutely need a sales staff, no longer was an outgoing personality required for business startup, no longer did business mean a storefront.
Business Without Borders
The possibilities expanded as more and more businesses began to recognize their business could be presented in a global fashion.
Business had been so associated with a town, region or district, but online business could be conducted without barriers or distinctions.
Ecommerce allowed the ‘every man’ an opportunity to explore the world of business. What had been seen as elite and unattainable was suddenly an archaic notion. Ecommerce thrived on a ‘no discrimination’ policy. Entrepreneurs of all ages, racial distinctions and economic levels began to find value in marketing to a worldwide clientele who cared more for the product than the arena of personal definition that often made brick and mortar business more difficult.
An Interesting Paradigm
A phenomenon that has taken place in many ecommerce stores is the advent of a growing percentage of online sales while brick and mortar store sales are either static or in a slight decline. This seems to indicate a change in the purchasing decisions and shopping patterns of consumers.
Perhaps in the future we will see more product fulfillment centers and fewer brick and mortar storefronts as ecommerce continues to gain steam as a premier shopping alternative.
An Overview Of Entrepreneurship
In the field of business, the people involved in the playoffs are called the entrepreneurs. They are also referred to as businessmen. They own and run their own businesses. In the strictest sense, the definition of what a real entrepreneur is varies.
The only certain thing is that, entrepreneurs are very much involved in today’s American business arena. Tracing history back, it is said that the term entrepreneur has been conceivably recognized as an adamant part of the economic world only in the mid 1970s. The concept has then started to evolve with various meanings depending on the understanding of the society that gives meaning to it.
In an online dictionary as defined by the Webster’s Revised Unabridged Dictionary, in the year 1913, entrepreneur has been defined as the person who makes some products for his own benefit or account. This gives about the idea that the term has successfully evolved way back in the year 1913. Now such definition may quite be blurry.
How can a person be called an entrepreneur when he does nothing with that product aside form creating it? What term will be labeled to a person who takes other people’s products and make a success out of them? Will they be not branded as entrepreneurs too? According to Merriam-Webster dictionary, an entrepreneur is someone who organizes, who manages, and who assumes the risks posed by the business or enterprise world. Now this definition of an entrepreneur is richer in content compared with the first one. Risks-these are literally faced by entrepreneurs as they pursue with any type of investment in the market.
In a much formal definition of Ashoka, an entrepreneur goes to refer to an organizational society that promotes nothing but social change. Social entrepreneurs are those individuals who open up some new and major possibilities in the areas of health, education, environment, and all other areas of the human needs.
To drive a stricter point, the business entrepreneurs are those who lead the innovations in the world of commerce while the social entrepreneurs are those who drive social change in the society. In more ways than one, such definition all the more points out that those business entrepreneurs not only start with any type of business but they do promote change within the business range.
Dale Tucker, a personal entrepreneur, goes to define the term as an individual who decides to take hold and control of his own future and therefore become a self-employed person either by creating his own business or by working with a team just like what multi-level marketing means. On the other hand, Mark Hendricks suggests that for one person to be called an entrepreneur, he needs to be particularly daring. He must be able to meet the challenge of either winning or losing in the business. He therefore must be open to the possibilities of the results of the competition.
So how can an entrepreneur be tailored to be one? What business skills are required in order to become an entrepreneur? There are pointers that must be looked into before someone may divulge into any business venture. The following are some of the qualifications to look into:
Planning and organization. These include the setting up and the attainment of specific goals, qualification to enter into a commitment, and then being able to keep up with work schedules.
The capacity to handle money. Budget must be carefully determined, loans must be secured, funds must be raised, and all of the finances must be recorded. For all these things, an entrepreneur must be an expert.
The selling of products and ideas. An entrepreneur should be acquainted with the proper way of selling. In the world of business, the products whether they take the form of materials or ideas need to sell out in order to gain profit.
Management. Anyone who does not have the management skills is not fit to be an entrepreneur.
The ability to work with people. A good rapport is always needed in an entrepreneur. If he is unable to influence people then he will not likely succeed.
The ability to be a risk-taker. In the world of business, wins are not always secured. There are only two possibilities: winning and losing. Whichever phase confronts him, a good entrepreneur knows how to handle it.
Tips To Become A Successful Entrepreneur
When people think of the word entrepreneur, they automatically think of success. Unfortunately, not every person who is an entrepreneur is successful. Being an entrepreneur simply means starting your own business, and doing your own things. While this requires more drive than usual, and can breed most successful people, there are plenty of people out there who have tried, and failed, in their entrepreneurial activities.
With that being said, there are different things that can be done to help someone in their quest to be an entrepreneur. There is no formula for being a successful entrepreneur; every situation is different, meaning that the way to be successful in each situation is unique. There are a few tips that can help you to be the successful entrepreneur that you are looking to be, however.
1. Be Patient
Patience is one of the most important aspects of trying to become a successful entrepreneur. There is a lot of hard work that goes into trying to build your own company or start your own venture. While there will be amazing highs, there will also be near devastating lows. The patience required for a successful entrepreneur will help you to whether the bad times, allowing you to push through to the good. No venture is easy; having the patience to stick through it and keep a level head is crucial to becoming successful.
2. Pay Attention to Detail
Becoming a successful entrepreneur is all about making sure that everything you do is the correct step. While there will be setbacks and mistakes, minimizing these errors is what separates regular entrepreneurs from successful entrepreneurs. By paying attention to detail, you will consider every aspect and think about every decision in a precise manner. This attention to detail is crucial for avoiding missteps that can be costly and ultimately lead to the demise of your venture.
3. Never Go it Alone
While becoming a successful entrepreneur is all about becoming your own boss, making your own money, and owning your own venture or ventures, it is not something that should be done alone. Having connections and a support system is important to becoming a successful entrepreneur. Having connections will help you to make your path to success easier, as these connections can hook you up with deals and information that will help. Having a support system will help you to stay focused when the times become rough. Going through an entrepreneurial venture alone may make it too difficult to become successful.
While there are many different aspects to turning into a successful entrepreneur, these few tips are the basic building blocks that are needed in every situation. Possessing these skills will help you to deal with the individual and unique issues that will show themselves as you start your career or new venture. By being patient, paying attention to details, and having a support system, you can put yourself on the path to becoming that successful entrepreneur.
Pinoy Entrepreneur – Rads Sy
Pinoy Entrepreneur – Rads Sy
Rads Sy is considered to be one of the successful Filipino entrepreneurs. He is amongst the top most distributors of Resensa Green Iced Tea, direct marketing company and the flagship product of Harmonde. These days Rads works for sometimes, maybe for four hours in a day and it has been reported that he usually works via cell phone for doing the business. It is known that he usually helps his wife in teaching the kinds under a home study program and spends quality time with his family. It has been reported that his wife will give birth to the third child and they will move to the big house.
On the family background, he was second among four kids and he was supported by his dad who was a banker and his mother was a private secretary. Unfortunately, both of them got separated after some years of their marriage. Rads admitted that he was into drugs and crimes before he actually got serious into his business. Because of these reasons, he was thrown out of the house by his family members. Because of his visions and motivation to do well in his life, he could become the successful person. He made his name in distribution of products and network marketing.
He feels that the only thing required in product distribution and network marketing is the sheer determination and some hours of hard work. He also believes that this has provided the hope and enlightenment to the person like him who did not have much in his life, not even any diploma or college degree. However, in year 1990, he studied network marketing and product distribution for four months. He started as a local distributor end eventually ended up starting his own chains of friends and acquaintances that have helped grow his business. He came out with the strategy that the product distribution and network marketing is more than earning money. It is all about helping others before making money. This is because of the reason that unless people are not happy with you, your business will not grow. The products offered by his company are helping people in many ways.
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