Business Architecture of Fraud

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Business architecture is the architecture of each company within a company. For example, banks, the so-called Wall of China. It is not for walls, as if they were in the current architecture, but they are virtual walls, separate companies (unit) of the other, both in cases where no effect on d others.

It is, in which the banking business with (the acts of a possible share issue or IPO) and brokerage business, the agent on the information is confidential. If the driver feels in the bank, a possible effect on customers for money (illegal).

Business architecture is not visible, but must be displayed.

The best example of a vulnerable fraud Madoff architecture from the fall.

Business architecture is appropriate to draw three lessons from this case:

1. The profile of a leader is someone of activity. Madoff earned “respect” that the president of the Nasdaq Stock Exchange. But at this point. They trust your money to a (hedge funds), investors, the chairman of the Nasdaq? Is that, in a credible fashion that an investor biographical? A corridor (Nasdaq) is much more to an investor. Can you imagine, President Warren Buffet at the NYSE or Nasdaq? After an activity for Nasdaq, the whole of the labyrinth, a network of fraud. (but I agree with something, it’s easy if you know the injury was. posteriori that this will be a weak argument).

2. Is an optimal means of Santander, in hedge funds invested Madoff. Warned the administrators of the value for “mistakes” in hedge funds. In a page 35 (Source: El País) for listing of hedge funds, was the “possibility of fraud” that “neither the means nor the guardian is acting as depositary. Who then can we ask.

Architecture is something that the Business Analyst and (risk) management must be different from the lottery-and the organization around them.

3. Finally, the profile of a Risk Manager. Which is similar to a (private) Detective. The risk manager never, never stop asking questions and never stop the investigation and a risk manager is not alone out in the attic of his organization. Sometimes we all need the role of Detective. Check if a fish smell

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Media Relations in Business

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Transform relations with the media, it is essential to strong relationships with the media, not only for medium and large enterprises. Start a small business should enhance competition in the global economy. While competition arising from globalization, a close relationship with the media, allows small businesses to remain competitive in practice costs. It is increasingly important for companies, competitors and their conscience for the general public. However, many small businesses fear relations with the media, for fear of additional costs.

Relations with the media, our investment in small businesses. Media Consultant, time, commitment, dedication and financial charges, which in a small business. It is equally important, we know that the risk, if we forget the small businesses to invest in their relations with the media. Corporate profits are lacking, but if the public does not know your company and your products or services it offers.

A young company benefit especially their relations with the media and advertising in his preface to the public - as many publications and the public wants to know and write about it yet. Drawing special attention to the opening of the economy particularly, transparency and credibility of the company. In addition, many companies in developing effective responses to events, but in the public or political beliefs, the impact on their businesses. The result is more important than ever before careful thought, and history of the communication strategy should be the practice, reaching your audience at any given time.

Effectively with journalists and editors have a good understanding of the many types of outlets and their differences. Every aspect of the media have something different target groups and other ideas about what makes history. The view of a local journalist can vary from one country to another. To achieve that journalists and the public media, ie, a business can improve the structure and the media in the selection of targets for achieving the main target groups for its success. Many small businesses spend much of their advertising budget, but if you advertise the wrong message? Good relations with the press are invaluable, to ensure an advantage over your competitors to develop your communication, vision, product or service to the public.

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Business and the Law

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For generations, the government has done everything to care and feed for the economy. This is inevitable because the economy depends largely on the economy. For this reason, the government has done everything, protecting the economy. The government depends heavily by companies for their income. A portion of the economy is a government in the form of taxes. In return, these recipes are for the financing of government of the country.

The public sector partners have been in class for a long period of time. One of them is very dependent on others. With these two sectors of society is one of the two parts of the relationship. Правительство устанавливает законы, которые должны регулировать коммерции и бизнеса в стране. These laws have been considered as a form of combat, to ensure that all types of businesses and trade, are in conformity with the law. Most of these laws were to protect the company in the country, and they thrive. The reason is simple. If the company is well protected, and to do so would mean that industry, if necessary, the government revenue.

Based on these relationships, and entrepreneurs have a step further and lobbying laws that are approved by Congress. These laws were designed for your business more efficient, some of these laws was designed for illegal operations in the law, others were in support of man, to the market better than their competitors . Although this practice may be illegal, many elected officials and representatives for the selection of public officials in the other direction, and ignore them, because these companies as an important contribution to the campaign funds come from his choice . These laws are still ignored by businesses and foundations broken, without regret of his friends, who ignores the problem to such an extent that an additional treasury staff official.

This type of relationship the companies leak almost everything, provided they pay taxes on time. But that is because, in this regard that the international economy has plunged into a crisis during the last years, however, because there is no effective control of the relationship between government and economy. This situation would not have been done if the government that the correct application of laws, for these companies into compliance. The public sector should be a business relationship with a professional level. The company should not be allowed to dictate the laws are adopted and that waste. Lack of control by the state in the economy can have disastrous consequences for the economy. A good example is an incident, AIG, which is the main reason for the great economic crisis. Despite the fact that businesses should the government for the welfare of the economy, the government must also ensure compliance of the economy for the same reason.

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