IBM is a prominent name in technology. It has a rich past. The company was established in 1911. They celebrated their centenary with a series starring 100 people to explain its contributions to society. Joe Pytka, an influential commercial filmmaker, directed "100x100", and Errol Morris, an Academy Award-winning documentary director, shot "They were There". Philip Glass also provided music.
Hollerith punchcard - ibm
IBM's Hollerith Punch Card was inspired by a system used in textile manufacturing as early as 1725. Joseph Marie Jacquard later used this method to create a silk portrait. In 1832, Semen Korsakov used punch cards to store information. IBM's Hollerith punch card would be used to record census data, and would ultimately lead to the formation of IBM.
The alliance between IBM and Nazi Germany was formed in 1933. Its subsidiaries helped to develop various Nazi-era enabling technologies. German authorities needed a way of quickly and accurately identifying Jews to ensure that they could be targeted for annihilation. IBM's Hollerith punch cards machines were an important tool in this process.
Magnetic stripe from ibm
IBM's story with the magnetic stripe began when an engineer tried to devise a way of attaching magnetic media onto plastic cards. He was familiar with magnetic tape and believed it would be easy to combine them. But his wife suggested an alternative. She suggested melting the magnetic stripe onto the plastic card. IBM was the first to utilize this technology for commercial purposes.
The company was seeking to create a system for recording financial information and personal identification. They needed a way to decode personal information and make it easier to find the data. A team of researchers was assembled to create a system that could do exactly this. IBM adopted magnetic stripe technology following the completion of their research and began rolling-out employee ID cards.
IBM's first computer
Arthur Rackham, born April 5, 1911 was a leading figure in the introduction IBM's computers. He was an entrepreneur and a mathematician who studied at Drake University, Iowa State College, Columbia University, and MIT. Later, he became the head of IBM's research and development division.
The United States Air Force asked IBM for an electro-mechanical bombsight to be developed during the war. However, the company was still skeptical about the future electronic computing. Tom Watson, Jr., felt at the time that IBM was not moving quickly enough towards electronic computing. He had an idea to create an electronic computer capable of performing scientific computations.
IBM's research
The IBM Archives showcase the company’s achievements and progression over the years. IBM currently has 195,000 employees and 350 Distinguished Engineers. It also has 60 IBM Fellows. NetObjects Technologies, CommQuest Technologies were acquired by the company. Many of its product lines are now in use in the business world.
The company saw steady growth in sales. Wall Street considered it a giant at the time. The company's profits increased by nearly $16billion by 1984. Wall Street's favorite company was IBM Corporation. In addition, IBM was perceived as the only company that could compete with Japanese companies. It was even the subject for a best-selling book.
IBM's stock purchasing plan
The IBM Stock Purchase Plan, a retirement plan that allows eligible IBM employees the opportunity to purchase common stock of the company, is called the IBM Stock Purchase Plan. Originally, IBM employees were compensated 85 percent of average market prices on the first- and last-day of each offering period. IBM altered the terms of its plan in 2005 to allow eligible participants to buy fractional or complete shares of IBM stock for a five percent discount on the average market prices the day they purchased them.
All shares purchased under the Plan can be resold at any time. Sometimes, the process can be stopped entirely. The shares can then be bought on the open market or as treasury shares.
FAQ
Why should consultants be hired?
There are many reasons to hire consultants.
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A specific project or problem may be a challenge for your company.
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You want to improve your own skills or learn something new
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You would like to work with an expert in your field.
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You have no other choice but to do the job.
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You feel overwhelmed by all the information and don’t know where to begin.
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You cannot afford to pay someone fulltime
Referrals are the best way for you to find a qualified consultant. Ask around if anyone knows any reputable consultants. Ask someone you already know to recommend a consultant.
You can use online directories such as LinkedIn to find consultants in your local area.
What kind of jobs are there for consultants?
You will need to be able to understand business strategy and operations if you want to work as a consultant. You must also understand how businesses operate and how they fit into society.
A career as a consultant requires you have great communication skills and a strong ability to think critically.
Consultants must be adaptable because they may be asked to do different tasks at different times. They must be able and willing to adapt quickly to changes in direction.
They must be prepared to travel extensively for the clients they represent. This type of work can take them all over the world.
They need to be able and able to manage pressure and stress. Sometimes consultants are required to meet tight deadlines.
As a consultant, you may be expected to work long hours. You may not get overtime pay.
What is the average salary of a consultant?
Some consultants make over $100k per year. However, most consultants only make $25-$50k. The average consultant salary ranges from $39,000 to $39,000. This includes both salaried as well hourly consultants.
Salary depends upon experience, location, industry and type of contract (contractor/employee). It can also depend on whether the consultant has their own office or works remotely.
Do I have to pay tax on consulting income
Yes, tax will be payable on any consultancy profits. The amount you earn depends on your annual income.
You can also claim expenses if you are self-employed. This includes rent, childcare, food, and transportation.
However, you cannot deduct interest payments from loans, vehicle repairs, or the cost for equipment.
If you earn less than PS10,000 per year, 25% can be claimed back.
But even if you're earning more than this threshold, you might still be taxed depending on whether you're classed as a contractor or employee.
Employees are generally taxed through PAYE (pay as you earn) and contractors through VAT.
What is the average price you should charge for a consulting job?
It depends on your offering. It doesn't matter if you offer services at no cost. However, if you are selling products or services, then you need to set prices based on value.
If you're providing low-quality service, you don’t have anything to offer. So why would anyone pay you anything?
You may be able to ask for a higher price if you offer high-quality services. This is because people know the value that you provide. Also, clients who purchase multiple packages from your company may get discounts.
Can anyone become a consultant
A consultant is someone who assists you in achieving your goals by offering advice and suggestions on how to achieve it faster, cheaper, and so forth.
You may need a consultant to help you with problems, make decisions or negotiate with others.
Consultants are often hired for specific projects or tasks.
In reality, consultants are generally paid hourly or daily rates and not per project.
Which industries use consultants
There are many types and styles of consultants. Some are specialists in one type or another of business.
Some consultants work exclusively for private businesses, while others represent large corporations.
Some consultants are available to help businesses around the world.
Statistics
- Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
- According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
- My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
- So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)
- WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
External Links
How To
What does a typical consultant's day look like?
The type of work that you are doing will affect the typical day. But generally speaking, you will spend time researching and planning new ideas, meeting clients, and preparing reports.
You will have many meetings where clients and you can discuss their issues. These meetings may be over the phone via email, on-line, or face-to–face.
The proposal is a document that outlines your ideas and plans to clients. You'll need to discuss your proposals with a mentor, colleague, or friend before you present them.
After all the preparation, you'll need to start creating content. This could include writing articles, designing websites or editing photos.
Depending on your project's scope, it may be necessary to do research to get relevant statistics. For instance, you might want to find out how many people you have and if they are buying more than just one product or service.
After gathering enough information, you can present your findings to clients. Your findings may be delivered orally, or written.
After the initial consultation, it is important to follow up with clients. For example, you might call them periodically to see how things are going or send emails asking them to confirm that they received your proposal.
Although this process can take time, it is important to stay focused and build good relationships with your clients.