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SCMSDC Connections August 2014

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August 2014 www.scmsdc.org IN THIS ISSUE Celebrating 30 years of leadership excellence Kaiser, Bank of America join Billion Dollar Roundtable Smart tips for MBEs News briefs CONNECTIONS MONTHLY NEWSLETTER UPCOMING EVENTS LAUSD Small Business Boot Camp Seminars September 10 - November 5 Wednesdays 5:30 to 8 p.m. Sponsored by the Los Angeles Unified School District, this 9-week program provides the necessary tools to improve your competitive capacity. At its conclusion, small business contractors will be ready to bid on LAUSD and other public contracts. Course topics include: bonding/certification, how to develop a safety plan, public contract law, access to capital, marketing and more. For informa- tion, contact Ken Billups, kenneth.- [email protected]. Register at: www.laschools.org/sbe Represenng a wide array of industries, they have taken the lead in advancing supplier diversity by creang, promot- ing and implemenng inia- ves that support the devel- opment and growth of minority business enterprises (MBEs). And, on October 1, their outstanding achieve- Celebrating 30 years of leadership excellence ments will be recognized at SCMSDC’s 30th annual Leader- ship Excellence Awards, which will be held from 6 p.m. to 9 p.m. at the Beverly Wilshire Hotel in Beverly Hills. The council will be honoring several corporate members that have been nominated for Corporaon of the Year Awards by SCMSDC's Minority Business Enterprise Input Commiee (MBEIC). This year’s naonal award nominees include: Kaiser Permanente; MillerCoors; Nestlé North America; Northrop Grumman Corp.; Randstad; Southern California Gas Co.; The Walt Disney Company; Toyota; Union Bank; and US Bank. Local corporate members nomi- nated include USC, American Honda Motor Co., and Los Angeles World Airports. As leaders of the approximately 1,600 MBEs cerfied by SCMSDC, the MBEIC annually nominates local and naonal corporate members for exemplary achievements in minori- ty supplier development and creang business opportuni- es in the minority community. The Naonal Minority Sup- plier Development Council’s (NMSDC) naonal corporate nominees compeng for the NMSDC Corporaon of the Year Award are automacally placed in compeon for the local, regional council award. Winners are selected based on a pre-established point system by six MBEs (three MBEIC members and three MBEs Emcee Danny Romero addresses the sold-out crowd during the 2013 Leadership Excellence Awards.
Transcript
  • August 2014www.scmsdc.org

    IN THIS ISSUE

    Celebrating 30 years of leadership excellence

    Kaiser, Bank of America join Billion Dollar Roundtable

    Smart tips for MBEs

    News briefs

    CONNECTIONSMONTHLY NEWSLETTER

    UPCOMING EVENTS

    LAUSD Small Business Boot Camp SeminarsSeptember 10 - November 5Wednesdays 5:30 to 8 p.m.Sponsored by the Los Angeles Unied School District, this 9-week program provides the necessary tools to improve your competitive capacity. At its conclusion, small business contractors will be ready to bid on LAUSD and other public contracts. Course topics include: bonding/certication, how to develop a safety plan, public contract law, access to capital, marketing and more. For informa-tion, contact Ken Billups, [email protected]. Register at: www.laschools.org/sbe

    September 10 - 5 to 7 p.m.Hosted by FCI Management ConsultantsThe SCMSDC MBEIC invites you to enjoy an evening of premier business networking. Don't miss this opportuni-ty to make new contacts, raise your prole and "work" your certication with other MBEs, members of the MBEIC and select corporate members. Cost is $30.

    City Toastmasters Club Meeting September 11, 25 - 9 to 11 a.m. SCMSDC HeadquartersParticipants will hone speaking and leadership skills in a friendly and non-threatening atmosphere. The SCMSDC chapter caters to business owners and their employees. Contact: Natalie Masiello, [email protected] or 213-689-6963.

    MBE OrientationSeptember 25 - 2 to 4 p.m.SCMSDC HeadquartersTake advantage of this opportunity to learn how to best leverage your MBE certication and how the council can help. Great for newly-certied, those who are pending certication and others who have been certied but would like to get connected. Free event Parking is not validated.

    Leadership Excellence AwardsOctober 1Beverly Wilshire Hotel, Beverly HillsThis event will celebrate, recognize and honor an individual whose leadership makes a positive impact on the minority business communi-ty as well as corporations that have achieved supplier diversity excel-lence.

    Visit www.scmsdc.org for more events.

    Representing a wide array of industries, they have taken the lead in advancing supplier diversity by creating, promot-ing and implementing initia-tives that support the devel-opment and growth of minority business enterprises (MBEs). And, on October 1, their outstanding achieve-

    Celebrating 30 years of leadership excellence

    ments will be recognized at SCMSDCs 30th annual Leader-ship Excellence Awards, which will be held from 6 p.m. to 9 p.m. at the Beverly Wilshire Hotel in Beverly Hills.

    The council will be honoring several corporate members that have been nominated for Corporation of the Year Awards by SCMSDC's Minority Business Enterprise Input Committee (MBEIC). This years national award nominees include: Kaiser Permanente; MillerCoors; Nestl North America; Northrop Grumman Corp.; Randstad; Southern California Gas Co.; The Walt Disney Company; Toyota; Union Bank; and US Bank. Local corporate members nomi-nated include USC, American Honda Motor Co., and Los Angeles World Airports.

    As leaders of the approximately 1,600 MBEs certied by SCMSDC, the MBEIC annually nominates local and national corporate members for exemplary achievements in minori-ty supplier development and creating business opportuni-ties in the minority community. The National Minority Sup-plier Development Councils (NMSDC) national corporate nominees competing for the NMSDC Corporation of the Year Award are automatically placed in competition for the local, regional council award.

    Winners are selected based on a pre-established point system by six MBEs (three MBEIC members and three MBEs

    at large) and ve invited leaders of diverse advocacy orga-nizations in Southern California.

    The council will also be presenting its prestigious Leader-ship Excellence Award to Bill Imada, founder, chairman and chief collaboration ocer of IW Group, a minority-owned and operated advertising, marketing and communications agency focusing on the growing multicultural markets. The award is given to an individual whose leadership has made positive impacts and advanced the economic development of minority-owned businesses.

    Previous Leadership Excellence Award recipients include former Assemblywoman Gwen Moore; Ron Litzinger, presi-dent of the Southern California Edison; Robert Bob Iger, chairman and CEO of The Walt Disney Company; and Earvin Magic Johnson, chairman and CEO, Magic Johnson Enter-prises and founder and chairman, Magic Johnson Founda-tion.

    The Leadership Excellence Awards is one of our most pres-tigious events as corporate members and MBEs come together to honor the best of the best in a formal, black-tie aair, says SCMSDC President Virginia Gomez. Our Lead-ership Excellence Award recipient, as well as all of our Cor-poration of the Year Award nominees, are highly deserving of the councils recognition for their extraordinary work to not only advance supplier diversity, but bring economic benets and job growth to local communities.

    Please plan to join us for the Leadership Excellence Awards. This aair is an excellent opportunity to network with corporate members and MBEs.

    Emcee Danny Romero addresses the sold-out crowd during the 2013 Leadership Excellence Awards.

  • September 10 - 5 to 7 p.m.Hosted by FCI Management ConsultantsThe SCMSDC MBEIC invites you to enjoy an evening of premier business networking. Don't miss this opportuni-ty to make new contacts, raise your prole and "work" your certication with other MBEs, members of the MBEIC and select corporate members. Cost is $30.

    City Toastmasters Club Meeting September 11, 25 - 9 to 11 a.m. SCMSDC HeadquartersParticipants will hone speaking and leadership skills in a friendly and non-threatening atmosphere. The SCMSDC chapter caters to business owners and their employees. Contact: Natalie Masiello, [email protected] or 213-689-6963.

    MBE OrientationSeptember 25 - 2 to 4 p.m.SCMSDC HeadquartersTake advantage of this opportunity to learn how to best leverage your MBE certication and how the council can help. Great for newly-certied, those who are pending certication and others who have been certied but would like to get connected. Free event Parking is not validated.

    Leadership Excellence AwardsOctober 1Beverly Wilshire Hotel, Beverly HillsThis event will celebrate, recognize and honor an individual whose leadership makes a positive impact on the minority business communi-ty as well as corporations that have achieved supplier diversity excel-lence.

    Visit www.scmsdc.org for more events.

    Representing a wide array of industries, they have taken the lead in advancing supplier diversity by creating, promot-ing and implementing initia-tives that support the devel-opment and growth of minority business enterprises (MBEs). And, on October 1, their outstanding achieve-ments will be recognized at SCMSDCs 30th annual Leader-ship Excellence Awards, which will be held from 6 p.m. to 9 p.m. at the Beverly Wilshire Hotel in Beverly Hills.

    The council will be honoring several corporate members that have been nominated for Corporation of the Year Awards by SCMSDC's Minority Business Enterprise Input Committee (MBEIC). This years national award nominees include: Kaiser Permanente; MillerCoors; Nestl North America; Northrop Grumman Corp.; Randstad; Southern California Gas Co.; The Walt Disney Company; Toyota; Union Bank; and US Bank. Local corporate members nomi-nated include USC, American Honda Motor Co., and Los Angeles World Airports.

    As leaders of the approximately 1,600 MBEs certied by SCMSDC, the MBEIC annually nominates local and national corporate members for exemplary achievements in minori-ty supplier development and creating business opportuni-ties in the minority community. The National Minority Sup-plier Development Councils (NMSDC) national corporate nominees competing for the NMSDC Corporation of the Year Award are automatically placed in competition for the local, regional council award.

    Winners are selected based on a pre-established point system by six MBEs (three MBEIC members and three MBEs

    at large) and ve invited leaders of diverse advocacy orga-nizations in Southern California.

    Attendees enjoying the reception at the 2013 Leadership Excellence Awards

    The council will also be presenting its prestigious Leader-ship Excellence Award to Bill Imada, founder, chairman and chief collaboration ocer of IW Group, a minority-owned and operated advertising, marketing and communications agency focusing on the growing multicultural markets. The award is given to an individual whose leadership has made positive impacts and advanced the economic development of minority-owned businesses.

    Previous Leadership Excellence Award recipients include former Assemblywoman Gwen Moore; Ron Litzinger, presi-dent of the Southern California Edison; Robert Bob Iger, chairman and CEO of The Walt Disney Company; and Earvin Magic Johnson, chairman and CEO, Magic Johnson Enter-prises and founder and chairman, Magic Johnson Founda-tion.

    The Leadership Excellence Awards is one of our most pres-tigious events as corporate members and MBEs come together to honor the best of the best in a formal, black-tie aair, says SCMSDC President Virginia Gomez. Our Lead-ership Excellence Award recipient, as well as all of our Cor-poration of the Year Award nominees, are highly deserving of the councils recognition for their extraordinary work to not only advance supplier diversity, but bring economic benets and job growth to local communities.

    Former Assemblywoman Gwen Moore (second from left) receives the 2013 Leadership Award from Assemblyman Steven Bradford, SCMSDC President

    Virginia Gomez and SCMSDC Board Chair Joe Alderete.

    Please plan to join us for the Leadership Excellence Awards. This aair is an excellent opportunity to network with corporate members and MBEs.

  • Capacity building: The process of developing and strengthening the skills, instincts, abilities, processes and resources that organizations and communities need to survive, adapt, and thrive in the fast-changing world.

    Capacity building is critical for any business, but it's particularly challenging for small and minority-owned businesses. Oftentimes, they are qualied to take on more customers, yet they lack the capacity, or the skills, knowledge, process-es, and/or nancial backing, to compete for larger con-tracts.

    Without expanding capacity, minority business enter-prises (MBEs) can't grow and prosper as corporations are not likely to give them bigger contracts. In many

    Smart tips for MBEs

    cases, corporations have contracts to award MBEs, but they cant nd suppliers with the capacity to handle the jobs. Thus, MBEs are unable to take their businesses to a higher level.

    Here are a few simple ways MBEs can build capacity:

    Skills improvement: As your business grows, you may nd that you are lacking the necessary skills to run all aspects of your business, such as nance and account-ing. Take the time to learn and build those skills. You can also seek the advice of others, such as business consultants, to ll in any gaps.

    Better systems: Theres always room for improvement in any operations. Are there systems in place or is everything informal? Oftentimes, small businesses do things a certain way because thats the way its been done in the past. Evaluate your systems and look for ways to increase eciencies and productivity and lower costs. Also, document procedures so you wont miss a beat if an employee leaves.

    Create partnerships: If youre not able to meet the requirements of a contract because you lack skills or experience, consider partnering with another MBE that has the strengths in areas where youre weak. Youll gain experience in a new area and will be able to market it for another project.

    Seek advice and tips: Its always a good idea to get advice from others. Attend SCMSDC events and ask other MBEs to share information on how they won larger contracts. They may be able to share resources and provide connections to pursue, or even want to partner with you on a contract.

    By taking the time to learn, improve, create partner-ships and seek advice, youll soon have the capacity you need for future growth.

    Building capacity for future growth

    Kaiser, Bank of America join Billion Dollar Roundtable

    Congratulations are in order for two corporate members -- Kaiser Permanente and Bank of America for becoming the two newest mem-bers of the Billion Dollar Roundtable (BDR).

    Kaiser Permanente and Bank of America are the rst in their indus-tries to receive this distinction, and join 18 other U.S.-based corporations that spend $1 billion or more annually for a broad range of goods and services with certied diverse companies whose majority owners are minorities and women. The BDR, created in 2001, inducts new members biannually.

    Bank of America and Kaiser Permanente are two of the nations most important and inuential corporations. Like our 18 other corporate members, Bank of America and Kaiser Permanente are demonstrating their commitment each and every day to the principles of corporate sup-ply-chain diversity and inclusion, said Sharon Patterson, BDR president and CEO.

    Other BDR members include AT&T Corp.; Avis Budget Group; The Boeing Company; Chrysler LLC; Dell Inc.; Ford Motor Corp.; General Motors Corp.; Honda; IBM Corp.; Johnson & Johnson; Johnson Controls, Inc.; The Kroger Co.; Lockheed Martin Corp.; Microsoft; Procter & Gamble Co.; Toyota Motor North America, Inc.; Verizon Communica-tions, Inc.; and Wal-Mart Stores, Inc.

  • Capacity building: The process of developing and strengthening the skills, instincts, abilities, processes and resources that organizations and communities need to survive, adapt, and thrive in the fast-changing world.

    Capacity building is critical for any business, but it's particularly challenging for small and minority-owned businesses. Oftentimes, they are qualied to take on more customers, yet they lack the capacity, or the skills, knowledge, process-es, and/or nancial backing, to compete for larger con-tracts.

    Without expanding capacity, minority business enter-prises (MBEs) can't grow and prosper as corporations are not likely to give them bigger contracts. In many

    cases, corporations have contracts to award MBEs, but they cant nd suppliers with the capacity to handle the jobs. Thus, MBEs are unable to take their businesses to a higher level.

    Here are a few simple ways MBEs can build capacity:

    Skills improvement: As your business grows, you may nd that you are lacking the necessary skills to run all aspects of your business, such as nance and account-ing. Take the time to learn and build those skills. You can also seek the advice of others, such as business consultants, to ll in any gaps.

    Better systems: Theres always room for improvement in any operations. Are there systems in place or is everything informal? Oftentimes, small businesses do things a certain way because thats the way its been done in the past. Evaluate your systems and look for ways to increase eciencies and productivity and lower costs. Also, document procedures so you wont miss a beat if an employee leaves.

    Create partnerships: If youre not able to meet the requirements of a contract because you lack skills or experience, consider partnering with another MBE that has the strengths in areas where youre weak. Youll gain experience in a new area and will be able to market it for another project.

    Seek advice and tips: Its always a good idea to get advice from others. Attend SCMSDC events and ask other MBEs to share information on how they won larger contracts. They may be able to share resources and provide connections to pursue, or even want to partner with you on a contract.

    By taking the time to learn, improve, create partner-ships and seek advice, youll soon have the capacity you need for future growth.

    If you attended the August MBE 2 MBE Open House, hosted by Sanders, Roberts & Jewett LLP, an independent legal rm specializing in multiple areas of business litiga-tion, you were treated to a panoramic view of the city,

    What better way to spend a relaxing evening than networking with fellow minority business enterprises (MBEs) in beautiful downtown Los Angeles?

    News briefsMBE 2 MBE Open House

    great food and an animated, exhilarating group of MBEs.

    The event attracted more than 50 people, most of whom were in the professional services industry, especially law. Corporate attendees included Ricoh USA and the City of Los Angeles.

    SCMSDC encourages MBEs to view one another as poten-tial customers and clients, and as companies that may complement one another to go after larger contracts. The open houses bring them together for an evening of premier business networking and potential teaming, part-nering and strategic alliances.

    The next MBE 2 MBE Open House will be held Sept. 10 and will be hosted by FCI Management Consultants, locat-ed in Long Beach. Cost is $30. Register at http://mbe2mbesept.eventbrite.com.

  • If you attended the August MBE 2 MBE Open House, hosted by Sanders, Roberts & Jewett LLP, an independent legal rm specializing in multiple areas of business litiga-tion, you were treated to a panoramic view of the city,

    Company culture not limited to large rms

    If you think the culture of a company is only important to large corporations, think again. Company culture is also key to the success of small businesses, particularly as they grow, according to new research.

    A recent Business News Daily article reports that nearly 60 percent of entrepreneurs believe that company culture grows in signicance as the number of employees at the business increases. Culture becomes even more important to businesses, particularly after the 10th employee joins the team," the researchers wrote in a study by Turnstone, an oce design rm. The study was based on surveys of 515 small and managers of compa-nies that had fewer than 100 employees.

    What better way to spend a relaxing evening than networking with fellow minority business enterprises (MBEs) in beautiful downtown Los Angeles?

    Eighty-nine percent of small business owners surveyed said that culture is an important contribu-tor to a company's success, yet less than one-third said they were satised with their current culture. Business owners also reported that compa-

    great food and an animated, exhilarating group of MBEs.

    The event attracted more than 50 people, most of whom were in the professional services industry, especially law. Corporate attendees included Ricoh USA and the City of Los Angeles.

    SCMSDC encourages MBEs to view one another as poten-tial customers and clients, and as companies that may complement one another to go after larger contracts. The open houses bring them together for an evening of premier business networking and potential teaming, part-nering and strategic alliances.

    The next MBE 2 MBE Open House will be held Sept. 10 and will be hosted by FCI Management Consultants, locat-ed in Long Beach. Cost is $30. Register at http://mbe2mbesept.eventbrite.com.

    Kudos to MBE Magazine

    Congratulations to Barbara Oliver and MBE Magazine for their phenomenal reporting of newsworthy issues regard-ing the minority and women business community, procurement, supplier diversity and other topics that impact this community.

    Founded in 1984, the maga-zine, dedicated to the success of minority and women business owners, celebrates its 30-year anni-versary serving as a crucial information source to the supplier diversity communi-ty, chronicling news signi-cant to diverse suppliers.

    Originally a corporate member of SCMSDC under Ginger Conrad, the magazine was purchased in 2012 by Oliver, publisher and president of the minority and wom-an-owned Enterprise Publishing Inc.

    Join the MBE Magazine team this November for its 30th anniversary celebration at the National Minority Supplier Development Councils conference in Orlando, Florida.

    ny culture aects them positively by boosting productivity and creatively, attracting and retain employees and customers and helping the business become more prot-able.

    The study revealed that business owners need to improve their company culture by doing a better job of motivating employees and boosting team spirit and collaboration and oering more oce perks, such as free meals, wellness programs and exible work arrangements. Entrepreneurs also acknowledged that company cultures could be improved by improving the oce environment, helping employees take control of their growth and development and oering learning and development opportunities.

  • If you think the culture of a company is only important to large corporations, think again. Company culture is also key to the success of small businesses, particularly as they grow, according to new research.

    A recent Business News Daily article reports that nearly 60 percent of entrepreneurs believe that company culture grows in signicance as the number of employees at the business increases. Culture becomes even more important to businesses, particularly after the 10th employee joins the team," the researchers wrote in a study by Turnstone, an oce design rm. The study was based on surveys of 515 small and managers of compa-nies that had fewer than 100 employees.

    BE HEARD!Do you have a story idea or would you like to author an article for Connections? We'd love to hear from you!

    Contact Vicki Cho Estrada at [email protected].

    Visit www.scmsdc.org to learn more about minority busi-ness enterprise (MBE) certication, the MBE Health Insur-ance program, major networking events, business devel-opment programs and more!

    VISIT OUR WEBSITE

    Eighty-nine percent of small business owners surveyed said that culture is an important contribu-tor to a company's success, yet less than one-third said they were satised with their current culture. Business owners also reported that compa-

    ny culture aects them positively by boosting productivity and creatively, attracting and retain employees and customers and helping the business become more prot-able.

    The study revealed that business owners need to improve their company culture by doing a better job of motivating employees and boosting team spirit and collaboration and oering more oce perks, such as free meals, wellness programs and exible work arrangements. Entrepreneurs also acknowledged that company cultures could be improved by improving the oce environment, helping employees take control of their growth and development and oering learning and development opportunities.


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