When you start playing Simcountry as a CEO, you start with nothing. There is no country or citizens to take care of. These are taken care of by the presidents of countries. The enterprise is initially empty. It does not have any money and it does not owe anything to anyone. There are no loans and no cost or income.
You may start looking for a place to setup your first corporation. New CEOs can easily build their corporations in Computer Controlled Countries (C3s), these are countries that do not have a president. These countries are run by an automatic procedure and their economy is OK. They have some unemployment and will be happy to allow you to build a new corporation. New players can start building in C3 countries and are unable to build in president controlled countries until they have six corporations in C3 countries.
CEOs need permission to build new corporations in countries with presidents and some presidents are not so happy to accept anyone they do not know and may refuse permission. C3s are always willing and permission is immediate. A CEO with at least six corporations can start building in countries with presidents.
Another way to quickly increase the number of corporations you own is to bid for buying corporations owned by the Gamemaster Corporations Enterprise. This enterprise receives ownership of corporations that do not have any player as a share holder. If an enterprise is abandoned, corporations may end up in the Gamemaster Corporations Enterprise.
Corporations that have investment funds as the only shareholders are also placed in the Gamemaster Corporations Enterprise and can be bought by any enterprise.
When building a new corporation, you may choose the products you want to produce and start the construction of corporations. While doing so, you may discover that the country you try to build in, does not have enough unemployed workers for the corporation you want to build.
You can try and find a different country to build in but you may also decide to build the corporation anyway. You can do so if the country has at least some of the workers you need in all groups of workers that are needed in that corporation. This may change. in most cases we now require that all the needed workers must be available when you try to build the corporation.
Workers in the countries tend to move between corporations and find better jobs that will pay more. If you set salaries in your corporations at a level that compete with the salaries in other corporations in the same country, workers will move to your corporations and you will be able to produce at full capacity.
You may also choose to launch a bid for an existing corporation in any of the countries. You will compete against other bidders and against the current owner of the corporation, who may do his best to improve his corporation, increase its value and block your bid. Increasingly, presidents understand that private and public corporations are great contributors to their country's economy and they allow them to build.
An increasing number of presidents are looking for CEOs to build corporations in their countries and publish their requests on the forum.
The money you need for the building of new corporations or for the takeover of existing corporations will come from your cash if you have any or from loans you can ask for or you get automatically when your enterprise cash is negative. These loans must be paid back and you also pay interest. Players receive initial donations of game cash and also Gold coins that can be exchanged into game money.
Most corporations become profitable and pay taxes to the country where they reside and pay some of the profit after tax, to the enterprise. Corporations will also increase in value and increase the total asset value of the enterprise.
Corporations that are owned by Enterprises are private corporations. These corporations are either set up by a CEO and have always been private corporations or they have been purchased by the enterprise from a country and changed from state corporations into private corporations.
Private corporations are bound by the same rules as state and national corporations. The way business is conducted is the same. Many details on how corporations function are described in the corporations document.
Private corporations pay taxes to the country where they reside and share profits with their owner, the enterprise. Private corporations are allowed to transfer cash in and out of the corporations to the Enterprise.
Private corporations also pay a percentage of their turnover to the country as a contribution for cost to the country and as an extra profit sharing with the country where they reside.
The amounts involved are high and constitute a major contribution to the country. The revenue sharing is an important reason why many presidents want to have many private corporations in their country. Most large and successful presidents have many private corporations in their countries.
Private corporations can go public. CEOs can try and bring their corporations to the stock exchange if they reach a certain market value and the required P/E level. The required levels are showing on the corporation page.
Taking corporations public means that some of the shares in the corporation will be sold and the owner of the enterprise selling these shares will receive the proceeds from such sales.
Managing your corporations is the most important part of the CEO game. Corporate income is essential for the enterprise that will use profits to setup or purchase more corporations. The corporation�s document explains the way corporations work in more details.
The key to success in the enterprise game is the production of products and services and successfully selling them. This can be achieved through contracts with other players, participation in a common market or by selling the products on the open market. Products can also trade on the space market.
Make sure you produce and sell at full capacity. If you succeed in utilizing your industry to the full, your corporations will make good profits.
The production levels in the enterprise corporations depends on the hiring levels and availability of products but it also depends on the welfare in the countries where the corporations reside and the salary level in the corporations.
The salaries are managed by the CEO and increasing them will help in maintaining 100% hiring and will increase the motivation of the workers and the corporate welfare index.
The country welfare index however, depends on the president of the country and is an important factor in the corporate welfare index. It is important that the CEO can communicate with the president of the country and convince the president to improve condition in the country to optimize the welfare index. It is good for both as the corporations will become more profitable and will earn more both for the president and the CEO.
The welfare index in C3 countries is at a good level.
The employment in the enterprise is also a measure for its success. Enterprises employ workers in their corporations and can only be successful if their corporations employ all the people they need and are able to produce at full capacity.
The ability to hire the people these corporations need depends on the salaries that are paid by the private corporations in comparison with salaries in other private corporations and in state owned corporations. The higher the salaries are, the more workers these corporations will be able to hire.
This creates competition between corporations in the country and can drive salaries very high, resulting in high cost for the corporations and reduction of their profits.
Corporation owners in a country will be smart to discuss salaries with the country's president to avoid this process. If they succeed, they may become more profitable and end up with more successful corporations with higher market value and a higher score.
Another aspect in employment is the availability of the people the corporation needs. A country president is able to set education priorities such that they will fit the needs of the corporations he owns. The enterprise is not able to change the education priorities and depends on the good will of the president in setting up the education priorities so that the needs of the enterprises are also satisfied.
It is the interest of every president to make sure that all the corporations in her/his country can find all the workers they need and function at full capacity.
Most countries have 25 to 250 corporations. Some countries with a very large population have many more corporations. As an enterprise leader, you may search and find successful corporations and make bids to purchase them. Some of the corporations cannot be purchased as countries may label up to 24 corporations as national industries.
To purchase such a corporation, you must make an offer, giving other enterprises the opportunity to bid for the same. The corporation will be awarded to the highest bidder about 24 hours after the first bid came in. Bidding will start at a minimum price as determined to be a fair start price for the corporation.
Bidding may continue by multiple bidders who are increasing their bidding price up to the closing moment when the corporation is awarded to the highest bidder. A bid can be withdrawn in the first 10 to 15 minutes after it was made.
During the bidding process, the corporation can become more successful and its market value may increase. If the market value of the corporation increases during the bidding process and becomes higher than the highest bid, than a higher bid is needed to purchase the corporation. If a higher bid is not available at the closing of the bidding process and the market value of the corporation is higher than the highest bid, the corporation will not be sold.
Many corporation owners, mainly presidents, are unhappy to see their corporations taken over by private enterprises. Presidents can use a game setting that makes it impossible to purchase their corporations. This is not in their own interest but some do not yet understand the advantages of private and public corporations in their countries.
When you offer to purchase a corporation that is owned by a president or a CEO, you must be a Premium Member and you must be a player for at least 42 days. New players are free to bid for any corporations that are owned by countries that do not have a president or for all corporations that are owned by the "Gamemaster Enterprise".
10. Purchasing Corporations from the "Gamemaster Corporations Enterprise". [ top ]
The Gamemaster Corporations Enterprise is the place where many corporations are moved if their owner is bankrupt or cease to exist in any other way.
The "Gamemaster Corporations Enterprise" has many corporations that can be purchased at a relatively low price. Many of these corporations are very profitable or can easily become profitable if handled correctly.
Purchasing corporations from the Gamemaster Corporations Enterprise is fast and easy. You can bid for a corporation and it will be yours the next game month, within several hours.
CEOs must have 6 corporations in C3 countries before they can purchase such corporations.
You may decide to start new corporations as an alternative to buying existing ones. When doing so, you should find out which products are in short supply on the world markets (Trade menu), so that your corporations will have a good chance of becoming successful. The trading system shows details of demand and supply for all the products in the world.
The number of CEO corporations a CEO can set up in a single country is limited to 24 if the CEO is also the owner of the country. The number is 6 if the CEO is not the owner of the country. Once the number is reached, no new corporations can be set up in that country by the same CEO. It is not possible to move corporations that are owned by the same CEO into that country.
There is however another way for a CEO to increase the number of corporations in a country, using the share market. Any enterprise can purchase shares on the share market, including shares of public corporations that are in a country owned by the same player. Repeated offers of share by the country on the share market and continuous purchases by the CEO may result in the CEO becoming the major shareholder and gaining control of that corporation. The CEO may even become a 100% shareholder, taking the corporation out of the share market.
13. The number of Corporations in an enterprise [ top ]
The maximum number of corporations per enterprise is 750. You can start more than one enterprise in each world and increase the number of corporations you own. The number of corporations can increase much further if you purchase their shares on the stock market. The max number of corporations for free players is 300.
Enterprises with more than 750 corporations will pay an enterprise tax at a low level. There is no tax at all if the enterprise has less than 750 corporations.
Very large enterprises with more than 1200 corporations will pay a much higher tax and their profitability will decline.
The score of the enterprise depends on the number of corporations up to 750 and it also depends on the average market value of the corporations.
An enterprise that has a smaller number of corporations but achieves a high market value per corporation may see a higher total score.
The finance page of the enterprise shows all the income the enterprise receives and the costs it makes. It also shows the total income and cost of the corporations it owns and the total profit the corporations have made each game month.
The enterprise income is mainly from sharing in the profits of its corporations. Private corporations pay a percentage of their after tax profits to the enterprise. The income is higher if the enterprise has a large number of successful corporations. Corporations with debt do not contribute to the enterprise but keep their profits to pay their debt first.
The enterprise also receives dividends from public corporations in which it has an interest and holds shares. If the enterprise is the largest shareowner of a corporation, that corporation will show on the list of public corporations that are controlled by the enterprise.
If the enterprise is not the largest share owner, the corporation will only show up on the share portfolio but the enterprise will receive dividends as all shareholders of a public corporation receive the same dividend amount per share they own. The shares portfolio of the enterprise is shown on the share market pages. You can see all the corporations where the enterprise holds shares, the number of shares owned and their value. header name="Enterprise_income_from_selling"] Enterprise income from selling corporations
The enterprise can sell corporations and receives money in the process. These transactions are not always friendly but they do take place and a good CEO will make an effort to make all her corporations successful, reach a high market value and such takeover transactions will produce a profit for the enterprise.
16. Enterprise cost of purchasing corporations [ top ]
When you take over corporations, the cost of such takeovers will show on the financial pages. This may be a very large item as the price of corporations may vary from several hundreds of millions to hundreds of billions.
The score of the enterprise is computed each game month and is a good measure of the success of the enterprise. The score has several factors. Full members have an advantage in the computation of the score and the game level of the player is an important factor too.
The score depends on the total assets of the enterprise. The assets are computed from the total market value of all the corporations that are owned by the enterprise, the total value of all shares it owns in public corporations, the available cash and the loans it has taken.
The index also depends on the number of corporations, the average value of the corporations, the total number of people working for all the corporations in the enterprise, the average utilization of the corporations, the average salaries in the corporations and the success of the enterprise in its trading in the local and common market.