Today is a world that is always on the go and is always ready for big changes, both in physical changes and in the advanced technology. It is also believed that one of these big changes is the way how the business sectors from around the world cope up with these changes.
A free and clear flow of commerce and important information is a very vital force that drives every country’s economy, hence, enriching the society. This is the main reason why the business sectors before decided to create or build a business organization that can be their way to ensure the total security of all their assets and as well as the sake of commerce.
A board of trade, popularly known as chamber of commerce, is a form of business network or organization whose main goal is to increase the interests of many types of businesses of all sizes, from all sectors and regions. The business owners both in towns and cities are the ones who form these local societies that have a goal to advocate and recommend on the behalf of all the business community. In the chamber of commerce, the local businesses are the members, and they are the ones who elect the board of directors or the executive council to set the policies for the chamber. The board or the council will then hire the President, Executive Director or the CEO, plus the staffing which must be appropriate to size and can perfectly run the organization.
The very first chamber of commerce in the whole world was founded in Marseille, France way back in 1599. Then after 65 years, it was followed by another official chamber of commerce which is probably in Bruges, a part of the Spanish Netherlands then.
Though a chamber of commerce is the eyes and ears that listen to the needs of the business owners and sees the thoughts of the businessmen, it is not a part of the government institution or body. A chamber of commerce has no direct role or part in the writing, creating and passing of laws and regulations that can actually affect the business organizations and other business sectors. However, a chamber can act as a ‘”lobby or way” to get some laws passed which are very much favorable to the business community.
A chamber of commerce is the one who can convey the messages of the business community in the political arena and can take appropriate actions on the legislative issues that has a great impact to the business world.
Due to the rising cases of cyber-attacks, the modern chamber of commerce from different countries are advocating for the complete protection of the vital assets on the digital front. The world was now surrounded with many bad elements and actors that have emerged to steal the trades and confidential business secrets, to raid consumer data, to inflict a mayhem among the business networks and even to interrupt and impede the major utilities.
In connection with these problems, the different chambers aim and dream to strengthen their nations’ cyber security and to let the business sectors be well educated about the threats and how they can protect all their assets and valued customers.
The membership range in the individual chamber is starting from a few dozen to over 300,000 and there are some that has an even larger membership range. The chambers of commerce from different nations can range from an individual neighborhood within a certain city up to the international chamber of commerce.
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Unlike the Better Business Bureau which has the authority to bind all its members and remove them if there are some complaints regarding their services under the power of a formal operation doctrine, some chamber, like in the United States, states that the membership in the local chamber can be either voluntary or required by law.
A chamber represents the interest of all the business sectors in a country, some are partially funded by its local government and some are non-profit or may be both. The chamber of commerce is very important in the economic development groups or corporations as well as in the tourism and the visitors’ bureau.
A joint relationship between the chamber and the other related sectors in the community can double the successful function of the latter so some chambers have already joined the state, national and even the international bodies around the world. At this moment, almost 13,000 chambers are officially registered on the Worldchambers Network registry and this proves that the largest business network internationally is the chamber of commerce. This specific network is informal, with its local chamber incorporated that are operating individually rather than performing as a chapter of the national or as a state chamber.
The chamber of commerce can be considered as a community, a city, a regional, state, or a nationwide chamber. The chamber that works on the local level is the city chamber which aims to unite the business community altogether to develop and promote strong local networks which can result to a successful business exchange. They are working together with the local government which includes the city mayor, and the other local representatives with a goal to develop a pro-business initiative. There are also some chambers that are creating a link between the business sectors from a two different countries, example is the Romanian- American Chamber of Commerce.
The community chamber is the smallest among the kinds of commerce and has the most limited numbers of its members while the city chamber has an approximate number of 3000 chambers with a staff person and has a thousand of more established as a strict volunteer entity.
The state chamber works on the state and on some federal issues that can have an impact in the business community. It always works with the governor, state senators and other leaders, and acts as the respected voice that represents the whole business community to promote a better business working environment. A chamber of commerce is indeed the ears that listen to the whole business community.