Creating opportunity in adversityThe global financial crisis is having a huge impact on the environment in which your business is operating. Market capitalization and asset valuations are declining. Energy and commodity prices are fluctuating. Environmental and political issues are contributing to adverse business pressures. Gaps in power between developed and emerging countries are narrowing. Despite unprecedented government intervention to boost spending and restore confidence, most businesses are bracing themselves for even tougher conditions ahead. But in these difficult times lie opportunities – and Ernst & Young’s global network of professionals can help you discover them for your business. Whether your organization is strong and healthy, under stress or facing difficult choices, we work with you to find financial, strategic and operational solutions that improve your liquidity, financial flexibility and stakeholder returns. We’re here to help you build a sustainable business – in the short and long term. | Lessons from change In 2009, Ernst & Young held more than 40,000 meetings with senior executives around the globe. We asked them how the downturn was affecting their business, then gathered those insights into Lessons from change. Learn which eight strategic actions companies should focus on now. Finance performance improvement starts with framework Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line. European Fraud Survey In February 2009, Ernst & Young researchers conducted a total of 2,246 interviews with employees in 22 European countries, either by telephone or online. Participants were employed by listed and/or multinational companies. 48% of respondents worked for companies with over 5,000 employees, 92% over 500 employees. Find more details (pdf, 1MB). Global megatrends 2009 The world is changing more rapidly than ever. Globalization continues its march. Gaps in power between developed and emerging countries continue to narrow, driven in part by the politics and economics of energy. The financial landscape is in turmoil, driving increased regulation. "Global megatrends 2009” (pdf, 886kb) presents an Ernst & Young perspective on the most important themes that are likely to play out in the medium to long term: they are what we need to be thinking about to prepare ourselves for the future. Financial reporting in a time of crisis The economic crisis presents an opportunity to modernize financial regulation in a way that will help to prevent future financial meltdowns, while also promoting global economic stability and opportunity (pdf, 62kb), said EY Chairman and CEO Jim Turley in a speech to the Commonwealth Club in San Francisco. |
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 Opportunities in adversity In January 2009, we published our Opportunities in adversity study to provide a basis for discussion with executives as they grappled with the implications of the economic downturn. Six months on, and after having held thousands of client meetings, we have reviewed our experience and summarized key findings to provide you with additional insight.
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