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. The 2009 global gaming bulletin The global recession, evaporating gaming revenue and reduced consumer confidence are causing severe stress for gaming companies both near and far. Additionally, the tightening of credit markets is delaying major projects due to the difficulty in obtaining construction financing. How are gaming companies preparing for the road ahead? (pdf, 11.4mb) See our in-depth view of evolving trends playing out in countries across the world. Viewpoint: Globalisation in the asset management industry The latest article in our Viewpoints series (pdf, 81kb) considers the progress of globalization in the asset management industry to date, and the potential impact of recent market disruption. Perspectives on the London Summit The recent G-20 London Summit was perhaps the most eagerly anticipated meeting of its kind for decades. To put it in context, we asked three leading thinkers on the global economy to discuss the outcomes of the Summit (pdf, 792kb), and also highlighted some of the effects these will have, both in the short term and long term, on business around the world. World Economic Forum 2009 How best to reform the world’s financial system? That was the hot topic at this year’s World Economic Forum in Davos, where the economic crisis provided the backdrop for timely, meaningful discussion. Ernst & Young had a strong presence at this year’s event and we’ve summarized the themes of the meeting in our report: “World Economic Forum, Davos 2009" (pdf, 4.6 mb). Global megatrends 2009 The world is changing more rapidly than ever. Globalization continues its march. The financial landscape is in turmoil, driving increased regulation. "Global megatrends 2009” presents an Ernst & Young perspective on the most important themes that are likely to play out in the near future, and what we need to think about to prepare ourselves for it. 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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Lessons from change 
What have we learned from the economic downturn? We’ve met with senior executives across the globe throughout the year – and compiled these insights.
Conversations with the new champions
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The World Economic Forum’s Annual Meeting of the New Champions, 2009 saw a whole new generation of business leaders share their wisdom on the road out of recession. Watch our videos for their insights on:
Public sector: Rebuilding for the future While governments across the world try hard to cope with the huge debts incurred in recession, the emphasis seems to be shifting from short-term measures and emergency remedies to long-term planning for rebuilding for the future. Get an in-depth view of the public sector and the economic crisis.
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