Managing turbulent times, Perspectives, Ernst & Young - Ernst & Young - Korea

Our seventh annual report on venture capital provides insights into such topics as strategies for seizing opportunities in the current downturn, managing working capital and concerns for technology companies (pdf,4.6mb). Throughout the report, leading executives and venture capital investors from around the globe share their perspectives on the impacts of the downturn and strategies for success.

During this financial crisis, strategies for long-term stability are critical to every segment of financial services. Hedge funds, insurers and banks are all seeking to reinvent some aspect of their operations. The new issue of CrossCurrents reports on the approaches businesses are deploying to foster greater transparency, integrate risk processes, leverage IT and manage capital requirements.

Global financial market events have created unprecedented challenges for the insurance industry. Risks are inherent in every forward-looking business decision and therefore, successful risk management should be an integral part of an organization’s strategy and operations. The economic downturn has taught us that the most important risks are the ones we did not see or anticipate. Read the top 10 risks most likely to affect the insurance sector during 2009 (pdf, 583kb).

The impact of the economic downturn has clearly been significant, however not all companies are equally affected by the recession, according to a study of executives at 570 leading global companies.

The current financial crisis presents a real need to rethink the way we do things. The vast economic potential of women as an economic force has yet to be realized. Now is the time to realize and harness the positive effect that women’s economic empowerment and leadership can have on the global economy.

Given the state of the economy, falling energy prices and recent corporate scandals, fraud remains a top concern for corporate executives.The implications for management are clear: Every organization is vulnerable to fraud, and managers must know how to detect it — or at least when to suspect it. That’s why we’ve outlined which schemes, red flags and financial misstatements you’ll want to pay special attention to (pdf, 904kb).

The current economic crisis is calling into question business model fundamentals and putting all companies under stress. So, is it possible to prosper in a global downturn? We researched this question with over 300 global executives.