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Creating opportunity in adversity - Ernst & Young - Russia

Creating opportunity in adversity

The 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.


2009 Russia Tax Survey

Russia’s tax regime and administrative system continue to develop and evolve. Concurrently, a fall in corporate earnings and related tax revenues has increased the pressure on the tax authorities to meet state revenue goals. As a result, we continue to see a climate of tension between taxpayers and the tax authorities.


Opportunities in adversity. Accelerating the change

The past few months have seen enormous efforts from governments and management teams around the world to stabilize and re-direct the global economy. Evidence suggests that the fall has slowed: but whether the next direction is up or further down is still not clear. Our new survey findings show that the speed of our recovery depends on the actions we take over the coming weeks and months.
(pdf, 2.5Mb, 28 pages)


Opportunities in adversity - responding to the crisis

We surveyed more than 300 board members of international corporates on how the downturn had impacted their strategic objectives and the way they do business.


Why are some companies luckier than others? 

Market-leading businesses don’t rely on luck to achieve their potential. They carve out success for themselves, taking control of their direction and leaving nothing to chance. We have gained insight into the factors that distinguish them from other successful companies. The insights captured in Ernst & Young’s Exceptional Enterprise model will help you benchmark your company against today’s leading growth companies and tomorrow’s market leaders.

 

Worldwide fiscal stimulus — tax policy plays a major role

Governments around the world are fighting the first global recession we've experienced since World War II, and tax measures are playing a major part - 56%, according to recent OECD figures - in the range of stimulus packages being rolled out globally. Tax policy has gone global in a major way, and in this study from Ernst & Young, tax measures in 24 major jurisdictions are analysed, and a key set of common themes are apparent, resulting in both challenges and opportunities for the tax function. Read more in Worldwide fiscal stimulus - tax policy plays a major role.


Opportunities in adversity 

At Ernst & Young, we are interested in understanding how companies are reacting to the current crisis and learning from their experience and best practice. Uncertainty cannot be allowed to become inaction, performance is relative, a risk is an opportunity that has not yet been exploited. Whatever a company's position in the current economic climate - from cash-rich to deeply distressed - there is now a great need for decisive management action. There is opportunity in the adversity of the worst of markets. Find that opportunity right now.


The 2009 Ernst & Young business risk report
The top 10 risks for global business

Ernst & Young continues to be heavily engaged around the world in seeking to identify leading practices in the area of risk management. By aggregating the findings of our research in 11 sectors, we have produced a list of the 10 most important business risks across the sectors – concerns that will be common to the leading firms in many industries.


 

Businessman looking outside window in empty office space, rear view

Opportunities in adversity: accelerating the change
 Opportunities in adversity - Rainbow over harvest 

How is your company responding to the financial crisis? We took a fresh look at this question with over 550 global executives. Here’s our update.


Innovation, growth and Asia

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The world's best entrepreneurs -- including those in the East -- are critical to restarting the global economy.
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