Improving business performance
You’re under pressure to make your business as effective and profitable as possible – not just to survive in the present, but to take advantage of opportunities in the future.
Many businesses are undertaking radical cost reduction exercises at the moment, but in doing so they run the risk of damaging their operational effectiveness. We believe this risk can be reduced by taking a structured, holistic approach that focuses simultaneously on cutting costs and improving performance.
Ernst & Young can work with you to take cost out of your value chain and improve the processes that support it – in a way that drives long-term and significant savings. First we evaluate your entire cost base, examine working capital and revenue optimization practices. Then we assess your core processes, your current risks and the controls you have in place, as well as the way key programs are being managed. We then work with you to execute any necessary changes.
By taking this approach to reducing costs and improving performance, you can achieve significant benefits throughout your organization – both now and in the future. It’ll put you in a good position to survive the downturn and emerge strongly at the first signs of recovery.
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)
Reserved optimism in a challenging time
Survey of financial directors, 2009 Ernst & Young and the Independent Directors Association (IDA) have conducted a survey of the financial directors of major companies in Russia to obtain first-hand information on how Russian companies view the economic crisis and on their efforts to minimize external and internal risks.
(pdf, 200Kb, 16 pages) | | Managing through uncertainty: a balanced approach A survey of 331 global executives from companies with revenues greater than US$1 billion. To help your company overcome today's challenges, it's important to study the experience of leading global companies and see what anti-crisis measures they took during previous downturns.
Effective cost reduction According to Ernst & Young’s survey Effective cost reduction: Where and how are businesses reducing costs? 90% of C-suite individuals believe that cost reduction is a business priority for their companies in the current market conditions. |
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