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SCNO Case Competition EY 2020 Vision March 28, 2014. Vision 2020 Objective & Opportunity O bjective: Threefold growth within the advisory sector. Communicate with clients to find optimal, appropriate, and custom solutions Effective implementation of these solutions
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Vision 2020 Objective & OpportunityObjective: Threefold growth within the advisory sector • Communicate with clients to find optimal, appropriate, and custom solutions • Effective implementation of these solutions • Identify and exploit trending sectors (Catalysts for growth) • Technology, Analytics, Consumer Products, HR • Compliance with new regulations (Dodd Frank) • Hire in accordance with these specialties • Broaden reach of services • BRIC & Developing nations • Utilize offshore resourcing • Increases productivity & profitability
Utilizing Comprehensive Integrated Solutions for Future Expansion • Effectively mold strategy to clients needs through comprehensive package offerings • Communicate to identify problem • Create advisory package solutions specific to those problems • Focus on implementation • 60% of business changes are not properly implemented (IBM) • Using analytical data to benchmark and profit • Improving process will increase effectiveness, strengthen customer loyalty through enhanced quality of work, and grow profits • Creates a complete process of consulting
Measuring Progress Leading to Expectations • EY’s growth this year: 18% • CAGR for EY = 17.16% • Growth is on track • Opportunity to incredibly surpass expectations • Staying “Ahead of learning curve” and innovative • Exploiting trendy markets • Global consulting services will grow $25 bn next year (Plunkett)
Target High Growth Sectors Driving Success • Strategy grew a mere 3.7% last year • Analytics & IT (10.1% Growth) • Creating focus and flexibility within corporations • Reporting vs. Analytics (Bersin Research) • Of 14% of companies using advanced analytics, outperformed S&P by 30% • 45% of businesses believe shortage of people with right skills (EY) • Healthcare (18.1% Growth) • Governmental regulation • Cutting Costs • Customer Relations, Engagement, Social Media (25% Growth) • 93% of C-level execs don’t fully utilize the data collected
Organic + Inorganic Growth = Optimal Growth • Organic Growth • 32,800 Employees in advisory • Emphasis on hiring in the direction of growing sectors • i.e.: Statistics, Data Analysts, Healthcare specialists, etc. • In-house culture and environment will remain intact • Inorganic Growth • Advisory knowledge tailored to these markets • Partner, merge and hire individuals of firms established within the market
BRIC & Emerging Markets Offer Future Growth Opportunities • 3 Drivers of Growth (Land, People, & Capital) • BRIC • Land – Over a quarter of world’s land area • People – 45% of global population • Capital – 15% of GDP (The Economist*)
Utilize Offshore Resourcing • Increase productivity and efficiency • Transfer of work globally to utilize full working day
Seeing The Vision Through To 2020 • Develop multifaceted solutions for clients • Implement service package thoroughly • Invest, acquire, and develop within our observed growth sectors • Build strategic relationships • Fortify and expand the breadth of our advisory sector • Optimize time, capital, and resources by offshoring