THIS
POST WAS ORIGINALLY PUBLISHED MARCH 15, 2009
In the
past few months Ernst & Young produced a number of reports that may help
business to manage current situation. While most of them are generally about
the business as a whole – the latest touches mining issues too.
First, I
would like to mention “Global
megatrends: Driving business in an era
of uncertainty” (download from here)
The
report touches rebalancing of power and changes in global economic landscape.
While the BRICs are the major players,
another group of countries are emerging that have the potential to behave like
the BRICs — driving growth and making waves in the global markets. Very
coignitive and interesting reading; and also touches the issue of Generation Y
in this changing environment.
The next report “Opportunities in Adversity”
(download from here)
E&Y
tries to understand how companies are reacting to the current crisis and seeing
if there are opportunities to learn from their experience and best practice.
Over 350 companies were questioned, and a very nice Stress Pendulum is
displayed
Very
good advice that can be summarized as “Cash is king as corporates tighten their
belts”. A proficient note: those corporates that are in slightly better shape,
saw the recession as an opportunity to expand with 34% globally considering
strategic acquisitions.
“The 2009 Ernst & Young business risk
report” — the top 10 risks for global business
(download
from here)
As you
see on another stunning chart “The Top 10 Business Risks” (2008 rankings in
parentheses) are:
1. The
credit crunch (2)
2.
Regulation and compliance (1)
3.
Deepening recession (New)
4.
Radical greening (9)
5.
Non-traditional entrants (16)
6. Cost
cutting (8)
7.
Managing talent (11)
8.
Executing alliance and transactions (7)
9.
Business model redundancy (New)
10.
Reputation risks (22)
It also
highlights the risks “below the radar” that could also have a significant
impact over the next three to five years.
And
last, but not least: “Mining M&A Activity to Heat Up in 2008, 2009” – this
is not yet on the Web, but a number of stories already are in the press, like
this one.
One of
the noteworthy facts is the statement that “U.S. and Canadian firms could be on
the shopping list”. So far however, this activity is slow, as compared to the
Chinese rush….
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