New research shows that high-performing supply chains can achieve sales and revenue growth while managing costs. That sounds like a tall order, but there are things you can do now to manage your supply chain as a strategic asset to boost performance and profitability. This 10Minutes highlights how the supply chain can move your business strategy forward and set you apart from the competition.
Pharmaceutical companies stand ready to be tested in a world where a drug’s success is more closely tied to its performance. The challenges mount with competition from generics and growing pressure to reduce costs. Now, insurers and integrated providers are driven by models that reward health outcomes and cost savings. For success, drug makers are exploring real-world evidence, new payment models, and the right partnerships.
Whistleblower reform is having significant impact. The SEC’s Office of the Whistleblower has one full year of operation under its belt, and with it 3,001 tips and two awards to date. Leading companies are looking closely at the Office’s first-year report and drawing lessons for building stronger ethics and compliance programs. They’re also considering what it takes to create a highly ethical culture. This 10Minutes highlights the importance of having an ethical culture at the workplace.
Consumer-packaged goods (CPG) companies, retailers, and their business partners often tout the ways they put customers at the center of their strategies. But while many companies do a good job of understanding their customers, perhaps not as many create demand by coordinating across marketing, sales, and innovation—functions and activities that now encompass the demand chain. This 10Minutes explores ways companies can capitalize on knowing their customer with demand functions pulling in the same direction.
This 10Minutes discusses why cybersecurity is more than an IT challenge—it’s a business imperative. New technologies, well-funded and determined adversaries, and interconnected business ecosystems have combined to increase your company’s exposure to cyberattacks. Critical digital assets are being targeted and the potential impact to your business has never been greater. In order to sufficiently protect the business, future cash flows, and shareholder value, your approach to cybersecurity must keep pace.
What does a customer-centered organization look like? What investments are needed to take you there, and what might that journey look like? This 10Minutes discusses these questions and how companies who focus on creating a customer-centered organization may reap real dividends.
This edition of To the point: Current issues for boards of directors, reviews guidance from the SEC and DOJ about the Foreign Corrupt Practices Act and policy updates from the ISS on executive compensation, board response to proposals with majority shareholder support, hedging of company stock, and what directors should know about data security and cyberattacks.
Volatility has become a fact of life in today’s business landscape. Yet, after years of global expansion, many companies’ supply chains are brittle, unable to respond to frequent fluctuations in demand and supply. This 10Minutes explores strategies companies can deploy to make their supply chains more agile and adaptable.
In 2013, company leaders are looking for value creation from their operations. To achieve this goal, organizations are moving beyond shared services and outsourcing to a Global Business Services (GBS) model. GBS helps provide those intangibles by focusing on customer needs and business strategy first and foremost.
For non-financial services companies, regulations introduced by the Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel III will result in significant changes to the derivatives market. Every aspect of a corporation using derivative to manage risk will ultimately be affected—from risk strategies and corporate funding to operations and accounting. This 10Minutes provides insight on the impacts of new regulation on corporate entities and what those entities need to do now in order to meet impending reform deadlines and ensure they're well equipped to manage increased costs and compliance responsibilities.
Download the 2012 edition of PwC’s Cities of Opportunity. This year’s report, our fifth, analyses in depth the trajectory of 27 capitals of finance, commerce, manufacturing and/or culture across 60 variables -- and offers insight into what factors and conditions make cities function best, plus customized, interactive tools for exploring the data.
Talent continues to top the list of executive concerns. Company leaders are focusing on how talent can help them achieve the following four strategic priorities: power growth, realize ROI, manage risk, and enable transformation.
Signs point to a potential surge in domestic manufacturing, and US companies are carefully watching seven key factors that are impacting the trend. They also need to consider what a potential move or expansion of manufacturing facilities to the US could mean for all aspects of their business.
As Europe continues to grapple with sovereign debt problems, austerity measures, and recession, the Eurozone is changing and will likely emerge from the ongoing crisis looking quite different from the one we know today. Because the world is so interconnected, virtually every company will be affected and needs to figure out the impact on their companies worldwide - from strategy and operations to execution - and start preparing now.
In this edition of 10Minutes we talk to leading edge companies about what is driving new mobility patterns and their current talent mobility practices, both from a short and long-term strategy perspective.
Audit committees, management, and auditors work together to meet the information needs of the capital markets and to ensure quality audits and financial reporting. The leading practices in this 10Minutes may help audit committees continue to improve their oversight of auditors and management, thereby enhancing the quality of audits and financial reporting.
For 2012, US CEOs show measured optimism as they face wide disparities in their operations around the world. Slow recovery at home and the crisis in Europe are immediate concerns. But they are taking deliberate steps to grow in priority markets.
Managing risks related to dwindling freshwater supply is becoming more urgent for businesses. This 10Minutes discusses how companies can prepare for the consequences of water scarcity by monitoring water use, evaluating risk across the supply chain, and partnering with local communities to replenish water supply.
Designing and delivering truly exceptional customer experiences has become the key to achieving sustainable, profitable organic growth. In fact, new socio-economic and demographic conditions have fused themselves with technological innovation to redefine the very nature of customer value and how businesses should go about delivering it.
As Asia Pacific economies continue their rapid growth and become more deeply integrated, multinational companies are changing how they're expanding in the region for the long-haul--from setting up regional hubs and distribution networks, to developing local talent, to building brand loyalty amongst the region's rapidly growing number of middle class consumers.
From the education of global talent pools, to national immigration policies, regulation and international intellectual property protections, the public policy issues on the new innovation landscape are abundant and complex.
Increasing US exports may be crucial to the resolution of global economic imbalances and the ability of US firms to capitalize on the rise of emerging economies. But US firms are struggling to extend their domestic competitiveness to export markets. Executives are looking to improve education and regulation to change that dynamic.
Africa has some of the world’s fastest-growing economies and offers the highest risk-adjusted returns on foreign direct investment among emerging economies. To succeed, investors must look beyond dazzling returns and one-off projects, and sign on as participating partners in Africa's long-term growth and development.
Revenue, or the “top line,” is a closely monitored measure of an entity's growth and market share. The FASB and IASB are currently in the process of replacing existing revenue guidance with a new global accounting standard for all revenue transactions. How will this change affect your business?
Companies seeking growth in China are exploring alternatives to outright M&A strategies, acquisitions, traditional joint ventures, wholly foreign owned entities (WFOEs), and dollar-denominated private equity funds to succeed. Here we discuss their approach.
The changing global economy, emerging markets and a renewed focus on growth — how are companies capitalising on opportunities to increase revenue, create innovative products and services, and fill skills gaps in unfamiliar parts of the world?
Cloud computing can help businesses meet demands for greater agility as it is changing the ability for companies to deliver solutions at the new speed of business. Cloud computing solutions have the potential to accelerate innovation and time-to-market, enhance customer engagement, and improve connections across the network of suppliers, time zones, and cultures.
What actions are companies taking to restore, sustain or enhance trust in business? We take a closer look at this and identify some potential benefits of those actions, like better risk management, operational innovations and sources of companies' next competitive advantage.
It’s a year into the financial meltdown. What have directors been thinking and doing about it? Some are putting off key changes to operations and business models until regulators and Congress resolve policy issues like healthcare, greenhouse gas emissions, financial regulation, and executive compensation. Others aren’t waiting around for that to happen. They’re seizing growth opportunities now.
We look at how prosecutions and fines are increasing under the FCPA, UNAC regulations, and anti-corruption compliance strategy. We also discuss using forensic due diligence and corporate intelligence to expand into foreign markets.
The economic crisis has markedly changed the business and regulatory landscape. Which long-held assumptions about market forces are losing currency, and what will take the place of those assumptions? Here, directors step in with their hands-on experience and wisdom to help management negotiate the new terrain and ultimately keep their companies on course.
PwC sees opportunities for Cleantech investors, producers and adopters in the New Energy Economy Legislation signed by President Obama. This PoV highlights the urgency to ease the current credit squeeze, grow new energy infrastructure and extend tax incentives to boost investor confidence and drive job growth.
How will the $787 billion stimulus package put forth by President Obama really affect business and the economy? Will it have the desired impact it claims? Will it force you to change your business strategy and what will you have to keep in mind concerning accountability, transparency and control? Take 10Minutes to find out now...
Legislation titled Implementing the Recommendations of the 9/11 Commission Act of 2007 encourages companies to develop business continuity and emergency management plans for catastrophic events. Companies can elect to certify that they comply with standards of the voluntary program. Here, PwC suggests strategies for accreditation.
Will climate and energy policies strenthen the economy and national security, while protecting the environment? Carbon dioxide greenhouse gases targeted by cap and trade policies and stimulus for low-carbon technologies aim to help, but if enacted, how will they affect how the US produces energy?
Businesses depend on service providers to handle confidential data, run essential business processes, and manage critical technology. This can leave businesses vulnerable to service provider breakdowns. The result can be the providers’ clients violating regulations and even losing customer trust. Yet many businesses may know less than they realize about their service providers’ controls. This 10Minutes discusses how SOC 2 and SOC 3 reports can give businesses the picture they need to have solid confidence in their service providers.
It’s an opportunity hidden in plain sight. In 10Minutes on transforming the tax function, we discuss how the tax function is often overlooked as an area for improvement, unlike more obvious choices such as supply chain or business services. However, shining a light on the tax group can reveal untapped opportunities where changes in technology, process, people, and data can lead to benefits for the broader business.
This annual publication focuses on the critical governance issues directors and senior executives face, offering information, insights, and practical guidance to help directors meet the demands of their role and enrich boardroom discussions.
The 2011 edition of Current developments for directors includes a section on factors that are influencing companies' growth plans. Also discussed are how global trends are affecting companies' operations and international expansion opportunities and covers key developments in regulatory reform, financial reporting, and tax reform.
The key issues that stand out in 2010 for directors include business challenges given the state of the economy, the impact of global tax trends, financial reporting and regulatory developments, major ongoing legislative issues, and a special focus on government involvement in business.
Emerging technologies like cloud computing and social media are growing more sophisticated, but so are hacker techniques. As companies look at growth initiatives and ways to hold down costs, what should CIOs do to protect critical data and avoid other information security risks?
In times of economic flux, employees are more likely than ever to look for better opportunities, and with the help of Internet sites like LinkedIn and ZoomInfo.com, recruiters are finding candidates all the more easily. What steps can your company take to make sure your best people are engaged and don’t walk out the door?
The link between talent and business results was apparent during the financial crisis, as pivotal employees proved the difference at many firms. HR can play a key role in growing a company’s bottom line through four key actions: building the brand, aligning talent and corporate strategies, developing talent and measuring success. What is your HR department doing to help your company’s performance?
To be successful, diversity efforts must entail more than just feel-good initiatives or programs that can be toppled by budget cuts or lethargy. Take 10Minutes now for PwC’s view on diversity and how cultural dexterity is key to creating sustainable competitive advantage.
Global supply chains are caught in a perfect storm of rising bankruptcies, soaring debt, tight credit, and weak demand. But in this 10Minutes, you’ll see how companies can build more resilient supply chains during an economic downturn by identifying their most critical partners and strengthening those relationships for long-term advantage.
How can organizations minimize, offset, or capitalize on the business consequences of a global economic slowdown when deciding to implement or re-evaluate their current shared services centers? Here we give our view.
What disadvantages do sellers face from the credit crisis, volatile stock markets and the recession? They have fewer buyers, more caution and lower deal multiples. In response, companies are exploring their options – like divestitures – as a way of raising cash, shedding debt and improving performance. Here we share some ideas on how you can make divestitures successful for your company.
Before reflexively introducing across-the-board headcount reductions, it is useful to first identify your "pivotal talent"— those game-changing employees whose performance can make or break your bottom line.
An environment of constant change demands a new approach to business strategy. While creating efficiencies and cutting costs through process standardization and IT investment was once an effective way to create competitive advantage, companies are now finding themselves bogged down by inflexible systems and processes. Companies must reclaim the right balance of standardization and flexibility and develop a new core competency: agility.