Presentation on Ernst and youngPresented ByPuja AgrawalMBA, RITM
IntroductionServicesCarriersCompany CultureActivitiesErnst & Young Global StructureSWOT AnalysisConclusions
Introduction• Type Limited liability partnership• Founded 1989• Headquarters London, UK• Area served Worldwide• Key people Jim Turley (Chairman & CEO)• Services Financial advisory, tax, audit• Revenue US$ 24.4 billion (2012)• Employees 152,000 (2012)• Website Ey.com
Introduction• Ernst & Young is a global organization ofmember firms in more than 140 countries• It seeks to provide financial and managementsupport to community projects to benefit theunderprivileged• It was ranked by Forbes magazine as theeighth-largest private company in the UnitedStates in 2011.
Continue..• One of the "Big Four" accounting firms• The motto of the firm is "Quality InEverything We Do"
Company Culture• Ernst & Young prides itself in having aglobally diverse and inclusive corporateculture based on experience, skills andleadership among employees• Ernst & Young defines its culture in threeareas: Inclusiveness, Development andEngagement• The company strives in building relationshipsbetween its employees and its clients
CarriersOpportunities thatstay with you for lifeStudents Experienced Executive Jobsearch
Global StructureEY is the most globally managed of the Big Fourfirms.EY Global sets global standards and overseesglobal policy and consistency of service, withclient work being performed by its member firmsThe four areas are:• EMEIA: Europe, Middle East, India and Africa• Americas• Asia-Pacific• Japan
SWOT ANALYSISStrength It was ranked by Forbes magazine as the 8th largestprivate company in the United States They have an extensive global reach covering over 140countriesThey were ranked No. 1 in the Forbes The BestAccounting Firms to Work Workforce consists of the best talent pool from acrossthe world Over 150,000 employees form a formidable workforce
Swot AnalysisWeakness Strong competition from other major players meansgrowth is slow Companies setting up their own research centersaffecting businessOpportunities They have immense opportunity in emergingeconomiesThe more they spend on infrastructure the more clientsthey will get Companies continuously looking for consultingsolutions
Swot AnalysisThreats They have allegedly had many lawsuits filedagainst them e.g. they were involved in LehmanBrothers, they were also sued by Akai Holdingsetc. The global recession could affect its consultingbusiness Fluctuating global currencies affects operations
Conclusion• Ernst & Young is the result of a series ofmergers of ancestor organizations• Building a new talent management model• They make a difference by helping theirpeople, clients and wider communities toachieve their potential.