Womenomics in action

By Yoriko Goto - January 20, 2014

Goto_yoriko_300x200This year I am attending the World Economic Forum Annual Meeting in Davos as a representative from Deloitte Japan and as a Deloitte Touche Tohmatsu Limited (DTTL) board member. Even as a third-time delegate, I am always thrilled to meet great people and be exposed to new perspectives and innovative ideas.

Last year, I emphasized the importance of including women in the boardroom for business development and innovation. In fact, DTTL has increased the percentage of female board members from 8 percent to 25 percent this year. It is a great honor for me to have been appointed as one of the DTTL board of directors in addition to a board member role in Deloitte Japan.

Continue reading "Womenomics in action" »

Exploring innovative approaches to tackling humanitarian crises, at the World Economic Forum

By Chip Cottrell - January 17, 2014

Next week, global leaders representing every sector will congregate at the World Economic Forum in Davos, Switzerland, to debate the huge economic, social and political challenges facing the global community now and in the future.

As a Deloitte representative, I will be wearing many hats, but a key focus of my attention will be participating in discussions on how the private and humanitarian sectors can and should collaborate.  I will be attending a number of events to raise awareness of the challenges posed by the escalating cycle of humanitarian crises, resulting from climate change, natural disasters, conflict, and the expanding gap between rich and poor amongst others.

The increasing frequency and magnitude of these humanitarian crises is inflicting heavy social and financial costs for both local communities and business.  Enhancing resilience is clearly vital for all businesses in order to mitigate the potential financial costs of these catastrophic events. And the Deloitte network can offer our clients value through our disaster recovery, business resilience and crisis management capabilities. But how can we add value to the humanitarian sector and play our part in tackling the unmeasurable social costs of these crises?

Continue reading "Exploring innovative approaches to tackling humanitarian crises, at the World Economic Forum" »

Davos 2014: Shaping and the shapers

By Gary Coleman - January 15, 2014

Anoterh WEF image 2“Reshaping of the World,” the theme for Davos 2014, can bring to mind a range of unsettling trends and forces now bearing down on today’s society. Disruptive innovation. Digital technology. The impact of a hyper-connected populace. The shift of the workforce to millennials. A growing uncertainty toward traditional institutions. But the theme is also about taking action—and points to the Forum’s dynamic response to these “reshaping” trends at its flagship event and throughout the year.

Deloitte is playing an active role in this response, working with the Forum to debate, collaborate, and research many of the topics to be raised at Davos 2014. I personally have participated, along with other Deloitte leaders, in regional summits around the globe, offering and responding to a range of exciting ideas and solutions to the challenges now facing governments and businesses. From competitiveness in Latin America, to the sharing economy in Myanmar, to resilience in the value chain in China, the ideas brought forth at these summits inform the Davos 2014 theme and help set the path forward.

Continue reading "Davos 2014: Shaping and the shapers" »

Deloitte collaborates with humanitarian sector to better prepare for crises

By Dave Pearson - January 13, 2014

Gx_cr_humanitarian_program_noexpThe increasing frequency, scale and complexity of humanitarian crises are inescapable. According to a new report by the United Nations Office for the Coordination of Humanitarian Affairs (UN OCHA), inter-agency appeals typically target 60-70 million people each year, compared with 30-40 million 10 years ago. This increase can be attributed to a convergence of multiple global trends including climate change, population growth, urbanization, and food and water insecurity.

The Deloitte network has traditionally contributed cash donations during humanitarian crises, as recently demonstrated by the generous response of colleagues around the world when Typhoon Haiyan struck the Philippines. In the immediate aftermath of a crisis, cash donations are incredibly important so that responders can provide for the needs of affected people and communities.

Continue reading "Deloitte collaborates with humanitarian sector to better prepare for crises" »

Manufacturers wait and watch India

By Tim Hanley - December 19, 2013

Ind_er_glb_ho_785_hiAs you can imagine, India is an interesting place these days. As highlighted by Deloitte’s most recent global and Asia Pacific economic outlooks, the Indian economy has clearly slowed down and the promise for accelerated growth that seemed to be on the horizon a few years ago appears elusive.

There are a variety of potential reasons for the economic slowdown and falling value of the rupee in India. However, based on conversations with senior executives and industry observers during my recent visit to the country, most of the challenge revolves around the country’s inability to establish the reforms needed to attract more foreign direct investments. Many multi-national corporations (MNC’s) have been increasingly cautious about investment in India and most Indian business leaders that I talked with believe that significant reform may not come until after the elections in 2014.

Continue reading "Manufacturers wait and watch India" »

People, change, and surviving the innovator’s curse

By Gary Coleman - November 11, 2013

APLC blog image 2If you type the word “innovation” into the search window on Google books, you get more than 54 million hits—a testimony to how the pursuit of innovation has taken hold as the prime business imperative of the 21st century. But is innovation itself really a solution?

On a recent panel I moderated in Taipei, Ming-Je Tang, Vice President for Finance Affairs and Professor of International Business at National Taiwan University, took up this question. He listed a number of companies that were home to some of the most miraculous innovations of the 20th century—from mass production assembly lines to the personal computer. The thing they all had in common in addition to that innovation was that they are all either now struggling—or gone. They are victims, he says, of the “innovator’s curse.”

Continue reading "People, change, and surviving the innovator’s curse" »

Awakening in the land of the rising sun

By Tim Hanley - October 29, 2013

TokyoEarlier this month, I had the opportunity to meet with several manufacturing executives and also leaders of the Deloitte Japan manufacturing industry practice. On this return visit, I was very interested to learn more about the current strength of the manufacturing economy in Japan and to get a sense from Deloitte member firm clients on their views of the business landscape in the near term. An awakening was in the air with rising business confidence.

Continue reading "Awakening in the land of the rising sun" »

Companies must play a role in driving social progress

By Paul Macmillan - October 08, 2013

BgI recently attended the Ethos Conference in Sao Paolo, Latin America's largest conference on sustainability and social responsibility. Hosted by Instituto Ethos, a Brazilian not-for-profit with over 1,300 member companies, the event was full of fascinating insights into the rise of sustainable business in Latin America. However, the key reason for my visit was to attend the launch of the 2013 Social Progress Index in Brazil.

The Index is the first initiative of the Social Progress Imperative (SPI), a not-for-profit with whom Deloitte has established a strategic alliance. The mission of SPI is to advance global human wellbeing, by combining national social performance and capacity indicators with solutions-oriented outreach to sector leaders, and grassroots champions, who together can effect large-scale change. The 2013 Index ranks 50 countries across the globe by their level of ‘social progress’. The methodology, designed by Michael E. Porter of Harvard Business School and Scott Stern at MIT, is a response to a growing recognition that GDP alone is not an adequate measure of a country’s wellbeing. The Index is an attempt to address this by creating a measure that focuses solely on societal and environmental indicators. 

Continue reading "Companies must play a role in driving social progress" »

Reflections from the World Economic Forum’s Impact Investing Initiative

By Chris Harvey - October 03, 2013

This article was co-written with Carolien de Bruin and Joel Bryce.

Plant in a money pot ind_fsi_glb_ho_237_hiSeptember marked the completion of Phase 1 of a year-long initiative in which the World Economic Forum (The Forum) engaged Deloitte on its Mainstreaming Impact Investing initiative. The purpose of the initiative was two-fold:(1) Better understand whether the buzz and excitement with impact investing is more than “a flash in the pan” and if it represents a structural shift in how investments are made, especially as it relates to mainstream or institutional investors; and (2) Assess who are making impact investments, and – as importantly – who are not, today.

In this context, impact investing, in its simplest form, is leveraging one’s investment portfolio to intentionally create social value (of course, and financial returns).  Going into this initiative, we knew that many high net-worth individuals, foundations, and development organizations look to create social and environmental value with their investment portfolio. However, we were keen to understand whether “mainstream investors” such as pension funds, insurance companies, sovereign wealth funds, university endowments, and other large-scale asset owners were making a play in the space, and if not, why.

Continue reading "Reflections from the World Economic Forum’s Impact Investing Initiative" »

Disruptive innovation: It's now the fast that eat the slow

By Gary Coleman - September 30, 2013

Blog image fastDisruptive innovation is a subject we hear a lot about these days. But never have I heard its impact on the large versus the small quite so sharply represented as during a panel I recently moderated made up of business executives.

Let me set the stage. All of the panelists had experienced the perspective of the large, multinational enterprise. One panelist is currently serving as COO of a large bank with 40,000 employees. One had worked for large companies but now was the CEO of his own successful tech start-up. Another panelist was the former CEO and president of a multinational pharmaceutical company and is now a partner in a small private equity firm. Similarly, the last panelist had worked in large tech companies but is now a partner with a smaller enterprise.

Continue reading "Disruptive innovation: It's now the fast that eat the slow" »