News room

Press releases 2014

Beijing, October 30, 2014 – While total R&D spending at large companies rose to its highest level ever in 2014, the growth rate was the second lowest in a decade, according to a new study from Strategy&, part of the PwC network.
Beijing, September 23rd, 2014 – Global consulting firm Strategy& (formerly Booz & Company) released 2014 China innovation survey together with the Benelux Chamber of Commerce, the German Chamber of Commerce in China, China Europe International Business School (CEIBS) and Zhejiang University School of Management. In China, innovation is the first priority for 42% of Chinese companies, compared to 21% of MNCs, according to a survey done to nearly 400 executives from Chinese and foreign companies this year. Chinese companies are increasingly turning to technology to deliver first-to-market innovations, building on their historic strength in understanding local markets and customer needs. On the other hand, multinationals also realize that local innovation must rely on deep understanding of local customer needs. Meanwhile, innovation plays an important role in Chinese companies’ globalization strategies.
Shanghai, July 18, 2014 – Record-setting stock market performance could be masking a significant problem: Companies are actually strategically and financially out of shape, rendering many unfit for steeper competition and leaner market conditions.
Shanghai, April 30, 2014 – The vast majority — 70% — of CEO turnovers at the world’s largest 2,500 public companies in 2013 were planned events, as opposed to forced turnovers or the result of mergers, and 76% of incoming CEOs were “insiders” who were promoted from within the company, according to the newly released 2013 Chief Executive Study from Strategy& (formerly Booz & Company).
Beijing, 16 April 2014 – Chinese companies with active globalization strategies often fall short of growth targets in their international operations because they fail to observe three basic considerations, according to a new report, Emerging Best Practices of Chinese Globalizers: Tackle the Operational Challenges, released today by the World Economic Forum in collaboration with Strategy& (formerly Booz & Company).
Shanghai, 3rd April 2014 – PwC is pleased to announce today the successful completion of its combination with Booz & Company. With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network. All closing conditions for the deal have been met.