In the news 2009
"£110 billion Working Capital ‘Puts Survival Of Companies At Risk"
"Johnson Pressed on Immigration Rules"
"The Constant Traveller on a Mission to Inspire"
"How to Cut"
"A Top Priority When a Business Fails"
"Thin Talent Pool Vexes U.S. Financial Companies"
The Wall Street Journal Europe cited our CEO succession study on 25 June 2009, noting that the financial services industry had the highest rate of forced succession of CEOs in 2008.
"Gas Markets Demand"
On 11 June 2009 Bloomberg cited Booz & Company’s recent gas markets survey, noting that global demand for natural gas will drop this year for the first time in the history of international gas markets, triggering an oversupply that may last for years.
"Turmoil Helps Deliver Job Security for CEOs"
On 21 May 2009 the Financial Times ran three articles on Booz & Company's annual CEO succession study. concludes that the nature of the recession is leading boards of directors of Western companies to stick with the leaders they know.
"How To...Prepare for an Economic Recovery"
An article from The Times on 22 April 2009 cites the need to take a holistic view in a recession. "Review every facet of business activity, assess your competitive position and do not be afraid to challenge received wisdom, Shumeet Banerji, the chief executive of Booz & Co., the consultancy, writes in the magazine strategy+business. This may mean, for example, 'exiting some segments and competing harder in others, including through the acquisition of less well-managed competitors'."
"Who Owns the IT When a Company Divides?"
In an article from the Financial Times’ Digital Business supplement on 12 March 2009 dealing with how to dismantle an IT structure following a divestment, Booz & Company London principal Tanvir Hanif comments that clients are being forced to make decisions faster in the current economic climate. "The resulting 'distressed divestment' situations mean that full due diligence of IT is frequently not completed and the operational and IT assets involved in the divestment have not been fully understood or agreed. This leads to frantic post-deal activity to understand the disentanglement challenges."
The daily ‘Need to know’ section in The Times on 5 March 2009 cites the new global travel and tourism competitiveness rankings released by the World Economic Forum in partnership with Booz & Company. The UK has dropped from sixth to eleventh in the global rankings.
"Mobile Firms Have to Move With the Times"
The Sunday Times on 15 February 2009 cited Booz & Company’s research—released to coincide with the launch of the Mobile World Congress in Barcelona—suggesting that UK voice and data sales, both mobile and fixed line, will fall from £33.5 billion in 2008 to £32.5 billion in the next five years.
"How Companies Tackle the Interweb Thingy"
A report from the World Economic Forum in Davos on the BBC News website on 30 January 2009 notes that some companies are still struggling to engage with the internet. Digital confidence is key, as Booz & Company’s chief marketing officer Tom Stewart remarks. “The internet is seen by many [consumers] as an extremely dangerous place.” He adds that companies have to tackle the “killers of digital confidence” , from network security to fraud prevention.
"Time For Managers to Stand and Deliver"
The Financial Times on 23 January 2009 cites Booz & Company’s global survey which found that 40% of senior managers dobted their leadership had a credible plan to deal with the current crisis and that 46% doubted that the leadership was capable of carrying out its plans, credible or not.
"The Trouble With Bosses Today"
Anthony Hilton’s City Comment column in the London Evening Standard on 22 January 2009 cites Booz & Company’s survey of 800 senior managers across the world which found that 40% doubted their company’s leadership had a credible plan to address the economic crisis.