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What Happened? - Asia
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Halcyon In Business 31 October 2016


Please see below selected pre-2016 intelligence about the Asia Pacific region. This is a synthesis of major recent developments at competitors, business schools, thinktanks, media, commentators, and other key influencers in our external environment.


Asia-Pacific is a region of huge diversity, not only culturally and geographically, but economically tooJapan is a member of the G7 and a world leader in automotive and technology. Singapore competes with London and New York as a global financial centre. Australia and New Zealand are sometimes treated as a region in their own right due to both geography and culture - it takes over 12 hours to fly from Delhi to Sydney and history ties them more to the UK and US - but they are increasingly connected to Asia through trade.



December 2015




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  • Australia’s GDP growth strengthened in the September quarter, to 0.9% in the quarter and 2.5% over the year, up from 0.3% in the quarter and 2.0% over the year to June. Australia’s long-run average annual GDP growth rate is around 3.1%.



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What Happened? - Americas

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Please see below selected pre-2016 intelligence about the Americas. This is a synthesis of major recent developments at corporates, business schools, thinktanks, media, commentators, and other key influencers.


December 2015


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  • PwC Canada acquired Cinovate, a leading Canadian consultancyPwC says the deal enhances its ability to deliver a suite of cross-industry, cloud-based Salesforce solutions to the marketplace for implementation by the firm’s more than 420 Salesforce-Certified technology consultants. Cinovate was founded in 2009 by Ron Caruso and Matthew Fidler, the firm’s Managing Partners. Cinovate’s operations will be integrated within PwC’s Salesforce Consulting operation, led by PwC’s Justin Wortley.



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  • The Federal Reserve raised rates for the first time in 9 years. The FOMC announced rate lift-off by raising the target range on the fed funds rate by 25 basis points to 0.25% - 0.5%. Moreover, in line with expectations, the FOMC and Chair Yellen delivered dovish forward guidance regarding the future path of rate hikes. Past episodes of first rate increases in a U.S. monetary policy tightening cycle were often accompanied by a flattening U.S. yield curve, and currency depreciations and/ or monetary policy rate increases in emerging markets. The close correlation with emerging market borrowing costs suggests that lift-off in 2015 may increase global financing costs, especially for vulnerable countries.






What Happened? - Technology

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PPlease see below selected pre-2016 intelligence about technology. This is a synthesis of major recent developments at competitors, business schools, thinktanks, media, commentators, and other key influencers.

December 2015


  • KPMG released its Fintech 100report, a collaborative effort with fintech investment firm, H2 Ventures. The report identified the leading 50 ‘Established’ fintech companies across the globe, and 50 ‘Emerging Stars’. Fintech is now truly a global sector – The list is comprised of 40 US companies, 20 from EMEA, 18 from the UK and 22 from Asia Pacific. China fintech leads the world – ZhongAn, a Chinese company tops this year’s list, and there are seven Chinese fintech companies on the list (with six in the 50 Established list). Payments is at most risk of disruption - Fintech growth in payments, currencies and transactions sees these segments of fintech now representing 25% of the Fintech 100, a substantial uplift on last year. Insurance finds its fintech footing - The top 2 companies on the list are insurance fintechs (with 7 overall, compared to none last year). Shift from disruptors to enablers – 25 ‘enablers’ (service providers to financial companies) this year, compared to 7 last year. 







What Happened? - Transformation

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Please see below selected recent intelligence about transformation. This is a synthesis of major recent developments at competitors, business schools, thinktanks, media, commentators, and other key influencers.


June 2016






What's Happening? - Economics

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Please see below selected recent economics-related intelligence. This is a synthesis of major recent developments at corporates, business schools, thinktanks, media, commentators, and other key influencers.


Q3 (July-August-September) 2016


June 2016


  • PwC's Economics team launched its monthly Global Economy Watch for June. This month, PwC economists indicate that productivity growth in Ireland and Spain – the top performing peripheraleconomies in the Eurozone – has outstripped that in Germany, France and the Netherlands. But sectoral fortunes have been mixed, with PwC analysis showing that in several Eurozone economies, productivity in the manufacturing sector has grown at a relatively rapid rate. Meanwhile, figures reveal that the eurozone economy grew faster than the US in the first quarter of 2016. But PwC analysis shows that the economic - and to a greater extent, the labour market - recovery has been uneven. For example, the range of unemployment rates in the eurozone at this stage of the recovery is the highest it has ever been compared to past recoveries.



  • The United Nations cut its global growth forecast for 2016 to 2.4% from its forecast 2.9% in December; however it is attributed largely to the downward revisions for Africa. Global growth is projected to rise marginally to 2.8% in 2017, remaining below pre-crisis trends. The protracted period of slow productivity growth and weak investment weigh on the longer-term potential of the global economy.

  • In its latest twice yearly global assessment, the OECD warned that the world economy is “stuck in a low-growth trap”. The organisation said monetary policy alone could no longer be relied on to deliver growth and governments should be using the fiscal tools at their disposal, such as increases in investment spending, to stimulate demand. It also pointed to several downside risks to global growth, the most immediate of which would be if Britain votes to leave the European Union in a referendum on June 23rd.


See also:



What's Happening? - Digital

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 Please see below selected recent intelligence about the ongoing digital revolution.


Q3 (July-August-September) 2016


June 2016


What's Happening? - EY

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Please see below selected recent intelligence about EY.


July-August-September 2016







June 2016


  • EY launches legal offering in Chile and Argentina and hired a partner from Norton Rose Fulbright in Toronto to lead its Canadian business law team. The accountant has hired Jorge Garnier from Argentine power company Genneia, where he was senior legal counsel, as an executive director to build a team focusing on corporate law. 









What Happened? - Diversity

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Please see below selected recent pre-2016 intelligence about diversity. This is a synthesis of major recent developments at corporates business schools, thinktanks, media, commentators, and other key influencers.


December 2015



  • This year it is Finland that comes out as the best place to be a working woman, overtaking Sweden and knocking Norway off the top spot. It scores highest of the 28 countries in The Economist's index for the share of women in higher education (where their lead over males has grown), female labour-force participation and women taking the GMAT (business-school entrance exam), now over 50%. Finland has also increased its paid maternity leave by more than two weeks. Norway still has more women on company boards than other countries, thanks to a 40% mandatory quota that came into effect in 2008, but women's share of senior management jobs is slightly down on last year. While the share of parliamentary seats occupied by women in Norway and Finland has not changed, it fell slightly in Sweden, where the gender pay gap has also widened, and is now closer to the OECD average.


  • Deloitte LLP announced that Janet Foutty had been named chairman and chief executive officer of Deloitte Consulting LLP, effective January 1, 2016. Foutty succeeds Jim Moffatt, who has recently been named global consulting business leader, Deloitte Touche Tohmatsu Limited. Foutty, a principal with Deloitte Consulting LLP, was Deloitte’s federal practice leader and led more than 7,300 practitioners to help federal agencies transform into more efficient, effective organisations. She expanded the practice over the past three years. She previously led nearly 17,000 professionals in Deloitte Consulting LLP’s technology practice, where she achieved double-digit growth and launched several innovative businesses that address clients’ needs in evolving areas. During her 25-year tenure with Deloitte, Foutty has served clients across several industries and has raised visibility of thought leadership in key federal areas, including veterans’ issues, millennials in public service, and science, technology, engineering, and mathematics (STEM) education.


  • Accenture named a record number of 723 people to managing director and senior managing director. “Each of these individuals brings the talent, leadership and experience that we need to serve our clients, develop our more than 358,000 people and run Accenture as a world-class business," said Pierre Nanterme, Accenture’s chairman and CEO. "These promotions reflect our commitment to career growth and opportunities for our people. We salute these executives and their contributions to Accenture – and to our clients." Women account for more than 28% of the new managing directors and senior managing directors – up from 21% in 2014. 




What's Happening? - Talent

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Please see below selected recent intelligence about talent. Thiis is a synthesis of major recent developments at competitors, business schools, thinktanks, media, commentators, and other key influencers.


June 2016



  • Three-quarters of corporate directors say they face a critical challenge aligning board talent with the company's long-term strategy, and three in five want more diversity and viewpoints on the board, according to a global survey by KPMG's Board Leadership Center. Survey respondents also identified significant barriers to refining the board's makeup, with issues ranging from the right mix of skills and overcoming "status quo" thinking to lack of formal succession plans.  



What Happened? - Talent

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Please see below pre-2016 recent intelligence about talent. Thiis is a synthesis of major recent developments at competitors, business schools, thinktanks, media, commentators, and other key influencers.


November 2015


  • In Winning the talent war: Critical success factors for consulting firms, Sourceforconsulting interviewed more than 100 job-hunting consultants and found that a huge 70% of them rate firms’ culture as one of the most important factors in choosing their next employer. While it’s not surprising that culture is important people want to like their company and their co-workers - Source was a bit surprised by just how much more important culture is relative to everything else. The second-placed factor - a good career path within the firm- was a top concern for only 55% of candidates, and money was primary factor only 54% of the time.


  • Consulting’s eternal war for talent has only intensified of late, found Sourceforconsulting, as rapid growth in some large markets and a need to recruit for digital skills has left many firms feeling short staffed.But perhaps the more daunting challenge comes from new sources of talent competition: whereas firms previously competed primarily among themselves and with investment banks to win the brightest recruits, they’re now facing a challenge from tech companies and start-ups, which many job seekers consider more exciting and possibly less brutal places to work.


In The Search for Hidden Talent Treasures, strategy+business warned that organisations looking for outside talent pay an extraordinary amount of attention to resumes. HR pores over job descriptions looking for the right words to craft compelling recruitments ads. Applicants fret as they hone their cover letters to reflect what they think the company wants. Hiring managers scour applicants’ CVs for indicators of the right skills and experience, but, too often, this is all forgotten once the hire is made.