18 Mar 2010 13:00 Africa/Lagos
Survey Shows Executives Frown on Office Pranks
MENLO PARK, Calif., March 18 /PRNewswire/ -- Want to pull off an April Fools' joke that will go down in company history? Not so fast. Sixty-eight percent of advertising and marketing executives interviewed by The Creative Group consider April Fools' pranks unsuitable for the office.
The national study was developed by The Creative Group, a specialized staffing service providing creative, advertising, marketing and web professionals on a project basis, and conducted by an independent research firm. It is based on more than 500 telephone interviews -- approximately 375 with marketing executives randomly selected from companies with 100 or more employees and 125 with advertising executives randomly selected from agencies with 20 or more employees.
Advertising and marketing executives were asked, "How appropriate do you think it is to play April Fools' jokes in the office?" Their responses:
Very appropriate 3%
Somewhat appropriate 27%
Not very appropriate 27%
Not at all appropriate 41%
Don't know/no answer 2%
---
100%
"Many advertising and marketing teams are stretched thin, and there may be less acceptance of activities that are viewed as potential distractions," said Donna Farrugia, executive director of The Creative Group. "April Fools' jokes often have a target, too, which can make them hard to pull off without hurting someone's feelings."
A certain degree of levity, however, can have a positive impact on the workplace, noted Farrugia. "Humor that is inclusive and well-intentioned can be a morale booster, which is especially important when business conditions are difficult. Employees who can foster a more positive work environment are assets to any team."
The Creative Group offers three tips for adding levity to the workplace without crossing the line:
1. Honor office "superstars." Remember senior superlatives from high
school: most school spirit, friendliest, and best all around? Why not
recognize the MVPs at your firm? You can give awards for "best
penmanship," "tidiest workspace" or "most likely to tweet company news"
-- just be sure to keep it clean, not mean. If you want to go all out,
hold an awards ceremony, complete with red carpet walks, printed
certificates and short acceptance speeches.
2. Create some confusion. Pick a lesser-known holiday to celebrate, like
National Pigs-in-a-Blanket Day (April 24) or Do Something Nice Day
(Oct. 5). Organize activities surrounding the event, such as a cook-off
or designated time when employees can surprise their coworkers with a
treat.
3. Have fun year-round. Office "play" needn't be restricted to April
Fools' Day. Periodically have employees come together to celebrate a
topic of their choice, like "flashback to the '80s" or "favorite
reality TV stars." Create costume or trivia contests to add to the
enjoyment.
About The Creative Group
The Creative Group specializes in placing a range of highly skilled creative, advertising, marketing and web professionals with a variety of firms on a project basis. The Creative Group's internal account managers typically have prior experience working within the creative industry, which helps them better understand their clients' needs and their freelancers' unique talents. Headquartered in Menlo Park, Calif., the firm has offices in major markets across the United States and in Canada. More information, including online job-hunting services, candidate portfolios and The Creative Group's award-winning career magazine, can be found at www.creativegroup.com. For more workplace and career advice, follow The Creative Group at www.facebook.com/thecreativegroup or www.twitter.com/creativegroup.
Source: The Creative Group
CONTACT: Alison Hau of The Creative Group, +1-650-234-6277,
alison.hau@creativegroup.com
Web Site: http://www.creativegroup.com/
Showing posts with label executives. Show all posts
Showing posts with label executives. Show all posts
Thursday, March 18, 2010
Tuesday, February 2, 2010
Global Corporates Are Tiptoeing Cautiously Into 2010
2 Feb 2010 01:01 Africa/Lagos
Global Corporates Are Tiptoeing Cautiously Into 2010
But a significant minority planning for aggressive growth
LONDON, Feb. 1 /PRNewswire/ -- A comprehensive survey of senior executives at nearly 900 major companies worldwide by Ernst & Young reveals a very different business environment compared to twelve months ago but highlights a corporate world that for the most part is still nervous about recovery.
In January last year an Ernst & Young study, Opportunities in Adversity, asked companies about their key strategic priorities for 2009. Nearly three-quarters said they were focused on securing the survival of their present business and only 19% said they were looking to take advantage of the recession to pursue new market opportunities. As part of Ernst & Young's ongoing Lessons from change program, new research shows that by the beginning of December 2009, the percentage looking to pursue new opportunities this year has risen to 34%. Over half (53%) of companies, however, still agreed that surviving 2010 would still remain a challenge.
However, after the actions that many were forced to take earlier in the year it was not surprising companies were seeing progress with fewer still focused on improving the performance of their current assets, down from 39% to 27%, and the proportion still restructuring their business also declined from 37% to 27%.
John Murphy, Global Managing Partner - Markets, Ernst & Young said, "The spirit of optimism has increased, but it is essentially fragile in nature. A pick up in confidence is not surprising, given the massive global government stimulus working its way through the economy and the larger developing and emerging economies beginning to rebound. Companies may be less worried about survival over the next 12 months, but the return to a healthy operating environment is still some way off."
A significant minority are generating growth in EBITDA
Surprisingly, for a significant minority 2009 was a year when earnings improved. More than one third of companies surveyed reported that earnings before interest, depreciation and amortization (EBITDA) had grown by over 5% in the last 12 months. Remarkably in the context of a global recession, 7% of all businesses had seen a more than 20% increase in earnings.
Forty-five per cent of the companies based in Asia-Pacific and with a turnover of between US$100m and $500m reported in excess of 5% EBITDA growth. One-third of the very largest organizations surveyed (turnover exceeding US$10billion) also reported EBITDA growth exceeding 5%.
In Latin America (26%), Western Europe (28%) and Eastern Europe (29%) the proportion reporting 5% EBITDA growth or more was lower. By sector, more than 40% of pharmaceutical, aerospace and defense and banking companies exceeded the 5% growth threshold. Corporates in the oil and gas, manufacturing and automotive sectors were far more likely to report flat or declining earnings.
Murphy adds, "As we predicted last January, despite the turmoil and the challenges in 2009 there were some outright winners - companies that have found opportunity in the adversity. Judging by our research, a picture is emerging across countries and sectors of a group of companies that share a certain performance agenda, particularly around achieving speed-to-market. They are faster in making and executing decisions to take advantage of their changing markets."
But a way to go before earnings back at pre-recession levels
While they are out of crisis mode, corporates are now turning their attention to when there will be a full recovery in earnings. Approximately one-third saw revenue growth returning within six months, one-third said by the start of 2011 and the final third not for at least two years. Only 1% were pessimistic enough to say it would never return to pre-recession levels. Murphy adds: "Revenue growth - not just earnings growth - is now the burning platform for corporate, many of whom see recovery, certainly in the short to medium term, as sluggish."
And what will happen in 2010?
How were companies planning to improve their performance this year? Three-quarters of respondents said they believed that there were still major costs savings to be made in their organization through improved efficiency. A high proportion of companies (72%) felt they needed to increase the flexibility of their operations through reducing fixed costs, particularly among support functions and improving productivity.
The next most popular response was optimizing the markets they serve (64%) via new market entry, new products or new channels, and through revitalizing the business model (64%) with new thinking around organizational structure, core competencies and new business collaborations. Respondents also believed that accelerating their decision making processes and execution (63%) and strengthening their management talent (62%) would be critical to improve their chances of success.
80% look to growth despite problems with accessing capital
Exactly half of all businesses agreed that restricted access to capital will continue to constrain their growth prospects over the next year, yet a significant minority of respondents (30%) said they intended to take an aggressive growth-oriented stance as the demand outlook in their markets is improving. A further 49% of corporates said that they intended to pursue growth opportunistically, as the prospects for recovery in their markets remain unclear. The remaining fifth of companies said that their strategic focus will remain squarely on cost control until the market improves.
Murphy concludes, "It is clear that many companies are seeking to learn the lessons of the changed market. Although there is no silver bullet - no single action that will deliver success - our research has identified a number of action programs which sets high-performing companies apart. For instance, they have a deeper, broader understanding of their markets and the risks involved. Furthermore, they are more innovative in strategy and structure than their competitors and are more collaborative with partners. These successful companies are essentially equipping themselves for the new economy and navigating a new future for themselves."
Notes to Editor
As part of Ernst & Young's ongoing Lessons from Change program, the Economist Intelligence Unit carried out a study of 876 C-suite and board level executives in November and December 2009. Half of the companies surveyed had revenues of more than $1bn and 22% had annual turnover in excess of $10bn.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The Ernst & Young organization is divided into five geographic areas and firms may be members of the following entities: Ernst & Young Americas LLC, Ernst & Young EMEIA Limited, Ernst & Young Far East Area Limited and Ernst & Young Oceania Limited. These entities do not provide services to clients.
This news release has been issued by EYGM Limited, a member of the global Ernst & Young organization that also does not provide any services to clients.
Source: Ernst & Young
CONTACT: Aurelie Leonard, Assistant Director of EMEIA and Global media
relations, +44-20-7980-0158, Aleonard1@uk.ey.com, or Tanya Valle, Assistant
Director, Americas Public Relations, +1-201-872-1688, Tanya.Valle@ey.com
Web Site: Ernst & Young
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Global Corporates Are Tiptoeing Cautiously Into 2010
But a significant minority planning for aggressive growth
LONDON, Feb. 1 /PRNewswire/ -- A comprehensive survey of senior executives at nearly 900 major companies worldwide by Ernst & Young reveals a very different business environment compared to twelve months ago but highlights a corporate world that for the most part is still nervous about recovery.
In January last year an Ernst & Young study, Opportunities in Adversity, asked companies about their key strategic priorities for 2009. Nearly three-quarters said they were focused on securing the survival of their present business and only 19% said they were looking to take advantage of the recession to pursue new market opportunities. As part of Ernst & Young's ongoing Lessons from change program, new research shows that by the beginning of December 2009, the percentage looking to pursue new opportunities this year has risen to 34%. Over half (53%) of companies, however, still agreed that surviving 2010 would still remain a challenge.
However, after the actions that many were forced to take earlier in the year it was not surprising companies were seeing progress with fewer still focused on improving the performance of their current assets, down from 39% to 27%, and the proportion still restructuring their business also declined from 37% to 27%.
John Murphy, Global Managing Partner - Markets, Ernst & Young said, "The spirit of optimism has increased, but it is essentially fragile in nature. A pick up in confidence is not surprising, given the massive global government stimulus working its way through the economy and the larger developing and emerging economies beginning to rebound. Companies may be less worried about survival over the next 12 months, but the return to a healthy operating environment is still some way off."
A significant minority are generating growth in EBITDA
Surprisingly, for a significant minority 2009 was a year when earnings improved. More than one third of companies surveyed reported that earnings before interest, depreciation and amortization (EBITDA) had grown by over 5% in the last 12 months. Remarkably in the context of a global recession, 7% of all businesses had seen a more than 20% increase in earnings.
Forty-five per cent of the companies based in Asia-Pacific and with a turnover of between US$100m and $500m reported in excess of 5% EBITDA growth. One-third of the very largest organizations surveyed (turnover exceeding US$10billion) also reported EBITDA growth exceeding 5%.
In Latin America (26%), Western Europe (28%) and Eastern Europe (29%) the proportion reporting 5% EBITDA growth or more was lower. By sector, more than 40% of pharmaceutical, aerospace and defense and banking companies exceeded the 5% growth threshold. Corporates in the oil and gas, manufacturing and automotive sectors were far more likely to report flat or declining earnings.
Murphy adds, "As we predicted last January, despite the turmoil and the challenges in 2009 there were some outright winners - companies that have found opportunity in the adversity. Judging by our research, a picture is emerging across countries and sectors of a group of companies that share a certain performance agenda, particularly around achieving speed-to-market. They are faster in making and executing decisions to take advantage of their changing markets."
But a way to go before earnings back at pre-recession levels
While they are out of crisis mode, corporates are now turning their attention to when there will be a full recovery in earnings. Approximately one-third saw revenue growth returning within six months, one-third said by the start of 2011 and the final third not for at least two years. Only 1% were pessimistic enough to say it would never return to pre-recession levels. Murphy adds: "Revenue growth - not just earnings growth - is now the burning platform for corporate, many of whom see recovery, certainly in the short to medium term, as sluggish."
And what will happen in 2010?
How were companies planning to improve their performance this year? Three-quarters of respondents said they believed that there were still major costs savings to be made in their organization through improved efficiency. A high proportion of companies (72%) felt they needed to increase the flexibility of their operations through reducing fixed costs, particularly among support functions and improving productivity.
The next most popular response was optimizing the markets they serve (64%) via new market entry, new products or new channels, and through revitalizing the business model (64%) with new thinking around organizational structure, core competencies and new business collaborations. Respondents also believed that accelerating their decision making processes and execution (63%) and strengthening their management talent (62%) would be critical to improve their chances of success.
80% look to growth despite problems with accessing capital
Exactly half of all businesses agreed that restricted access to capital will continue to constrain their growth prospects over the next year, yet a significant minority of respondents (30%) said they intended to take an aggressive growth-oriented stance as the demand outlook in their markets is improving. A further 49% of corporates said that they intended to pursue growth opportunistically, as the prospects for recovery in their markets remain unclear. The remaining fifth of companies said that their strategic focus will remain squarely on cost control until the market improves.
Murphy concludes, "It is clear that many companies are seeking to learn the lessons of the changed market. Although there is no silver bullet - no single action that will deliver success - our research has identified a number of action programs which sets high-performing companies apart. For instance, they have a deeper, broader understanding of their markets and the risks involved. Furthermore, they are more innovative in strategy and structure than their competitors and are more collaborative with partners. These successful companies are essentially equipping themselves for the new economy and navigating a new future for themselves."
Notes to Editor
As part of Ernst & Young's ongoing Lessons from Change program, the Economist Intelligence Unit carried out a study of 876 C-suite and board level executives in November and December 2009. Half of the companies surveyed had revenues of more than $1bn and 22% had annual turnover in excess of $10bn.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential. For more information, please visit www.ey.com.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The Ernst & Young organization is divided into five geographic areas and firms may be members of the following entities: Ernst & Young Americas LLC, Ernst & Young EMEIA Limited, Ernst & Young Far East Area Limited and Ernst & Young Oceania Limited. These entities do not provide services to clients.
This news release has been issued by EYGM Limited, a member of the global Ernst & Young organization that also does not provide any services to clients.
Source: Ernst & Young
CONTACT: Aurelie Leonard, Assistant Director of EMEIA and Global media
relations, +44-20-7980-0158, Aleonard1@uk.ey.com, or Tanya Valle, Assistant
Director, Americas Public Relations, +1-201-872-1688, Tanya.Valle@ey.com
Web Site: Ernst & Young
Hot Topics
Consumer Reports Roundup
Quarterly Earnings Reports
Earthquake in Haiti
Patterson-UTI Reports Drilling Activity for January 2010
BNY Mellon to Acquire PNC's Global Investment Servicing Business
Children Without Home Computers Face a Less Successful Future in Education and Work
Prostate Cancer Therapy Can Increase Heart Risk Factors
Toyota Recall
Super Bowl
Entertainment Awards Season
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