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Future Ready? & What of the future?. www.stephenarcher.eu. CCH UK Conference 2012: The Future Ready Firm London 21 June. The market can remain irrational …. ...for longer than you can remain insolvent. John Maynard Keynes 1883 - 1946.
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Future Ready? & What of the future? www.stephenarcher.eu CCH UK Conference 2012: The Future Ready Firm London 21 June
The marketcan remainirrational… ...for longer thanyoucan remaininsolvent. John Maynard Keynes 1883 - 1946 CCH UK Conference 2012: The Future Ready Firm London 21 June
Europe : Free fall or Free of shackles? CCH UK Conference 2012: The Future Ready Firm London 21 June
CCH UK Conference 2012: The Future Ready Firm London 21 June
Fiscal Pact? CCH UK Conference 2012: The Future Ready Firm London 21 June
CCH UK Conference 2012: The Future Ready Firm London 21 June
Countries most exposed the Greek debt CCH UK Conference 2012: The Future Ready Firm London 21 June
Government Deficit as % of GDP 2012 CCH UK Conference 2012: The Future Ready Firm London 21 June
G8 Growth prospects CCH UK Conference 2012: The Future Ready Firm London 21 June
S&P Sovereign Rating Criteria • Political Risk • Economic Structure • Economic Growth prospects • Fiscal Flexibility • General Government Debt burden • Offshore and contingent liabilities • Monetary Flexibility • External Liquidity • External Debt burden CCH UK Conference 2012: The Future Ready Firm London 21 June
It never rains but it ….. CCH UK Conference 2012: The Future Ready Firm London 21 June
Conditions for an effective fiscal pact in Eurozone • Central fiscal autonomy • Central monetary autonomy • Central budgeting across all nations • Central political leadership • Regional and sustainable electorate acquiescence to the above… CCH UK Conference 2012: The Future Ready Firm London 21 June
Options & end Game ? 60% 30% 10% - Greek exit - P & I exit - Total break up
CONFIDENCE IS WHAT YOU HAVE BEFORE YOU UNDERSTAND THE PROBLEM! WOODY ALLEN, 1935 - CCH UK Conference 2012: The Future Ready Firm London 21 June
‘Funding-for- lending’ = $80b + confidence boost CCH UK Conference 2012: The Future Ready Firm London 21 June
“You should do the mathematics but then burn the paper and write it down in words. Maths and models should be ‘aids to thinking’, not substitutes for it”. Alfred Marshall [the founder of Cambridge economics]
A few dark clouds • Eurozone • Tools to trade with • Retail businesses • BRIC slow down
UK economic outlook for the next 12-18 months • Growth • Unemployment • Inflation • House prices • Fiscal environment • Consumer activity • Confidence 1% 2.6m +2% +2% Hold Muted Improving CCH UK Conference 2012: The Future Ready Firm London 21 June
Reasons to be cheerful ! • Collective will • Forbearance • We are not in the Euro • Financial services will help GDP • Bank asset values • UK is seen as EU investment ‘safe haven’ • Credit rating agencies approving UK • UK can cut expenditure and debt • George may fully wake up CCH UK Conference 2012: The Future Ready Firm London 21 June
What your firm can be doing to prosper in the current and future markets CCH UK Conference 2012: The Future Ready Firm London 21 June
Future ready: 4 key Growth enablers • Vision • Strategy • Talent • Leadership CCH UK Conference 2012: The Future Ready Firm London 21 June
Your destination – defines your journey 1. Where do you want your business to go? 2. Where are you now? 3. What do you need to do to get there? 4. How can you do it? 5. What are the opportunities (and threats) 6. What are the strengths (and weaknesses) 7. Who will make it happen....? CCH UK Conference 2012: The Future Ready Firm London 21 June
The price challenge Communicate & connect services to Value & Outcomes CCH UK Conference 2012: The Future Ready Firm London 21 June
Enable & create change & innovation (a non negotiable culture) • Challenge the team • Empower the team • Establish unambiguous actions CCH UK Conference 2012: The Future Ready Firm London 21 June
Five ways to differentiate your business Service innovations Product innovations 1. Treat your customers differently – as well as better than anyone else 2. Present yourselves differently 3. Create your Brand – knowingly 4. Sharing and Giving 5. Create discussions and projects CCH UK Conference 2012: The Future Ready Firm London 21 June
Achieving the Achievable “Some people change when they see the light, others only when they feel the heat.” Anonymous
Yes we can ! CCH UK Conference 2012: The Future Ready Firm London 21 June
CCH UK Conference 2012: The Future Ready Firm London 21 June