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Deloitte Touche Tohmatsu The Sunny People Ronak Dedhia Sid Mathew Jordan Parfitt Luis Sierra Jake Woerner Summary Memorandum Background Information Deloitte Globally Communication within and outside of Firm Strength & Weaknesses of Company 2004 Annual Report Review Questions & Answers Mission: To help our clients and our people excel. To be recognized as the best professional services provider in the world. To think Globally and Locally. Solutions to complex problems will sustain leadership. Units of Deloitte Audit Tax Consulting Financial Advisory Audit External Audit & Internal Audit. Audits of Financial Statements. Audits of Internal Control. Teamwork, Leadership, Challenge. Growth Opportunity. Highest Revenue returns. Some of Deloitte’s clients Comcast Corporation Microsoft Corporation Boeing Company Verizon Wireless Nextell communications Morgan Stanley Merrill Lynch & Co. Procter and Gambel Company Gap Inc. Nissan North America Inc World Bank Deloitte : Globally Deloitte is one of the big four accounting firms. More than 120,000 professionals and operations in more than 700 cities in 150 countries. 307 on the fortune 500 list. Revenue of more than $16 billion. 21% of the world’s largest businesses. Growth of Deloitte 2006 2004 2002 2000 1998 1996 1994 1992 1990 1988 Series1 1 2 3 4 5 6 1994 1996 1998 2000 2002 2004 Where are the people concentrated 140000 120000 100000 80000 Asia-Pacific/Japan Europe/Middle East/Africa Americas 60000 40000 20000 0 May-02 May-03 May-04 Sep-04 Asia-Pacific/Japan 17000 21200 19800 20000 Europe/Middle East/Africa 41200 50950 47000 46500 Americas 42200 47850 48200 50500 The Interview Mr. Kirk: He described the corporate atmosphere as being positive, honest and highly flexible. He appeared to be a transformational manager. His subordinates are given maximum autonomy and their input is highly valued when making decisions. Human resources model. Communication Within the Firm Deloitte Touche uses Microsoft Outlook as its email provider for the whole company. Outlook has a feature that allows any Deloitte personnel to attain contact information from any other employee in Deloitte. Deloitte also uses a private instant messenger within the company so that employees can reach each other immediately. Communication Within the Firm (contd.) Although the organization uses technology to its advantage it encourages employees to have personal visits. The firm also gives each employee a personal voicemail extension. Communication Outside the Firm In accounting, there are employees that work personally with the clients, while the project leaders communicate mostly through email or telephone. Strengths Financial Stability Use of Human Resources Model Brings in more than 16 billion annually, clients in over 150 countries Major clients included Fortune 500 corporations Open Communication Diversity Use of Technology Palmtops and/or Laptops for most employees Online Messaging Service, Global Communication Weaknesses No Paper Backups Large Corporate Infrastructure System goes down, no work gets done Information easily lost Smaller voices can’t be heard Less interaction between management and employees Laid Back Atmosphere Unproductive Employees can get of track easily Deloitte Touche Tohmatsu 2004 Annual Report Communicates with three groups: stakeholders, potential employees, and current employees Provides financial data Provides insight into corporate culture Provides information about client services Sample Information: Stakeholders Reaching out to Current and Potential Employees Deloitte Touche Tohmatsu attributes its international success to its employees Possesses a culture that reflects the diversity of their clients and workforce Top priorities for employees: sustain leadership, accountability, Flexible work schedules Leadership and Diversity Open communication Laid-back atmosphere Believes LEADERSHIP + DIVERSITY = SUCCESS Resembles Human Resource model Strengths and Weakness of the Annual Report Provides clear, concise data about the operations, culture and goals of the company Strong Visual aids Strong Color Scheme Effective use of theme: sustainable leadership & diversity Poorly organized Too much data No Table of Contents Priority of Data Reader becomes overwhelmed Some data is not important Lack of Visual Aids Certain sections should have had visual aids Conclusion: Thank You For Your Time! Any Questions?