Transformation at Ernst & Young, United Kingdom

Table of Contents

Introduction1

Thesis statement1

Significance of the study2

About the company2

Addressing Problem3

Design Phase3

Effect of trainee demographics, job complexity, and changes in technology4

Employee demographics4

Job complexity5

Changes in technology5

Research Methodology6

Dissemination of vision6

Confidence7

Objectives of the Training Course7

Lesson plan for two days of the training program9

Content/Materials required for execution of training9

Criteria for instructor/facilitator selection10

The Role of Trainer10

Conclusion11

References13

Transformation at Ernst & Young, United Kingdom

Introduction

Organisations must have leadership that is strong, committed, and innovative and has the vision to foresee what might happen. For the leader, to guide the work units together with a general process without delays, defects or rework. Stable organisations hire the best staff and reward for exceptional performance. An institution is moving towards stability Christianizing organisational effectiveness powers through such things as personal, interpersonal, managerial and organisational (Katt & Condly, 2009). This means that leaders must possess a level of maturity and learning that allows each person identified as a single person, which should be involved in the organisation as part of a system essential for the stability of the company. According to Jessup(1990), the efforts to business success does not depend exclusively on the leader, if he does not think strategically, and in conjunction with the team, techniques and management tools are not able to develop on their own, nor can the organisation develop.

Thesis statement

Transformation is the need of time in today's competitive environment. With the crisis that recently struck the major nations of the world, being coiled under the international financial meltdown, there was serious collateral; irrevocable damage that had been done unto this industry, severally affecting the decisions and the outcomes that were projected otherwise.

Significance of the study

One of the largest accounting firms in the world, Ernst & Young is no stranger to business success. They have also accomplished the amazing feat of appearing on the FORTUNE 100 Best Companies to Work For® list 14 years in a row. At this year's Great Place to Work® Conference, Ernst & Young presented on how they not only survived the economic downturn, but also managed 15% growth while remaining a Best Company.

The managing partner of Ernst & Young, Nick Land observed that for more better result and growth of the company they need to transform it into more fast-footed, and client-focused one, they wanted ot prepare the firm for an increasingly competitive market of UK for financial advisory, tax and audit services (Herman & Heimovics, 2005). Although the managing partner was quiet encouraged and energetic regarding the performance of the firm, but he wanted to get the firm on higher place in the market.

About the company

Ernst & Young is one of the largest professional services firms in the world which include audit, tax, finance, accounting and management consulting company. Ernst & Young is one of the Big Four, along with PricewaterhouseCoopers (PwC), Deloitte Touche Tohmatsu (Deloitte) and KPMG. According to the magazine Forbes, in late 2011 for its size is the eighth-largest private company in the United States.

Ernst & Young is an organization with worldwide ...