Archive for the 'Financial and Investor' Category
Shanghai, November 8, 2013 – MSLGROUP, the strategic communications and engagement consultancy of Publicis Groupe, and the largest brand and reputation advisory network in Europe, Greater China, India and Asia overall, today announced a series of strategic new hires in Asia. Read More>>
The new Free Trade Zone (FTZ) which was officially opened on September 29 has been hailed by commentators as a “milestone” and a “harbinger of new market reforms” in China. The FTZ is still a work in progress, and although it is not yet clear what the specific policies for companies may be, it does indeed seem to have strong support from both central and local authorities. For these reasons, and given the possible business opportunities as well as the overall ramifications for the Chinese business environment, we feel that Multinational Corporations (MNCs) in China should pay close attention. MSLGROUP Public Affairs colleagues meet regularly with senior officials in both Shanghai and Beijing. We have decided to include the FTZ in our ongoing discussion topics with officials, as well as distributing a specific update to our clients on a regular basis to provide our insider’s perspective on the latest developments of the FTZ.
The Holmes Report described MSLGROUP as having formidable corporate communications and public affairs capabilities
Shanghai, October 16th, 2013: MSLGROUP, Publicis Groupe’s strategic communications and engagement consultancy, was named the ‘Best Corporate Consultancy in the World 2013′ by The Holmes Report, one of the most authoritative commentators in the communications industry. The recognition is a testimony to the consultancy’s strengths in helping its clients establish, protect and expand their business through strategic reputation management and corporate advisory practices.
Paul Holmes, editor of The Holmes Report, said of the award, “MSLGROUP has quietly pulled together one of the most formidable corporate capabilities in the world…providing an impressive range of financial communications and corporate and public affairs counsel.” This highly prestigious acknowledgment comes within weeks after The Holmes Report appointed MSLGROUP as ‘Asia-Pacific Consultancy of the Year.’
Glenn Osaki, Asia President, MSLGROUP, said: “In Asia, more and more of our clients are turning to MSLGROUP for higher value communications advisory. This has given us the opportunities to provide counsel beyond communicating a business strategy but for the shaping of it. To ensure that we stay close to our clients’ business, we have focused on strengthening our Strategic Communications Advisory in Asia, including investing to ensure that we have the strongest talent in public affairs and government relations in China, India and Singapore, as well as establishing our regional Financial Communications practice in Hong Kong in 2012.”
Highlights from MSLGROUP in Asia include multiple high-level and cross-market advisory work across the region for clients including P&G, Coca-Cola, Walmart, Business Software Alliance, and Invest in France Agency. MSLGROUP is playing a large role to provide integrated communications for leading companies in India, including Dell and United Technologies (UTC). The China team regularly advises C-suite executives on all issues related to communications with significant impact on business strategy, including its 15+ year client, IKEA. Since 1997, Genedigi Group in China has been providing strategic public affairs and corporate communications counsel to a large number of Fortune 500 companies and Chinese firms.
On the global scale, examples of MSLGROUP’s world-class advisory includes its strategic corporate counsel for UTC across its diversified aerospace and building systems industries, which has helped UTC to become one of the most admired companies in the world; a 15-market thought leadership and public affairs campaign for the World Gold Council; Kekst’s work on the American Airlines bankruptcy and subsequent merger with US Airways; reputation and issues management for Google in Germany and Italy; and CNC’s work on the Vodafone/KDG takeover and Lufthansa’s sale of BMI to British Airways. Read More>>
How social and mobile technologies are changing the way people earn, manage and spend money
What is the Future of Money?
Social and mobile networks, and the rich data streams that emerge out of them, are fundamentally changing the way people 1) create, store and access value 2) accumulate, measure and exchange currencies and 3) earn, manage and spend money.
Last month, MSLGROUP launched an executive whitepaper discussing how Chinese companies can level the playing field in terms of outbound M&A negotiations, and potentially save the country more than US$30 billion in excess bids that are currently required in order to even stand a chance of being successful.
However in the same way that we argue communications must be initiated well-ahead of a deal even being negotiated, albeit in a different mode at that stage, we also discuss outreach during a deal and the fact that post-deal communications are equally crucial. Many business leaders agree that this is the most challenging component of M&A transactions. Li Shufu, Chairman of Geely, has repeatedly said that managing the corporate culture of his organization post acquisition of Volvo has been one of the most challenging issues he has faced during his whole career.
Cost of replacing lost employees
The Center for American Progress estimates that the cost of replacing a ‘normal’ employee (with an annual salary of less than $50,000 – which means more than three quarters of the American population) is 21 percent of their salary. According to a report by PricewaterhouseCoopers, combined turnover-related costs can represent more than 12% of pre-tax income for the average company. Harvard Business Review published a case study on a watch company where the CFO found that the high voluntary turnover rate of 39.3% among assembly line workers during 2006, was costing her company as much as Rmb 718,189. The cost soars even higher as you start to look at the cost of losing someone at the senior and executive levels. For those in the top quartile, PWC indicates turnover costs are equivalent to nearly 40% of earnings.
In addition to the lost productivity during a vacancy, including that of the team and managers who are covering for a vacant position, and then training the new hire, and potentially increased labor costs due to overtime or contractors and recruitment and onboarding costs, there are also knock-on effects in terms of things like the effect on customer satisfaction and loss of institutional knowledge.
There is of course also the anxiety and uncertainty that employees experience as their company is being acquired. When we asked people to rank their concern if their company were the target of an acquisition, on a scale of one to seven (one being highly concerned), more than half of respondents rated their concern between one and three. This will of course negatively influence morale and productivity if not effectively managed.
Furthermore, statistics from our survey of more than 1,600 people in the UK, the US and France, reveal that 84 percent of Americans believe company culture is very important, followed by 69 percent of French respondents and 56 percent of those in Britain. Surprisingly, two-thirds of the interviewed responded that they believe the culture of a company influences their work performance.
For these reasons, business leaders ignore employee communications around M&A transactions at their peril. Management must keep employees informed throughout the acquisition process if they wish to eliminate unnecessary distrust and anxiety from target companies.
Post-acquisition, one can easily argue that given the cost of replacement and the potential damage incurred in the loss of customer base relating to employee turnover, means that nurturing the merged corporate culture should be at the top of the management team agenda.
Building a post-transaction identity
Beside, town hall meetings, regular exchanges from the C-suite and senior management, social initiatives and a useful and interactive Intranet site can all help build a strong and healthy corporate culture which will in turn improve the performance of both employees and the company as a whole. Read More>>
MSLGROUP whitepaper indicates effective communications key to ensuring the success of deals with Chinese investors
Beijing, China, 15 July 2013 – Chinese literature such as Sun Tzu’s Art of War and Confucius’ Analects have been associated with the success of Warren Buffet, Oprah Winfrey, and Bill Gates, yet Chinese management teams remain unwelcome: 57 percent of westerners would be concerned if someone from China headed the company where they work, according to a survey carried about by MSLGROUP, Publicis Groupe’s strategic communications- and engagement consultancy. Titled “Leveling the M&A Playing Field: Reducing the bidding premium for Chinese companies in outbound M&A”, the company’s latest whitepaper outlines key factors that can lead to deal failure and the communications remedies. Read More>>
Last month, MSLGROUP in China launched a report http://slidesha.re/18fS01t discussing how Chinese companies can level the playing field in terms of outbound M&A negotiations, and potentially save the country more than US$30 billion in the form of a premiums of up to 20% that professional advisers commonly agree are currently required in order to even stand a chance of being successful. Even then attempts by Chinese companies to acquire companies overseas often face opposition at the public and political levels. Read More>>
This is an inflection point for India. As its makes its way through the second decade of the 21st century, it is dealing with an economic downturn that has hit the brakes on growth, eroded investor confidence and taken inflation to worrying levels. Next year, India will vote in a general election in which corruption, right-wing fundamentalism, internal security, and law and order will be major issues.
What does this mean for businesses seeking to negotiate the economic, business and regulatory environment? What can foreign businesses and potential investors in India expect over the next few months? What is the implication of the changing landscape on the economy? Read More>>
Since 1991, when India kickstarted reforms, its parameters for judging progress have been narrow. Growth rate, investment, expenditure and deficits are the terms frequently used in discussions on ‘development’.
But an economy is more than just that. It has as its constituents issues that are serious, but ignored.
For instance, did you know that sports are vital to the economy? Normally, the discussion centres on sport icons or the number of medals won. But, the United Nations Millennium Development Goals view sports as an economic engine. Sports create employment opportunities and the demand for sports goods and services contributes to the economy. An inclusive national sports programme could provide opportunities and social upliftment for marginalised sections, such as women and the physically challenged. Read More>>
MSLGROUP recently held its 3rd Asian Finance Summit which took place on April 18 and 19 in Asia’ s World city – Hong Kong. MSLGROUP Asia puts financial and strategic communications at the heart of its development model and has decided to turn Hong Kong into the Asia hub for Financial Communications starting in the last quarter of 2012.
Par Uhlin, Managing Director of MSL China, who has added Hong Kong to his portfolio of markets, has already started to strengthen business relationships between the MSL HK financial communications department (led by Antoine Denry) and the two other financial communications practices in Mainland China, Shanghai led by Linda Du, and Beijing led by James Hawksworth. Read More>>