PRACTICE MANAGEMENT |
| 4.1 What do you perceive as being the biggest threat for your industry going forward? |
Main threats would be
1. The weaker economic environment and the potential of further worsening
2. Impact of further reduction in Ireland�s competitiveness e.g. less FDI, more offshoring etc. |
| 4.2 What do you perceive as being the biggest opportunity for your industry going forward? |
A key opportunity for us is the increasing number of Irish companies expanding abroad.
Other opportunities would be
1. The increasing complexity of doing business
2. Increased regulation |
| 4.3 Are staff shortages still a major problem in the industry? |
There is not a simple yes or no answer to this question. Overall, staff shortages are less of a problem given the significant investment we have made in recent years. However, there is still strong demand for the best and brightest people and this is unlikely to change regardless of market conditions |
| 4.4 Do you feel that the partnership model is outdated? |
No |
| 4.5 Do you feel that your company has to move towards a more corporate model in managing business? |
|
| Explain your decision: |
There is not a simple yes or no answer to this question. In KPMG Ireland, given our size, we have adapted a more corporate style in how we organize and manage ourselves operationally on a day to day basis but the partnership ethos continues to be fundamental to the way we govern ourselves and our business at this time. |
| 4.6 Do you feel the credit crisis will effect your business going forward? |
Yes |
| Explain your decision: |
The credit crisis has obviously had an impact on all business in Ireland and will continue to do so for some time. The level of transaction activity is down and this impacts the demand for certain services we offer. That said it also promotes opportunities for services that assist companies to ensure they are effectively structured and are managing cash efficiently in a much tighter credit market. |
