KPMG International LLP

KPMG's Butler: Speed is Key to Success in Today's New Global Marketplace; Urges Partners at International Assembly to Adopt 'Culture of Leadership'

Berlin (ots-PRNewswire) - With market and geographic barriers dissolving at a rapid pace in today's international marketplace, companies are placing a huge premium on instant response, agility, and the ability to move resources to adapt to market events in real time, KPMG Chairman Stephen G. Butler told the opening session of the organization's international partners conference here today. (Logo: http://www.newscom.com/cgi-bin/prnh/20000901/KPMGLOGO Photo: http://www.newscom.com/cgi-bin/prnh/20000901/BUTLER ) Lauding the quality of KPMG's member firms, Butler told delegates from the professional services organization's global network of 159 member firms, "In almost every country and region, I have seen our member firms performing at high levels. In fact, in most countries, we are performing at record levels of growth and profitability. "However, we must secure a leadership position to meet the imposing challenges as well as the tremendous opportunities in this most important period in our history. I urge you to adopt a 'culture of leadership', " he said. "Today, corporate leaders measure business cycles, and their careers, in months, not years, and the pressure to succeed creates an insatiable thirst for new ideas and better solutions to business problems" Butler noted. "For KPMG, that means that it's not enough to have great ideas, as we do -- we have to put them to work almost immediately. This has nothing to do with size and everything to do with speed, creating great opportunity for our firm." Outlining the attributes of a KPMG "culture of leadership," Butler said it is critical to create a culture that: "Energizes competitiveness, liberates the creative, risk-taking energy in every employee. It must be a culture that instills a sense of urgency in everyone and that supports and rewards the agility necessary to be a world class global organization." Defining the vision that will help create the global KPMG culture -- and underscoring the importance of client responsiveness -- Butler said that, "Speed and agility will define who we are. We will anticipate market swings, innovate, make bold moves and take calculated risks. We will have first-mover advantage and we will change the competitive landscape, always ahead of the competition," he said. Butler added that a culture of leadership also means "globalizing for strategic advantage -- and managing the future by creating change, not reacting to it." Describing KPMG's strategic priorities of 1.) globalization, 2.) global client relationships, and, 3.) world-class talent as "inseparable," he pointed out that successfully globalizing KPMG will significantly enhance the chances of success for the other two priorities. KPMG formed three operating regions last year: the Americas, Europe/Middle East/Africa, and Asia Pacific to provide seamless service on a global basis. "Globalization is our strategic imperative because it has become an essential marketplace imperative for every business. Our stewardship obligation will be fulfilled only when we have created a truly global organization," he said, urging the delegates to continue moving KPMG from the first phase of globalization, the execution of agreements creating regional organizations, to the second phase -- achieving common operational management and profit sharing across each region. The annual gathering of KPMG member firm partners from around the world will continue through Wednesday. In noting KPMG's achievements over the past year, Butler said, "It has been one year since I formally assumed the international chairmanship, and as I reflect on the first year, I can't help but admire the immense power and promise of KPMG. We are a large and important presence on the global stage." KPMG is the global network of professional service firms whose aim is to turn understanding of information, industries and business trends into value. With more than 100,000 people worldwide, KPMG member firms provide assurance, tax and legal, financial advisory and consulting services from more than 830 cities in 159 countries. ots Original Text Service: KPMG Internet: http://recherche.newsaktuell.de Contact: In Berlin - George Ledwith or Tim Connolly, at Hotel Inter-Continental Berlin, +49-30-2602-0; or In US - George Ledwith, 201-505-3543, or Tim Connolly, 201-505-3617, both of KPMG Photo: http://www.newscom.com/cgi-bin/prnh/20000901/KPMGLOGO http://www.newscom.com/cgi-bin/prnh/20000901/BUTLER Original-Content von: KPMG International LLP, übermittelt durch news aktuell

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