Ernst&Young presented "Competing for Growth" study to British Business Group

Ernst&Young presented "Competing for Growth" study to British Business Group

Ernst & Young sponsored BBG monthly meeting on June 2, 2011 at Hyatt International Center. The meeting has been attended by over 100 executives from various companies as well as UK Trade Mission.

Turgay Teymurov, Ernst & Young Assurance Partner, provided an overview of EY activities in the market and made a presentation on recent research program "Competing for Growth".

About "Competing for growth"

Competing for growth is our latest research program. With its first version launched in October 2010 we sought to understand what companies are doing to return to profitable growth. With our Competing for growth refresh - How business is growing beyond boundaries - we are now trying to identify how high performing companies have implemented successful growth strategies and respective tactics.

Towards the end of 2010 we interviewed executives from 1,400 companies from around the world and across all sectors. In January and February 2011 we complemented this research with two additional research studies, one aiming at 400 C-suite and marketing managers to better understand how they entered new markets and innovated, and one aimed at additional 400 C-suite and HR directors to understand how they addressed talent management.

We have identified the 33% of "high performers" in terms of both profit and revenue growth and tracked their responses to see if a pattern of successful management action can be found and detail further explained.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 141,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young expands its services and resources in accordance with clients' needs throughout the CIS. 3,500 professionals work at 18 offices in Moscow, St. Petersburg, Novosibirsk, Ekaterinburg, Kazan, Krasnodar, Togliatti, Yuzhno-Sakhalinsk, Almaty, Astana, Atyrau, Baku, Kyiv, Donetsk, Tashkent, Tbilisi, and Minsk.

For more information about our organization, please visit www.ey.com.

Ernst & Young in Azerbaijan

Ernst & Young has made a major commitment to Azerbaijan and the region with the opening of our office in Baku 1 7 years ago and the growth of our local financial service industry group. Today, in addition to being a leading audit firm in Azerbaijan, we are the leading firm in the region. Because of our experience and depth of knowledge, we have been able to assist both domestic and international companies as well as state-owned entities in developing them to face the challenges of the international economy.

We currently have more than 120 staff in our Baku practice, which served our clients, including banks and other financial institutions, in Azerbaijan. The strength of Ernst & Young in the Caspian Region and the firm's commitment of resources are important to the entities operating in the region. It means that as we grow, Ernst & Young will continue to demonstrate a tradition of hiring and training local professionals to be leaders in our practice.

For more information, please refer to http: //www.ey.com/Azerbaijan.

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