Globalisation of professional services
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Globalisation of
Professional Services
Beyond Borders
Pavan Kumar Vijay, President, ICSIB
ord
ers
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YEAR 2005
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Opening of the Services Sector
Under WTO
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Pessimism
Threat of Invasion of Service Sector by 145 Member Countries of WTO in India
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Threat Threat
Th
reat
Th
reat
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Optimism
Opportunity to Invade Service Sector of 145 Member Countries of WTO by India
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OpportunitiesOpportunities
Op
port
unit
ies
Op
portunities
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• Multinational Corporate Governance
• International Regulatory Framework
• International Commercial Arbitration
• International Fund Raising
• Intellectual Property Rights
• Business Process Outsourcing
• Management Consultancy Services
Global Opportunities
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• Access to Global Market
• Access to Global Suppliers
• Access to Global Financial Resources
• Access to Global Manpower
• Access to Global Best Practices
• Access to Global Research
Global Benefits
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• Quality of Service
• Time Commitment
• International Operational Infrastructure
• High degree of competition among professionals
• Enhanced responsibility towards international community
• International language and cross-cultural issues
• Key Relationships in Foreign Countries
Global Challenges
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Coming Together is Beginning
Meeting Together is Progress
and
Working Together is Success
Henry Ford
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Hence threats can always be converted into opportunities by synergising on core
competencies i.e
BrandKnowledge
Infrastructure
Capital
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Think C-Commerce i.e Collaborative Commerce
How about CS, CA, CWA, Lawyers, MBA and IT professionals coming together to
create multinational mega firms?
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CorporateLaws
EconomicLaws
TaxationLaws
WTO & IPR
InternationalLaw
IT & BPO
ManagementConsulting
Quality of
Service
Finance and Accounting
Commerce
BrandSynergy
InfrastructureSynergy
CapitalSynergy
Collaborative Consulting Model
SingleWindowInterface
KnowledgeSynergy
GlobalPresence
Growing Revenues
Growing Customers
Growing Nations
CS + CA + CWA + LLB +
IT + MBA
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• United We Stand – Divided We Fall
• Global Reach of Professionals
• Wider Area of Expertise
• Active Networking and Public Relations
• Global Infrastructure Sharing
• Best Practices/ Expertise in Management of Firm
Multinational
Mega Firms
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Speed of Service Delivery
Quality of Service
Make Global Brands
Effective Customer Relationship
Global Presence
Big Size of Firm
Professional Ethics
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YEAR 2015
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We will see
Global Business Law (GBL)
Global Corporate Governance Standards (GCGS)
Global Accounting Standards (GAS)
Freedom from Economic Boundaries
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• Redefined Vision for Global Leadership
• Early preparation for year 2015
• Formation of Global Association of Professional Institutes or the GAPI
• Constitution of International Perspective Committee and Dedicated Section at ICSI
• Constitution of Working Group on WTO
• Synergising on Network of NISIET (Hyd)
• Opening Chapters of ICSI in Foreign Countries
ICSI Strategy
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The GAPI will be a nodal agency providing
• Common designation to professionals
• Affiliation of Professional Institutes
• Professional Database Services
• Common Code of Conduct
• Disciplinary Action Process
• Dispute Resolution
Global Association of Professional Institutes
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The members of the GAPI shall be:
• Representatives of Professional Institutes
• Representatives each from World Bank, IMF, ADB, UN, WTO, etc
• Representatives from academia, government, industry experts, etc
Global Association of Professional Institutes
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we will always stay ahead
Thank You
Globe AheadRest ofWorld
India
By joining hands