Recent TRG blog posts

Uncertain economic conditions have resulted in more informal and ad-hoc planning, budgeting and forecasting processes than before the financial crisis. According to data from a study by Aberdeen Group in 2011, although 65% of the surveyed companies have a formal planning and budgeting process, the figure is less than the 76% recorded back in 2008.

The International Financial Reporting Standards are the result of work begun in the early 1970s by the International Accounting Standards Committee (IASC). The slow evolution of IFRS adoption was accelerated in 2002 when the European Union Parliament designated IFRS as the accounting standard for publicly traded European Union companies beginning on January 1, 2005.

Annual reports are the only published documents that contain abundant information about a company’s performance. To get the most out of them, investors should have the right skills and knowledge. This blog outlines the basic components of an annual report and how to glance through the document if one has limited time.

Hospitality businesses in Vietnam to serve over 6 million tourists

Statistics from Vietnam National Administration of Tourism (VNAT) have revealed a 14% annual growth in international visitors to the country. In November alone, around 656,000 tourists visited Vietnam, bringing the total amount of international arrivals in the first 11 months of 2012 to 6,035,901^(*). The question now is, are hospitality businesses up for the game?

In 2012, China has taken the lead from USA and become the world’s largest food and grocery market. Next year, they are expected to be the biggest player in the luxury good market and surpass USA again by 2016 as the world’s largest retail market. While Western consumers reduce their spending expenditure, the rapid growth in emerging markets will contribute to a hugely different global retail landscape in 2022.

In the previous post, we discussed the first 2 steps in strategy mapping, which are specifying an overriding objective and choosing the value proposition. Now, we will go over the other 2 steps supposed to answer the question “What do you want to accomplish?”.

Ho Chi Minh City – 7^th December 2012 TRG again sponsored the RMIT Vietnam Career Centre WPP Networking Event on December 6^th at Purple Jade, InterContinental Asiana Saigon Hotel.

I was once called into see a new client who had a problem they wanted to discuss: "We undertook research about 18 months ago on how we could improve our customer experience. Our customers told us we needed to improve our billing. We have just spent $X million on a new billing system and it has taken months to implement. It's now been running for some time and yet our customer satisfaction scores haven't moved at all. What is the problem and can you help?"

A report published by Aberdeen Group in 2011 has identified the leading challenges for companies in terms of financial planning, budgeting and forecasting. Over the study’s three-year period (2009-2011), Aberdeen Group found that the leading pressures include:

“Smile to the world. We can help make you shine”