Clive Bennett How we got here our structure 1 st firms Hybrid 90% - - PowerPoint PPT Presentation

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Clive Bennett How we got here our structure 1 st firms Hybrid 90% - - PowerPoint PPT Presentation

Feb 10, 2024 170 likes •651 views

Clive Bennett How we got here our structure 1 st firms Hybrid 90% selected option join for agreed network review Building the new brand On-site Debate on the QA systems Review systems review network implemented designed begins

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Clive Bennett

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1st firms selected for review Hybrid

  • ption

agreed 90% join network

How we got here – our structure

2014 2017 2016 2015 Debate on the network Review systems designed

5 Asian firms

Building the new brand QA systems implemented

On-site review begins

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competitive strategy added value return on investment customer satisfaction member quality global ranking worldwide coverage recruitment internal rate of return stakeholder satisfaction long term objectives real value competitive advantage market share sustainability product development innovation market penetration technological advantage brand competitive strategy competitive strategy added value return on investment customer satisfaction member quality global ranking worldwide coverage recruitment internal rate of return stakeholder satisfaction long term objectives real value competitive advantage market share sustainability product development innovation market penetration technological advantage brand competitive strategy added value return on investment customer satisfaction member quality global ranking worldwide coverage recruitment internal rate of return stakeholder satisfaction long term objectives real value competitive advantage market share sustainability product development innovation market penetration technological advantage brand competitive strategy added value return on investment customer satisfaction member quality worldwide coverage recruitment internal rate of return stakeholder satisfaction long term objectives real value competitive advantage market share sustainability product development innovation market penetration technological advantage brand competitive strategy added value return on investment customer satisfaction member quality global ranking worldwide coverage recruitment internal rate of return stakeholder satisfaction long term objectives real value competitive advantage market share sustainability product development innovation market penetration technological advantage brand competitive strategy added value return on investment customer satisfaction member quality global ranking worldwide coverage recruitment internal

brand value

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Values associated with the brand Entrepreneurial Global Quality Personal

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Consistent brand usage Members more engaged More business exchange Champion expertise

Brand Value

Thought leadership Communicate values to clients

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The second oldest continually owned international accounting network in the world. 16th largest network worldwide.

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So what are we doing about all of this?

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Better brand usage

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Better website brand usage

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Better global website

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mgiworld.com mobile friendly website

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Higher profile for members’ expertise

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Exchanging expertise

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Gaining expertise

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M&A Martketplace

forumma.mgiworld.com

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Entrepreneurial Global Quality Personal

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Quality culture

Annual QA Self-assessment Audit independence checking QA online training & documentation Improved member selection Member discipline On site reviews

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Self-assessment & audit independence online

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And tells firms what they need to do

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So, now we have on site review

Asia MGI Hanmi Accounting Corporation LehmanBrown MGI Alliance PAC SR Dinodia & Co APV (Cambodia) Co., Ltd

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We have reviewers

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There is a timetable

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There are processes

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There will be classifications

  • Level 1 – very good or excellent quality. Some

minor deficiencies may need remediation.

  • Level 2 – adequate quality. Reasonable quality

assurance systems are in place but some significant deficiencies require remediation.

  • Level 3 – poor quality. Quality assurance

systems are substantially deficient and require significant effort and investment of resources to remedy.

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  • 27 member networks including Big 4
  • Critical part of IFAC
  • Nominates members of standards boards
  • Promotes ISA, IFRS, ISQC1

WHAT IS IT?

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  • MGI Worldwide made Affiliate member 1 July
  • Cannot mention Affiliate status publicly
  • Preparatory status during evaluation
  • Our QA systems “best they have seen in an

applicant network recently”

  • Expect to be full members end 2018.

OUR MEMBERSHIP STATUS

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  • Prestige – adds value to members’ brands
  • Access to regulators and standard setters
  • Dialogue with biggest networks
  • Status for important transnational business
  • Quality assured alternative to big firms
  • Global institutions such as IMF, European Commission, World Bank,

UN

  • Large financial institutions
  • Multinationals for complementary services

THE ADVANTAGES

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Why QA ?

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MGI Worldwide Quality Assurance Why is it important?

  • “Safe pair of hands”
  • Improve quality worldwide
  • Global prestige - qualify for Forum of Firms
  • Reputation
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So, how can you get more

  • ut of

membership?

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How does membership add value to your business? Inward business from MGI

+

Revenue

International service Global quality assurance

+

Margin Keep clients More clients Better clients

Reputation from prestigious

  • rganisation
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You get out of MGI Worldwide what you put in

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We provide the tools

Global website Area websites M&A Marketplace Practice groups Newsroom White paper template Firm flyer template Webinars Member information Global meetings Regional meetings Social media Video

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We need you to do the work!

Global website Area websites M&A Marketplace Practice groups Newsroom White paper template Firm flyer template Webinars Member information Global meetings Regional meetings Social media Video Videos & documents in Spanish

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Global website Area websites Practice groups Member information Webinars Firm flyer template White paper temp. Newsroom Social media Regional meetings Global meetings M&A Marketplace Send in news Write white papers Flyers and video to clients Propose webinars Post on social media Video Create and join practice groups Go to meetings

  • utside your Area

Post M&A

  • pportunities

We need you to do the work!

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membership enhancement project

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What we offer The reality gap Stuff

What members actually see

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Members’ marketing toolkit

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New member onboarding

One year support Structured induction Promotion inside MGI Worldwide Support for promotion in local market Web design toolkit and advice Brand compliance support Meetings attendance support Members’ Area website tools QA tools …

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Existing member MGI marketing review

Individual MGI marketing review Once every two years Reintroduction to members’ marketing toolkit Recommendations for improvement Implementation support Measurement tools

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MGI Worldwide resources

We plan to recruit one full time person for this project Member Support Manager

(to be confirmed!)

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To maximise

the value of membership

to your business.

Project objective

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Questions?

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Demonstration of QA system online