Globalisation of professional services

Globalisation of

Professional Services

Beyond Borders

Pavan Kumar Vijay, President, ICSIB

ord

ers

YEAR 2005

Opening of the Services Sector

Under WTO

Pessimism

Threat of Invasion of Service Sector by 145 Member Countries of WTO in India

Threat Threat

Th

reat

Th

reat

Optimism

Opportunity to Invade Service Sector of 145 Member Countries of WTO by India

OpportunitiesOpportunities

Op

port

unit

ies

Op

portunities

• Multinational Corporate Governance

• International Regulatory Framework

• International Commercial Arbitration

• International Fund Raising

• Intellectual Property Rights

• Business Process Outsourcing

• Management Consultancy Services

Global Opportunities

• 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

• 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

Coming Together is Beginning

Meeting Together is Progress

and

Working Together is Success

Henry Ford

Hence threats can always be converted into opportunities by synergising on core

competencies i.e

BrandKnowledge

Infrastructure

Capital

Think C-Commerce i.e Collaborative Commerce

How about CS, CA, CWA, Lawyers, MBA and IT professionals coming together to

create multinational mega firms?

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

• 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

Speed of Service Delivery

Quality of Service

Make Global Brands

Effective Customer Relationship

Global Presence

Big Size of Firm

Professional Ethics

YEAR 2015

We will see

Global Business Law (GBL)

Global Corporate Governance Standards (GCGS)

Global Accounting Standards (GAS)

Freedom from Economic Boundaries

• 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

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

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

we will always stay ahead

Thank You

Globe AheadRest ofWorld

India

By joining hands