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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