cultural diversity
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Cultural DiversityBased on the example of Thomson Reuters
17th May 2011
THOMSON REUTERS GLOBAL RESOURCESTHOMSON REUTERS GLOBAL RESOURCES
1. Thomson Reuters
2. Intercultural issues
Agenda
THOMSON REUTERS GLOBAL RESOURCES
Thomson Reuters – Corporate Purpose
We provide intelligent information to the world’s businesses:
THOMSON REUTERS GLOBAL RESOURCES
Legal: $3.6bnWestlaw is relied upon by 98% of the world’s major law firms.
Healthcare & Science: $0.83bnInforming healthcare decisions affecting over 150 million lives and used by over 20 million
researchers worldwide.
Media: $0.37bnReuters News reaches over one billion people every day.
Tax & Accounting: $1.0bnCheckpoint used by every one of the top 100 U.S. accounting firms.
Financial: $7.5bnProvides financial applications for over half a million professionals globally.
We have the #1 or #2 position in the markets we serve
Our Businesses
THOMSON REUTERS GLOBAL RESOURCES
1Company – 2 Divisions
Professional Division
MarketsDivision
THOMSON REUTERS GLOBAL RESOURCES
TR Professional Division at a Glance
Legal
$3.6 billion revenue 2009
Market-leading online legal
information in U.S. and Canada
Largely based on Novus, TRGR’s original asset
Tax & Accountin
g$1.0 billion revenue
2009
Market-leading U.S. Tax Research
Platform
Strong international growth potential
Health & Science
$0.8 billion revenue 2009
Combines U.S. healthcare and
international scientific assets
U.S. healthcare reform key driver; scientific business truly international
THOMSON REUTERS GLOBAL RESOURCES
TR Markets Division at a Glance
Sales & Trading
$3.6 billion revenue 2009
Delivers the pre-trade, trading and
post-trade processing solutions necessary
to drive global markets.
Investment &
Advisory
$2.3 billion revenue 2009
Offers differentiated analytics, content and
workflow tools that drive decision-
making, performance & efficiency in
investment mgmt, banking, retail wealth
mgmt and Corporations.
Enterprise
$1.3 billion revenue 2009
Enables automation of trading processes
from front to back office, risk and
portfolio management systems, and data
distribution platforms for financial
institutions globally.
Media
$0.3 billion revenue 2009
Informs the world by providing authoritative news and information
to media and business
professionals
.
THOMSON REUTERS GLOBAL RESOURCES
.
Largest Provider of Intelligent Information
Thomson Reuters is the largest provider of intelligent information to business and professional customers in the world. Generating a total revenue of $13.0bn in 2009.
True Global Presence We operate in 300 cities in over 100 countries across the world
For Professionals, By Professionals
Across our business, we have varied and vast expertise, including 14,300 legal experts; 9,300 financial experts; 4,800 tax and accounting experts; 4,500 healthcare and scientific experts and 2,800 seasoned journalists.
Strong Brand Named #40 in the BusinessWeek 2009 ranking of the 100 Best Global Brands.Ranked #2 for Financial Data Services in Fortune’s 2010 Most Admired Companies list
Competitive Advantage
THOMSON REUTERS GLOBAL RESOURCES
• TRGR since 2002
• Thalwil (2002 – 2005)
• Zug (2005 – 2009)
• Baar (as of 06/2009)
• Over 120 staff (80 expats)
Thomson Reuters Global Resources (TRGR)
THOMSON REUTERS GLOBAL RESOURCES
120 Employees – Steady Profile, Few Moves in Q1
THOMSON REUTERS GLOBAL RESOURCES
• Message of Tom Glocer, CEO Thomson Reuters
• Diversity is good for business because:
– Promotes global thinking (helps to expand business globally)
– Fosters innovation (fuel for revenue growth)
– Reflects inclusive, welcoming culture (people feel safe to
speak-up, contribute their best)
– Passion for talent (intelligent information)
– Employer of choice
Thomson Reuters: Diversity
video_akamaizer.htm
THOMSON REUTERS GLOBAL RESOURCES
• Diversity
– Local vs Expats
– Language barriers
– Cultural differences
• Actions
– Let‘s connect
– Spousal days
– Volunteer day
Thomson Reuters Global Resources: Diversity
THOMSON REUTERS GLOBAL RESOURCES
Improvement: Ambiance
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