Andersen Consulting: grand designs on IT

Article Abstract:

Arthur Andersen is a major player in the field of information technology (IT) consultancy in the UK. Arthur Andersen still receives more revenue from its traditional tax accounting and auditing functions than it does from providing IT consultancy services, but the IT consulting part of the company, Arthur Andersen Consulting, is growing at 25-30% annually. The firm's tax and auditing services have given it advantages over other consultancy firms: wide contacts, and a reputation for being business-oriented and reliable. The firm invests heavily in training for its IT consultants, spending $112 million internationally for training in its consulting division in 1989. The firm's approach to IT consulting is heavily oriented towards clients' business needs, with each job being assigned an engagement partner whose function is to keep a client's business objectives constantly in mind. The company is now offering computer-aided software engineering, providing clients with the automated means to build software systems.

United Kingdom, Analysis, Financial services industry, Accounting firms, Accounting services, Great Britain

---

An investment culture in need of therapy

Article Abstract:

The rewards of successful biotechnology research and development projects are enormous. Unfortunately, European biotechnology companies are being hampered by lack of funding. Venture capitalists in Europe are hesitant to provide the necessary finance to these biotech firms because they are short-term-oriented, which means that they want to have immediate results. They do not take into account the fact that it takes many years before a single product can be tested and finally approved for marketing. Moreover, they do not understand what exactly constitutes biotechnology, which is no surprise given the fact that even biotech insiders are not in consensus when it comes to defining biotechnology. Nevertheless, hopes are up for the biotech industry of Europe as it shifts its focus from monoclonal antibody to gene therapy and forms alliances and acquisitions.

Biochemistry, Research and Development in the Physical, Engineering, and Life Sciences, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Research, Biotechnology industry, Biotechnology industries, Finance

---

Wadia quits as Andersen Consulting splits from AA

Article Abstract:

Andersen Consulting is to separate from Arthur Andersen (AA) after a lengthy legal battle. The dispute, centered around sharing of fees and client bases, led to the early retirement of AA managing partner Jim Wadia.

Laws, regulations and rules, Accounting, Consultants, Consultants (Persons), Arthur Andersen & Co. (New York, New York)

Similar abstracts:

• Abstracts: Asset stripping by decree? Banking on the needs of the elderly
• Abstracts: The Japanese are coming. Offshore investment: the pace is hotting up. Capital expansion: finding the finance for growth
• Abstracts: Fitness guru's plans to muscle in on the health trade. The Main man finds his Forte
• Abstracts: The economics of a united Germany. Is there a cure for post-reunification blues? Asian shock waves buffet Eastern Europe
• Abstracts: Filling the GAAP for small companies. Implementing FRS 8: some practical aspects

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.