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A Global Company Performs on the World Stage. Wolters Kluwer 2.0 +. Nancy McKinstry Chief Executive Officer and Chairman of the Board of Wolters Kluwer. Worldwide Internet Usage is Exploding. A nursing shortage of 340,000 in the US alone.
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A Global Company Performs on the World Stage Wolters Kluwer 2.0 + Nancy McKinstryChief Executive Officer and Chairman of the Board of Wolters Kluwer
A nursing shortage of 340,000 in the US alone. In China, there will be 2 million lawyers from 120,000 today. 75% of the members of the AICPA (US Accounting Trade organization) will be eligible to retire. By 2020
Communication User-generated content Context-relevant user and networking experiences Deeper integration of research applications Web 2.0 Applications Become Increasingly Important to Information Users 4
Our Strategy Transformed and Accelerated Our Growth Wolters Kluwer Today 2003-06 Strategy • Leader in core markets • Clear momentum around organic growth • Local focus, global scale • Product depth and breadth with focus on essential customer content and workflow tools • Operational discipline • Strong organizational capabilities • Strengthened market positions and portfolio • Restructured cost base and increased operational rigor • Developed significant presence in online and software • Reallocated capital to higher growth markets • Achieved major increase in shareholder value 10
1 2 4 3 Enhanced value for customers, shareholders, and employees Grow Our Leading Positions Capture Key Adjacent Markets Exploit Global Scale and Scope Institutionalize Operational Excellence Wolters Kluwer’s Strategy for Growth
Customer Knowledge Drives Innovation and Product Expansion Scan Drive Productivity: New Functions & Flexibility Tax and Accounting Example Practice Driver Global fx Software Profit Driver Planning Engagement TaxPreparation Outsource Fixed Assets Document Practice Site Builder Client Write-up Trial Balance Client Relate Global Leverage Online Delivery Wolters Kluwer Global Platform Content Content Expand Print Content Tax Research Network State Tax Reporters CCH Federal Tax Reporters International Content Interactive Tools – SmartCharts & Client Relate Specialty Practice Areas Accounting & Audit Expand A&A Integrated Libraries
Talented, informed, and united leaders Willingness to listen and learn from others A passion for work Talent management program for grooming future leaders Rule #2: Build the Right Team Dedication and expertise of talented employees to meet our customers’ needs provide platform for growth and long term success
ProSystem fx Scan v4.0 demo tax.cchgroup.com/flashdemo/test/scan_autoflow/main.htm
Poll VodCasts Directory/Network Blog’s recent articles • BUSINESS MODELS • Advertising • Job advertising • EXTENSION OPPORTUNITIES • Allow for comments on blog and news articles • Extend directory with opportunity for listed lawyers to blog • Not only mention relevant sources in the Juridica section, but aggregate content they generate • Optimize for Search Engine ranking Blog featuring contributions from several thought leaders RSS For Legal Professionals – An Example: Our Dutch Portal
For Finance and Tax Professionals – Belgium’s Finance World and… http://communities.kluwer.be/financeworld
Strong Subscription Model Dominates – Even with New Products
Production • Content Creation Distribution Traditional Business Models Have Given Way to…
A Complex Array of Competitions, Business Models, and Distribution Networks Traditional Competitors Professional and Consumer Collaboration Co-opetion with Google, Microsoft Blogs Subscription & PPV Advertising supported Traditional & Online Production
The Professional’s First Choice Provide information, tools, and solutions to help professionals make their most critical decisions effectively and improve their productivity
A Global Company Performs on the World Stage Wolters Kluwer 2.0 +