Reuters in 2004: Fast Forward and Beyond|Business Strategy|Case Study|Case Studies

Reuters in 2004: Fast Forward and Beyond

            
 
Case Studies | Case Study in Business, Management, Operations, Strategy, Case Study

ICMR HOME | Case Studies Collection

Case Details:

Case Code : BSTA051
Case Length : 14 Pages
Period : 1851 - 2004
Organization : Reuters
Pub Date : 2004
Teaching Note :Not Available
Countries : Global
Industry : Financial Information Services

To download Reuters in 2004: Fast Forward and Beyond case study (Case Code: BSTA051) click on the button below, and select the case from the list of available cases:

Business Ethics Case Studies | Case Study in Management, Operations, Strategies, Business Ethics, Case Studies


OR


Buy With PayPal

Amount to be paid:



Prefer to pay in another currency ?
Select Currency for Payment



Exchange Rates: Click Here
Delivery Details: Click Here

Price:

For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 + Rs. 25 for Shipping & Handling Charges

» Business Strategy Case Studies
» Case Studies Collection
» Business Strategy Short Case Studies
» View Detailed Pricing Info
» How To Order This Case
» Business Case Studies
» Area Specific Case Studies
» Industry Wise Case Studies
» Company Wise Case Studies

Custom Search


Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.



Chat with us

Strategic Management Formulation, Implementation, & Control, 12e

Please leave your feedback

Leave Your Feedback

ICMR India ICMR India ICMR India ICMR India RSS Feed

<< Previous

Fast Forward is gaining momentum, and I personally am focused on creating a fast, accountable, service-oriented team at Reuters.

- Tom Glocer, Chief Executive, Reuter Group1

Introduction

In early 2004, Thomas Glocer (Glocer), CEO of the financial information giant Reuters, was reflecting on the progress made under the company's ambitious restructuring program Fast Forward, launched in February 2003. Reuters had been in serious trouble, with a loss of $740 million in 20022. 1200 jobs had been cut during the period 2001 and 2002. As a result of the Fast Forward plan, the number of employees was expected to fall from 15,900 to around 13,000 by the end of 20063. The job losses were bigger in places such as London and other financial centers. 1,000 technical jobs were moving to Bangalore, and 800 software positions to Bangkok.

Business Strategy | Case Study in Management, Operations, Strategies, Business Strategy, Case Studies

Glocer believed that by 2006, Reuters' costs would be $1.6 billion lower than in 2000. Reuters expected to incur restructuring charges of about $629 million between 2003 and 2005.

Until 1997, Reuters had been the undisputed leader in its market. With 40% of the world market4 it dwarfed Bloomberg, its upstart American competitor. But since then, Bloomberg had doubled its market share at the expense of Reuters (See Exhibit V)...

Excerpts >>



1] Reuters First Quarter Revenue Statement, 16th April 2003.
2] Using a exchange rate of $1 = £ 1.85 as of 9/02/2004
3] Source: http://about.reuters.com/ar2002/report/10_finrev/05_fast.htm
4] "Is Reuters Terminally ill?"The Economist, 28th February 2003.

Custom Search





Economics for Managers Textbook
Textbooks Collection

Economics for Managers Workbook
ICMR books Collection

Case Studies in Business Strategy Volume VI

Case Studies in Business Strategy
e-Book on Business Strategy

Case Study Volumes Collection

 

Case Studies Links:- Case Studies, Short Case Studies, Simplified Case Studies.

Other Case Studies:- Multimedia Case Study, Cases in Other Languages.

Business Reports Link:- Business Reports.

Books:- Textbooks, Work Books, Case Study Volumes.