User:Lesley Salgado/sandbox

“Deloitte” is the name in which many licensed and qualified independent firms work under to provide services like risk and financial, consulting, risk and financial counseling, and other associated services. These independent firms are all part of Deloitte Touche Tohmatsu Limited, otherwise known as DTTL. DTTL is a private company in which is based in United Kingdom. Deloitte Services LP has offered their service for over 150 years and has expanded to about 245,000 people in 150 countries.

Deloitte & Touche LLP and Deloitte Research, a part of Deloitte Services LP in 2005 conducted a research and analyzed the decline in the major declines the shareholders experienced in the market value. The Corporate Executive Board and James Lam & Associates research also did research on the same however they did use different organizations and time frame. Deloitte Research approached Thomson Financial Global 100 Companies from 1994 to 2003 to complete the research. Their discovery was astonishing as they noticed, compared to the Morgan Stanley Financial World Index, the stock price decrease just after one month. The main conclusion to this research was that most of the companies that had large losses had more than one type of risk. Out of the 100 largest declines the most affected group was strategic risk management with an astonishing 66 companies involved. The second largest decline involved 62 companies claim business decline due to external events. The third decline involved operational risk with 61 companies claiming operational risk. The last high percentage of risk would include 37 companies claiming financial risk. Most companies overall lacked intelligence to offer quick responses to developing problems. Overall most companies failed to plan for high impact risks and meet customer needs, business and economic trends, and technology trends.