DUBAI / July 2nd, 2006: Ernst & Young has been recognized as a Most Admired Knowledge Enterprise (MAKE) for the ninth year in a row, and was ranked first in the 'Creating an Environment for Collaborative Knowledge-Sharing' and 'Developing Knowledge Workers Through Senior Management Leadership' categories of the 2006 MAKE awards. The MAKE survey, conducted by Teleos in association with the KNOW network, was completed by an expert panel comprising senior executives at Fortune Global 500 companies, chief knowledge officers and leading knowledge-management practitioners.

John Harley, Ernst & Young's Global Vice Chair, Global Accounts, Industries, and Business Development, commented: "I am delighted that we have been recognized, for the ninth year in a row, as one of the global organizations most focused on Knowledge. Knowledge has always been a key enabler for our business and its importance is being further enhanced as we strengthen our focus on our accounts and the principal industry sectors in which they operate. We will continue to invest in Knowledge and develop the skills and talents of our professionals in a manner that creates an environment for collaborative knowledge sharing, and delivering relevant knowledge solutions pertinent to our clients."

Started in 1998, the annual MAKE study is now the leading benchmark for the world's best knowledge-based organizations. Each year, the survey identifies organizations that stand above the crowd in the knowledge economy. Ernst & Young is one of the few organizations to have been recognized every year since 1998 and, in 2000, it was inducted into the MAKE Hall of Fame. Top MAKE award winners, in addition to Ernst & Young, include Cisco Systems, General Electric, Hewlett-Packard, IBM, McKinsey & Company and Siemens.

The MAKE panel rates organizations against a framework of 'key knowledge performance dimensions which are the visible drivers of competitive advantage and intellectual capital growth'. Rory Chase, managing director of Teleos, which administers the MAKE program, said, "The Global MAKE winners are effectively transforming enterprise knowledge into wealth-creating ideas, products and solutions. They are building portfolios of intellectual capital and intangible assets which will enable them to out-perform their competitors in the future."

Ernst & Young continuously strives to leverage the intellectual capital of its professionals to maintain its industry-leading position as an innovative driver of the knowledge economy. "Having the best knowledge available enables Ernst & Young professionals to be successful. By sharing knowledge, new hires rapidly develop their skills and our seasoned professionals continually grow individual and organizational skills to better serve our clients. The availability of knowledge resources and tools to facilitate sharing means that we can work on teams and projects with our colleagues around the globe," said Edward Quinlan, Ernst & Young's UAE Country Partner.

In 1993, the firm established the Ernst & Young Center for Business Knowledge (CBK) to make knowledge management a reality and to bolster its capacity to create and share intellectual capital on a global scale. The CBK consists of an unparalleled worldwide network of content, people and knowledge programs that allow the firm's professionals to access the latest information on companies, industry trends, benchmarking studies and leading practices.

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MAKE RESEARCH PROGRAM
Teleos, an independent knowledge management and intellectual capital research company, administers the Most Admired Knowledge Enterprises (MAKE) program. The KNOW Network - http://www.knowledgebusiness.com - is a Web-based global community of organizations dedicated to networking, benchmarking and sharing best knowledge practices leading to superior business performance. The MAKE research program consists of the annual Global MAKE study - the international benchmark for best practice knowledge organizations. In addition, MAKE studies are conducted to identify leading knowledge-driven organizations at the regional/national level, such as in Asia, Europe, India, Indonesia, Japan and North America. The 2006 MAKE Reports - Global, Asia, Europe, India, Japan and North America - are available from Teleos either individually or as a set. Each report contains MAKE rankings, key findings, best knowledge practices, leaders by business sectors, trends, and profiles of winners. 

ABOUT Ernst & Young MIDDLE EAST (WWW.EY.COM/ME)
The Middle East practice of Ernst & Young is an independent professional services firm, which has operated in the region since 1923 and is a full member of Ernst & Young Global.  Over the past 80 years, the firm has evolved to meet the legal and commercial developments in the region.  Ernst & Young Middle East currently has over 2,200 staff working from 18 offices in 12 Arab regions.

The following outline the various professional services provided to clients in the Middle East, and are in addition to the more traditional and core services of audit, accounting assistance and taxation advisory services;

Assurance & Advisory Business Services

  • Business Advisory Solutions

  • Business Community Training

  • Business Risk (Internal Audit) Services

  • Business Transformation Advisory Services

  • Corporate Affairs Advisory Services

  • Hospitality and Leisure Consultancy

  • Information Technology Advisory Services

  • Islamic Financial Services

  • Lead Advisory Service

  • Technology Security and Risk Services

  • Transaction Support Services

ABOUT Ernst & Young GLOBAL (WWW.EY.COM)
Ernst & Young, a global leader in professional services, is committed to restoring the public's trust in professional services firms and in the quality of financial reporting. Its 107,000 people in 140 countries pursue the highest levels of integrity, quality, and professionalism in providing a range of sophisticated services centered on our core competencies of auditing, accounting, tax, and transactions.  Further information about Ernst & Young and its approach to a variety of business issues can be found at www.ey.com/perspectives.  Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity.  Ernst & Young Global Limited does not provide services to clients.

© Press Release 2006