EY Global CEO on Entrepreneurs Competition, Split

The transcript covers a discussion about the World Entrepreneur of the Year competition in Monaco, highlighting the role of AI in driving enthusiasm and innovation among entrepreneurs. It also delves into the challenges faced by Instant Young in executing Project Everest, a strategic initiative to split its auditing and consulting businesses due to conflicts. Despite abandoning the project, the company is experiencing significant growth and remains focused on its clients and partners.

What is the main focus of the World Entrepreneur of the Year competition held in Monaco?

• To showcase technological advancements

• To discuss global economic policies

• To select a world leader in entrepreneurship

• To promote tourism in Monaco

Which sector is NOT mentioned as a focus of the entrepreneurs in the competition?

• AI

• Cancer care

• Automobile manufacturing

• Sustainability

What was the purpose of Project Everest initiated by Instant Young?

• To acquire a competitor

• To launch a new product line

• To split auditing and consulting businesses

• To expand into new markets

Why was Project Everest abandoned by Instant Young?

• Regulatory issues

• Lack of financial resources

• Disagreement among global partners

• Negative market feedback

What is the current focus of Instant Young after abandoning Project Everest?

• Expanding into new regions

• Focusing on clients and employees

• Exploring new business ventures

• Reducing operational costs