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Annual Report > Overview > Chief Executive's statement

Chief Executive's statement

Ben Verwayaayen   BT has been capturing the imaginations of customers, shareholders, analysts, suppliers and employees around the world. We’ve done this by embracing change. By demonstrating not only that we can thrive on it, but that we can help our customers thrive on it as well. We’ve done it by proving that when it comes to modern communications, the possibilities really are endless. And we’ve done it by being a company that is driven by its customers, shifting power and choice to them.
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KEEPING BT AHEAD OF THE GAME
BT is barely recognisable as the company it was five years ago.
     Five years ago, we were primarily a UK lines and calls business; today we are offering communications possibilities that no one had even thought of back then to customers in 170 countries.
     Possibilities that really do enable them to lead fuller lives and run more profitable, innovative businesses.
     In a very short time, we’ve gone from a narrowband, fixed-line communications business, to a broadband company harnessing the power of modern networks to help our customers communicate anywhere, any time, using whatever devices they happen to choose.
     We’ve brought levels of choice and control to our customers at home, at work, or out and about, that would once have seemed impossible.

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Helping some of the
world’s largest companies
and organisations serve
their customers around
the world
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Who would have thought five years ago that BT would be offering next-generation digital TV over broadband? Our BT Vision service enables customers to watch what they want when they want – without having to pay a monthly subscription.
     Who would have thought that our customers would have been benefiting from intelligent, seamless fixed/mobile communications – like BT Fusion – at home, at work or in between – chatting, swapping data, surfing the internet, doing business?
     Who would have thought that we would be helping some of the world’s largest companies and organisations do business and serve their customers around the world? Who would have thought that geography would be history and time irrelevant?
     But the thing about transformation, however radical and however successful, is that there is no end point. No moment at which you can sit back and think ‘job done’.
     Even when we hit five million broadband connections in 2005 – more than a year ahead of schedule – there was no time to take it easy. Today, that number is around 11 million and climbing.
     Our broadband success sums up the type of company BT is becoming. A company that goes the extra mile, that rallies behind its goals, that finds ways of meeting its customers’ needs – locally, nationally, internationally and globally.

FROM OUR TIME TO YOUR TIME
Nothing is more important than offering a great customer experience first time, every time. It differentiates BT from the competition; it is what the BT brand stands for.
     Excellent customer service can only be delivered in ‘customer time’ – the time that customers want. Quite rightly, customers have no interest in, or patience with, ‘our time’ – the time it takes our systems to make it happen.
     Meeting customers’ needs in customer time is vital to proving that we understand them, share their priorities and enthusiasms, and really do put them first.
     This type of ‘real-time’ customer experience is best delivered by software. In the future, BT’s services will increasingly be based on software – designed, delivered and updated remotely by computers over broadband networks. These services will be faster, more innovative, reliable and simpler to use – often delivered by the push of a button.
     These software-driven, networked IT services will be delivered over our global twenty-first century broadband network.
     We have set ourselves the target of becoming number one for customer service within two years. To ensure that we continue to think and act in customer time, two measures will apply throughout the company and keep everyone focused. First, we will measure how successfully we get things ‘right first time’. Second, we will measure the improvements we make in the ‘cycle time’ – the time between the start and end of any customer experience.

OPEN ORGANISATION, OPEN MINDS
It is vital that BT is an ‘open business’ with an open mind.
     We are open to new ideas and new ways of doing things. We are working with suppliers, industry partners and others with a single, compelling objective – to get the best possible services to our customers around the world as quickly as possible.
     Customers don’t care about whether any given service was designed by W, manufactured by X, delivered by Y and billed for by Z. They care about what it can do for them – whether it makes life easier or a business more profitable.

CITIZENS OF A GLOBAL VILLAGE
All our customers – private individuals, families and large corporations – are increasingly thinking and behaving like global citizens. They want the world on their PC, laptop, or hand held device. And they want to be able to organise themselves and do business, build markets and win customers as and where it suits them.

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A truly global software-
driven services company

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And meeting their global needs means ensuring that we really do understand them, that we really can get inside their heads.
     For consumer customers, global communication means being able to keep in touch and access information whether they are in York or New York, Mumbai or Rome.
     For modern organisations, global communication means the opportunity to take advantage of the best resources and talents wherever they are located.
     We aim to become a truly global software-driven services company, with a great global brand, helping our customers get the best from globalisation.
     It’s a fantastic opportunity and one that BT is seizing with both hands.
     In recent years, we’ve acquired a reputation for winning and delivering complex, large-scale networked IT services contracts.
     Our extensive global network enables us to serve customers in all the world’s key commercial centres – either directly or through partnership arrangements.
     Major contracts in the 2007 financial year included a deal with Dutch electronics giant, Philips, to provide data, voice, conferencing and mobile services in Europe, the Middle East and Africa, and a deal with PepsiCo to manage a portfolio of advanced services covering more than 900 locations in over 60 countries.
     Our services are helping organisations meet the needs of their own customers wherever they may be.

THE RIGHT PEOPLE FOR THE RIGHT JOB
Strategies and plans cannot, of themselves, deliver the kind of transformation that BT is experiencing and that we are going to have to accelerate in the future. Only people can do that.
     That’s why it’s so important that our workforce is just as much a global community as our customers.
     Our customers are a cross section of society – they encompass a huge range of nationalities, as well as social, cultural, political and personal orientations. In order to reflect that diversity, we are recruiting the brightest and the best from around the world.
     BT people have already shown what they are capable of; and there’s a lot more where that came from.
     The job of every person who works for BT is what it always was: to ensure that everything they do every day is done for all our customers around the world. Only now, they have to do it quicker than ever before, in more innovative ways than ever before and more seamlessly than ever before.
     I have no doubt whatever that they will do just that.



Ben Verwaayen
Chief Executive
16 May 2007

 

 


 

 
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