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print ]The shape of business has changed forever
Date: 20.08.2010
Company: ?
Planning for growth, a new study by Ernst & Young, highlights the changes that business perceive as permanent to the global enterprise landscape following the economic downturn. Only 68% of respondents expect economic improvement by 2011, and for 71%, the expectations for 2012 are not much higher. In addition, almost half of all respondents believed that business would not return to usual. The shift in power to new economic giants like China and India, as well as additional regulation, increased taxes and the potential return of inflation, are seen as major factors which will make businesses less profitable.
Magdalena Soucek, Country Managing Partner at Ernst & Young in the Czech Republic said: “Attitudes to finance and to corporate leadership are changed for a generation by the shock of the past three years. What we now need is a more balanced, less risky pathway to growth - one in which the short-term returns may be lower, but the long-term rewards for management success will be a lot more sustainable. Future market leaders will be companies which are both entrepreneurial and flexible. Dominant players in 2012 will be those with the ability to make and execute decisions quickly.”
planningforgrowth_en.doc (DOC 101 kB)
planningforgrowth_cz.doc (DOC 112 kB)
