Risk continues to dominate the business agenda. However, competition is becoming just as dominant.
Market volatility, pricing pressures, variations in market performance and demanding stakeholders have all contributed to the global economy that encourages competitive drive. And with that drive comes opportunity. For that reason, this year’s business risk report looks at both the top 10 business risks and the top 10 business opportunities.
As in previous years, we have taken a "bottom-up" approach to our work, gathering opinions from leading industry-based and academic commentators, across seven global sector groups.
In addition, for the first time, this year, we conducted a second wave of research. This comprised a large-sample survey of companies and governments in 15 countries. We used this to:
- Rank the risks and opportunities
- Obtain forecasts on whether these challenges would be more or less important in 2013
- Discover how leading organizations in each of seven sectors are responding to these challenges
We interviewed a panel of more than 75 sector commentators to identify the strategic challenges facing organizations in seven sectors both today and in 2013.
We then surveyed more than 700 leading organizations in 15 countries to discover how companies and governments perceive and are addressing the risks and opportunities that were identified — or in some cases, are struggling to address these challenges.
The top 10 risks
- Regulation and compliance
- Cost cutting
- Managing talent
- Pricing pressure
- Emerging technologies
- Market risks
- Expansion of government's role
- Slow recovery/double-dip recession
- Social acceptance risk/CSR
- Access to credit
The top 10 opportunities
- Improving execution of strategy across business functions
- Investing in process, tools and training to achieve greater productivity
- Investing in IT
- Innovating in products, services and operations
- Emerging market demand growth
- Investing in cleantech
- Excellence in investor relations
- New marketing channels
- Mergers and acquisitions
- Public-private partnership