Based on their optimism, 88% of Greek executives anticipate growth rates between 6% and 15% in the coming year.
Greek executives may face different challenges to growth than their global peers but their strategic priorities are the same
As optimistic as Greek executives are, they are mindful of the potential risks that may lie ahead. A higher percentage (38%) see slowing economic activity as the greatest external risk to the growth of their business than their global peers (33%).
Within their own organization, Greek executives deviate from their global peers in identifying significant challenges to their own company’s growth. Where global executives cite increasing production costs as their chief concern, Greek executives are more focused on attracting talent, slowing demand and access to capital.
However, Greek and global executives are on the same page when it comes to strategic growth priorities. Greek executives are slightly more interested in developing more products and services than their global peers but are in lockstep in terms of expanding existing business domestically and in adjacent sectors.
M&A appetite remains healthy
As a key tool in their growth arsenal, 54% of Greek executives expect to pursue M&A in the next 12 months. In the last two years, more than half of Greek executives anticipate their companies to actively pursue M&A in the upcoming year. Based on the most recent M&A survey results, they see continued room for growth, with 85% indicating that they see the local M&A market improving in the months ahead.
Almost three-quarters (73%) of Greek executives expect to look abroad for their dealmaking, with the UK, Greece, the US, Germany and the United Arab Emirates appearing to be their preferred destinations.
Buying an asset is one thing, but the process of realizing its value can turn an opportunity into a risk. Post-M&A, Greek executives are particularly attuned to the risks integration of operations and people can pose, with 30% citing it as their biggest challenge.