Divestments as part of portfolio optimization helps Colombian companies build resiliency
With 41% of Colombian executives citing political and regulatory uncertainty as the greatest external risks to the growth of their business, one-third say they are planning to outsource or divest either back-office functions or capabilities that are not critical to their brand. Through portfolio review and optimization, Colombian companies are looking to future-proof their businesses against any shocks — political or otherwise — that may come their way.
Broad-base reporting rises in importance
As stakeholders place increasing pressure on companies to take a more holistic view of value creation, Colombians are seeking to improve their ability to measure performance in the areas of talent and social value. While they are confident in their reporting metrics for financial and customer value and are making headway in measuring and reporting on talent, only 27% of Colombian executives currently have metrics in place to measure social value. However, 58% say they plan on adopting new metrics in this area within the next 12 months.
The best businesses are defined by more than their short-term profitability. They drive broad-based prosperity by creating value for shareholders, customers, employees and society alike. Colombian companies are moving in the right direction to demonstrate their long-term value to all stakeholders.