CEOs Weigh In on Future of the Tech Sector

thumbnail CEOs Weigh In on Future of the Tech Sector

CEOs Weigh in on Future of the Tech Sector High Hopes 35% of technology-sector CEOs believe the economy will improve this year, compared with 21% who felt this way at this time last year. Growth Projections 90% are optimistic about their companies’ revenue growth in the next year, and 91% are confident about revenue growth […]

Mar 21, 2014
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CEOs Weigh in on Future of the Tech Sector

High HopesHigh Hopes

35% of technology-sector CEOs believe the economy will improve this year, compared with 21% who felt this way at this time last year.

Growth ProjectionsGrowth Projections

90% are optimistic about their companies’ revenue growth in the next year, and 91% are confident about revenue growth in the next three years.

Economic UncertaintiesEconomic Uncertainties

76% are concerned about the potential risk of softness in developed markets, and 69% are concerned about the risk of a slowdown in high-growth markets.

Personnel Expansion PlansPersonnel Expansion Plans

62% intend to increase their hiring.

Human FactorHuman Factor

68% perceive the lack of availability of key skills as a major threat to business growth while 62% say that rising labor costs in high-expansion markets present a major threat.

Change AgentsChange Agents

90% say tech advancements will be a primary business transformer in the next five years, and 66% say shifts in global economic power will have great influence.

Agenda ItemsAgenda Items

92% are focusing on improving customer growth/retention strategies; the same percentage is planning to improve their talent recruitment/retention/development strategies.

Budget-MindedBudget-Minded

58% plan to implement cost reductions, compared with 71% who did so last year.

Teaming UpTeaming Up

48% anticipate entering into a new strategic alliance or joint venture, compared with 32% last year.

The American WayThe American Way

31% plan to carry out a merger and acquisition, joint venture or strategic alliance within the next 12 months within North America, compared with 39% who did so last year.

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