SEARCH
Disruption leads to double-digit growth
Disruption leads to double-digit growth
Businesses that embrace disruption are more likely to experience double-digit growth over the next 12 months, according to a new survey.
The American Express CFO Future-Proofing Survey revealed that 67 per cent of the 250 chief financial officers surveyed indicated that disruption is taking place within their mid-sized business.
Companies that embrace disruption are recording strong growth, with 38 per cent focusing on recruiting new staff with new skill sets, 32 per cent are reaching new customer segments, and 26 per cent are focusing on overseas expansion within the next 12 months, the research found.
American Express Global Corporate Payments Australia & New Zealand vice president Christine Wakefield said: "Today businesses must grapple with disruption at never-before-seen levels of speed and intensity."
"Our research shows there are disruptive leaders, others that embrace disruption when it comes along, and others that fight it.
"Those companies enjoying greatest success are those that view disruption as a positive impact on their business and embrace it.
"They've accepted disruption as part and parcel of operating in today's world and look to maximise every opportunity it brings," Ms Wakefield said.
Approximately 40 per cent of chief financial officers confirm that their company is more focused on managing disruption compared to a year ago.
The survey also found that due to an increased focus on disruption, company's risk appetites have increased - 38 per cent of chief financial officers rate their risk appetite as high.
"The time is now for companies to take action to harness disruption. The old catchphrase 'who dares wins' rings true," Ms Wakefield said.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Center
- Investor Daily
- Lawyers Weekly
- Money Management
- Mortgage Business
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- Which Investment Property
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- Mortgage Business Awards
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- The Adviser Podcast Network
- Australian Aviation Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- Mortgage Business Podcast Network
- REB Podcast Network
- Relative Return
- The Smart Property Investment Show
- Space Connect Podcast
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
