Last week IBM announced midmarket findings from the IBM Global CEO Study, the largest study of chief executives ever conducted. The study, titled “The Enterprise of the Future,” which focuses on five core traits that define an enterprise of the future, shows that midsize companies face significant challenges with change and report a sizable gap between their need for change and their past success in managing it. So what are the challenges that midmarket companies told IBM about?
The chief finding: midsize companies face significant challenges with change and report a sizable gap between their need for change and their past success in managing it. The study shows that midsize companies are optimistic about opportunities for growth, especially in developing economies, and are rapidly innovating their business models to become more competitive. More than eight out of ten – or 86 percent – of midsize businesses anticipate substantial change, yet just over half – or 57 percent – have had prior success in managing that change. This means midsize businesses must keep pace with the rate of change & adjust their business models to remain competitive. The good news, midsize companies are some of the most innovative and agile organizations in the market today.
To read the complete report, click here.[Read More]