General Opinion About Business Expectations

General Opinion About Business Expectations

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The survey sought the opinion about the business expectations

of top management across global organizations on the basis of

three main aspects. These are explained below.

Organization Growth

Hiring Strategies

Outlook Towards Economic Recession

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Organization Growth : A large section of the top management

in business organizations from around the world had an

optimistic view of their organization growth. This turned out to

be a major changeover from the results of last year’s survey and

the participants opted to take the global market trends into

consideration. Of the professionals surveyed, 28% predicted a

revenue growth of less than 8% in the current financial year

while 24% predicted the same for 2016.



Organization Growth : 18% of professionals predicted

a revenue growth ranging between 8%-14% for 2015

while 25% of them predicted the same for 2016.

However, only 17% predicted a revenue growth

greater than 15 % for 2015 while only 18% of the top

managers predicted the same growth rate for 2016.

When it came to expected decline in revenue only 1%

of the participants supported the idea for2016 as

against 6% for 2015.



Hiring Strategies : A large percentage of top ranked

professionals did not express much hope about the intention

of organizations to add to their workforce in a significant

manner. In fact, this is the third year in a row that results for

this aspect of business expectations factor have shown a

downward trend.



Hiring Strategies : Of all the people surveyed, a major

chunk of 61% declined any intentions of new hiring while

only 39% expressed the hope that would do so. This

further highlighted the fact that the ongoing economic

pressures and technological advances have emphasized

the need for effective talent management through

enhanced per capita productivity, skill development and

training and greater employee involvement.



Outlook Towards Economic Recession : The survey brought to

fore the drastic change in the attitude of top management

professionals with regard to the local and global market

conditions. While 32% of the participants, which is 2% more

than last year, felt that the global recessions is over, nearly

22%, one percent less than last year, and felt that it is still not

over. At the same time 46% participants, 1% less than

previous year felt unsure about the global recession.



Outlook Towards Economic Recession : As for the local

recession, only 25% of participants, which is almost half of the

48% from last year’s result, believed it to be over. Not

surprisingly, the number of participants who said that it is not

over almost doubled from last year’s 25% to 45% now. Even the

number of participants who were unsure rose from 25% to 30%.

Unlike the previous years, when these professionals were more

focused on the performance of the local economies, this year

they shifted their focus on global marketplaces.


General Opinion About Business Expectations

Business

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