In a recent McKinsey Global Survey of Business Executives, IT and business executives agree that technological innovation, emerging economies, and offshore manufacturing are the three most important global business trends. But tech executives are more bullish about what innovation will contribute to their company’s profitability. Since they expect growth to come primarily through the improvement of current products, they emphasize new-product development less than business executives do.
A majority of the respondents in both groups cite the availability and cost of talent as major issues.
By working more closely together, tech and business executives can better manage the challenges their companies face in the global economy.
This article’s exhibits highlight technology executives’ opinions on important trends influencing the global economy, with a particular focus on growth and its constraints.
Source: The McKinsey Quarterly (The full text of this article is available for free simply by registering)