Sharp Elbows97% of companies researched say competition and consolidation are a significant risk concern, topping the list and up from 94% last year.
What gives big technology companies the jitters? Competition and consolidation, a fragile economy, and government regulation, for starters, according to a study of 100 large, publicly-traded tech firms by BDO USA. BDO examines risk factors listed in the most recent SEC 10-K filings by these businesses; the focus is on technology companies, but the concerns cited are common among most organization, especially with respect to bouncing back from the Great Recession. “Concerns over the ability to execute corporate strategy have more than tripled in the past two years as companies are under pressure to get back into the game and stay ahead of the competition,” said Aftab Jamil, partner and national director of the technology and life sciences practice at BDO. “Still, executives are approaching growth initiatives with a ‘lessons learned’ attitude and honing in on the supply chain to safeguard against operational pitfalls that could lead to business interruptions or delays.” For more about the study, click here.
Dennis McCafferty is a freelance writer for Baseline Magazine.
Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.