Recession strategies boost long term propects, say CFOs

Posted by admin in Strategy & Planning, Management & Execution, Career Ladder on Fri, 21/05/2010 - 15:57
  • 58% of senior finance executives say decisions made during the downturn have improved their business's long term prospects
  • Over a third of respondents expect to increase headcount this quarter
  • 81% of UK respondents expect demand for their products or services to recover by the end of 2010

The economic downturn has led to some longer term upsides for business, with almost 60% of UK respondents agreeing that the decisions their companies made during the recession have improved their business’s long-term prospects.   The latest American Express/CFO Research Global Business & Spending Monitor Survey found that senior finance executives are optimistic about the demand for their companies' products and services, with more than eight out of 10 respondents in the UK seeing, or expecting to see a sustained increase in demand for their produc

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What are your top business challenges today?

2009-08-12 14:53 - 8364 reads
Getting through to 2H 2010
7% (5 votes)
Planning strategies for growth after the recession
14% (10 votes)
Keeping down costs
31% (22 votes)
Raising capital and credit
6% (4 votes)
Maintaining a healthy cashflow
42% (30 votes)
Total votes: 71

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The Bottom Line:If Mr Cable has his way...

"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more

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