MANY BUSINESS LEADERS ARE ASKING WHEN THE ECONOMY WILL RETURN TO SUSTAINABLE GROWTH; BUT PERHAPS THE MOST CRITICAL QUESTION TO ASK IS: HOW WILL THE BUSINESS LANDSCAPE CHANGE AS A RESULT OF THE RECESSION?
It is our view that the UK’s business landscape will change significantly. There will not be a return to business as usual. The forces driving change will continue well beyond the technical end of the recession and the consequences will be permanent and far reaching.
The recession will mark a series of transitions from the industrial structures and models of the past to the digital, networked age of the future. We are living through a dramatic period of creative destruction as a result of which many organisations will either transform or disappear.
The processes of change will be demanding and painful but the recession, seen through the rear view mirror, will be viewed as the catalyst to sustainable progress in the future.
Our purpose in preparing this study is to provide a body of knowledge and insight that can inform strategic thinking and inspire the creativity and innovation that will be required to make the transitions successfully.
Peter Hemington, Partner