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Highlights
- Senior Leaders recognize that continued growth and profitability will likely come from new collaborators (even competitors), new digital offerings, and new industries and ecosystems
- Senior Leaders predict innovation and a customer & employee centricity need to drive their culture more than shareholder value
- In an increasingly digital business environment, Senior Leaders predict many areas of the organization will be subject to cyberattacks
- Most Senior Leaders predict that optimization will be more important than innovation for organizational growth and profitability between now and 2025
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How European and UK Senior Leaders Are Balancing Innovation and Optimization
Although Senior Leaders are predicting new digital offerings, new digital competitors,
and new ecosystems will impact their organizations in the next five years, our study findings show most Senior Leaders in Europe and the UK are focused on business-as-usual in how they’re actually addressing the future.
In this report, you’ll uncover unique insights about how large enterprise Senior Leaders in France, Germany, Netherlands and the United Kingdom are building their strategy around innovation and optimization in four key arenas.
A break-up of how global senior leaders in North America, Latin America, Europe, and the Asia-Pacific are building their strategy around innovation and optimization.
An infographic that presents how senior leaders in Europe and the UK compare against their counterparts in other regions on how they balance innovation with optimization. A study by TCS found that 33.3% of leaders in Europe and the UK are focused on business-as-usual in addressing the future. This percentage stands at 33.4% for the US, 12.4% for Latin America, and 20.9% for Asia-Pacific.
Specifically, we asked them:
“How do you plan to balance innovation with optimization from now through the mid-2020s?”
Various parameters on which Europe- and UK-based firms are choosing innovation and optimization.
An infographic that showcases the parameters on which firms in Europe and the UK were assessed for a study on the innovation and optimization spectrums. Where, what, and how to compete and how to lead are the areas on which firms were quizzed. Innovation focused on new sectors, regions, and business models; new products and services; new business processes to create demand and supply; and new approaches to managing talent and creating a new culture. Optimization focused on exiting sectors, regions, and business models; improving existing products and services; improving existing ways of creating demand and supply; and improving existing talent management approaches and current culture.
Read individual Europe and UK country reports here:
Belief in action
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Perspectives
What’s ahead for UK retailers in 2023?
Blog
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16 Mar 2023
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2/4
Perspectives
The Backbone of Remote Working – Distributed Agile Teams
Blog
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09 Dec 2022
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3/4
Perspectives
Customer service and continuous improvement processes benefits | TCS
Blog
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06 Jul 2022
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4/4
Perspectives
Krishnan Ramanujam
Digital Transformation Business Model for Smarter, Faster and Lighter Enterprise | TCS
Blog
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06 Jul 2022
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