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Getting Growth: Business Growth Trends Across the Globe
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Transcript of Getting Growth: Business Growth Trends Across the Globe
Getting Growth:
Business Growth
Trends Across the
Globe
Research commissioned by Epicor Software and
conducted by Morar Consulting
Surveyed 2,450 business decision makers and employees in
businesses across 12 countries
The study surveyed
businesses in the
manufacturing,
distribution, retail and
lumber sectors
The research paints a
picture of the
distribution of high
growth companies
around the world,
revealing trends about
the strategies they use
to get set for growth in
today’s dynamic
business environment
The research questioned businesses about their growth in six specific areas to unveil the state of business growth globally
Sales/turnover growth
Product range growthProfit growth
Exports/overseas growth
Headcount/workforce growth
Geographic coverage growth
64% of businesses across the globe managed to
grow their profits in the last year, leaving one-in-
three businesses struggling
80% of businesses report profit growth in
India—but in Singapore just 34% of
businesses grew profits
Around 65% of businesses in
the US have experienced
growth in their sales/turnover in
the last 12 months
That’s compared to almost
three-quarters (71%) of US
businesses that experienced
profit growth
While 65% of businesses in Germany experienced
growth in their sales/turnover in the last 12 months,
only 58% managed to grow their profits
Around three quarters of Chinese and Indian firms (74% and
73% respectively) and 63% of Mexican firms cited IT
investment as important, compared to a global figure of 54%
39% Say Growth is ‘Challenging’How would you describe the nature of any growth you have experienced and its impact on
your business over the past year?
40% Say ‘Planning and Strategy’ is Key
Growth InfluencerWhich of the following do you think has played the most important role in promoting a
positive influence on your business growth during the past 12 months?
47% Say ‘Better Technology’ is Key to
GrowthWhat factors, if any, do you think could do the most to help overcome these
stresses/challenges?
88% of those Businesses that Grew the Most
Plan to Invest in New TechnologyHow much investment of time/money is your business making in improving each of the
following areas at present? (mean score out of 10, where 10/10 = very high)*
69% Plan to Invest Significantly in New
Systems and ProcessesHow much investment of time/money is your business making in improving each of the
following areas at present? (mean score out of 10, where 10/10 = very high)
52% Expect to See Growth Impact From IT
Investments Within 12 MonthsWithin what timescale do you think this technology investment will have a positive impact on
your on the growth of your business?
Business IT systems are becoming increasingly more intuitive, mobile and
accessible
Particularly for manufacturers, investing in enterprise resource planning
(ERP) systems integrate core business processes, automate repetitive
tasks, and help provide visibility to act on growth
For more information
about the study,
visit here.
Get Set for Growth