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Companies 'must plan properly for changing business environments'
Companies in the UK are having to take action in order to ensure they can cope with a rapidly changing business environment.
A report from the Boston Consulting Group has observed that firms across the world are needing to reorganise more frequently, drastically and quickly then ever before in the current business climate.
As such, issues such as strategic planning, clear designation of responsibilities, discipline in execution and strong leadership are all becoming more important.
It was also noted that companies are far more likely to succeed when reorganising from a position of strength than they would be when making changes under duress.
Christopher Kinsella, acting chief executive of the Chartered Management Institute (CMI), one of the report's partner organisations, said: "Those companies who harness the talent of highly capable leaders and managers at all levels are the ones who are most likely to thrive in today's turbulent times."
Earlier this month, a separate report from the CMI warned against cutting back on management training and development during the recession, as this will ultimately be counterproductive.
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