• About
  • Privacy & Policy
  • Contact
Sunday, May 29, 2022
  • Login
MYTECHMAG-A Leading Technology Magazine
OGAD Top Banner
Cyber Defense Top Banner
Qube Events NPF Top Banner
CCUS Top Banner
Energy Storage Top Banner
LNG Top Banner
Digital Transformation Conference Top Banner
Exhivits The Virtual Exhibition Top Banner
Project Finance & Project Financial Modelling Top Banner
Labware Top Banner
Renewable Energy Power Purchase Agreements Top Banner
Data Driven Oil & Gas 2022 Top Banner
Payments Summit Europe Top Banner
  • Home
  • Technology
    • Supply Chain
    • Enterprise Security
    • Cloud Technology
    • RegTech
    • HPC
    • Collaboration
    • IOT
    • Compliance
    • Artificial Intelligence
    • Field Service
    • CRM
    • Project Management
    • Fintech
    • Risk Management
    • Cyber Security
    • Enterprise Architecture
    • EAM
    • ECM
    • Block Chain
    • Data Analytics
    • Robotics
    • Disaster Recovery
    • Marketing
  • Industry
    • Retail
    • Healthcare
    • Construction
    • Pharma
    • Education
    • Textile
    • Aerospace and Defense
    • Banking
    • Smart City
    • Oil and Gas
    • Telecom
    • Travel & Hospitality
    • Agri Tech
    • Media & Entertainment
    • Logistics
    • Manufacturing
    • Legal
    • Government
    • Real Estate
    • Automotive
    • Food and Beverage
    • Biotech
    • HR
    • Insurance
    • Energy and Utilities
    • Contact Center
    • Capital Market
    • Chemical
    • Sports
  • Solution Providers
    • Aerospace and Defense
    • Agri Tech
    • Artificial Intelligence
    • Automotive
    • Banking
    • Capital Market
    • Cloud Technology
    • Collaboration
    • Construction
    • Contact Center
    • CRM
    • Cyber Security
    • Data Analytics
    • Disaster Recovery
    • EAM
    • ECM
    • Energy and Utilities
    • Enterprise Architecture
    • Enterprise Security
    • Fintech
    • Government
    • Healthcare
    • Insurance
    • IOT
    • Legal
    • Logistics
    • Manufacturing
    • Marketing
    • Oil and Gas
    • Pharma
    • Retail
    • Risk Management
    • Smart City
    • Supply Chain
    • Top CEOs
  • Magazines EditionsMost Clicked
  • News
  • Featured Articles
  • Top CEOs
  • Events
No Result
View All Result
  • Home
  • Technology
    • Supply Chain
    • Enterprise Security
    • Cloud Technology
    • RegTech
    • HPC
    • Collaboration
    • IOT
    • Compliance
    • Artificial Intelligence
    • Field Service
    • CRM
    • Project Management
    • Fintech
    • Risk Management
    • Cyber Security
    • Enterprise Architecture
    • EAM
    • ECM
    • Block Chain
    • Data Analytics
    • Robotics
    • Disaster Recovery
    • Marketing
  • Industry
    • Retail
    • Healthcare
    • Construction
    • Pharma
    • Education
    • Textile
    • Aerospace and Defense
    • Banking
    • Smart City
    • Oil and Gas
    • Telecom
    • Travel & Hospitality
    • Agri Tech
    • Media & Entertainment
    • Logistics
    • Manufacturing
    • Legal
    • Government
    • Real Estate
    • Automotive
    • Food and Beverage
    • Biotech
    • HR
    • Insurance
    • Energy and Utilities
    • Contact Center
    • Capital Market
    • Chemical
    • Sports
  • Solution Providers
    • Aerospace and Defense
    • Agri Tech
    • Artificial Intelligence
    • Automotive
    • Banking
    • Capital Market
    • Cloud Technology
    • Collaboration
    • Construction
    • Contact Center
    • CRM
    • Cyber Security
    • Data Analytics
    • Disaster Recovery
    • EAM
    • ECM
    • Energy and Utilities
    • Enterprise Architecture
    • Enterprise Security
    • Fintech
    • Government
    • Healthcare
    • Insurance
    • IOT
    • Legal
    • Logistics
    • Manufacturing
    • Marketing
    • Oil and Gas
    • Pharma
    • Retail
    • Risk Management
    • Smart City
    • Supply Chain
    • Top CEOs
  • Magazines EditionsMost Clicked
  • News
  • Featured Articles
  • Top CEOs
  • Events
MYTECHMAG-A Leading Technology Magazine
No Result
View All Result
MYTECHMAG-A Leading Technology Magazine
No Result
View All Result
Home CEOs

How Business Leaders are shifting their Priorities after the COVID-19 Pandemic

John Duff by John Duff
May 27, 2021
in CEOs
How Business Leaders are shifting their Priorities after the COVID-19 Pandemic
21
SHARES
84
VIEWS

2020 was a tough year for business heads. They were forced to face and tackle unprecedented challenges, such as – dislocation of supply chains, changes in customer behavior, how their employees worked and ensuring smooth operations even during turbulent times. They had to repurpose supply chains and operations to provide needed supplies and services and take several crucial decisions in the best interest of their business and employees. Despite the COVID-19 bred challenges still being there, the CEOs are pretty much positive about the future. They are increasing investment in digital initiatives and placing their growth bets on new segments. Let’s examine how the CEOs are planning their way ahead and how their priorities have shifted post-COVID-19 pandemic.

Mass-vaccination drive

Global GDP has fallen by 4.2%, and uncertainty is looming over businesses since the start of the pandemic, but CEOs are betting that mass vaccination programs will thwart the virus in many regions before 2021 ends. This will cause a major economic boom. So several business leaders are already making their moves to take advantage of this fast and sharp recovery.

CEOs explore new markets for growth opportunities

This year, Gartner surveyed 465 business leaders from more than 30 countries to examine the business attitudes and priorities of utmost importance for business leaders. The survey revealed that despite the severe disruption caused by the pandemic, the leaders are still focused on growth. In fact, they look for new avenues for growth. 60% of the leaders surveyed hope to bring their business back to pre-covid times by the end of 2021, while the others expect resurgence by 2022. Just 10% of the leaders are pessimistic about the whole situation and expect no recovery.

Focus on small segments

While the CEOs are looking to new markets for growth opportunities, they are unwilling to take large geographic leaps. Their focus is more on small segments. The leaders in Asia, Europe, and North America see their own regions as the goldmine of growth opportunities.

Changed priorities

The CEOs have started emphasizing new areas. For example, the workforce is among their top three priorities now, which indicates that CEOs are mindful of the toll that the crisis took on workers and how their skills and human resources can be utilized to meet their business goals.

One of the areas which have moved down the priority ladder is cost management. The reason why it is no more a priority for the leaders is a 17% year-over-year drop in the share of CEOs who considered it as a priority, from 14% to 11%. Cost management isn’t entirely off the priority list, but it is no more a top priority.

Renewed focus on increasing digital growth

In the Gartner survey, the maximum number of business leaders expressed their commitment to increasing digital capabilities. Other areas that have garnered strong support include people, culture, product enhancements, and IT. The deepest plunges in investment intent were seen in capital equipment and property facilities. Other areas experiencing a plunge in interest levels are – legal, risk management, and compliance.

Wrap Up

COVID-19 pandemic has brought to light an entirely new set of questions for business leaders, the focus has shifted to balancing the needs of employees and communities, digital growth, and identifying innovative solutions are some of the top priorities of businesses during this unprecedented economic and humanitarian crisis.

Tags: Business LeadersCEOsCOVID-19 PandemicDigital GrowthGrowth OpportunitiesMass-vaccination Drive
Share1Tweet5Share8
Previous Post

Retail Tech Edition May 2021

Next Post

Enterprise Software for Retailers, Wholesalers and Brand Manufacturers

John Duff

John Duff

Related Posts

Stephen Kosslyn
CEOs

Stephen Kosslyn Net Worth, Biography, Age, Career, Salary & More 

May 24, 2022
Vladimir Tenev
CEOs

Vladimir Tenev Net Worth, Biography, Age, Career, Salary & More

May 24, 2022
Sudhakar Ramakrishna
CEOs

Sudhakar Ramakrishna Net Worth, Biography, Age, Career, Salary & More

May 19, 2022
Next Post
Jesta I.S. Logo

Enterprise Software for Retailers, Wholesalers and Brand Manufacturers

OGAD Side Banner
Data Driven Oil & Gas 2022 Side Banner
Digital Transformation Conference Side Banner
Renewable Energy Power Purchase Agreements Side Banner
LNG Side Banner
Exhivits The Virtual Exhibition Side Banner
Payments Summit Europe Side Banner
Project Finance & Project Financial Modelling Side Banner
CCUS Side Banner
Cyber Defense Side Banner
Qube Events NPF Side Banner
Energy Storage Side Banner
Tweets by MyTechMag
Digital Transformation Conference Side Banner
MYTECHMAG

Transforming news into insights, not only do we serve as a source of information but as the breeding ground for innovative ideas and exchange of breathtaking strategizes that can make a difference in your technological understanding.

Follow Us

  • Home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Sitemap
  • News
  • Subscribe
  • Contact Us
  • RSS
  • Write For Us

Recent Posts

What is the Impact of Aerospace and Defense on the US Economy?

What is the Impact of Aerospace and Defense on the US Economy?

May 25, 2022
Stephen Kosslyn

Stephen Kosslyn Net Worth, Biography, Age, Career, Salary & More 

May 24, 2022
  • About
  • Privacy & Policy
  • Contact

© Copyright © 2022 MYTECHMAG. All Right Reserved.

No Result
View All Result
  • Home
  • Technology
  • Industry
  • Solution Providers
  • Magazines Editions
  • News
  • Featured Articles
  • Top CEOs
  • Events

© Copyright © 2022 MYTECHMAG. All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In