THE BIG­GEST CHANGE

NZ Business - - STRATEGY -

When PWC asked CEOs what’s the big­gest change they’ve seen over the last 20 years, the an­swer was one word: tech­nol­ogy.

“Forty one per­cent of our CEOs felt their in­dus­try has been com­pletely re­shaped by tech­nol­ogy in the last five years alone and 38 per­cent think their in­dus­try will be com­pletely re­shaped again in the next five years. None of our CEOs thought their in­dus­try would emerge from the next five years un­changed by tech­nol­ogy.”

New Zealand’s CEOs are also aware that this change won’t be slow­ing any time soon. When PWC asked how wor­ried CEOs were about the speed of tech­no­log­i­cal change, 44 per­cent said they were ex­tremely con­cerned, while 41 per­cent were some­what wor­ried. “That’s a marked dif­fer­ence with the UK, USA and Aus­tralia, where lead­ers were much less con­cerned about this pace of change. Only in China were the num­bers sim­i­lar to those we recorded in New Zealand.”

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