Economist Intelligence Unit: New complexity research


HOT OFF THE PRESS!

The complexity bandwagon just keeps rolling along. Hard on the heels of a report on Complexity from KPMG here are the latest findings – see Executive Summary below.

If you find the video and summary interesting but, perhaps, “woolly” or a bit light on practical, quantitative, solutions we will be delighted to help.

At Ontonix we offer a clear, concise, definition and rigorously tested scientific solutions to this important topic that others appear content to approach from a qualitative angle. It certainly gives the impression of being more about marketing based upon COMPLEXITY, quite rightly, being identified as a major issue for modern business in an inter-connected global society.

Alternatively, if this is your preferred version of complexity or you are content to read about it rather than take decisive action, I will provide you with a full copy of this report along with those of KPMG, IBM, McKinsey and AT Kearney. Just drop me an email:david@ontonix.com Hopefully I can be more of a help than that!

Executive Summary

How severely is increasing complexity affecting businesses? The Economist Intelligence Unit conducted a global survey of 300 senior executives to ascertain the level of this challenge, as well as the causes and impact of it. This report also looks at what firms are doing to tackle the complexity.

The main findings from the research are as follows.

Doing business has become more complex since the global financial crisis. An overwhelming majority of survey respondents (86%) think that business has become more complex in the past three years. While 28% say doing business has become “substantially” more complex in this period, 58% say complexity has “somewhat” increased. Among sectors, complexity seems to be of greatest concern in technology and telecommunications, with 41% of respondents from this sector flagging it as a clear and present challenge.

Firms are finding it increasingly hard to cope with the rise in complexity. Just over a quarter of respondents (26%) describe their firm as “complex and chaotic” but just one in five say they would have described their firms this Read more of this post