Posted on Tuesday 4 June 2019 by John Mulgrew
Around 84% of Northern Ireland bosses are exploring emerging markets in order grow their exports, according to the latest survey from KPMG.
That's significantly higher than 63% of bosses globally. And according to the firm’s latest Global CEO Outlook, Northern Ireland’s bosses are leading the way when it comes to embracing the ‘fast fail’ culture in an effort to make their companies as innovative as possible.
Of the Northern Ireland bosses surveyed, 92% said they want their employees to feel ‘empowered to innovate'.
On the issue of Brexit, around two thirds of business leaders see the UK’s exit from the EU as the greatest threat to growth.
Looking at overall growth, all of those questioned said they expect ‘top line revenue growth over the next three years’. But just 4% of company bosses said they ‘expect to increase headcount in the next three years of more than 5%’.
John Hansen, partner in charge of KPMG Northern Ireland, said: “Successful CEOs know they need their companies to be as innovative as possible and it’s clear that the right environment is being created in Northern Ireland to do just that.
“Our leaders aren’t afraid to give their teams the scope to try new ideas which may have a risk of failure and that opens up a world of potential. This level of freedom will no doubt make sure that Northern Ireland companies are at the cutting edge of innovation in the years to come.”
Angela McGowan, CBI director in Northern Ireland, said: “KPMG’s 2019 Global CEO Outlook gives local business leaders some great insights into what is on the radar for chief executives across the globe and raises some important and interesting ideas around what leaders should doing to maintain competitive advantage despite the uncertainty.”