RSM experts, in collaboration with BiTS Business and Information Technology School, have drawn up a second research report on the balanced competition of economic entities in Europe and the world, as well as their capacity to adapt and prevent economic quakes. The RSM Business Resilience Survey was conducted in July and August 2015, with 410 RSM auditors and consultants and almost 300 entrepreneurs of Europe and the world, participating.
Similarly to last year, the purpose of the research was to provide a broader view of operating a business, not only focusing on the level, the speed of the economic growth or the legislative environment of a given country. The RSM experts assessed the reality of given countries, in terms of market strategies carried out by businesses, the managers' mentality, business culture and key macroeconomic factors.
The main conclusions drawn from the analysis of international results of the survey are as follows:
- in terms of business culture, Norway remains the prevalent country, exceeding Holland, Great Britain and Australia. Norway is also a country with the highest marks in terms of investments in employee training and education, as well as working hours flexibility;
- Great Britain and Holland constitute the most entrepreneurial economies. Spain has been placed right beneath them. According to the expert opinion, Spain could reach the highest GDP growth, the tempo of which should significantly increase in 2016;
- in comparison with either stable or stabilized economies - the Report enumerates Belgium, France and Portugal - e.g. Brazil and Norway seem to be exhibiting a more dynamic situation. The Brazilian economy is going into a recession, but it has a high chance to rebuild itself in 2016, whilst Norway fears further plummets of oil prices, simultaneously hoping for a modest growth in the GDP;
- the business leaders in Great Britain seem to be even more proactive and reveal a friendlier attitude than the remaining business persons analyzed - they seem to initiate actions, they introduce new products and services to the market more frequently.
What conclusions can we draw from the Report? What factors have been considered key for building relations with clients, customers and the surrounding? These and many other questions will be answered in the RSM Business Resilience Survey. We wish you a pleasant reading!
The detailed analysis of the domestic market, as well as the assessment on the domestic entrepreneurs' position if compared with others in Europe and worldwide, will be released soon.