As we come out of recession managers find their companies have been cut to the bone, optimized to (near death) and focussed on the core business alone. At the same time their people and management chain has become myopic with innovation and expansion a distant memory, but they need to move on quickly to address growing demand and new opportunities. The options they face are organic growth, M&A, acquisitions, repurpose people, or buy start up companies - not an easy choice!
At the same time technology, working practices, customer demands and expectation has moved on, and so have the number of ‘out of sector’ threats including security, big data, BYOD, The Cloud, modeling and asset management and assurance. All of these demand tools, techniques and skill sets they are unlikely to find in house. And so, the big questions are: what to keep; what outsource; what to insource; and what to invest in ? For sure; doing nothing is not an option!
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