Technology failure and lack of innovation have joined talent recruitment among the top 10 risks ranked by business leaders, as scored by Aon’s global risk management survey.
However, business leaders across the globe identified economic risk as the greatest threat they face today, with the threat of sustained economic trouble weighing heavily on the nearly 1,000 business professionals across 58 countries.
At the same time, technology failure/system failure earned its first top 10 spot, ranking ninth on the list, and failure to innovate/meet customer needs also made the top 10 for the first time, coming in at number six.
Aon Analytics global head, Constantin Beier, comments: “Throughout the economic recession, many organisations pulled in their oars – tabling research and development projects, decreasing spend on information technology and freezing hiring.”
He adds: “Today, business leaders are realizing this strategy won’t work in the long term.”
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