IT sector ginger about embracing globalisation brunt

IT executives are less likely to take advantage of the business strategy opportunities created by globalisation than their c-suite peers according to business process firm EquaTerra.

IT executives are less likely to take advantage of the business strategy opportunities created by globalisation than their c-suite peers according to business process firm EquaTerra.

Its findings indicate a reserved approach to globalisation from top IT executives from around the world, despite the sector continuing to benefit from substantial investment caused by its effects.

The EquaTerra Globalisation Study, conducted by the Economist Intelligence Unit on behalf of EquaTerra and World 50, a knowledge-sharing community for C-level executives, assessed in detail the perceptions of global competition and the challenges of expanding global footprint, according to over 200 leading executives and senior managers from the Americas, Western Europe and the Asia Pacific.

The study revealed that while close to 90 per cent of study participants viewed globalisation as an inevitable but positive business challenge, IT-related respondents were 14 per cent less likely to indicate that their organisations favoured globalisation - and 17 per cent less likely to see it having an overall positive effect on their company.

IT-related study participants were also more focused on cost reduction overall; more focused on globalisation as a means to reduce costs and more focused on investing further in IT to respond to the impact of globalisation. This is opposed to expanding into new markets, making business processes more efficient, or locating and recruiting local, qualified talent.

The disruption of IT operations, a perceived ̵6;loss of control̵7; through the impact of global sourcing, a decline in traditional IT career models, and fears over future leadership, were also cited as key concerns.

Further information: www.equaterra.com

Image: 90 per cent of study participants viewed globalisation as an inevitable but positive business challenge - but IT-related respondents were 14 per cent less likely to indicate that their organisations favoured globalisation.

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