Geopolitical tensions are taking new forms with economic conditions being identified as the most significant risk factor for organizations in the next two to three years, reveals a report by Protiviti. The study found that 40% of board members and C-suite executives are concerned about the impact of economic conditions on their businesses. This shift in focus highlights the growing importance of financial stability and market fluctuations in strategic decision-making processes. With global uncertainties on the rise, businesses in India are increasingly recognizing the need to proactively manage economic risks to ensure long-term sustainability and growth. The findings underscore the critical role that financial planning and risk management play in navigating the complex and volatile business landscape. As companies strive to remain competitive and resilient in the face of economic challenges, strategic initiatives aimed at enhancing financial resilience and adaptability are becoming a top priority for corporate leaders. By actively monitoring and addressing economic risks, organizations can better position themselves to weather uncertainties and seize opportunities for growth. As India continues to navigate a rapidly changing economic environment, businesses must stay vigilant and agile in their approach to risk management to mitigate potential threats and capitalize on emerging trends.
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“Protiviti Report: 40% of Executives See Economic Conditions as Top Risk Factor in Coming Years”
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