Business Conditions Survey Findings10 November 2016
The results of Management by Design’s Business Conditions Survey for 2016 are out, and record a positive outlook by the majority of respondents.
Management by Design identifies the following key findings as a result of their recent survey:
- 90% of respondents expect an increase in business in the next 12 months!
- Many respondents believe that their key business priority is improving operational performance — businesses are striving to maintain high profit margins in an increasingly tight labour market and uncertain economic circumstances.
- Refining business operations and improving leadership capability will be the key drivers of improving business performance.
- Salaries are still expected to increase in 2017 with 60% of businesses expecting an upward trend (although this is down on last year).
The report put the findings in context by providing an overview of the major issues facing Australian businesses – identified as boosting productivity, delivering infrastructure and digital disruption – and observes that Australia has now experienced 100 quarters of economic growth, pointing out that this “is the second longest continuous period of continuous growth of any advanced economy in the world.”