CEOs have played a crucial role in overseeing the growth of the businesses they represent and the people they lead. As the pandemic rages, CEOs are going the extra mile in ensuring that most of their efforts and finances are injected into the digital sector. In a 2020 survey conducted by Gartner CEO and involving 465 businesses from 30 countries, it was established that most CEOs, including Mahmoud Khattab, were anticipating a fast and sharp recovery if the mass vaccinations were to continue. The survey also found that there were three growth shifts that influenced the growth witnessed in 2021.
CEOs will look for new markets for growth opportunities.
An estimated 60% of CEOs expect their business sales to be back to the same levels they were in 2019. Furthermore, an additional resurgence of 30% is also expected to be witnessed in early 2022. The pandemic has made business-minded shift their attention to new business ventures that can withstand or support them when unforeseen circumstances such as the ongoing pandemic strike again in the future. Therefore, there will be new markets that will offer a wide range of opportunities to business people. More to read on health.usnews.com
Digital Growth Ambitions
According to a survey conducted, digital capabilities was the only sector most CEOs found appropriate to risk their investment. Mahmoud Khattab, the CEO of Precision MD, saw high potential in technology and was likely to get a return of his capital should he opt to invest in technology.
Cost Cutting will Fall while Workforce will Climb.
The pandemic had a significant impact on the overall workforce of many companies. As a fact, most companies attributed their losses to the lack of a sufficient workforce after most employees were forced to work from home while others contracted the virus. From the research conducted, 24% of the CEOs prioritized workforce and skilled talent. However, cost management did not seem to bother most CEOs, with a paltry 17% attributing cost management to the growth of their businesses. Even though cost management was not a top agenda among the involved CEOs, it remained a priority to Mahmoud Khattab, who saw this as an opportunity to manage their business and cut unwanted expenditures.