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May 22, 2009

CEOs play down value of technology and outsourcing

Study shows change of appeal, operating focus

By CBR Staff Writer

There has been no change over the past two years in the number of companies moving operations offshore, but one-third of CEOs now believe outsourcing offers less economic value than five years ago. 

In a poll of around 300 CEOs taking part in an NYSE Euronext census, CEOs have also downgraded the importance of new technology.

Most acknowledge their companies have gained some benefits from the downturn, with contract renegotiations and acquiring new employee talent among the most commonly mentioned positives.

There will be continuing focus on reducing expenses and debt through a variety of means in order to strengthen their company’s balance sheet. 

Operational efficiency and management stand out as the internal factors expected to have more impact on profitability. 

Some 284 CEOs participated in the The Road to Recovery study, representing 23 industries and 24 countries.

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