Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

PwC: Crisis handling could become normal

Feb 22
 
Tags: PwC
Share this story:
PwC: Crisis handling could become normal

Management consultants could see crisis handling become an increasingly prominent part of their work with businesses over the coming years, research by PricewaterhouseCoopers (PwC) has suggested.

The firm released a report showing that companies are being hit by crises "more often than might be expected" and many chief executive officers (CEOs) expect the situation to get worse in the future.

Around two-thirds (65 percent) of CEOs taking part in a survey had experienced at least one crisis in the last three years and more than half had been through two or more. Nearly one in six (15 percent) had suffered five or more crises in that time.

Global economic uncertainty was cited as the biggest threat to business performance, while a heavier regulatory burden, exchange rate volatility and geopolitical instability are also common concerns for executives.

Other findings showed that the vast majority of CEOs (91 percent) take charge themselves when their business is hit by a crisis.

Two-thirds (65 percent) were most concerned about their ability to gather information quickly and accurately during times of adversity, while 57 percent felt vulnerable because of an out-of-date business continuity plan.

Melanie Butler, UK partner and global crisis centre leader at PwC, said it's not uncommon for major business challenges to be neither isolated nor fleeting.

"Some crises are anticipated, some unlikely and some are simply impossible to foresee," she continued.

"Our findings suggest that crisis management is very much on the CEO agenda because they are already dealing with crises - and believe they will continue to deal with them on a regular basis. It's clear that for the foreseeable future the only certainty is uncertainty, with continued geopolitical turmoil, sluggish global growth and fluctuating currencies."

Search Mindbench.com for the latest management consultancy jobs and consulting recruitment opportunities or contact us on +44(0)207 089 9017.

Image: Rawpixel Ltd/iStock

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£34,320
Milton Keynes
We are working with the procurement arm of an international bank. Their consultancy services aim to perform a comprehensive optimisation of the procurement function - they combine vast practical
£45k-£55k plus bonus, benefi...
Central London and South East
Report to Director of UK Office at high growth, global management consultancy firm with opportunity for significant immediate impact Our client are a global boutique consultancy who are a leader in
£80k-£90k base plus bonus, b...
Central London
Report to Director of UK Office at high growth, global management consultancy firm with opportunity for significant immediate impact. Our client are a global boutique consultancy who are a leader in
£80k-£100k plus bonus, benef...
Central London
Principal Analyst – Commodities Our client is one of Europe’s leading providers of independent research derived from the analysis of satellite imagery, delivering these differentiated insights as
Up to £85K + bonus, benefits
London
My client operates globally across a variety of sectors in innovation and transformation consulting. Unconstrained by conventional thinking, this firm has built a successful name amongst clients and