UK TMT: Staying Smart in a Downturn

Sponsored By CFO Europe Research Services

Topics:

Budgeting & Planning > Strategy

Technology > Networks / Telecommunications

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Abstract:

There is a surprising amount of optimism in the Technology, Media and Telecoms (TMT) sector, in spite of the challenges of doing business during the downturn. TMT companies are trying to protect themselves against inevitable threats - falling customer demand, increasing competition and shrinking credit availability. In doing so, they aren’t fixating on short-term reactive measures, such as selling assets, outsourcing, or cutting back on R&D spending, and they have also turned away from their former inclination for M&A. Their focus now is on innovation, tapping into new markets and strategic partnering. Indeed, the majority of respondents are confident of meeting their longer term growth targets.

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