American Express surveyed Hong Kong mid-sized companies for the second consecutive year in the CFO Future-Proofing Survey to understand how they planned to future-proof their businesses towards using peer-based insights.
Accompanying the release of the survey is the whitepaper titled “Roadmap to 2020 – Making the Most of Hong Kong’s Advantages”.
The survey found that 74% of the companies said they do not have a specific game plan to future-proof their companies.
Based on the findings, there is also a marked difference in future-proofing preparations between larger mid-sized and smaller mid-sized companies. It is observed that smaller businesses do not yet have a roadmap and see themselves as innately agile with higher risk appetite.
Larger mid-sized businesses are advanced in future-proofing plans with nearly half of the surveyed CFOs with plans already implemented – but they see themselves as less agile in response to the volatile market.