IBISWorld

A digital transformation can redefine your organization's future, but only with the right preparation and execution! 🧭 Effective communication is key to guiding businesses through this complex process. Without a clear path, the journey can become a series of missteps and confusion. It’s vital that everyone understands the route being taken and the ultimate destination. So, how can communication drive a successful transformation? 🤝 🧭 Articulate: Ensure that everyone understands the purpose and goals of the transformation. 📋 Define: Clearly outline what is included in the project to avoid scope creep and to ensure focus on critical areas. 🎯 Align: Ensure all stakeholders are aligned on expected results and the overall business strategy. 💰 Clarify: Communicate the financial aspects, including budget and anticipated return on investment, to gain support. 🔄 Coordinate: Collaborate with operational teams to understand and plan for the transformation's impact on daily business activities. 💭 Read more from our Chief Digital Officer Carmen McKinney on why communication is critical to successful digital transformations: https://bit.ly/3y90JZN #DigitalTransformation #Strategic Planning #MarketResearch #BusinessIntelligence #IndustryInsights #IndustryReports #Data

🚨 Economic losses from natural disasters globally have risen 66.35% from 2013-2022, and insured losses have risen 188.46% 📊 The economic impact of natural disasters has led to a substantial rise in insurance claims and payouts. Insurers are grappling with financial instability, higher premiums and the need to reassess their policy coverage strategies 🔎 How can insurers address these challenges? 🤔 🔍 Invest in advanced predictive analytics to better assess risk and forecast future claims. 🌐 Expand reinsurance coverage to mitigate financial risks associated with large-scale disasters. 💼 Develop more flexible policy options that can adjust to the changing risk environment. 🛠 Enhance customer education on disaster preparedness and risk mitigation strategies. 👉 Want to dive deeper into how insurers can adapt? Read more here: https://bit.ly/3uV16FV #Insurance #NaturalDisasters #RiskManagement #MarketResearch #BusinessIntelligence #IndustryInsights #IndustryReports #Data

⚠️ Prepare your organization for the unexpected. Explore how stress testing can help safeguard against financial vulnerabilities.  ⬇ Stress testing is a crucial risk management method used to assess the impact of adverse scenarios on a company, portfolio, or financial system. By stress-testing financial models and portfolios, risk managers can identify vulnerabilities, quantify losses, and assess risk strategies. 🔎 What strategies should finance professionals keep in mind when stress testing? 🎯 Carefully choose risk scenarios to test, such as economic downturns, market crashes, geopolitical events, and regulatory changes. 📊 Incorporate realistic, dynamic assumptions about market behavior, liquidity, and counterparty risks, avoiding static or simplistic ones. ✅ Conduct sensitivity analyses to understand how changes in key variables (e.g., interest rates, exchange rates) affect the portfolio. 👉 Take a broader look at risk management frameworks with our guide: https://bit.ly/3WXMjG0 #Risk #RiskManagement #Finance #StressTest #ESG #MarketResearch #BusinessIntelligence #IndustryInsights #IndustryReports #Data

Is your business ready to drive corporate decarbonization and achieve net zero targets? With only 18% of major companies on track, it's time to act! 🌱 Decarbonization is key to corporate sustainability, driving the demand for CSOs and CDOs as companies integrate ESG factors to meet rising stakeholder pressures 📈 Find out how to leverage effective decarbonization strategies for your business: 👉 Understand the critical role of decarbonization in achieving sustainability goals and mitigating environmental risks. 👉 Discover real-world examples from organizations like Rio Tinto and NYC Health + Hospitals who are tackling decarbonization. 👉 Explore how solid decarbonization strategies can enhance risk management, build stakeholder trust and drive sustainable growth. 🤔 Ready to lead the transition to a low-carbon economy? Read more here: https://bit.ly/4fGtb6n #Decarbonization #Sustainability #ESG #NetZero #CorporateStrategy #MarketResearch #BusinessIntelligence #IndustryInsights #IndustryReports #Data

🌅 Chart future growth with McKinsey’s Three Horizons model and learn how to adapt its principles for your consulting practice. ⬇ McKinsey & Company’s Three Horizons model is a strategic planning framework that helps organizations balance current performance with future growth. The model is divided into 3 key timeframes for companies: 1️⃣: Focus on optimizing and extending current operations. 2️⃣: Invest in emerging opportunities and innovations. 3️⃣: Explore and develop breakthrough ideas for future growth. With revenue growth and innovation as a top priority, how can consultants incorporate these principles into their advisory practice? 🔃 Optimize current operations by focusing on enhancing the customer experience and implementing feedback loops. 🎯 Help companies invest in emerging opportunities by creating robust strategies around new product launches or market entries. 🦾 Encourage scouting for disruptive technologies by dedicating resources to long-term research and development projects. 👉 Solidify your foundation with essential strategic planning skills: https://bit.ly/4f03YTW #ThreeHorizons #StrategicPlanning #Innovation #MarketResearch #BusinessIntelligence #IndustryInsights #IndustryReports #Data

🔋 In 2023, the clean energy sector caused lithium demand to grow by 30%, reflecting critical minerals' growing importance despite recent price drops 📉 In response, countries are implementing various incentives and restrictions, reshaping the mining landscape 🌍 Miners now face the dual challenge of capitalizing on these opportunities amid increased government intervention, resource nationalization, and stricter taxes and royalties. What are some strategies for miners to stay ahead in these changing times? ⚖️ Apply for government grants and subsidies aimed at promoting sustainable mining practices to access additional funding sources. 📊 Implement advanced risk management systems to predict and mitigate risks from regulatory changes and market fluctuations. 🏭 Invest in downstream processing and value-added services to diversify revenue streams, mitigating impacts of stricter taxes and royalties. Explore how critical minerals present new opportunities in the transition to a low-carbon economy here: https://bit.ly/3VMPW0h #Mining #CriticalMinerals #GovernmentRegulations #TransitionRisk #TransitionOpportunity #CleanEnergy #MarketResearch #BusinessIntelligence #IndustryInsights #IndustryReports #Data

🎯 Are your customers at the core of your strategic planning? Recenter your strategy with customer centricity. ⬇️ From catchy slogan to strategic imperative, customer centricity has evolved into a fundamental pillar of modern business strategy as a key driver of loyalty and revenue growth. This shift has not been without its challenges, however, as companies still struggle to integrate genuine customer insights, focusing too much on internal processes or short-term gains. Our latest article by IBISWorld’s Director of Customer Experience, Diana Jennings, explores how to meaningfully plan around your customers, covering: 🔍 The increasingly important role of customer centricity in modern business. 🧱How to rebuild your business strategy by incorporating customer insights. 🚀 The key link between industry research and customer-centric strategic planning. 👉 Click here to read more: https://bit.ly/3WRHZHL #Strategy #StrategicPlanning #CustomerCentricity #CustomerCentric #MarketResearch #BusinessIntelligence #IndustryInsights #IndustryReports #Data

⭐ Discover how Endurium used industry research to build stronger client relationships! ⭐ Learn how founding partner Eric Gerdes and the team successfully launched a new Small Business consulting division by partnering with IBISWorld. 🚀 👉 Check out the full story: https://bit.ly/3yAYDC7

Understanding your industry's competitive landscape is crucial for strategic planning 🧩 Strategic planning can transform businesses by proactively addressing challenges and leveraging industry research to provide actionable insights. Porter’s 5 Forces framework helps businesses ensure a comprehensive approach to strategic planning 📊 How can you effectively implement Porter’s 5 Forces analysis? 🔍 Evaluate Competitors and Barriers to Exit: Assess competition intensity and exit barriers to anticipate challenges and opportunities. 🏗️ Analyze Market Entry Ease: Evaluate capital requirements and brand loyalty to protect market share from new entrants. 🔗 Determine Supplier Influence: Gauge supplier numbers and product uniqueness to mitigate supply chain risks. 🛒 Consider Buyer Power: Understand customer choices and switching costs to position your brand and value propositions. 🔄 Identify Threats of Substitutes: Spot potential substitutes early to innovate and diversify offerings. 👉 Discover how to leverage industry information for a comprehensive Porter’s 5 Forces analysis by hearing more from our COO Jordan Ho: https://bit.ly/4f03YTW #StrategicPlanning #Strategy #Porters5Forces #MarketResearch #BusinessIntelligence #IndustryInsights #IndustryReports #Data