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Companies are overwhelmingly concerned about economic conditions in 2010. They're worried about acquisition, product launches, and employee retention.
A new survey shows tech companies have a lot weighing on their minds. What's the mood like at your company? Sound off in our comments section.
eWeek reports:
Tech companies have anxiety this year; some might call it agita.
There are always risks in business. Yet, when 75 percent of the largest technology companies are not sure they will fulfill their corporate strategy this year, it’s easy to understand 2010 as a bumpy and tenuous year for IT budgets, jobs, the economy and company confidence. There is a whole lot more “wait and see” attitude than surefire positive reinforcement.
As one IT research executive, Frank Scavo of Computer Economics, recently told eWEEK, “It seems the mood has shifted from cautious optimism to hopeful pessimism.”
According to a May 13 report from professional services company BDO Seidman that aggregates and analyzes risk factors from the 10-K filings of the 100 largest U.S. technology companies, 83 percent are worried about retaining their best employees.
But topping the concerns is a two-way tie between competition and consolidation (94 percent) and “failure to develop or market new products/services” (94 percent). Right behind these two are economic conditions (93 percent), regulations and taxes (88 percent) and management of mergers, acquisitions and divestitures (86 percent).
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