Private Mid-Market Companies Can't Afford to Stand Still in 2013: Ernst & Young
Ongoing global uncertainty prompts companies to assess, evaluate growth opportunities
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/24/13 -- Canadian companies operating in the private mid-market will face a number of common obstacles on their road to growth and profitability in the year ahead.
Ernst & Young's 2013 private mid-market outlook points to a struggling global - and, more particularly, US - economy as the root cause of slowed growth and reduced demand in the construction, manufacturing, retail and wholesale industries, among others.
"Success in the face of declining demand begins by looking inward and assessing whether your company has the means, the customer base and the capital to grow," says David Fabian, partner and co-leader of Ernst & Young's Private Mid-Market practice. "If sustainable growth isn't achievable, then companies must assess whether there are opportunities to reduce costs or improve efficiency internally."
To stay competitive this year, companies should take a critical look at the following areas:
"Making the most of opportunities this year will depend on private mid-market companies' ability to objectively evaluate their market position and act accordingly - whether by expanding abroad or exiting the industry," says Fabian. "Companies can't afford to sit still."
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Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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416 943 5497
Ernst & Young
Julie Fournier
514 874 4308
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Sarah Shields
604 648 3607
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Datum: 24.01.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 222687
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