How does your 2017 outlook stack up against your peers? 2017 Future Forecast results
28 December 2016 -
Twitchy about Trump. Fearful about the UK economy. Positive about their own organisations’ prospects. UK managers look ahead to 2017
The majority of UK managers are pessimistic about the UK’s economic prospects for 2017, yet remain resolutely positive about their own business, according to the annual Future Forecast from CMI.
The key findings
Despite the negative sentiment around the economy, managers see opportunity when in their businesses. More than half (57%) remain positive about their organisation’s own prospects, while just a quarter (25%) feel pessimistic – a figure that’s remained steady since last year. Managers became 6% more confident (54%) in senior executives’ ability to lead their own organisation, too.
Ann Francke, CEO at the Chartered Management Institute, said: “Although it’s clear that there are significant challenges posed by the UK’s decision to Brexit, as a country we need to move forward and harness pragmatic positivity. UK business will play a vital role in making this a success.”
Managers overwhelmingly believe that investing in skills is essential to address our post-referendum prospects:
Ann Francke: “In 2017 we have an opportunity to stand together and tackle longstanding issues like the productivity gap, currently 21% lower than other G7 countries.
“We’ll do this by investing in apprenticeships and management skills to create home-grown talent that can become future world-leading management and leadership for UK plc. In this climate of heightened political uncertainty and economic turbulence, the time is now to position Britain as a global leader in responsible capitalism, targeting essential issues like workplace ethics, inclusivity and executive pay to restore trust and transparency and improve productivity. There are uncertain times ahead, but I agree with many of those surveyed that there are opportunities for forward-thinking UK businesses.”
The global outlook
Managers are uncertain on the likely impact of the Trump presidency on the UK’s economic prospects:
Download CMI Future Forecast at www.managers.org.uk/futureforecast or get involved on Twitter @cmi_managers #FutureForecast
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