Strategy discussions by companies reflect the rapidly changing business landscape and the need to stay ahead of the curve and be prepared to adapt to new challenges and opportunities. Against this backdrop, the strategic discussions were highest for banking & payments companies followed by technology industry. Meanwhile, banking & payments and technology industries witnessed 9% and 6% growth in strategy discussions in 2022 compared to the previous year, reveals the Company Filing Analytics Platform of GlobalData, a leading data and analytics company.
Discussions in the banking and payments industry were centered around capital deployment, investment and, mergers and acquisitions (M&A) for growth through innovation, and control of risk. Technology industry discussed prominently about product, market, and funding. Strategic areas of discussion by companies across other sectors included low carbon, climate changes, collaboration, omnichannel and customer focus.
Misa Singh, Business Fundamentals Analyst at GlobalData, comments: “Diverse businesses discuss strategies as a plan for their investments wherever necessary and appropriate to improve their products and add value over the long run. One of the prominent discussions was strategic investments and acquisitions that complement companies’ growth plans.”
In the banking & payments industry, Bank Alfalah launched an internal Sales Management System (SMS) as part of its innovation strategy to increase sales, monitor portfolio, and provide better customer care. Bank of China developed a green and low-carbon bonus point system, issued green and low-carbon digital credit cards, as a part of its innovation strategy for green financial products.
As an investment strategy, Monroe Capital Corporation is focused on giving well-protected and well-structured senior secured first liens loans to businesses that can defend its market position, have robust business models, competent management teams, and trustworthy sponsors and owners.
Samsung Electronics talked about its product strategy, which focuses on premium OLED devices despite the growing polarization of the smartphone industry between the low end to mid-range and high-end segments, earning record high quarterly profitability. Baidu discusses about market strategy to strengthen its position in the robotaxi space across the globe and gain sizeable market share in the ride-hailing industry, notably in China’s major cities, and work to increase profitability.
Singh concludes: “Companies across industries are focusing on how they can leverage technology to improve their operations, increase efficiency, and better engage with customers. They are closely monitoring market trends and looking for ways to stay ahead of their competition and respond to market disruptions.”
