PH CEOs believe reinvention is crucial for a viable business

CONFIDENCE is fragile among Philippines-based chief executive officers (CEOs), as megatrends, including technological disruption and climate transition, converge. More than half of Philippines-based CEOs (54 percent) note that their businesses will not be viable beyond the next decade without reinvention.

Nearly all or 97 percent of these Philippines-based CEOs note they have taken steps to change how they create, deliver and capture value in the past 5 years. Over that timeframe, 86 percent have taken at least one action that had a large or very large impact on their company's business model.