Top 2009 Organizational Goals, Challenges & Strategies Revealed
BOSTON, MA -- (Marketwire) -- 07/01/09 -- The newly released 2009 State of the
Market: Mid Year Insights Report by Aberdeen Group, a Harte-Hanks Company
(NYSE: HHS), has been hailed as the 2009 guide to assist business leaders in
comparing goals, strategies, tactics, and investment priorities with their
peers while seeking opportunities to contextualize and embrace the findings
to improve their own business. The report reveals where business has been
over the past year, where it stands today and -- for those able to
recognize opportunity -- what the future brings.
Given the current economic conditions, it is not surprising that the top
two 2009 organizational goals are organic revenue (32%) and profitability /
margin growth (30%). It is interesting to note however that revenue has
decreased slightly in importance (from 37% to 32%) on a year-over-year
basis while profitability / margin growth remained relatively constant (30%
to 31%).
Insights from the Aberdeen Report exposed the top three challenges for
2009:
* 84% Economic Conditions * 16% Brand Management
* 51% Market Volatility * 15% Supply Chain / Sourcing Risk
* 45% Execution of Strategy * 13% Increasing Regulatory Compliance
* 19% Shortage of Labor / Talent
Similar to last year, organizations are strategically focused on increasing
the sales and capabilities footprint through channel expansion and
strategic partnerships.