Technology executives see a strong appetite for their products and services. They plan to take advantage of their favorable liquidity and cash positions by continuing to invest in emerging technologies and new business models such as cloud, mobility, digital products and M&A to drive revenue growth. As technology companies make these investments, they will need to consider risks in some of these key areas:
- New sources of revenue growth (third-party relationships, international operations, and mergers, acquisitions and integration)
- Managing costs (outsourcing, off-shoring and shared services, supply chain management)
- Information Technology management (information security and privacy, system implementation and upgrades, business continuity and IT disaster recovery, and cloud, social and mobile services)
- Risk management and regulatory compliance (Foreign Corrupt Practices Act and Anti-Bribery and Corruption, trade and customs compliance, intellectual property protection, transfer pricing, taxes, talent management, retention and succession planning)