Smart budget trade-offs, savvy talent strategies and optimal digital investments will all be key to success this year as organizations focus on: Driving margin improvement Generating cash Increasing productivity of people and assets Capitalizing on new growth opportunities with fewer resources. “Business resilience and growth demand that you invest in differentiators that will drive success over the long term,” says Alex Bant, Chief of Research for the Gartner finance practice. “If you don’t invest effectively in digital in 2023, you’ll increase your technical debt and let competitors out-innovate you on digital products and services and scoop up the talent you need.” See Playbooks: Recession Advice for Executives and their Teams Higher interest rates, talent scarcity, lagging digital transformation lead 2023 challenges Whether the global economy heads into recession or not, organizations must still navigate the impact of trends like inflation, scarce talent and global supply constraints that emerged in 2022. Certain conditions have changed, however, so building resilience means tackling three variables that threaten to weigh down growth and profits in 2023: 1. Higher interest rates: Reduced demand and economic slowdowns threaten organizational growth. Higher funding costs reduce ROI. Funding is harder to get and justify as investors prioritize […]