Intelligent CXO Issue 17 - Page 10

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85 % of UK workers want to start their own business

UK workers want to start their own business , become their own boss and believe a ‘ side hustle ’ is the first step , according to a new study by Oracle

NetSuite and The Founding Network . The study of more than 2,000 UK workers and business founders revealed that UK workers are ready to go out on their own , while UK business founders are shifting priorities and learning new skills . Crucially , both current and future founders recognise the critical role technology will play in their success .
“ It ’ s inspiring that the culture of entrepreneurism that the UK is famed for is alive and well ,” said Nicky Tozer , EMEA Senior Vice President at Oracle NetSuite . “ Many workers are taking definitive steps towards starting a new venture , but as current business founders report , the economic climate at the moment is challenging .
" The results of our study clearly show that most UK business leaders using cloud technology said they are better placed to adapt , be more productive and efficient , and carve out new opportunities . We also found that the next generation of UK business founders understands the critical role technology will play in their success .”

Report reveals gap to going green

Recent research by Oxford Economics and

SAP SE has uncovered significant barriers to corporate sustainability initiatives .
The problems include a lack of communication and engagement by executives , ineffective use of data , siloed technologies that don ’ t share processes or information and a lack of cross-company and industry collaboration and partnership .
Yet while the value of sustainability initiatives is not being realised broadly , the study also shows that the business case for them is well understood . Executives expressed eagerness for their organisations to become more sustainable , citing efficiency ( 58 %), improving brand reputation ( 46 %) and meeting customer needs ( 44 %) as top business benefits for sustainability efforts . Overall , 63 % of the executives surveyed indicated that their company has a formal sustainability plan already in place .
“ Executives recognise that sustainability efforts can lead to better profitability , attract both customers and employees and drive a
positive impact across their supply chains ,” said Vivek Bapat , Senior Vice President , Purpose and Sustainability , SAP . “ But achieving these goals requires a high degree of communication and engagement . At SAP , we ’ re trying to understand how we can support these companies in realising results from their sustainability goals and to defining best practices across industries .” x
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