Outsourcing of Key Business Functions - External Issues of Concern
The latest edition of the Marcum-Hofstra University CEO Survey provides new insights into the business environment, outlook, and trends among middle-market CEOs.
A significant takeaway from the survey indicates a rising tendency toward outsourcing critical business functions. The survey reveals that 29.1% of CEOs reported increased outsourcing activities compared to their historical approaches. Cybersecurity emerged as the most outsourced function, with 17.9% of companies primarily relying on external expertise to secure their data and information systems. Conversely, human resources remained the least outsourced function, with only 4.8% of CEOs opting for external services.
Question 1
To what extent does your company perform the following functions in-house vs. outsourcing them to outside firms?
To what extent does your company perform the following functions in-house vs. outsourcing them to outside firms?
Question 2
Generally, have you been outsourcing various corporate functions more or less than you have in the past?
Generally, have you been outsourcing various corporate functions more or less than you have in the past?
Question 3
In general, what are the primary reasons for outsourcing various corporate functions?
In general, what are the primary reasons for outsourcing various corporate functions?
Question 4
Which external issues do you envision having the most impact on your business in the year ahead? Please rank your top three influences.
Which external issues do you envision having the most impact on your business in the year ahead? Please rank your top three influences.
Question 5
What is your view of the current business environment?
What is your view of the current business environment?
Question 6
What are the most important influences for your business planning in the next 12 months?
What are the most important influences for your business planning in the next 12 months?