Alongside the global report we have written a UK country report.
Alongside the global report we have written a UK country report. More details about the UK-focused paper can be found on a dedicated web page, and you can download the report here.
The Key Findings of the UK country report are as follows:
Growing the business is regarded by senior executives in the UK as the single most important area for big decisions in the year ahead. However, an ongoing commitment to cost discipline explains why collaborating with competitors is the most common big decision on the UK corporate agenda.
The quality of big decision making is improving, more so in the UK than the global average. Highly data-driven companies are more likely to report improvements in big decision making.
Own experience and intuition are the main inputs into the big decision making process for British business leaders, followed by advice and experience of others internally. Data and analysis are only the third most important input.
Concerns about data quality and overload are the main barriers to the greater use of data. In addition, more than half of UK respondents (61%) feel that "relying on data analysis has been detrimental to our business in the past".
More people are involved in big decision making at UK organisations than before. The rise in the availability of data has encouraged a kind of evidence-driven, and more democratic, approach to big decisions.
More details on the UK country report can be found here.
Industries Covered