PwC CEO Survey: Business Model Reinvention
While economic volatility is a concern, there is a growing sense of optimism among business leaders.
By PwC
The 28th Annual Global CEO Survey – Sub-Saharan Africa perspective reveals a paradox in the region: while economic volatility is a concern, there is a growing sense of optimism among business leaders. This shift indicates transformation in how CEOs approach long-term strategies, viewing uncertainty as a catalyst for reinvention. Rather than holding on to traditional business models, leaders are embracing change and exploring new ways to drive growth and profitability.
This new way of thinking is spurred on by Business Model Reinvention, a process of fundamentally changing the way a company creates, delivers and captures value. This involves rethinking and redesigning core aspects of the business, such as its value proposition, revenue streams, customer segments and operational processes, to adapt to changing market conditions and emerging opportunities.
Businesses in sub-Saharan Africa are undergoing a transformation, driven by demographic changes, technological advancement and the rise of entrepreneurial leadership. To reduce reliance on traditional commodity exports, business leaders are embracing strategic diversification, focusing on sectors such as technology, finance and renewable energy, enhancing profitability and global competitiveness. Investment in the region is rising, with significant deals in the energy and mining sectors, driving economic growth and development.
Read the full PwC's 28th Annual Global CEO Survey: Sub-Saharan Africa perspective report