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Companies should evaluate ‘change readiness’ of countries
Companies should evaluate ‘change readiness’ of countries

Companies should evaluate ‘change readiness’ of countries

FMCG SUPPLIER NEWS - May 8th 2012, 09:06

Events such as last year’s Japan earthquake and Arab Spring (pictured) should act as a wakeup call to companies to evaluate the “change readiness” of countries in which they operate, business consultants have advised. 

To aid this process KPMG International and the Overseas Development Institute (ODI) have released the results of their new Change Readiness Index which provides insight into which countries are better prepared to cope with change and take advantage of the resulting opportunities. The index captures government capability and the capability of a country as a whole - including the private sector and civil society - to manage and respond effectively to change.

“You only need to look at the impact of recent food, fuel, and financial crises on countries around the world to see the importance of achieving a greater understanding of a country’s change readiness,” said Timothy A. A. Stiles, KPMG’s global head of International Development Assistance Services.

He explained that the index captures the underlying factors that are likely to determine a country’s capability for managing change, which in turn may be an important factor in supporting sustained growth in the long term. The report combines data from a number of existing indicators with new measures that have been identified to capture specific elements of change readiness that are not currently being captured, including risk management capabilities, efforts to promote economic diversification, strong governance, and social safety nets.

“Understanding a country’s capacity to handle new and unexpected developments is critical to advancing effective policy,” said ODI director Dr Alison Evans. “ 

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