Research carried out by the National Business Awards to examine UK business growth shows that three quarters of businesses within the Sales, Media & Marketing industries are more confident about the growth of their business this year than last year.
Overall, the picture for the UK business landscape looks good with 75% of businesses saying they have seen growth in the last 3 years. Over half (55%) said that they are quite confident or very confident of growth when compared to last year – reflective of the increasingly positive economic indicators of the past few months.
The Business Without Barriers report, which surveyed over 500 Business Decision Makers throughout the country also found that one in four businesses within the Sales, Media & Marketing industries considers a lack of innovation or fresh ideas to be the factors which most hamper their business growth alongside lack of investment. More generally in UK business people are pointing to talent attraction, retention and development standing in the way of growth, with one in eight saying it is an issue.
A third of Sales, Media & Marketing professionals are seeing growth internationally in export: markedly higher than the average business in other sectors. The research also suggested that 92% of businesses within these industries believe that international trade will be a major factor in the growth of UK businesses this decade.
Those in the Sales, Media & Marketing industries are equally divided between thinking Britain should leave the European Union from a business perspective and thinking it shouldn’t – which fits with the overall UK business viewpoint.
The study comes as the National Business Awards opens for entries and they are callingon all sales professionals and organisations to enter one of their 17 categories which range from the Customer Focus Award, the BlackBerry Business Enabler of the Year Award and the Innovation Award. Previous winners and finalists include Silent Edge, Marks and Spencer, Hermes,
World First and Intertek Group.
Alex Evans, Programme Director of the National Business Awards said: “The organisations that win National Business Awards overcome barriers by considering the bigger picture, looking outside their organisations and industries for best practices that they can adapt to become market leaders. They also understand the value of talent and how to enable their people to deliver beyond expectation.
“As we launch the 2014 National Business Awards to find Britain’s leading organisations and individuals, it will be fascinating to see the innovative ways they are approaching growth in a global landscape.”
Organisations from all regions and sectors across the UK are invited to enter, from SMEs and social enterprises to FTSE 100s. The National Business have distinguished themselves by the quality of businesses taking part and the robust judging process, which is led by Dame Helen Alexander as Chair of Judges - nearly 100 multi disciplinary CEOs and senior directors also participate as judges, bringing their expertise and insight to the three-tier judging process.
The deadline for entries is 23 May 2014.