U.S. businesses have become vastly more complex since the financial crisis, writes RSM US Senior Director Scott Reamer in the March issue of The Real Economy.
The technological changes alone have been significant, to say nothing of the macroeconomic, regulatory and capital market changes that middle market businesses have endured.
While running a business has always been difficult, the operating complexity necessary to run a successful middle market firm has increased significantly, Reamer writes. This complexity strains people, tech, data and processes across organizations. Executives must build and monitor enterprise value roadmaps, he adds, to manage complexity and allocate capital wisely.
Also in this issue, RSM US Chief Economist Joseph Brusuelas forecasts that the Fed will cut its policy rate once this year by a quarter point, likely in July or September. In his base case, expansionary fiscal policy will support robust spending and business expansion, with inflation around 3% and unemployment stabilizing near 4.4%.
