(MENAFN- The Peninsula) The Peninsula
Qatar ranked 19th out of 136 countries globally for its capacity to respond and adapt to significant change, resulting from short-term events, such as natural disasters, and longer-term demographic, economic, social and technological trends, according to the findings of a latest study by KPMG.
Qatar is one of only four Asian countries to feature in the top 20 in the CRI, which is largely dominated by European countries, making up over half. Switzerland took the number-one ranking for the first time, replacing Singapore, which had claimed the top ranking in the 2013 and 2015 CRIs.
The 2017 KPMG Change Readiness Index (CRI) provides deep insights into where countries can focus and invest in order to be prepared for the increasing pace of change worldwide—breaking down each country's capacity across three key 'pillars of capability: enterprise, government, and people and civil society.
On the results, KPMG in Qatar's Country Senior Partner Abu-Sharkh (pictured) said: 'It is not surprising to see Qatar towards the top of the CRI rankings, alongside many more developed countries, given the country's commitment to development in many areas. Qatar's National Vision 2030 (QNV 2030) is likely to be a major contributor to the ranking, as it aims to transform Qatar into an advanced country by 2030, capable of sustaining its own development and providing for a high standard of living for all of its people for generations to come.
Focusing on GDP or business outputs alone is not the answer to a country becoming more change ready. The CRI shows that improving capabilities in areas of government, and people and civil society, as well as in enterprise, or business environment, are often key to why some countries are able to climb up the rankings. No single factor underlies change readiness.
On this, Abu-Sharkh, noted: 'QNV 2030 clearly defines the government's focus on all major areas which impact a countries development; human, social, environment and economic. At KPMG in Qatar, we are proud to support this development and to be part of the country's ongoing story, having helped many local businesses and organizations to not only grow and prosper, but also to be prepared for the risks and challenges relating to change.
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