BCG's Walters Says Companies Need to Prepare for Attacks

The video discusses the global economy, highlighting the increasing threat of cyber attacks on corporations and the need for robust IT investments. It introduces the growth share matrix as a tool for corporate strategy, emphasizing the importance of prioritizing IT and firewall investments. The video also examines the rapid growth of the Chinese consumer economy, predicting a significant increase in digital transactions and consumption growth surpassing GDP growth.

What is a major reason for companies to invest in cybersecurity?

• To enhance customer service

• To reduce employee turnover

• To increase their market share

• To protect valuable data assets

In the growth share matrix, which sector is considered a 'cash cow'?

• IT and Cybersecurity

• Human Resources

• Research and Development

• Marketing

By 2021, what percentage of consumer purchases in China is expected to be linked to digital transactions?

• 100%

• 70%

• 50%

• 90%

What is the expected additional consumption in the Chinese economy by 2021?

• $1.8 trillion

• $180 billion

• $18 billion

• $1.8 billion

How does the growth of consumption in China compare to its GDP growth?

• Consumption growth is slower than GDP growth

• Consumption growth is equal to GDP growth

• Consumption growth is unrelated to GDP growth

• Consumption growth is faster than GDP growth