Flexible office space is not just for small firms. Indeed, 48% of large firms plan to use flexible office space over the next three years, compared to 32% of small firms.
Small firms are defined as those with fewer than 500 full-time employees.
Large firms are defined as those with more than 1,000 full-time employees.
Small firms are defined as those with fewer than 500 full-time employees. Large firms are defined as those with more than 1,000 full-time employees. Totals will not equal 100% because respondents were able to choose multiple answers. The possible multiple-choice answers included investing in intangibles, investing in tangibles, investing in our labor force, retaining cash or returning it to shareholders/owners, our company is not likely to be profitable, and other.
Are small firms more likely to invest in intangible assets in 2020?
What share of small and large companies have become more intangible-heavy in the last three years?
The embrace of intangible assets by larger firms allows them to leverage network effects and fuels the trend towards "winner-take-all" markets.
46% of large firms said that variable costs have increased as a share of total costs over the last three years, compared to 44% of small firms.