The report also highlights that CEOs in Asia no longer consider Western economies as a threat but rather as partners to work with and as potential markets for their companies.
This new research, based on in-depth interviews with seven CEOs of major global corporations as well as data gathered by the Conference Board from 650 CEOs worldwide, provides interesting insight into what sits at the top of executives’ agenda the world over.
Succession planning was another big concern for most bosses. The era of the super-CEO, it seems, is waning. Many companies now prefer to rely on a top team rather than a top individual, a safer option in turbulent business environments.
Caution also seemed to be the order of the day with regards to M&As. CEOs said they were putting more emphasis on strategy than before. Reactions were also mixed about high energy costs. While some saw the trend as detrimental to their business profitability, others took it as a trigger to come up with greener alternatives and innovative ways to generate value.
In fact, innovation is another challenge for most CEOs. While Europeans are scratching their heads to come up with ways to satisfy the Lisbon agenda, Americans are looking at news ways to combat piracy.
Source: Insights from The Conference Board CEO Challenge 2006
The Conference Board
Review by Emilie Filou