CEO’s and SUCCESS

Everything is in a constant change. The business and the way the business is conducted has seen a sea change, a complete transformation in the last decade. To ensure success is consistent, CEOs balance the risks and opportunities of competing and collaborating in a world where globalization, technology, and rapid social change are transforming the business landscape. There are many factors which contribute to the change in business environment and are definitely the point of contention for the CEOs. These include Business Confidence, Mergers and Acquisitions, Global Risks, climate change and North America/Asia Pacific region. The fear of a global downturn has emerged as the number one threat to growth because of the recent global credit crunch and the heightened risk of recession on business confidence. The countries in the south Asia are turning to be a major contributor to the global growth. Last year, China overtook the US as the greatest contributor to global growth, measured at market exchange rates. It’s interesting to see that the developing countries in Asia are turning out to be the major hubs for business success. Despite fears of an economic downturn, CEOs continue to recognize the strategic importance of overseas expansion. However, interest in M&A is highest in Asia, where CEOs are the most confident, and where Asian companies have increasingly become acquirers rather than the acquired. Obstacles to M&A activity were headed by cultural issues and financial considerations. It’s a fact that the global risks has fallen in the past 12 months. The world turning to be a global village has resulted in diversifying the opportunities and thus diluting the dangers occurring due to local difficulties. The CEOs believes that climate change is less of a threat to their business than last year, with only 34 percent of them worried about the impact of climate change. But, as expected, CEOs are concerned about energy costs, although they are also taking notice of the impact on the environment.
CEOs continue to believe that people are a key factor in achieving success, but that it is difficult to find people with the right combination of skills. CEOs globally said that combined technical and business experience, global work experience and leaderships skills are the most difficult areas for their companies to recruit. As far as collaborative business networks is concerned, CEOs now regard them as a defining principle of the organization of the future, although actual implementation is still lagging behind these expectations. They also stress the fact that governments and regulators could make significant improvements ― particularly in matters of labour law, tax regimes and, to a lesser extent, education. However, despite all the talk about Sarbanes-Oxley and other financial regulations over the last few years, CEOs are less concerned about requirements for listing of public companies for new listings.

For more, please visit “Emerging markets and economies: The 11th Annual Global CEO Survey”, PWC.