Every year the Conference Board CEO challenge survey asks hundreds of senior executives from around the world to identify and rank their most pressing concerns. This report presents the top 10 challenges from the survey. Comments from those interviewed, along with complementary survey results, will be published early next year in the CEO challenge perspectives and analysis
This year the Top 10 report was in its final stages when the financial crisis hit. So, the original responses were returned to those who had completed the survey back in July and August, nearly 200 updated surveys were received back. The differences between their original and resubmitted responses offers a unique “pre” and “post” insight into how the financial crisis of 2008 is affecting what’s on the minds of CEOs around the world.
A turbulent global economy has led CEOs to focus on “bread and butter” survival issues, rather than longer-term challenges, such as talent management. The number who rate speed, flexibility, adaptability to change as being one of their greatest concerns almost doubles, moving up to 3rd place from 7th. Both profit growth and top line growth give way to the challenges of global economic performance, which rose to 4th place from 16th, and financial risk, including liquidity, volatility, and credit risk, which rose to 5th place from 11th.
The top ten challenges identified are:
Excellence in execution
Consistent execution of strategy by top management
Speed, flexibility, adaptability to change
Global economic performance
Financial risk, including liquidity, volatility, and credit risk
Sustained and steady top-line growth
The full report is available to current London Business School students, faculty, staff and alumni from the Conference Board Research database on the A-Z list of library databases via Portal