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January 06, 2020 | Research Report
For the second consecutive year, recession risk is the top external concern for CEOs globally—despite leading economic indicators signaling that a small improvement in the global outlook is more likely than recession in 2020. The heightened recession concerns are amplified by what CEOs see as continued uncertainty around global trade, increasing competition, global political instability, and tightening labor markets.
CEOs’ internal concerns include talent and skills shortages, disruptive technologies, and building an innovative culture. Additional concerns include developing next-generation leaders and controlling costs. In such a volatile world, the capacity to collaborate, to re-imagine external and internal networks, will likely be a decisive factor in future success.
This report is one of a suite of knowledge offerings based on responses to the C-Suite Challenge™ 2020 survey, which asked CEOs and C-suite executives for their views on the external and internal stress points they face, the need and will to collaborate with nontraditional partners to drive future growth, and the impact that cyber-risk and more sophisticated attitudes toward data privacy will have on their organizations in a digitally transformed business environment.
ARTICLE
For the second consecutive year, recession risk is the top external concern for CEOs globally—despite leading economic indicators signaling that a small improvement in the global outlook is more likely than recession in 2020. The heightened recession concerns are amplified by what CEOs see as continued uncertainty around global trade, increasing competition, global political instability, and tightening labor markets.
CEOs’ internal concerns include talent and skills shortages, disruptive technologies, and building an innovative culture. Additional concerns include developing next-generation leaders and controlling costs. In such a volatile world, the capacity to collaborate, to re-imagine external and internal networks, will likely be a decisive factor in future success.
This report is one of a suite of knowledge offerings based on responses to the C-Suite Challenge™ 2020 survey, which asked CEOs and C-suite executives for their views on the external and internal stress points they face, the need and will to collaborate with nontraditional partners to drive future growth, and the impact that cyber-risk and more sophisticated attitudes toward data privacy will have on their organizations in a digitally transformed business environment.
Since 1999, The Conference Board CEO Challenge® survey has asked CEOs across the globe to identify the most critical issues they face and their strategies to meet them. Since 2017, the C-Suite Challenge has expanded the survey pool beyond CEOs to the entire C-suite. This year’s survey, conducted between September and October 2019, asked 1,520 C-suite executives, including 740 CEOs across the globe, for their views on the external and internal stress points they face, the need and will to collaborate with nontraditional partners to drive future growth, and the impact that cyber risk and more sophisticated attitudes toward data privacy will have on their organizations in a digitally transformed business environment. This first report focuses on the hot-button issues, external and internal to firms, as seen by CEO and other C-suite executives.
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