News

What keeps CEOs up at night? 5 survey findings

Written by Tamara Rosin (Twitter | Google+)  | January 31, 2017 
 Fear of a global recession is the No. 1 concern among CEOs around the world, according to a Conference Board survey of 555 CEOs worldwide.

Fortune notes that the survey was administered before the election of President Donald Trump, so it is impossible to say how CEOs’ fears might have changed in response to recent actions the new president has taken.

Here are five more findings from the survey, as reported by Fortune.

1. CEOs’ second most pressing concern is developing the next generation of leaders who have the skills to remake the business.

2. Only one-third of the survey respondents think failure to embrace the digital transformation will damage their ability to compete in the next two years. However, most respondents (two-thirds) agree technology is critical to long-term success.

3. The third biggest concern keeping CEOs up at night is cybersecurity. Even as they understand the need to integrate new technology, most leaders worry about how to keep their information systems secure.

4. In the U.S., CEOs’ top worry is the ability to retain and attract premier talent, which could help explain many corporate CEOs’ reactions to President Trump’s executive ban that severely restricts travel and immigration to the U.S. from seven Muslim-majority countries in the Middle East, according to Fortune.

5. Fear of terrorism increased from the prior year among CEOs in the U.S. and Europe, but is less prevalent in Asia and Latin America. Inequality is also a growing concern among American CEOs, more so than things such as slower growth in emerging markets and outdated U.S. infrastructure, according to the report.

Advertisements