CEO Confidence Index update – Optimism With a Caveat
A summary of the good news and the bad news, quoting from the October survey from Chief Executive Magazine.
Confidence jumped 7.1 percent to 5.23 out of a possible 10, bringing confidence back to levels seen this summer. Though overall confidence has dropped 18 percent since the Index’s 2011 high of 6.39 in February, November’s jump seemed to be an indication that conditions are starting to recover.
Here are three things that happened in October that helped boost CEO confidence:
- Financial markets surged
- An agreement was made on euro-zone debt crisis
- Corporations saw solid Q3 earnings
Projections for key business metrics also saw a boost. Over 69 percent of CEOs expect to see increased revenues over the next year, a 15 percent increase from October.
These numbers and comments, however, were compiled between November 1 and November 4. Since then, there have been political and economic developments that could potentially push confidence back down:
- Italy may be poised to be the next Greece
- U.S. added fewer jobs than expected in October
- Oil prices are up more than 20 percent in 5 weeks
Consider reviewing the full survey with graphs and more detail comments to enjoy the positive aspects tempered with the some valid concerns. Then go one level deeper to adapt for your business and keep one hand on the steering wheel and one hand ready to downshift for turbulence along the way.
Categories: corporate governance, ERM expert and speaker, investment decisions, ROI, facilitator, liquidity risk, supply chain, risk management, leader, business growth, strategic planning, consultant, entrepreneurial, cash, risk, economic choices, Planning, operational inefficiencies, innovation, revenues, Strategic, Leadership, CEO, plan, corporate presentations, business information., business performance management, business model, communication breakdowns, Manufacturing, business plan, ERM, family business, operations risk management, Accountability, sales, keynote, business book, facilitating, Management, assessment, Finance, risk assessment, budgets, coaching, decision maker, cash flow, profits, customer service, enterprise risk managment, ORM, coach, economy, Business Management, enterprise risk management expert, contingency planning, Financing, motivation, uncertainty, goals, Liquidity, business consulting, efficiency, business leader, budget, equity, corporate, BPM, corporate retreat, Board of Directors, cash projections, customer profitability, enterprise risk planning, strategic plan, business consulting services, Profitability, culture, disgruntled employees, due diligence, Enterprise Risk Management, Business, Marketing, change management, creativity, customer, business strategy, offsite planning, operational assessment
Tags: ERM contingency planning due diligence risk corporate governance Enterprise Risk Management profitability leadership business plan budget change management risk assessment change operational assessment business model BPM fiscal strategic plan best practice cash flow customer profitability operations risk management business performance management cash corporate finance cash projections customer ORM income statement balance sheet fiscal management liquidity risk strategic planning financial statements enterprise risk planning goals enterprise risk management expert profit risk strategy strategy vision ERM expert and speaker economy infrastructure productivity budgets coach risks family business sales consultant profits ROI enterprise management communication breakdowns offsite planning
Comments