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September 2016: Is CEO Confidence “Finally” Improving?

CEOs have more confidence in future business conditions today than they did a month ago, and this is the second month in a row that their confidence rating has improved, after 21 months of near-steady decline.

On a scale of 1 to 10 with 10 being the highest, participants in Chief Executive’s September CEO Confidence Index survey rated future business conditions (12 months out) a 5.90, fully 20 points higher than their 5.70 rating in August and their 5.69 rating in July.

Leaders of large businesses continued to have the least confidence, with a 5.63 rating, well below the average 5.90. No doubt they are very concerned the next administration will affect their business, with regard to both taxation and other legislation.

Conversely, small businesses have the most positive outlook, with a future-business rating of 6.01 overall, compared to mid-marketers, who rated future business conditions 5.89.

In addition, the majority of respondents (67.7%) expect their company’s revenue to increase over the next 12 months, while 35.5% expect profits to grow. Just 23.9% anticipate higher capital expenditures, while 33.2% expect to hire more staff.

confidence-in-future-business-conditions-start-to-look-upOn a scale of 1 to 10 with 10 being the highest

Confidence varies by industry
Government/ Nonprofit CEOs gave the highest rating at 7.00, followed by leaders of Construction/ Engineering/ Mining companies, at 6.42. CEOs of Energy/Utility companies gave the lowest rating at 4.00, followed closely by Transportation with 4.86.

Ratings in the Retail Trade and Professional Services industries increased the most month over month from August to September (18.8% and 11.9%, respectively). Retail Trade rated business conditions 12 months from now a 5.94, 8th highest out of 15, while Professional Services leaders gave a 6.03, 4th highest for the month of September.



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    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)


    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

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    Women in Leadership Seminar and Peer Discussion

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    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

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