Of the 14 categories of major investment decisions made by corporations, plant and office site location decisions was the second-highest ranked category for involvement by CEOs.
CEO involvement in decisions affecting plant and office site locations is significant. When organizations decide to make investments in plant or office locations, 95.0% of CEOs are personally involved in at least one stage of the purchase decision. CEOs are most heavily involved in the Final Stage of the purchase decision, during which locations are selected and approved, at 81.3%. In fact, CEO involvement in the critical Final Stage ranks second highest among all investment categories.
CEOs are also heavily involved in the earlier stages of the Plant or Office Site Location decision process. CEOs rank their involvement in the Early Stage of decision making, when needs are identified and approaches explored, as higher than in any other category 42.5%. An additional 36.5% of CEOs are involved in the Middle Stage of the decision process for Plant/Office Site Locations.
Spending on Plant/Office Site Locations represent the largest investment made by CEOs on behalf of their companies. For 2013, 69% of CEOs anticipate spending on Plant/office location services. Significantly, the anticipated average spend of $2,910,000 is nearly double the next-highest category.
The involvement of the CEO in the Site or Plant location process greatly increases the likelihood that the organization will forward quickly in the evaluation and adoption process (+92.3%), it will become a priority that others in their organization will give serious consideration to and remove roadblocks in the evaluation process (+91.5%), and ultimately become a reality (+89.4%).
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