According to Chief Executive’s July CEO Confidence Index, CEOs rated their confidence in business conditions 12 months from now a 5.67 on a scale of 1 to 10, with 10 being the highest. This is the lowest score in the last 12 months, and an 8.2% drop from August 2015.
Between the UK’s Brexit vote, the upcoming U.S. presidential election, ongoing terrorism attacks and other global issues, it appears that CEOs are hesitant to think positively about future business conditions right now.
“The current political situation in the United States is highly volatile, and its effect on the rest of the world could be dire,” one CEO said. “The choice for president will significantly impact the expected results,” another said.
Still a third felt that “The fact that American manufacturing survives at all in this dysfunctional universe is a testament to American perseverance,” while another called the tax burden “confusing and burdensome.”
By company size
While there isn’t a significant difference in CEO responses based on company size, there is a clear ratings drop as company size goes down. Large companies ($1 Billion+) had the strongest future outlook, with a rating of 5.91, while small companies (under $10 million) had the weakest future outlook, with 5.34 rating points.
As we continue to follow the fallout from Great Britain’s exit from the European Union and as the U.S. presidential election battle accelerates, CEOs will likely remain cautious.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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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:
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.
2:00 - 5:00 pm
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.
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.
