Overall, in Chief Executive’s March 2016 CEO Confidence Index survey, manufacturers rated their expectations of future business conditions 12 months from now a 6.00 on a scale of 1 to 10, with 10 being the highest. That’s a 6% increase compared with a rating of 5.64 given for how they feel business conditions are now.
However, those ratings vary greatly when we dig deeper. For example, consumer goods manufacturers have a much better current and future outlook than industrial manufacturers do, which are dealing with global crises such as terrorism in Europe, the economic recession in Greece and the crash of the Chinese stock market. Consumer goods manufacturers, overall rated current conditions a 6.26 and future conditions a 6.44, a slight increase of 3%. And while industrial manufacturers project a larger jump of 8%, they are starting from and ending with a much lower base. Industrial manufacturers only gave a current rating of 5.38, while their future rating was just 5.81.
When broken out by company size, the numbers tell an even more fractured story. Large consumer goods manufacturers ($1B+ revenue) had the least positive outlook. Not only did they collectively give the lowest rating compared with midsized and smaller manufacturers, but they were the only segment to see conditions worsening over time, at -11%.
Conversely, large industrial manufacturers were at the opposite end of the continuum, showing the largest expectation of growth, at 17%. Small consumer goods manufacturers had the best outlook overall, rating current conditions 6.71 and future conditions 7.29, a 9% increase.
The impending U.S. presidential election undoubtedly is having an effect on everyone’s outlook, and we can expect the election in November to change these numbers significantly, for better or worse, all around.
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.
