From flat interest rates to low oil prices, weak retail sales and the struggle over higher worker pay, many CEOs feel that nothing will improve until after the presidential election and are maintaining an air of cautiousness until then.
“This has to be the most pathetic economic recovery on record,” one CEO commented. “I was around during the 1980s recovery and saw a groundswell of business optimism as government lowered taxes and reduced regulation, and there was a message of optimism and confidence in Free Enterprise coming from the White House. As a result, business leaders then felt they had to get in front of an expanding economy. There is none of that kind of optimism now. Rather, business leaders seem to be in more of a defensive mode than anything else.”
“Many of our clients feel the economy is stagnant,” another responded. “Decisions are on hold because of uncertainty of where interest rates are headed and concern over the lack of leadership in the current administration and the inability of Congress to accomplish anything.”
Large company CEOs—who are most exposed to international markets—have the least faith in future business conditions, registering a 5.8 on a scale of 1 to 10, compared with larger mid-market firms, which had the highest expectations, registering a 6.15 out of 10. Smaller mid-market firms were not far behind at 6.03, while small businesses rated their future expectations at 6.00.
Overall, 44% of CEOs anticipate their revenues will increase less than 10% next year, compared with 30% that expect revenues to rise more than 20%.
“I don’t see an end in the near future of this weak cycle, as whenever one sector starts to pick up, another slows down,” one CEO said. It’s likely that until the presidential election next year, we can expect more of the same.
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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.
