On a scale of 1 to 10 with 10 being the highest, CEOs rated their confidence in overall business conditions one year from now a 6.23, compared with 6.71 in January—a 7.1% drop—when everyone thought the economy was going to bounce back strong.
A significant part of the rating comes from the fact that many CEOs don’t see the economy improving until a new president of the United States takes office.
“We need a new president who will bring jobs, negotiate properly and inspire business owners to re-build their businesses,” one said, while another feels that “nothing of any great value will develop until AFTER the 2016 election.”
In particular, manufacturing CEOs continue to tread cautiously despite a slight uptick in national manufacturing output in October, according to Market Realist.
“The manufacturing industry in the U.S. has been in demise for a long time and we have not maintained [our] level of capability,” one CEO said. “Rebuilding the core competencies and teaching people the basics is critical to the American manufacturing renewal process.”
When it comes to revenues, employees, profits and capital expenditures, companies are treading carefully, with the most significant shifts in all four categories to remain under 10%.
Nearly 40% of CEO respondents anticipate revenue growth rates under 10% for the coming year, while roughly a third of all respondents anticipate their employee, capital expense and profit growth will all remain under the 10% mark.
Industrial manufacturers expect to fare slightly better than consumer manufacturers next year. Nearly 27% more industrial manufacturers anticipate a revenue increase of up to 20% in 2016, while 6.8% more anticipate revenue growth up to 10%, compared with consumer manufacturers.
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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.
