Overall, CEOs ranked their confidence in future business 12 months out a 6.08 out of 10. Compared to 6.71 in January 2015, that’s a 9.4% drop.
Top complaints include overburdensome taxes and regulations; a lack of leadership in addressing domestic problems and global instability; and structural industry changes.
“With so many negative balls in the air, who can tell what will happen and, even worse, nobody in Washington is doing anything about it,” says one CEO. Another laments “an administration [that] is clueless about creating an environment which incentivizes business to grow.”
CEOs’ outlook on the future diverges significantly by industry, with Pharmaceutical/Medical Device leaders having the most confident outlook on future prospects. These CEOs rated current conditions a 7.2 out of 10, and believe conditions will improve in the next 12 months to a 7.6. They are followed by Construction/Engineering CEOs, who rate current conditions a 7.1. They see a slightly worse environment in 12 months, down to 7.0.
“Even though our company is experiencing growth, our community has lost a significant amount of manufacturing jobs which has had a negative impact on our practice,” says Raymond Zinicola, COO of OMNI Orthopaedics. “I believe the elections in 2016 will potentially make a difference in this area of the economy.”
One Wholesale/Distribution CEO says a lack of talent is constraining growth: “[The] Labor shortage [is] impacting growth in construction. [The government needs] to address immigration to get more good people into the U.S.”
Energy/Utility CEOs, already dour due to battered oil prices, believe even tougher times are ahead. Their low current sentiment (3.8 of 10) looks relatively rosy compared to the even worse outlook (3.5) they see ahead in 12 months. One CEO decries “burgeoning taxes/fees/other changes by the Obama Administration.” The collapse of oil prices is also affecting adjacent industries. “Metal fabrication has been impacted by lower oil prices that affect pipelining, railcar building, etc,” says one.
Retail executive sentiment actually changes from a slight positive now (5.3) to negative territory in 12 months (4.7).
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.
