How Enterprise Technology Affects the CEO’s Vision
CEOs believe that in a digital world, they must work harder than ever to ensure that their company’s purpose is reflected in its values, culture and behaviors.
52% of the global CEOs surveyed plan to hire more employees over the next 12 months, compared to 16% who expect to cut headcount.
Of CEOs who plan to decrease headcount, 80% said this decision is driven, at least to some extent, by automation and technology.
77% of the CEOs said it’s very difficult to recruit candidates who are creative and innovative, and 75% said it’s challenging to recruit individuals who display strong leadership traits.
79% are looking to drive company expansion and profitability via organic growth over the next 12 months, and 62% plan to do so through cost reductions.
48% of the CEOs surveyed intend to drive company expansion and profitability via new strategic alliances and joint ventures, and 41% expect to do so through mergers and acquisitions.
93% said it’s more important than ever before to develop a strong corporate purpose that’s reflected in the company’s values, culture and behaviors. Nearly 70% said it’s harder for businesses to gain and keep trust in these digitally driven times.
91% said that cyber-security breaches of business information and/or critical systems will negatively affect stakeholder trust levels over the next five years, and the same percent said breaches of both data privacy and ethics will.
90% of the CEOs surveyed said that IT outages and disruptions will negatively impact stakeholder trust levels over the next five years.
64% said that companies can differentiate themselves in this increasingly digital world by how securely they manage data.
Uncertain economic growth: 82%,
Excessive regulations: 80%,
Unavailability of key skills: 77%,
Geopolitical uncertainty: 74%,
Speed of technology change: 70%
55% of the CEOs surveyed said they have strong digital skills, and 46% said they use home automation systems, while 43% said they’re active on social media.