Excellent survey of global CEOs by PwC. Not only does the survey focus on emerging markets, but it contains a significant section on the importance that CEOs attribute to innovation as a key driver of their growth strategy.
The 1,201 chief executives in 69 countries polled were nearly as confident in their outlook for revenue growth over the coming 12 months as in the boom years before the global financial crisis
Innovation is very high on the agenda for CEOs globally. 78% expect that their development efforts to generate significant new revenue opportunities over the next three years. The report shows that CEOs are “putting the customer first”, reinforcing the view that the best ideas come from customers, partners and suppliers. Further, CEOs are really trying to co-create products and services with their customers.
The full report can be found here and is available for download.
CEO Magazine has just published their list of the word’s most respected CEOs.
This year, they selected 18 CEOs from 17 publicly traded companies and 1 nonprofit organization. Four special CEO honors went to Carlos Ghosn, CEO of Nissan Motor Co., for the successful turnaround of a global giant, and for making a profit in 2009 during the worst global financial crisis to hit the auto industry; Steve Jobs, CEO of Apple Inc for transforming the way we use phones and making Apple one of the most valuable global brands and companies in the world; Muhammad Yunus, CEO of Garmeen Bank for pioneering a new model of successful multi-billion dollar social banking and leveraging capitalism principles that helped approximately 3 million families fighting poverty conditions; and David Blair, CEO of Catalyst Health Inc, the youngest CEO on the list (less than 40 years old), who manages a company of less than 1,000 employees and generates more than 3.2 billion in revenues.
The complete list can be found here.
Lessons from them can be found here.
IBM Has recently released its 2010 Global CEO Study. An excellent document that should be read by all, as it summarizes what is on the minds of CEOs around the globe, and, for those organizations that are looking to be more customer-centric (and that has to be every organization) understanding what the customer is thinking about is paramount.
Highlights of the executive summary are below, but I have also developed a PowerPoint summary of the document that I prepared as bedtime reading for all of us.
Today’s complexity is only expected to rise, and more than half of CEOs doubt their ability to manage it. Seventy-nine percent of CEOs anticipate even greater complexity ahead. However, one set of organizations — we call them “Standouts” — has turned increased complexity into financial advantage over the past five years.
Creativity is the most important leadership quality, according to CEOs. Standouts practice and encourage experimentation and innovation throughout their organizations. Creative leaders expect to make deeper business model changes to realize their strategies. To succeed, they take more calculated risks, find new ideas, and keep innovating in how they lead and communicate.
The most successful organizations co-create products and services with customers, and integrate customers into core processes. They are adopting new channels to engage and stay in tune with customers. By drawing more insight from the available data, successful CEOs make customer intimacy their number-one priority.
Better performers manage complexity on behalf of their organizations, customers and partners. They do so by simplifying operations and products, and increasing dexterity to change the way they work, access resources and enter markets around the world. Compared to other CEOs, dexterous leaders expect 20 percent more future revenue to come from new sources.