Global CEO Outlook 2016: The outlook for Australia

Global CEO Outlook 2016: The outlook for Australia

Australian CEOs and their global peers are increasingly focused on their innovation capability, the robustness and agility of their business models, and the shortfall in their talent pool, in order to maintain relevance and capture new market share.

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The next 3 years will be an era of unprecedented change and significance for businesses around the world, amid moderate growth. Australian CEOs therefore face a plethora of mission critical agendas, including technology and digitisation, data capture and analytics, heightened customer focus and disruptive capability sourcing.

In the 2016 KPMG Global CEO Outlook Survey, nearly 1,300 global CEOs (including 53 from Australia) revealed the key issues and challenges they face in the next 3 years and the strategies they have in place to manage them. The survey explores the perspectives of new and experienced CEOs, with tenure ranging from less than 1 year to over 15 years, across major industries, including public and private firms.

Key findings

  • CEOs recognise it is time to agitate, re-think and resource for change. Australian CEOs are placing a higher strategic priority than their global peers on implementing disruptive technology (25 percent Australia vs. 18 percent global) and in fostering innovation (28 percent Australia vs. 21 percent global).
  • This year cyber risk is the highest ranked corporate risk, while in 2015 it did not reach the top five. Of considerable concern is the extent to which Australian and global organisations are unprepared for a risk event.
  • Many CEOs are considering how their organisation will flounder or thrive in a new competitive landscape. Ninety-three percent of both Australian and global leaders are placing a stronger focus on core competencies and many plan to divest of non-core competencies (66 percent Australia and 76 percent Global).


View a summary of the key findings (PDF 62KB)

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