The 2016 Global CEO Outlook survey follows on from the significant insights and success of our first edition in 2015. This year, through our research partner Forbes, we surveyed over 1200 CEOs of companies with greater than US$500 million in revenues in 10 key markets (Australia, China, France, Germany, India, Italy, Japan, Spain, UK and US) within 11 key industry sectors (Automotive, Banking, Energy/Utilities, Infrastructure, Insurance, Investment Management, Life Sciences, Manufacturing, Retail/Consumer Markets, Technology, Telecom).
The force and speed with which technological innovation is moving through the economy is creating an inflection point for the business sector, say the vast majority of CEOs surveyed. So great will be the impact, that 41 percent of CEOs expect to be running significantly transformed companies in 3years’ time. That response rate is up from 29 percent of the CEOs who felt that way in last year’s survey. In addition, 82percent of those surveyed are concerned about whether their company’s current products or services will be relevant to customers 3 years from now.
A significant majority of CEOs recognize the important need to foster a culture of innovation, respond quickly to technological opportunities and invest in new processes. But most CEOs recognize that they are now handling issues that they have never grappled with before.
Global CEOs of the largest corporations have indicated they are prepared to handle this period of unprecedented change with realistic expectations and a healthy dose of confidence. They are increasingly optimistic that they can transform their organization to enable it to capture the opportunity that the future holds. This confidence is apparent in their hiring plans and projected top-line growth over the next 3years.