Big Four audit and consultancy firm PwC has released its annual global CEO survey, showing that 40 per cent of global CEOs believe their organisation “will not longer be economically viable in ten years’ time, if it continues on its current course.”
The stark figures show that executives around the world are coming to terms with a rapidly changing global and business landscape. The survey assessed the views of 4,410 CEOs in 105 countries and territories, and revealed that “most of those CEOs feel it’s critically important for them to reinvent their businesses for the future”.
A staggering 75 per cent of those surveyed believe the world economy will see declining growth in 2023, signifying the scale of near-term and immediate challenges to their businesses.
PwC organised the survey results into nine tough questions, which fall into three sections:
The race for the future; Today’s tensions; and A balanced agenda.
The survey analyses CEOs beliefs on the long-term viability of their company, the tensions impacting their businesses as they strive to implement their strategies and lastly, it assesses the balancing-act CEOs must achieve if they want to deliver in full.
For an overview of the survey results, click here.
Corinthia growing with ‘clearer focus on efficiency,’ says CEO Simon Naudi
Chairman Alfred Pisani meanwhile said the group will increasingly focus on profitability with a focus on regular dividends.
Stakeholders back PN’s €12 million AI and space sector push but warn Malta must move beyond headlines
'The country has the potential to carve out specialised niches in the growing global market.'
CEO Luke Chetcuti celebrates continued growth across Hugo’s Group
Revenue for the year stood at €3.5 million, while equity strengthened to €29 million.
How CEOs and HR leaders can support employees through political tension
Maintaining a respectful, psychologically safe, and productive workplace during a highly polarised period
