Our 16th Annual Global CEO Survey finds the world’s business
leaders facing market conditions that are as challenging as
many can recall; only one in five CEOs believe that the global
economy will improve over the coming year and 70% are
committed to cutting costs. The division between markets has
become more pronounced and CEOs find themselves navigating
a multi-speed global marketplace where matching talent supply
and demand has become a constant headache.
As if these challenges weren’t enough, CEOs must also work in
an environment where trust in the world’s businesses (and their
leaders) has hit an all-time low.
The need to rebuild trust through engagement, which will in
turn attract and retain the best talent, set alongside the need to
reduce costs still further creates a powerful dilemma for leaders.
Actions to reduce or shift headcount often run counter to efforts
to build enduring trust and create growth. It can be done, of
course, but it requires extraordinary leadership.
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