17th Annual Global CEO Survey: US Findings

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01/30/2014
17th Annual Global CEO Survey: US Findings

At a glance

US CEOs in our 17th Annual Global CEO Survey are finding reasons to be more confident in many places. At home, the outlook for the US economy is improving. For example, we saw momentum increase in the US deals market over 2013, and business investment is picking up.

US CEOs in our 17th Annual Global CEO Survey are finding reasons to be more confident in many places. At home, the outlook for the US economy is improving. For example, we saw momentum increase in the US deals market over 2013, and business investment is picking up.

Internationally, US CEOs are quick to reassess where the opportunities are. These developments are somewhat comforting after some trying conditions over the past few years.

Yet uncertainty is still an overarching theme for all CEOs, with tax and regulatory policies among the top concerns. This uncertainty continues to make it difficult for businesses to manage costs, and thus to invest.

It’s clear that CEOs see hard work ahead to capture the promise of growth from the many opportunities unfolding today. As a result, they are making a lot of changes—both inside the organization and out—in the way they collaborate with widening networks to make sure their companies are fit for a future that’s going to be vastly different in important ways.

For example, 86% of US CEOs told us that advancing technologies are going to transform their businesses over the next five years. In the words of Ken Hicks, chairman and CEO, Foot Locker, Inc., new technologies will be the “game changers in what we do and how we do it.” CEOs are especially mindful of how technology intersects with other industries, such as healthcare and retail, to create new hybrid industries.

Our findings also indicate CEOs are looking for, and finding, new sources of value in their own businesses and industries: 36% believe product and service innovation offers their main opportunity for growth this year.