The prior decade certainly offered a target rich environment for CEO’s and organizational leaders to learn a great deal about free market behavior and how well our organizations were positioned for such large swings in the economy. Today, there are some tremendous case studies that were born from this decade of activities represented by growth and easy capital markets turning to the great recession and a retraction of markets and capital that hasn’t been as severe since the 1970′s. We thought we would stop and reflect on this learning opportunity and see what we find among the CEO Forum members. This is what we found.
Survey Results of our CEO Forum Members
Learning from the Prior Decade
How We Strategically Drive Our Organizations in the Coming Decade
28 Perspectives Nominated by the 37 members of three CEO Forums
Those receiving the most votes from our members are:
What might we have learned from the prior decade?
1. Some business models are becoming obsolete; great new ones are being created
2. Be humble / considerate
3. Quality even slower growth is likely better
4. Target our customers / prospects based on financial risk and ability to grow
5. Learn to say no
Have we fully comprehended what
adjustments must be made moving forward?
1. We must develop plans that address financial weaknesses, establish how and when, if not already, our organization can return to growth while also building more liquidity than what was thought to be necessary in the past
2. Risk of shorter cycles between downturns
3. Limited increase in real estate values
4. Ongoing uncertainty of global events
How will we strategically drive our
organization in the coming decade?
1. Stronger drive for greater efficiency (using technology and improved processes)
2. Work to try to give more meaning to the work that our co-workers perform; be reminded that as the economy heats up, others will come after our A Players
3. Enhanced / More dynamic strategic planning process
4. Drive to create a higher value proposition as viewed by our customers