No exec red tape, pls
What keeps business leaders up at night? It's that old, and tired, bugbear over-regulation, or red tape if you prefer. In fact, 78% cite this very thing as the very top threat - really? - to business growth prospects in the latest Global CEO survey from PwC. And that represents a spike of 6% on last year, which is a decent bunch of sleep minutes to lose in a night. Clearly, more light-touch regulation would keep them slumbering under their duvets for far longer.
But, luckily, they remain confident about their business growth prospects over the next 12 months, despite rising concerns across a range of business risks and a recognition that they face upheaval. You see, CEOs are now exploring how they can create new value in a complex and contradictory environment.
“That’s a smart strategy when you take into account the global uncertainty about where economic growth will come from,” says PwC in its wisdom. Actually, that’s not much like a ‘strategy’ at all when you parse it, while the comment is pretty much akin to pricey consultancy jabber.
What it’s really about is this. “The challenge CEOs face is anticipating which markets offer the best opportunity for growth at a time when the global business community is still looking to get its swagger back,” PwC explains.
Which is the age-old strategy of investing where you think you can make the most money, in plainspeak. Though it’s hard to charge a high fee for such sound advice.