World population hits 4.378 billion
Asian Financial Crisis hits, regional currencies fall 38% but World trade grows by 10%
EU adopts a white paper on renewable energy sources
Nobel prize winner Peter Doherty named Australian of the Year
DVD players make an appearance, no more chewed video tapes!
People management becomes CEOs biggest challenge
CEOs concerned about knowledge sharing
Globalisation, innovation and economic growth are hot issues
Internet opens up e-trade and e-commerce opportunities
CEOs see that change... will increase even more in the coming years...Information technology will make a major contribution especially in providing integrated information in customer related areas. In our view CEOs will need to embrace many different and innovative approaches to the way they manage their organisations. The increasing level of change will make a difficult job even tougher.
“This survey was aimed at understanding some of the fundamental shifts that are taking place in how CEOs see the landscape and challenges ahead”
79% of CEOs intend to fund future activities through their own cash flow
52% of CEOs very confident that revenue growth will continue
67% of APAC CEOs plan to do M&A outside their region or with new trade partners
40% of CEOs saw global warming as a key risk
37% of CEOs saw pandemics as a risk
PwC Global CEO Survey celebrates its 10 year anniversary
Elon Musk unveils the first Tesla cars at shows prior to full production
NASA launches its Phoenix spacecraft that discovers ice on Mars
Tentacles of the Global Financial Crisis begin spreading worldwide
Keeping up with the Kardashians premieres
“CEOs are revisiting their strategies to emphasise collaborative opportunities, not only across boundaries within their networks but externally as well…”
While knowledge, people, culture and collaboration are emerging as powerful forces on the global business scene, they are not the only aspects of the global landscape that are changing. Significant change is also at work in the universe of emerging economies.
50% of CEOs in developed markets believe emerging economies are more important to their company’s future
50% of CEOs expect the global economy to decline
56% of CEOs think cross-border capital flows will not come under new constraints
44% of CEOs say tax policies are significant in decisions about cross-border locations
More than 2 billion people connected to the internet
Chinese President Xi Jinping named as the nation’s leader for 10 years
US President Barack Obama elected for a second term
Facebook goes public, IPO raises $104 billion, setting tech records
South Korean pop star Psy’s ‘Gangnam Style’ breaks YouTube record with 1 billion views
CEOs are paying close attention to changing tax conditions as a result of high debts and deficits in developed economies: 29% are anticipating they’ll change growth strategies as a result, with 19% globally ‘extremely concerned’ over an increasing tax burden in countries where they operate.
“Twin aims for 2012: secure growth in new markets, achieve more certainty in the domestic market…”
93% of CEOs plan for organic growth to drive corporate growth or profitability
80% of CEOs are extremely/somewhat concerned about cyber threats
77% of CEOs are taking a customer-centric approach to R&D
68% actively seeking to commercialise new innovation
Global growth picks up and stock markets hit record highs
Britain triggers Brexit via Article 50 of the Lisbon Treaty
UN publishes its 17 Sustainable Development Goals
Australians become world record holders thanks to 26 years of economic growth
iPhone X, the world’s most sophisticated smartphone hits the market
Avoiding Asia is not sustainable. If companies want to be part of the growth story of this century, they need to get serious about developing Asia-specific strategies, and making those strategies work.
“Companies have a window of opportunity to rethink and redesign the way they employ, manage and interact with people…”
Australian CEOs move from reactive to proactive
CEOs seek growth through Mergers & Acquisitions
70% of local CEOs think global growth will improve
62% of CEOs will change their long-term investments in sustainability and ESG
US President Joe Biden takes over from Donald Trump
Chinese Communist Party turns 100 and celebrates becoming the world’s largest economy
World leaders host virtual summit for Earth Day, US to cut emissions by 40% by 2030
Words of national anthem “Advance Australia Fair” become more inclusive
Frozen II breaks records as most streamed movie for Netflix
The 2021 outlook is optimistic. 70% of Australia’s CEOs anticipate global economic growth will improve, a record increase from 11%. Increasing confidence means global and local CEOs have new opportunities ahead; it’s time to move from reactive to proactive mode. Now is the time for business leaders to seize the initiative and prepare the ground for growth.
“Australia’s CEOs are losing sleep over cyber threats and changing consumer behaviour. 95% of local CEOs say cyber is a top threat to growth”
of CEOs in 1997 saw people issues as a primary focus
of CEOs in 1997 saw innovation as a challenge in staying ahead of the game
of CEOs in 1997 saw technology, global economics and political change as significant issues
of CEOs in 1997 saw globalisation as a major challenge
While Australians were falling in love with new technologies such as VCRs, laptop computers and mobile phones, 1997’s CEOs were struggling with the opportunities offered by digital technology and the internet.
Learn how history was made, and what some executives who were part of that historic event in 1997/98 thought would drive success in the years ahead.
Picture this: It’s 1997 and Australia’s CEOs are feeling pressured. There’s a growing realisation that the world is changing and they need to adapt. After years of cost cutting and economic tightening, their go-to strategies are wearing thin.
Cheryl Vardon responded to that first survey as a government representative, and until we spoke to her as part of the 25th CEO Survey celebrations, was unaware that so few women were part of that historical event. Times have changed but Cheryl Vardon believes women CEOs are still under-represented in Australia.
Over the past 25 years, Matt English’s survey has become recognised as both a benchmark for CEO performance and a guide to business sentiment. But that first survey remains his most memorable particularly when it came to getting approval for its cover image of an exploding volcano.
With a background in both private and public affairs, Elizabeth Proust was Secretary of the Department of Premier and Cabinet in Victoria, when she participated in the 1997 survey. Here’s what she remembers.
Leigh Clifford AO has made a formidable contribution to Australian business. He is Chairman of Crestone, Director of Bechtel Inc (USA), is an immediate past Chairman of Qantas, and former CEO of multinational miner Rio Tinto. In 1997, PwC Partner Matt English invited Clifford to be part of the first Australian CEO survey. At that time, he was the Australian head of what is now Rio Tinto.