CEO priorities in the face of current uncertainty
Mckinsey´s report analysing the priorities that every CEO and business leader should consider managing their company in the current uncertain environment. The conclusions, obtained after conversations with hundreds of CEOs worldwide from several sectors, include defensive aspects but also offensive ones to take advantage of the opportunities that may arise.
According to Mckinsey, top priorities for a company's top executive in today's environment would be the following:
- Resilience: in a volatile and disruptive world, it is the priority par excellence in its different aspects: financial, operational, technological, organizational, business model and reputational resilience.
- Courage: However, the best leaders not only focus on prudent management of the difficulties of the current cycle but are also attentive to seek opportunities that may arise and bet on long-term strategies and projects outside the manual.
- Building new businesses seeking growth: With a vision of start-ups and unicorn companies, more than half of the executives prioritize creating companies in high-growth sectors. Consolidated companies have something that start-ups may miss such as resources, capital, assets... According to Mckinsey, one of the most profitable sectors in the future and with the fastest growth will be green technologies.
- Improving technology and digitization: To build new businesses and to strengthen resilience and take the initiative in the old ones, it is essential to have the right technology and continue advancing in the digital transformation of companies.
- Going forward with net zero emissions commitments: Despite the difficulties and pressures caused by the energy crisis caused by the war, environmental commitments continue to be on the agenda of executives and will transform business.
- Strengthen or rebuild employee experience: After Covid and the emergence of work from home, it will be key to improve employee satisfaction and improving employee satisfaction and sense of pride in being part of the company will be key to solve the talent retention and attraction issues observed in many companies.
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According to AFME, a clearer, more coherent, and proportionate regulatory environment, without unnecessary layers and focuses on growth and competitiveness, is keyl to increase investor confidence, unlock private capital and deepen European capital markets
According to the Center for the Governance of Change at IE University, Europeans support technological progress if it reinforces security, inclusion, and social welfare; but resist it when change feels imposed, opaque, or misaligned with their values.
According to a recent report released by CEPS, European financial regulators should adopt competitiveness as a formal secondary objective, following the precedent established by the UK's Financial Services and Markets Act 2023.
According to the OECD. SMEs and start-ups that grow rapidly contribute significantly to job creation, economic growth and competitiveness. Indeed, SMEs that grow by one-third over a three-year period, contribute about as much to job creation as large firms.
According to @McKinsey, banks must prepare for a new growth curve. Strategic precision —the ability to combine technology, capital discipline, and deep customer insight— will distinguish the leaders from the laggards.
According to Kristalina Georgeva IMF Managing Director, lifting growth requires three things: one, regulatory housecleaning to unleash private enterprise; two, deeper regional integration; and three, preparedness to harness AI.
According to The European House – Ambrosetti, the European Union has an opportunity to boost competitiveness and growth by simplifying regulatory and supervisory frameworks, particularly in the areas of sustainability and the financial sector.
According to Ramón Casilda Béjar, Spain, in today’s complex geopolitical landscape, has the opportunity to strengthen its role as a bridge and connecting country between Ibero-America and the European Union, revitalizing investment flows in both directions.
According to @ECB, in moments of acute stress, the public often turns to physical currency as a reliable store of value and a resilient means of payment, underscoring the crucial role it plays above and beyond everyday transactional convenience
According to Juan S. Mora-Sanguinetti, in Spain a 10% increase in regulatory volume leads to a 0.5% drop in employment in companies with fewer than 10 employees.
According to Hélène Rey “In a world where stablecoins, particularly those pegged to the dollar, become an important global payment tool, we must brace ourselves for substantial consequences”.
@judith_arnal proposes reforms for the EU to advance regulatory simplification, starting with consensus on its meaning, with competitiveness as a pillar, plus coordination mechanisms and a governance rethink.