According to the study, volatile markets and managing economic uncertainty is the biggest challenge facing top business executives, cited by 65% of respondents. Other pressing issues are the price of fuel and other raw materials (52%); attracting and keeping top talent (38%); the decline in the value of the dollar (35%); and innovation (20%).
The study also found that 63% of the business elite use e-mail, conduct instant messaging or obtain news from a mobile device; 54% receive daily e-mail newsletters or alerts; 51% watch streaming video on their computers; and 41% listen to satellite radio.
When asked about their decision-making processes, 86% of executives said they take the lead in decision-making; 78% said they are not afraid to take business risks; 76% said meeting people face-to-face is critical for their business; and 63% said advertising plays a part in influencing purchase decisions.
The study was based on a direct mail survey of 2,251 senior business executives, conducted from March through June.