New York—Execution is taking precedence over profit and top-line growth as a focus for CEOs, according to a global survey of chief executives released by the Conference Board.
The group polled 769 global CEOs from 40 countries for its study, CEO Challenge 2007: Top 10 Challenges.
When asked to rate their greatest concerns from among 121 different challenges, chief executives chose “excellence of execution” as their top challenge. Sustained and steady top-line growth, which led last year, ranked second.
”This year’s overall top challenge shows that CEOs from around the world are realizing that strong execution is a critical factor in driving profits and revenues,” said Jonathan Spector, president-CEO of the Conference Board, in a statement. “These executives are also becoming increasingly aware of the crucial role that people play in growing their companies.”