Business Roundtable’s Post

Business executives remain pessimistic about the economy despite inflation reduction. Labor market insights: 13% report overstaffing (up from 11%), while 29% report understaffing and hiring hesitation increased from 13% to 15%. Only 26% of executives are optimistic about the economy in the next 12 months, down from 35% last quarter. Global economic optimism also dropped from 22% to 19%. Inflation concerns have decreased, with 57% of executives worried (down from 75%), but labor and benefit costs are now the top concern. Revenue and profit expectations have fallen: revenue growth is projected at 1.9% (down from 2.9%), and profit growth at 0.2% (down from 1.5%). Optimism about individual company outlooks dropped from 48% to 41%, and only 44% expect business expansion over the next 12 months. 69% of executives expect favorable effects from anticipated Federal Reserve interest rate cuts. Election uncertainty has impacted business forecasting for 46% of executives. Creative Financial Staffing (CFS)

Michigan’s Economic Outlook: 73% of CEOs Expect Michigan’s Economy to Remain Steady A recent survey conducted by Business Leaders for Michigan revealed that a significant majority of Michigan’s top executives anticipate that the state’s economy will remain stable over the coming six months. Approximately 73% of CEOs expressed this expectation, with over half predicting an increase in their companies’ revenues during the same period. However, the path […] The post Michigan’s Economic Outlook: 73% of CEOs Expect Michigan’s Economy to Remain Steady appeared first on CEOWORLD magazine. Copyright CEOWORLD magazine 2023.

IMPROVE PRODUCTIVITY TO BOOST PERFORMANCE With an unpredictable economy and possible recession, many companies are cutting costs drastically. However, real improvement requires more than just cutting expenses. Those who can make effective changes will not only see better performance but will also become more resilient during tough times. Find out more about making successful changes in our latest article: https://atbain.co/3yNPciQ

" If you are willing to voice your opinion, you should be willing to change your mind in face of updated information " How many times do you face strong opinions that are unwilling to adjust or more interested in "being right" than getting to the solution? It usually goes like this: Problem statement from the CEO: Alright, let's discuss our our GTM motions and sales plays. our growth has slowed down and our win-rate ration has degraded over the last quarter. A: We have had good traction with HR in Cies of 50M to 500M and my gut says we need to pour more investment, not less. So my plan is to add a few more SDRs to help build the pipeline. B: Our research (market + historical data sets) shows a shift in the market (saturation, decision maker profile, size of Cie). We've observed a trend where CFOs are becoming more influential in decision-making particularly in companies with revenues exceeding 200M. A: I "understand" your point, but I've built my career around selling to HR. It's been a successful strategy for us. We can't afford to neglect that lower segment of the market. Let's not waste time changing our approach when the HR road has served us well thus far. B: I understand your concern. Would you mind sharing what the success criteria have been for this strategy and how much business we have done in that lower market? ..... 💣 💥 Opinions usually are gut centric, general statements, desires, anchored in habits or fear. An easy way to recognize it... you can't explain it clearly. We all have our blind spots. To help challenge them, be open to new ideas and data. Hint: it might be uncomfortable and challenging... it usually where growth happens!

The Business Roundtable Q4 CEO Economic Index Reflects a Stable but Cooling U.S. Economy 💼 The hiring index jumped nearly 10 points, a sign that more #business leaders plan to expand their #workforce  ➡ Read Axios coverage: https://lnkd.in/dvF5aKqP #CEOinsights

Wouldn't it be interesting to be able to survey the CEOs of some of America's biggest companies and ask them about their expectations for revenue, capital spending, and hiring over, say, the next six months? Well, this is actually already happening Each quarter since Q4 2002, the Business Roundtable has released a composite index of CEO plans—which include the likes of Apple's Tim Cook, Alphabet's Sundar Pichai, and JPMorgan Chase's Jamie Dimon—for capital spending and employment and expectations for sales over the next six months In the most recent report released last month, CEO confidence rose to the highest level since late 2022, while plans for higher capital spending reinforced signs of robust economic growth in the months ahead Boulay

A question that I often get from people, is how to do a fundamental analysis of a company. It's simple really, if you know the basics. Broadly we look at 3 factors- economic, industrial and company-specific dynamics to understand whether a stock is good to invest. The economy - global and domestic play a vital role in influencing stock prices. Secondly the domain in which the stock belongs- manufacturing, BFSI, technology etc. ; how that particular industry is performing will somewhat decide the future performance of a share. Lastly, internal matters, like change of leadership, or shareholding pattern may lead to price changes. But you have to keep in mind, that nothing is certain in the stock market and our analysis may not always be right, but nevertheless a calculated risk is always better than just leaving it to chance.

CEOs are feeling optimistic about the US economic outlook! The CEO Confidence Index indicates a surge in positivity, with expectations of falling inflation, robust growth, and potential interest rate cuts. This marks the highest level of confidence since July 2021, reflecting a trend of growing optimism. Key indicators such as revenue growth, capex plans, and hiring intentions paint a promising picture, with a majority of CEOs foreseeing positive developments in the months ahead. Key notes include: Revenues. 71 percent of CEOs now expect boosted revenues over the next 12 months, down slightly from 72 percent last month. Profits. The proportion of CEOs who expect profits to improve over the course of the next year pulled back to 56 percent from 65 percent in February. Capex. 50 percent of CEOs now say their capital expenditures will increase in the year to come. This measure is up 11 percent since last month and the highest proportion planning capex growth since June of last year. Hiring. The proportion of CEOs planning to increase their company’s headcount is down only one percentage point since last month, now at 55 percent. Full info and report here: https://lnkd.in/gaCANDjX #economicoutlook #CEOconfidence #businessoptimism

4 Growth Strategies CEOs Can Use Now to Get Ahead | Vistage CEOs can use these 4 growth strategies to help bridge the gap between today’s economic stagnation and the acceleration ahead. https://bit.ly/4bUew5n

Looks like Steve Forbes of Forbes has been reading my posts (https://lnkd.in/eGq-FG4q)! He mirrors my previously posted thoughts on the unreliability of the government data, and explains far better and more succinctly than I could on why that data is suspect, and why the economy is headed in the wrong direction. #economy #recession #jobsreport #employment #data #governmentdata #business #investment #fed