EXECUTIVES around the world are more upbeat about the prospects for business than they were a year ago, according to the latest Economist/FT survey of around 1,500 senior managers, conducted by the Economist Intelligence Unit (updated August 21st 2014). The balance of respondents who think that global business conditions will soon improve has increased from two percentage points to 18, though this is down from the beginning of 2014. There is some cause for concern. Over 55% of those surveyed who work in the energy industry think that the turmoil in Iraq will lead to higher oil prices in the next 12 months. Almost two-thirds reckon the Federal Reserve will raise interest rates.
The Economist/FT global business barometer is a survey conducted four times a year by the Economist Intelligence Unit in order to gauge trends in business confidence. Based on the responses of more than 1,500 senior executives, it measures overall confidence by looking at the balance of those who think global business conditions will improve over the next six months against those who expect them to worsen. Our interactive barometer allows you to track business sentiment over time. You can look at the results by region or industry. The “in focus” section highlights responses to topical supplementary questions each quarter. Note: Percentages may not add to 100 due to rounding.
All senior leaders taking new roles need to develop and implement a strategy to reinforce or reshape their leadership brand starting well before their official “Day One.” The author offers steps leaders can take to make sure they are starting off on the right foot.
What if a company built each component of its product from scratch with every order, without any standardized or consistent parts, processes, and quality-assurance protocols? Chances are that any CEO would view such an approach as a major red flag preventing economies of scale and introducing unacceptable levels of risk—and would seek to address it immediately. Yet every day this is how many organizations approach the development and management of artificial intelligence (AI) and analytics in general.
Rising polarization is unlikely to disappear anytime soon, and it can have severe ramifications for businesses, whether they take a public stance or not. However, by taking a selective and strategic approach, CEOs can reduce the harm of polarization first within their own companies.