2007 NYSE CEO Report Finds Corporate Leaders Primarily Value People for Growth :: Business Articles and Info

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2007 NYSE CEO Report Finds Corporate Leaders Primarily Value People for Growth
Added: 08/15/2006 Type: Summary Viewed: 207 time(s) [ Not Rated Yet ]

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2007 NYSE CEO Report Finds Corporate Leaders Primarily Value People for Growth

NYSE Group, Inc. today released the findings of its 2nd Annual NYSE CEO Report conducted by Opinion Research Corporation. Perspectives of top leaders of more than 200 of the world’s best companies suggest that the rules for corporate success are changing. Covered issues in the 2007 survey ranged from growth opportunities and risks to technology ROI, regulatory compliance, globalization, human capital and reputation management. According to Noreen Culhane, Executive Vice President of the NYSE Group, "The 2007 NYSE CEO Report provides the valuable perspective on issues facing CEOs around the world and is a benchmark for gauging expectations for tomorrow’s business climate."

partially unfulfilled promise of technology

More than three-fourths of CEOs (76%) viewed management teams as having the greatest impact on their organization’s revenue growth, with new technology (63%) and new product development (62%) vying for second place. According to Jeffrey T. Resnick, Executive Vice President and Global Managing Director of Opinion Research Corporation, "A key underlying message in the 2007 report is one of valuing people. CEO’s today clearly recognize that organizations must be living, breathing organisms whose success depends on the cumulative actions and passions of the people that bring a company to life."

Other significant themes include what Resnick refers to as the "partially unfulfilled promise of technology," globalization of operations and the challenging regulatory environment. While 6 in 10 CEOs expect spending on technology to increase in 2007, only one-fourth claim the ROI of their organization’s technology investments have fully met or exceeded their expectations. Despite U.S. uproar about job loss, 77% of CEOs who have moved operations offshore claim the switch was successful and have no plans to repatriate. Nearly half of U.S. based businesses cited a 100% increase in compliance costs stemming from the Sarbanes-Oxley Act, with almost four in ten (39%) reporting that these costs have come at the expense of efforts to grow the business. Thirty percent of all respondents cite more engaged board members and improved investor confidence as positive outcomes of the more stringent regulatory environment.

As Resnick says, "This study reflects that CEOs increasingly recognize the importance of people in achieving sustainable growth, which is the key to their long-term success."

The full survey findings can be downloaded from www.opinionresearch.com or www.nyse.com/ceoreport.

About Opinion Research Corporation

Founded in 1938, Opinion Research Corporation has been an industry innovator for nearly 70 years, delivering actionable insights to solve the toughest market research challenges of clients worldwide. The company conducts commercial market research programs as Opinion Research Corporation in the US and as ORC International outside the US. It also operates ORC Macro, a subsidiary specializing in social research programs for government agencies. The company is publicly traded with annual revenues approaching $200 million.

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