Inside the Mind of the CEO
12/18/10 Filed in: Strategy
The Western world is stuck in a “new normal” marked by sluggish growth and a hesitancy to invest, as today’s CEOs have been “shellshocked by crisis,” writes Monitor co-founder Joseph Fuller in an article for Newsweek.
“It is not just the world that’s uncertain, it’s the managerial class itself that has lost confidence in its ability to make decisions in a world shaped by volatility and shock,” Fuller writes. As a result, companies are making conservative, incremental investments and changes, or marshaling cash in fear of scarce access to financing.
While this has significant implications for the global economy, it also represents a huge opportunity for CEOs who are able to “stare down their fear and act,” Fuller writes. “The ‘new normal’ has changed the nature of opportunities, not proscribed them. The greatest opportunity may come to those whose competitors are still stuck in their paralysis.” Read more...
“It is not just the world that’s uncertain, it’s the managerial class itself that has lost confidence in its ability to make decisions in a world shaped by volatility and shock,” Fuller writes. As a result, companies are making conservative, incremental investments and changes, or marshaling cash in fear of scarce access to financing.
While this has significant implications for the global economy, it also represents a huge opportunity for CEOs who are able to “stare down their fear and act,” Fuller writes. “The ‘new normal’ has changed the nature of opportunities, not proscribed them. The greatest opportunity may come to those whose competitors are still stuck in their paralysis.” Read more...