4 key challenges for CEOs in 2017

by Evan Davies, Chief Executive - QLD, VIC & NZ | |   Managing People
4 Key Challenges for CEOs in 2017

CEOs face new and different challenges every year, from adapting to new technological advances and political changes to recruiting top talent in a changing job market.

In a recent CEO Institute Syndicate meeting, we asked CEOs to share their predictions on the challenges CEOs will face in 2017. The summary of insights gives a good starting point to plan for a great year in 2017:

  1. Offering flexibility

    CEOs will be challenged by an increasingly mobile and transient workforce. Young professionals are increasingly demanding greater flexibility in both their work and personal lives. They are also looking for greater development opportunities within the company.

    CEOs should focus on engagement, development and fostering a flexible environment for people to deliver their best work. Rather than dictating the culture, CEOs should enable their employees to build it.

  2. Moving fast enough

    Speed is a key challenge. Whether it's execution of ideas, changes in the market and consumer behaviour, or the 24-hour cycle of news and social media, businesses that are fast to respond increase their chance of growth and success exponentially.

  3. Genuinely connecting with customers

    Staying focused on the customer and serving their needs continues to be a staple challenge for businesses. To do this, CEOs must continue fighting the urge to be lured by the latest and greatest shiny new thing and navigating through a myriad of ways to connect, engage and communicate with our customers online.

  4. Cybersecurity and hackers

    Information security will continue to be a major concern for CEOs in 2017. We've all seen a rise in increasingly sophisticated methods that hackers use to gain login credentials, sensitive data or money from their victims. Cyber security is no longer a concern solely for the IT department.  Everyone in an organisation, right up to the CEO, must remain vigilant to protect against breaches.

The CEO Institute was founded in 1992. It is now Australia's leading membership organisation for CEOs and senior executives. It provides a forum for over 1,000 Chief Executive members to connect and share their learning with each other. In 2011, The CEO Institute became the world’s first global certification body for CEOs, and in 2013, partnered with UNESCO in support of the "Malala Fund for Girls' Right to Education". In 2014, they began offering their programs globally.
The CEO Syndicate is an exclusive peer support network for CEOs. The first meeting of The CEO Syndicate program was held in Melbourne in June 1992. Offices were opened in Adelaide in 1996 and Sydney and Brisbane in 1997, with Perth launching in 2007. In 2015, the New Zealand office opened.
The Future CEO program is a certification course designed by the business leaders of today for the business leaders of tomorrow. The first Future CEO meeting was held in Melbourne in May 2012. In 2014, the "Future CEO Scholarship Fund for Women" was established, and continues to be offered today.

Membership of The CEO Institute is by invitation only. To register your interest, click enquire.





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