McKinsey Global Survey: 'Executives' Confidence Is Tenuous'
09/17/2010
Although executives might seem bullish, McKinsey's results show that their "confidence is tenuous." Only 55 percent of executives say economic conditions will improve, but 61 percent agreed with that statement last September. Optimism on the current behavior of the economy has noticeably suffered, with 10 percent fewer respondents saying the economy is improved. In North America, that level dropped 16 percent.
The recession has made itself felt with fundamental changes in organizations. Executives say they are more attuned to market changes, have bolstered risk management, and are more aware of costs. More than half of surveyed executives have changed their criteria for investment decisions, typically by heightening due diligence standards.
Overall, most respondents do not anticipate permanent changes in the work force size or geographic location of their companies. For full survey results, visit McKinsey Quarterly.
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024