This study reflects that CEOs increasingly recognize the importance of people in achieving sustainable growth, which is the key to their long-term success.
NEW YORK, N.Y. (PRWEB) August 15, 2006 -–
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.”
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.”
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. For more information, visit http://www.opinionresearch.com.
About New York Stock Exchange
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The NYSE is the world’s largest and most liquid cash equities exchange, providing a reliable, efficient marketplace where investors buy and sell listed companies’ common stock and other securities. Listed operating companies represent a total global market capitalization of over $22.9 trillion. For more information on NYSE Group, visit http://www.nyse.com.
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