Czech CEOs: Growth will come within three years

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The PwC consulting company published the results of already the fourth study called the Czech CEO Opinion Survey. This year 109 Czech representatives participated in the survey, which is related to the global CEO opinion survey.

The survey showed that Czech CEOs expect their revenues to grow again within three years. The CEOs also realize that they must start preparing for this growth already today. Compared to the rest of the world, however, the Czech CEOs are more pessimistic. This year only 22 % of Czech CEOs are sure of their growth, whereas the global average is 36 %.

The key findings of the 2013 Czech CEO Opinion Survey

  • 90 % of CEOs believe that their company’s revenues will grow within three years.
  • 60 % of CEOs would like to make major changes in the customer acquisition and retention strategy.
  • 48 % of companies intend to finance growth this year through bank loans.
  • 33 % of CEOs see the main opportunity for growth beyond the borders of the Czech Republic.
  • 49 % of those surveyed intend to save costs this year as well.
  • 78 % of CEOs are still worried about the unstable global economy.
  • 37 % of CEOs have considerable fear of a lack of key skills on the market.
  • 78 % of CEOs want tax benefits for innovations.
  • Only 15 % of CEOs involve employees in strategic decisions.
  • Only 10 % of CEOs believe that the Czech government is decreasing the administrative burden of companies.

You can read the survey results in more detail on PwC’s website here: http://www.pwc.com/cz/cs/ceo-survey/assets/pdf/pwc-cesky-pruzkum-nazoru-generalnich-reditelu-executive-summary-2013.pdf

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Article source PwC Czech Republic - Czech branch of PricewaterhouseCoopers (PwC), the international network of professional services companies providing audit, tax and advisory services.
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