European CEOs have learned from past financial crises and recognize that it is essential to think of new and sustainable strategies to capitalize on the opportunities.
European CEOs identify investing internally to boost operations as extremely important. Risk isn’t only about extraordinary events; day-to-day operational failures can also lead to losses, regulatory action and reductions in share prices. Operations such as finance, accounting and supply chain have emerged as the top priority area of investment for European CEOs.
Businesses need to ensure ESG processes are moved to the center of business strategy. Sustainability – including net zero and other environmental issues, as well as societal priorities – is one of the key areas that European CEOs identify as a need for more investment.
With significant movement of talented people in the Great Resignation and “quiet quitting,” CEOs understand the importance of retaining talent and upskilling them for the future. Offering people attractive career pathways, the flexibility of hybrid working, ongoing opportunities to grow and learn, and value-oriented work is essential in today’s market.
Meanwhile, for CEOs, financing will continue to be a challenge as a result of increased capital costs that will likely persist, hindering growth plans. Here are some European CEOs who are navigating these challenges and rising above all odds.