As they ride the tailwinds of tax reform and regulatory relief, U.S. CEOs are primed to pursue growth aggressively through mergers and acquisitions, overseas expansion and investments in innovation and collaboration. They are highly confident in their business prospects and their ability to disrupt the sectors in which they operate and confront risks head-on.
In fact, 77 percent are “very confident” in the growth prospects for their companies over the next three years, up from 46 percent a year ago. Thirty-six percent have a “high M&A appetite” and are likely to undertake acquisitions which will have a significant impact on their organization.
These emerged as key findings in KPMG’s 2018 U.S. CEO Outlook, based on a survey of 400 chief executives across all industries.
It's also evident from the survey that the robust economy, coupled with the digital and demographic changes that are transforming the business landscape and society, are creating invigorating yet formidable opportunities for growth.
Our researchers concluded that CEOs need to be flexible and agile, while at the same time adopting a new mindset and mindfulness—to move fast and decisively. They identified five ideas at the foundation of the new mindset:
I invite you to access the full report here, where you’ll find more data, insights and ideas to help your business succeed.
Lynne Doughtie is Chairman and CEO of KPMG LLP. Connect with her on Twitter:@lynnedoughtie