Cypriot CEOs Pessimistic On Revenue Growth - Survey
Cypriot CEOs are pessimistic about their companies’ prospects for revenue growth over the next 12 months, according to the 15th Annual Global CEO Survey by auditing and tax firm PriceWaterhouseCoopers.
Only 6% of the respondents stated “very confident” in contrast to the global and Eurozone percentages that reached 40% and 22% respectively. Cypriot CEOs are even more reserved as regards to their growth prospects for the next 3 years with 45% of the responds stating that they are “not confident at all”.
The study is PwC's first dedicated Cyprus CEO survey and includes the views of 31 Cypriot CEOs.
As an effect of the economic crisis, businesses are forced to proceed with changes in their strategies. 52% of the CEOs stated that they anticipate changes in their strategy over the next 12 months while 13% stated that these changes will be fundamental.
Within the next 12 months CEOs expect changes in a number of areas within their business such as in the focus placed on corporate reputation and rebuilding trust, in risk management approach, in capital investment decisions, technology investments, organisational structure etc.
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