ENABLING ENTREPRENEURSHIP RANKS SIXTH AMONG CEO CHALLENGES

Along with the primary research i4cp does, we also have a massive database of articles, survey results, best practices and corporate examples from third parties (called the InfoBank). Here is one such excerpt from the Creativity and Innovation InfoBank (available to members only) that talks about some of the challenges facing CEOs:

Stimulating innovation and creativity and enabling entrepreneurship is one of the top 10 challenges facing CEOs, with nearly one-fourth (23.9%) choosing it as the challenge “of greatest concern,” according to the CEO Challenge 2006 survey from The Conference Board. Overall, the 658 leaders responding to the survey placed stimulating innovation/creativity/enabling entrepreneurship sixth in the ranking of 91 challenges, with leaders from Europe ranking it fifth and those from Asia ranking it ninth. By industry, it was sixth on the list of challenges for both manufacturing and financial services firms.

Product innovation also figured prominently in the list of top 10 challenges. It was in ninth place overall, with 20.8% of respondents citing it as the challenge of greatest concern, and it ranked sixth among both U.S. and European CEOs. Respondents from the manufacturing sector ranked it fourth. (CEO Challenge 2006: Top 10 Challenges [The Conference Board], 2005, pp. 3, 5, 9)