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Attracting and retaining talent, regulatory environment, and intensifying competition top challenges in achieving company goals according to board members surveyed by Spencer Stuart

Top Challenges in Achieving Strategic Objectives According to Board Members
2016 (percentage of respondents)

Note: Data based on Spencer Stuart’s 2016 Global Board of Directors Survey covering 4,000 board members in 60 countries
Proof Point Findings:
  • Difficulty in Attracting and Retaining Talent – Four in ten respondents surveyed by Spencer Stuart identified attracting top talent as challenge in achieving strategic objectives, more common among private companies at 48%, compared to public with 38%
  • Regulatory Environment Concerns – Regulatory environment second most common challenge affecting companies, with more impact on public companies (43%) than private (32%), particularly in industries such as energy/utilities, financial/professional services, and healthcare
  • Intensifying Competition – Respondents also concerned about increased competition, with private companies more affected by domestic competitors while public companies keep eyes on players abroad
  • What About Technology? – Only 21% of board members called out Technology Trends as a top challenge for achieving strategic objectives
  • Key Drivers – Include increasingly competitive environment, continuous trend of globalization, lagging regulatory environment as governments fail to keep up with changes in business environment, and growing company demand for talent with relevant, up-to-date skills
Business Models and Practices: Effective Boards and Governance , Smart, Creative People
Sector: Cross-sector
Source: 

Date Last Updated: July 15, 2017

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