Mid-Market CEOs Share Views on Health Care, Jobs and Business Conditions

CEO Connection LogoCEO Connection, for which I serve as Chief Relationship Officer, just released the results of its May Mid-Market Index. The CEO Connection Mid-Market Index is the only monthly poll designed to determine and regularly represent the thoughts, issues, and levels of confidence of CEOs of mid-market companies (roughly $100 million to $3 billion in revenues). It provides valuable data from the perspective of the mid market C-Suite; a perspective that is important and deserving of attention but usually lost among small business surveys and Fortune 100 reviews.

This survey is administered and analyzed by The NPD Group, experts in consumer market research, reports and analysis:

Were you surprised by any of this? Would you say your perspective is similar to these mid-market CEOs? Please share in the comments!

CEO Connection is the only membership organization in the world focused exclusively on mid market CEOs.

The organization connects thousands of mid-market CEOs and rising CEOs with each other and to people, information and resources which will help them succeed. Members are C-level executives with responsibility for all or significant portions of their respective company. They represent a wide variety of businesses across a broad geographic spectrum. The average size of the companies they run is $1.8 billion in annual revenue and 7,600 employees. It is all about CEOs helping CEOs.

Email me at [email protected] if you’d like to learn more or apply for membership.

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The Introvert's Guide to Success in Business and Leadership

The Introvert's Guide to Success in Business and Leadership

Are you an introvert looking to use your introversion to your advantage in business & leadership or an extrovert interested in leading introverts more effectively? I wrote this eBook for you…

The Introvert’s Guide to Success in Business and Leadership” eBook is NOW Available! Now an Amazon Best Seller & Hot New Release, Featured on Huffington Post, and the inspiration behind my Harvard Business Review article!

BUY Now on Amazon for Kindle or Buy it at B&N for Nook! 

Click here to DOWNLOAD in PDF format. Thank you!

Being an introvert is truly an advantage in business and leadership if you know how to leverage it, and if you remain true to yourself.

Mid-Market CEOs Reveal Which Party they Want Elected in November

CEO Connection LogoIn this month’s CEO Connection Mid-Market Index, members spoke loudly and clearly in regard to which potential outcome of November’s election would have the most positive impact on their industry:

  • Fully 66% of the respondents said a Republican victory in the White House would have the most positive impact on their industry
  • 53% of respondents said a Republican president and Republican-controlled congress would have the most positive impact
  • 13% said a Republican president and split control of congress would have the most positive impact
  • Only 22% of respondents said an Obama re-election would have the most positive impact on their industry

At the same time, when asked about the availability of credit:

  • 30% of respondents said it was getting better, a positive sign
  • 4% said it was getting significantly better
  • 55% said the availability of credit had remained unchanged
  • Yet 10% said availability was either worse or significantly worse

 Encouragingly, when asked to describe current business conditions in their industry compared to last month:

  • 38% said they were better
  • 2% said they were significantly better
  • 45% said they’d remained unchanged
  • While 15% said they’d actually gotten worse

Finally, when asked whether they were considering relocating any operations to a lower-tax country, state or municipality:

  • 11% said they had already done so
  • 29% said they were either considering it or strongly considering it
  • A full 59% said they were not considering it

I asked Carol Roth, New York Times Bestselling Author of The Entrepreneur Equation and  regular contributor to CNN, Fox Business and MSNBC, for her interpretation of these results:

“It is compelling, although not surprising, to note that the majority of business owners and leaders are seeking a change in our country’s leadership, starting with the President.  I think this sentiment reflects that the current administration has a mindset that prioritizes entitlement over innovation and self-reliance, a mindset that is in direct conflict with the very nature of the capitalist system that American CEOs and business leaders both respect and nurture.”

What’s your interpretation? Post Publishing Update: I’m receiving a lot of email comments today. It’s ok to find these results surprising (to be honest, I did) or to disagree with Carol’s interpretation. Please feel free to comment here on the post – I’d love to hear your views!

The CEO Connection Mid-Market Index is a CEO Connection project in collaboration with CEO Magazine, Edelman, WCG, Heidrick & Struggles, PrimeGenesis, The Segal Company, President and CEO Magazine, and The Wharton School. The mission of CEO Connection is to help mid-market CEOs and rising CEOs succeed. Mid-market companies, generally those with revenues between $100 million and $3 billion, are essential to the global economy as their $3.84 trillion annual contribution to the U.S. private sector GDP alone ranks them as the equivalent of the world’s fourth largest country.

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The Introvert's Guide to Success in Business and Leadership

The Introvert's Guide to Success in Business and Leadership

Are you an introvert looking to use your introversion to your advantage in business & leadership or an extrovert interested in leading introverts more effectively? I wrote this eBook for you…

The Introvert’s Guide to Success in Business and Leadership” eBook is NOW Available! Now an Amazon Best Seller & Hot New Release, Featured on Huffington Post, and the inspiration behind my Harvard Business Review article!

BUY Now on Amazon for Kindle or Buy it at B&N for Nook! 

Click here to DOWNLOAD in PDF format. Thank you!

Being an introvert is truly an advantage in business and leadership if you know how to leverage it, and if you remain true to yourself.

 


Optimism and Insights from Mid-Market CEOs about Business Growth

Optimism about Business GrowthAs Chief Relationship Officer for CEO Connection I receive the results of our monthly Mid-Market Index, “A monthly poll designed to determine and regularly represent the thoughts, issues, and levels of confidence of CEOs of mid-size companies with $100 million to $5 billion in revenues.”

We believe the Index provides valuable data from the perspective of the mid-market C-Suite; a perspective that is important and deserving of attention but usually lost among small business surveys and Fortune 100 reviews. Mid-Market companies are a bellwether of the economy, offering insight into real growth in all regions of the world.

The organization also believes these companies are essential to the global economy. Their $3.84 trillion annual contribution to the U.S. private sector GDP alone ranks them as the equivalent of the world’s fourth largest country.

Because of their importance I wanted to share with you results of our most recent surveys:

1. The CEO Connection Mid-Market Index reveals that CEOs of these companies agree with Starbucks’s Chairman and CEO Howard Shultz that business leaders must be catalysts for change.

  • Nearly nine out of 10 mid-market CEOs (87 percent) believe business leaders must be catalysts for change and (42 percent) would be willing to accelerate hiring at their own companies.

2. Mid-Market companies overwhelmingly believe that a downgrade of the major European economies by Standard and Poor would have little to no impact on their businesses.

  • Nearly eight out of 10 surveyed CEOs (80 percent) believe if Standard & Poor’s downgrades Europe’s biggest economies it would have little to no impact on their businesses.

3. Mid-Market CEOs are increasingly optimistic.

  • The large majority (83 percent) said business conditions in their industry this month were the same or better than last month and 24 percent indicated that business was better or significantly better in their industry this month compared to last month. This is up from the November Mid-Market Index, when 75 percent responded that business was the same or better and only 13 percent indicated that their business was better of significantly better.

4. Mid-Market CEOs have confidence in their ability to grow organically in 2012.

  • A majority of CEOs surveyed (56 percent) intend to grow their business organically in 2012. This expectation of growth may be fueled by their confidence in their industries.

If the mid-market truly is a bellwether for the direction of business in 2012, we can all feel optimistic about the potential for growth. Are you optimistic, and if so, why?

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The Introvert's Guide to Success in Business and Leadership

The Introvert's Guide to Success in Business and Leadership

Are you an introvert looking to use your introversion to your advantage in business & leadership or an extrovert interested in leading introverts more effectively? I wrote this eBook for you…

The Introvert’s Guide to Success in Business and Leadership” eBook is NOW Available! Now an Amazon Best Seller & Hot New Release, Featured on Huffington Post, and the inspiration behind my Harvard Business Review article!

BUY Now on Amazon for Kindle or Buy it at B&N for Nook! 

Click here to DOWNLOAD in PDF format. Thank you!

Being an introvert is truly an advantage in business and leadership if you know how to leverage it, and if you remain true to yourself.

Photo is Old Growth Forest by wackybadger.