Corporate Executive Board Announces Findings from Second Quarter Business Barometer Survey of Senior Executives.Seventy-Nine Percent of Senior Executives Anticipate Increasing Cost Pressure at Their Organizations in the Next Twelve Months WASHINGTON -- The Corporate Executive Board Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EXBD) today announced the second quarter results of its Business Barometer survey of business conditions at the world's largest organizations. The Barometer takes advantage of the Corporate Executive Board's access to a unique membership of senior executives by evaluating 28 leading indicators Leading Indicator A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators are used to predict changes in the economy, but are not always accurate. of business performance across sourcing, manufacturing and distribution functions. Faced with heightened economic uncertainty, senior executives maintain a positive growth outlook, but nearly 80 percent anticipate increasing cost pressure in the next 12 months. While some companies are in outright cost-cutting mode, executives forecast increased capital expenditure and staffing levels. Key findings include: * Cutting Expenses Rather than Business Investment: While 50 percent of Chief Financial Officers anticipate lower General & Administrative expenses, more than 60 percent forecast higher capital expenditure levels. Sixty-three percent of Chief Information Officers forecast growth in discretionary IT-related capital expenditures. * Cost Pressure Most Acute in Frontline front·line also front line n. 1. A front or boundary, especially one between military, political, or ideological positions. 2. Basketball See frontcourt. 3. Football The linemen of a team. Functions: Anticipated cost pressure is most acute in customer- and supplier-facing functions such as Supply Chain, Procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , and Sales; more centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. staff functions such as Finance and IT forecast more moderate increases in cost pressure. * Increasingly Competitive Customer and Labor Markets labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience : Nearly 60 percent of Heads of Sales anticipate increased reliance on discounts or financial incentives in the next 12 months, while 51 percent of Chief Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Officers expect an increase in unwanted staff turnover. Corporate Executive Board Senior Director Michael Griffin Michael Griffin can refer to:
More than 350 senior executives at the world's largest organizations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Australia participated in the Corporate Executive Board's Business Barometer survey in May 2007. About the Corporate Executive Board The Corporate Executive Board Company (NASDAQ: EXBD) is a leading provider of best practices research and analysis focusing on corporate strategy, operations, and general management issues. EXBD provides its integrated set of services currently to more than 3,700 of the world's largest and most prestigious corporations, including over 80 percent of the Fortune 500. These services include best practices research studies, executive education seminars, management implementation toolkits, customized research briefs, and Web-based access to a library of over 300,000 corporate best practices. |
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