Survey finds China CEOs preoccupied with expansion

A survey announcement released by the Conference Board and Ernst & Young reveals that China's CEOs are mainly preoccupied with business growth, revenues and profits. By contrast, the survey showed that CEOs in Europe are mainly concerned with business speed, flexibility and adaptability, while in the United States top management are primarily concerned with the consistent execution of strategy. Other findings in the survey suggest that CEOs in Asia consider profit growth to be the most important business concern.

The study, which included 658 chief corporate executives from 40 countries, shows that, although risk management is a global issue, CEOs in China do not see it as a serious challenge. According to Eric Chia of Ernst & Young, this lack of concern could be problematic, given that “risk management is a systematic and structured way of aligning an organization's approach to risk with its strategy.”