BALTIMORE – Stanton Chase International, a retained executive search firm with 73 offices in 46 countries, has launched its annual Global Industrial Survey, It has been distributed to senior industrial-sector executives and thought leaders throughout the world to highlight and identify trends, challenges and market issues impacting their businesses.
The survey can be accessed through:
Stanton Chase 2014 Global Industrial Executive Survey
The deadline for participation is June 30, 2014. The survey data, conclusions and results will be compiled into a white paper that will be sent to participants. Last year’s survey data was compiled into a valuable document, titled “Leadership Strategies for Accelerating Growth.”
“Last year’s survey identified a wide range of issues that affect our global economy,” said Mickey Matthews, Vice Chairman of Practice Groups and Global Industrial Practice Leader for Stanton Chase. “These findings proved to be helpful not only to our clients, but also to academicians, economists, and those operating international businesses in this sector. We anticipate that some of the findings will be similar to last year, but we also expect new results that we couldn’t predict without going directly to the source. With our global footprint, we will once again obtain valuable information from professionals on every continent that will allow business executives to make impactful, knowledgeable decisions for their organizations.”
The 2013 survey canvassed more than 500 C-level industrial sector executives on a wide range of topics. They pointed out several key trends. The most critical, is that globally there is a significant “leadership shortage” throughout the world.
“This shortage will result in companies recruiting top talent from each other as a way to remain competitive,” said Matthews. “This situation also puts a premium on education and training so that recent graduates can advance through the ranks at companies.”
Other findings from last year included:
- A shift away from growth by acquisition, and towards organic growth driven by investments in core business, new products, new markets.
- High priority Investments in technology which appear to be driven by goals in core competency development, enhancing the customer experience, and continuous improvements in quality/efficiency.
- The beginnings of a trend to re-shoring – the relocation of some manufacturing back to home country locations.
“Our global economy requires all of us to be aware of trends in other countries and cultures so that we can respond and adapt to these rapid changes sector,” said Matthews. “We are confident that this year’s survey will provide valuable content that will aid leaders in making thoughtful and strategic decisions while concurrently being a catalyst for further discussion.”
Aerospace & defense, automotive, chemical, engineering, construction, industrial components & equipment, mining, oil and gas, and pulp, paper & packaging are among the targeted sectors.
In addition to asking “what keeps these senior executives awake at night”, some of the issues to be addressed in the survey include:
- Geographic and sector prospects for growth
- The possible emergence of the after-market services business
- Managing the importance of technology
- Leadership availability/shortage of talent
- Characteristics most valued in hiring executives