NEW YORK, Aug. 16 (UPI) -- Asian executives are concerned about boosting innovation, while their U.S. and European counterparts want sustainable growth, researchers said Monday.
Economists at the New York-based Conference Board, a private research group, said 51 percent of Asian chief executive officers say that stimulating innovation is their greatest corporate concern, while only 34 percent of Europeans and 28 percent of U.S. CEOs share that view. Asian executives also saw the hiring of top talent a priority for corporate success, a perspective that was not as popular with U.S. and European executives.
"The challenges Asian firms face in gaining greater speed, flexibility, and adapting to change ... largely arise from the lack of management bench strength and the inability of many Asian CEOs to systematically develop their organizational ranks," said analyst Kyung Yoon.
The finding was a result of surveying CEOs from 539 companies around the world.
But 52 percent of all CEOs surveyed said that sustained or steady top-line growth as being of greatest concern for corporate success.
