Stepping up to government & regulatory challenges.
"There is no reason to believe that the business impact of government policies is going to subside in 2014," Miles says. In the U.S., the full effects of the Affordable Care Act will begin to be felt; Europe will continue to watch for news from Brussels about policy in the EU. Of course, what happens in these markets creates ripple effects for industries from financial services to agribusiness to mining and petroleum. "Governments will be flexing their muscles in 2014, and companies will feel it," says Miles. Gauging carefully where to influence the political process and being as prepared as possible through scenario planning for government action will be critical activities for CEOs.
"CEOs face no shortage of tough challenges coming into 2014," says Stephen Miles, founder and chief executive of The Miles Group, which advises top CEOs and boards globally. "From our work with CEOs and boards this winter, we've identified the things that are front of mind for them this year."