Today’s top priorities of CEOs, Boards, and CFOs
July 14, 2023
Gartner has conducted important research on the leadership vision for CFOs, Boards, and CEOs in 2023. In this report, Gartner aims to address the following questions:
- What are the top corporate risks and senior leadership priorities?
- What is the path forward?
- What are CFOs’ top 5 priorities for 2023?
Their research has resulted in 20 risk areas:
- New Extreme Weather Events
- Climate Activism
- Critical Infrastructure Failure
- ESG Implementation Challenges
- Financial Planning Uncertainty
- Stagflation Expectations
- Overzealous Cost Cutting
- Key Material Shortages
- Wage-Price Spiral
- Currency Volatility
- Market Effects From Higher Borrowing Costs
- Personal Data Regulatory Fragmentation
- Cloud Concentration Risk
- Escalation of Conflict in Europe
- Evolving Sociopolitical Expectations
- Taiwan and Pacific Commerce Interference
- China Trade Tensions
- Decline in Employee Productivity
- Workforce Planning Uncertainty
- Increased Employee Leverage
This Gartner report goes a level beyond the CFO vision as it is titled by also offering priorities of boards for 2023.
The results of what boards are prioritizing include:
- Boards expect to increase their risk of appetite this year into the next
- Boards see a recession and economic uncertainty as their biggest challenges to growth
- Boards are beginning to agree we are living in a post-digital world, meaning digital is now baked in and no longer a strategy
Gartner does not leave the CEO sentiment out of this report. It includes the top CEO's strategic business priorities.
The CEO priorities identified by Gartner include:
- Growth
- Workforce Management
- Technology-related
- Corporate changes
- Financial Management
- Products and services
- Environmental Sustainability
- Cost Management
- Customer
- Inflation Management
- Innovation and R&D
- Supply Chain Improvement