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Top 10 Business Problems CEOs are Facing Today [Infographic]

By Jessica Wishart

    Fri, Oct 30, 2020 @ 11:00 AM Accountable Leaders & Teams

    At Rhythm Systems, we specialize in helping middle market companies achieve their dreams and goals.Top 10 Challenges Facing Today's CEOs We believe that we can make a big impact on the world by helping our clients be successful in bringing their vision to life. We do this by using our methodology, experts and tools to help clients break through barriers and remove obstacles to their success.

    In order to understand those obstacles better, we collected insights from over 900 CEOs about their biggest business challenges. We wanted to know what was keeping you up at night, and we found the results fascinating.

    Top 10 Business Challenges Facing Today's CEOs:

    Growth

    By far, the most common business challenge reported is related to growth.  CEOs worry about managing growth and growing predictably.

    People

    Next, CEOs are concerned about hiring, employee engagement, accountability, leadership and performance management.

    Profit

    Maintaining profitability and healthy cash flow is another very common theme from our middle market CEOs.  

    Sales and Marketing

    Consistently delivering sales and marketing results came up frequently as a top challenge.  How do you get the team to work cross-functionally?

    Execution

    Successfully executing new strategies, projects, and plans.  How do you organize and lead the change initiatives across the company?

    Alignment

    CEOs also report that aligning business units and people is a significant struggle.  Getting on the same page is hard and staying on the same page in the fast paced business world is even harder.  You need a system to keep the team aligned.

    Planning

    Developing the right strategic plan for future growth and effectively facilitating an effective planning meeting were among the top concerns.

    Communication

    CEOs additionally reported internal communication and collaboration as significant business challenges.  This is even more challenging during the times of remote work, where communication and alignment also suffer if you don't have an operating system for your business.

    Focus

    Focusing on doing the right things to achieve clearly defined results.  Priorities often change with changing business conditions, but management doesn't get their teams focused on the priorities for today, causing lots of re-work.

    Strategy

    Developing and executing the right product, customer and growth strategies is also a top of mind as a challenge for CEOs.  Many find extreme benefits in hiring a strategic planning facilitator for their expertise in getting an actionable strategy for the company and plans how to get there.

    Top 10 Business Problems facing CEOs

     

    In addition to these most familiar challenges, we also saw themes of consistency, scalability and innovation frequently come up in the responses. CEOs are bearing the brunt of the pressure to manage strategy, people and execution as well as keeping the company healthy, profitable, and growing. It's a tall order for anyone; even highly experienced and successful leaders have many of the same worries. If you are a CEO reading this list and nodding your head in agreement, know that you're not alone.

    What's keeping you up at night? Is it on this list, or is it something entirely different? Please make a comment to share your biggest business challenge.

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    Photo Credit: iStock by Getty Images

    Photo Credit: iStock by Getty Images

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