Professional Documents
Culture Documents
CEOs were asked to list the Six issues were seen as a Very
greatest challenges facing their Significant challenge for about a
organizations in ’08. As Yogi Berra quarter of the CEOs: Recruiting
said, “It’s deja vu all over again!” Quality Employees (28% Very
Significant), Improving Quality of
The Top Two Challenges for 2008
Marketing Efforts (26%), Developing
are exactly the same as last year:
New Products/Services (25%),
Increasing Sales and Handling Health
Retaining Quality Employees (23%),
Top 8 in ’08: Insurance Costs: Forty-seven percent
said Increasing Sales will be a Very
Developing a Cohesive Top
Management Team (23%) and
Significant challenge for their
The Challenge organization in 2008; 44% said
Handling Increasing Energy
Costs (21%).
Handling Health Insurance Costs
Ahead will be a Very Significant challenge.
The intensity level of each challenge
While Recruiting Quality Employees
continues to be a challenge in
is down slightly from last year when Northeastern Wisconsin, fewer
Increasing Sales and Handling Health CEOs view it as a Very Significant
Insurance Costs had 63% saying challenge for 2008. Over the past
Very Significant. year, unemployment has crept up
slightly and may have loosened the
While firms of all sizes indicate
job market - leading to a lessening
Increasing Sales will pose a significant
of some of the intensity with CEOs.
challenge in 2008, Handling Health
While unemployment is at about
Insurance Costs is a more significant
5.2% nationally, it is somewhat lower
challenge for firms with less than
in Northeastern Wisconsin. The
50 employees. More than half
Appleton MSA unemployment level
(51%) of employers with less than
was 4.3% in October; 4.5% in Green
50 employees termed the health
Bay. These rates are slightly higher
insurance challenge as Very
than ’07 when the Appleton had an
Significant; 39% of employers with
unemployment rate of 3.7% and
50-to-100 employees deemed the
Green Bay was at 3.9%.
challenge in the same light; 33% of
CEOs with more than 100 employees Improving the Quality of Marketing
see it as a Very Significant challenge. Efforts - while a less prominent
concern than Increasing Sales -
(When Nicolet Bank asked a similar
boasted 74% of CEOs indicating
question at the end of ‘05, Sales and
the challenge as Very Significant or
Market Growth was ‘Numero Uno!
Moderately Significant. Naturally,
Healthcare, surprisingly, showed up
marketing efforts are closely linked
only fourth!)
to sales outcomes.
Executive Summary:
End of the Third Quarter, 2007