Frontier -- Trends
CEOs: The Enemy Is Us
An epidemic of angst has broken out among the nation's entrepreneurs. Thirty-two percent of CEOs at small, fast-growth companies say their own ability to manage their business could be an impediment to growth over the next 12 months, according to a quarterly survey by PricewaterhouseCoopers. That's up from 28% a year ago and 10% in 1993, when the firm first asked about the issue.
Rapid technological change and the global economy seem to be the main culprits. Some 37% of CEOs of companies that do business abroad saw themselves as a possible liability, compared with just 27% of those that are solely domestic. And 39% of CEOs from high-tech outfits viewed themselves as a potential problem, compared with 23% of leaders of nontech businesses. Move over, Hamlet.By Alison Stein Wellner