LONDON, Jan. 20 /PRNewswire/ -- As the world economy emerges from the economic turmoil of 2009, businesses need to move away from survival mode to embracing new growth opportunities. The recession had a significant psychological impact on CEOs, but businesses cannot afford to stay cautious for too long.
"Energy and optimism are starting to rebound," says Frost & Sullivan Chairman David Frigstad. "Now is the time to think ahead. Obviously in a recession you don't have as much money, but caution causes companies to miss out on many excellent opportunities."
Frost & Sullivan's 2009 CEO Growth Survey found that the recession caused many CEOs to shift their focus from long-term strategies to short-term revenue generation and cutting costs. However, their top priority had not changed.
"I was pleased to see that, despite the economic conditions, top line revenue growth remained the most important objective for CEOs," says Mr Frigstad. "I think that really is where the CEO's leadership needs to be focused the most."
Mr Frigstad will be this year's event chair and keynote speaker for GIL 2010: Europe - The Global Community of Growth, Innovation and Leadership. He will examine the role of the CEO and the CEO's Growth Team in integrating growth, innovation and leadership as the centre of a company's DNA and growth strategy.
GIL 2010: Europe presents a unique forum for CEOs and top-level executives to examine their respective industry positions and benefit from a multitude of networking opportunities with cross-industry luminaries on best practices, tools and strategies. The congress will take place on May 17-19, 2010 at the Emirates Stadium in London.
"The real purpose of GIL is to focus on the CEO's number one priority, which is to drive growth in the company," Mr Frigstad says. "We are looking at growth, innovation and leadership as three of the essential elements to keep a company growing at a rapid rate."
This year's congress will also feature eight industry think tanks focusing on Frost & Sullivan's areas of industry specialisation – Aerospace & Defence; Automotive & Transportation; Chemicals, Materials & Food; Energy & Environment; Building Technologies & Security; Healthcare & Life Sciences; Information & Communication Technologies; and Industrial Automation. These will afford delegates the opportunity to collaborate with their industry peers, their own management teams and Frost & Sullivan's industry experts to brainstorm on how to steer growth effectively in a turbulent economy.
If you are interested in sponsorship and media partnership opportunities or would like additional information on how attending GIL 2010: Europe can support your business objectives, then send an e-mail to Chiara Carella, Corporate Communications, at email@example.com, with your full name, company name, title, telephone number, company e-mail address, company website and country.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
Head of Corporate Communications - Europe and Africa
Frost & Sullivan
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SOURCE Frost & Sullivan