Eurozone debt crisis has started impacting the large corpoartes in missing their targets both top line and bottom line and over 68% of CEOs feel restlessness in fulfilling their commitments due to uncertainty in business, reveals The Associated Chambers of Commerce and Industry of India (ASSOCHAM) survey.
Only 22% of Chief Executive Officers of domestic business with the given turnover target succeed in countering their resistiveness and fatigue in a bid to achieve their yearly targets in the context of current economic slowdown, adds the ASSOCHAM survey on “Current Business Scenario makes CEO’s stressful” participated by 300 senior business executive.
According to the chamber, 78% CEOs continue to reel under tremendous stress and fatigue to deliver desired results in limited time at their disposal and make adjustments both on margins of their top line and bottom line profitability.
The survey in which, of 300 CEOs of public and private sector companies, having affiliation with the Chamber, 150 CEOs responded that they get rid of their stress successfully through yoga, gym, sports such as golf and cycling, music and morning stroll.
While releasing the findings, the ASSOCHAM Secretary General, D S Rawat said that the CEOs in the age-group of 50-65, prefer to play golf, visiting nearby hill stations & safari parks to overcome their day to day stress and fatigue.
Rawat further added that the rising cost of funds and the increased government spending result in higher fiscal deficit, falling level of corporate governance resulting in delayed policy execution and project approvals has made the life CEOs stressful as they are unable to push forward the corporate goals and fight competition.
The survey also revealed that younger CEOs having age group of 30-45 are getting very health conscious compared to those that are in the age-group of 50-65. CEOs in the younger age group generally prefer to go to Gym, generally and even resort to cycling. Going to gym motivates and inspires them to take on pressures and better encounter stress and fatigue, emphasized the 52% of younger CEOs that participated in ASSOCHAM survey.
Over 82% CEO responded that the present day generate lot of pressures to achieve the ambitious targets especially when the global economy is facing financial crises & uncertainty and its impact on Indian economy has become visible, said that doing business as per organizational expectations has severely affected their daily routine and health adversely. Due to working so hard throughout the year, these CEOs do not find time to release their stress by resorting to exercises and other ways.
Interestingly the survey, said Rawat revealed that younger generation CEOs avoid seeking consultations from physicians and doctors, describing this exercise of no use as such consultation subject them to intake of antibiotics and other medicines having bad after effects. This lot resorts to doctors and physicians consultation when they develop symptoms of high blood pressure/hypertension, diabetes, indigestion and insomnia and life style disorders.
However, young entrepreneurs are choosing a new way to overcome the stress, i.e. by watching movies with families and friends during weekends, listening music and driving himself whenever they go for a vacation in the weekends.
Nearly 15% of CEOs take the stress a positive instrument to work harder even under stress as their experience suggest that the more one slogs, the results are delivered with higher productivity generation.
Over 40% CEOs are now moving towards new emerging ayurvedic treatments like naturopathy, massage, acupuncture, acupressure etc. and are becoming popular. According to ASSOCHAM, large metros and towns in the coming 5-6 years will have huge ayurvedic centers to suggest treatment for stress overcoming.
Most of the CEOs are opting for a proper balanced diet with the combination of fruit, cereal, eggs and brown bread in breakfast and lunch and dinner with little quantities of rice, vegetable curries, lentils, yogurt and fruit.