43% of senior managers doubt that their (companies) leadership has a credible plan to address the economic crisis
46% are not sure that their leadership could carry out the plan, credible or not
75% of senior executives worldwide consider their companies to be financially strong despite the recessionary conditions
54% of the respondents expect the crisis to ultimately have a positive impact on their company
85% of respondents in India believe their company is financially strong and nobody thinks they need urgent financial support
65% high number of hard-hit companies worldwide are not doing enough to ensure their own survival
25% of companies that state they are financially strong are not taking advantage of opportunities to improve their position in the crisis
•The survey found companies optimism does not square up with their balance sheets and there is a disconnect between many companies' financial/competitive position and strategic response
• The CEOs of leading global companies need to rethink their strategies, as there liquidity positions are precarious after there debt-fuelled growth binge wherein firms had chased valuations rather than old fundamentals of revenues
• The survey captured responses from managers in 65 countries, including India, UK, Switzerland, North America and Western Europe