Setting a smarter course for growth, the PricewaterhouseCoopers 13th Annual Global CEO Survey, looks at what measures CEOs are taking in response to recession, how they view the post-crisis business environment and what changes they are making to adapt their organisations.

What did we learn? Business leaders had to make dramatic changes to their organisations and this painful experience has led many CEOs to rethink their approach to risk in an increasingly volatile world. CEOs now know they need to plan for volatility, so they can see risks coming, manage and mitigate them effectively, and position themselves for what follows.

To do that, CEOs have begun to reshape not only their strategies, but also their capabilities. It takes strategic flexibility to address risk at a deeper level. And it takes organisational agility to respond to volatility. That doesn't mean CEOs will become risk averse; rather, they may become more deliberate in examining alternatives, formulating a Plan B, and ensuring they can execute on it.

The result, we believe, will be a smarter course for growth, a resilient path that will produce a sustainable long-term benefits for organisations - along with their shareholders, employees, customers and communities - while accounting for a range of economic, social and environmental forces that comprise both threats and opportunities.

To download the UK Snapshot click here.

To view the full Global survey and hear full depth interviews with some of the worlds business leaders click here - pwc.com/ceosurvey