When asked to rank their top marketplace challenges for 2001, chief executives chose changes in the type and level of competition, the impact of the internet, and industry consolidation. The closeness of the results for these three categories reveals how closely intertwined they are in the minds of the survey participants. There are, however, major regional differences. Respondents from North America rank shortage of key skills as their top concern, while executives in Europe select the impact of the internet. In Asia-Pacific, CEOs consider changes in the type and level of competition the number one challenge by an overwhelming margin.