Every year in October I have the pleasure of participating in the CEO of the Year Gala sponsored by Chief Executive Group. This year’s winner was Marc Benioff, CEO of Salesforce. His acceptance speech was both refreshing and inspiring – as was the moderated discussion he had with last year’s winner, Ken Frazier, former CEO of Merck. As part of the event, I participate in a CEO roundtable discussion with a theme that I help shape. The theme this year was envisioning possible futures. It was a great conversation captured in this article that was just launched by Chief Executive Group. I highly recommend this read. The article provides a view into what CEOs are thinking – with a series of quotes from the session – like the one below.Continue reading
In today’s world, the most effective CEOs recognize that no one is an island: no CEO, no company, no industry, no country. The lines have permanently blurred, and chief executives must embrace the opportunity to help shape our shared future — as enterprise leaders who are moving across and beyond — to influence entire ecosystemsContinue reading
The Purpose-Driven Corporation
I’ve had the pleasure of facilitating a CEO roundtable each of the last four years at the CEO of the year gala sponsored by Chief Executive Group. The 2021 winner was Merck’s Ken Frazier. This year, the roundtable explored the growing shift towards purpose. Specifically, the roundtable Topic was: “Purpose-driven: Implications for Strategy and Cross-Industry Collaboration”.Continue reading
Review of 2011 and Thoughts on 2012
2011 in my mind will be viewed as the launching point of a digital revolution. The momentum started in 2010 and kicked into overdrive in 2011. The rapid adoption of tablets and Smartphones fueled an aggressive development of mobile applications, while E-Book sales increased at a remarkable pace. Meanwhile, the world continued to go social in ways that few would have imagined. World leaders felt the power of Social Media, as revolutions expanded through the organizing power of Facebook and Twitter. Business leaders came to grips with the power of social media, as skepticism waned and social business turned the corner. Data continued to grow exponentially, expanding the gulf between available data and meaningful insight. Lastly, 2011 marked the year that cloud computing burst onto the enterprise landscape – In fact, 2011 may eventually be viewed as the year of the Cloud.
These factors combined to drive an aggressive digital expansion that in most cases happened through isolated initiatives driven by marketing. Businesses with indirect channels to market looked towards direct to consumer models. Regulated industries embraced the opportunity of social media, while addressing its risk. Customer experience became the mantra for many businesses, as re-inventing customer relationships topped most priority lists. New digital executive positions were created in response to growing questions about effective governance models. The notion of holistic digital strategies was in fashion again, and innovation and operating dexterity rounded out the top priorities for most executives in 2011.
Gartner Identifies Seven Major CEO Concerns CIOs Should Address
At the Gartner Symposium / ITxpo this week, Gartner identified seven major CEO concerns and suggests that CIO find ways to address them. These concerns portray a continued lack of confidence, and anxiety over the economic climate. The seven concerns are: