When assessing the ever-changing data analytics vendor landscape, Soumendra Mohanty, VP with IT services and consulting firm Mindtree, reports that while consolidations have been occurring, the space is opening up thanks to big data, advanced analytics/machine learning and advanced data visualization.
Women are becoming majority owners of midsized businesses at a breakneck pace. Their rate of ownership grew at one-and-a-half times the national average between 1997 and 2014, according to the 2014 State of Women-Owned Business report commissioned by American Express OPEN.
Many mid-market business owners plan to expand globally, but feel constrained, saying they lack the tools to manage a global workplace. According to a recent ADP study, two in five midsized business owners say globalization has affected how they conduct their day-to-day business.
The middle market contributes vitally to our economy, whether it’s being responsible for trillions of dollars worth of output or creating millions of jobs. For these businesses to continue to grow, however, business leaders need to adapt to today’s dynamic environment.
If the U.S. middle market—which employs 32 million people—were a country, it would have the 4th largest GDP in the world, according to commercial lender CIT. In addition, it takes in more than $6 trillion in revenues and creates 25% of all U.S. jobs. Based on its size, it would not be difficult for the middle market to effect change, and when it comes to corporate taxes, that’s exactly what the collective group is trying to do.
A recent Deloitte survey asked middle-market executives to list their main impediments to U.S. growth. Rising healthcare costs came in second, after government budget challenges. And these increasing costs are having a challenging effect on midsized firms’ overall margins.
Globalization offers countless opportunities for companies to expand market share, and increase revenues and profits. But for businesses to operate seamlessly across borders, it’s critical their supply chains experience no disruptions.
When it comes to being a victim of cyber attacks, mid-market companies are finding that no business is too small for a hacker’s purview. With financial losses from security incidents rising 18% from 2013 to 2014, executives are working on doing whatever it takes to develop adequate safeguards. And many feel the federal government’s involvement may also help, particularly, among small to mid-sized businesses.
Guy Farrow spells out what it takes for a CEO to be an effective global leader
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
