Recently a fight broke out among the board of JCPenney about the retail giant’s future and who should lead it. Hedge fund activist Bill Ackman wants the board to find a long-term replacement for Mike Ullman, who was brought back from retirement after the board fired former Apple marketing executive Ron Johnson last Spring. The retail giant, still tumbling from earlier management shake-ups, now faces a gun-to-our head succession process. The outcome will not be pretty.
The absence of revenue growth is driving a disconcerting trend lurking beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp to Wendy’s Co., says Moneycontrol.com: “More than three years into the recovery, CEOs are still relying on cost cuts to prop up earnings.”
Maybe it’s too soon to pop the champagne corks for Yahoo’s Marissa Mayer, but there are signs. People are spending more time on Yahoo’s flagship website. Talented engineers and entrepreneurs are coming to work for the company. Investors are adding its long-languishing stock to their portfolios again. When Yahoo lured Marissa Mayer away from Google to become its CEO last year, people inside and out held their breadth. Her early success offers lessons for other leaders.
Why are business leaders –even those who consider themselves of high integrity–prone to ethical missteps? What can organizations do to protect themselves from possible lapses? And don’t kid yourself by thinking, “It can’t happen to me.”
“As General Motors chief executive Dan Akerson sees it, Tesla Motors has the potential to be a disruptive force to the automotive industry,” reports the Washington Post “and he doesn’t want to be caught off guard.” To its credit GM (finally) is aware of developments beyond its walls. But are you taking appropriate steps with respect to disruptive innovation?
For the past 30 years pharma has thrived on big molecule breakthroughs and savvy marketing, but that model has been challenged by an environment of skyrocketing health care spending, rising development costs and intensifying competition from generics. Clearly, pharma needs a way to rethink its business—change its DNA—and re-invent and renew itself by rethinking the entire end-to-end value chain.
Four years after the official end of the Great Recession, economic recovery has been anemic culminating in the lowest labor participation rate in decades. But the U. S. does not have to resign itself to sluggish growth. Game changers: Five opportunities for U.S. growth and renewal, a new report from the McKinsey Global Institute (MGI), identifies specific catalysts that can add hundreds of billions of dollars to annual GDP and create millions of new jobs by 2020.
At 27, she inherited a CEO role—and the job of taking a milk product mainstream.
Chief executives around the world are gearing up their efforts to innovate and find new ways to do business, in order to stimulate growth in a challenging global business environment. According to a PwC Pulse Survey of 246 CEOs in North and South America, Europe, Asia Pacific, and the Middle East reveals that 97% of CEOs see innovation as a top priority for their business. The Pulse Survey was conducted as a follow-up to the recent PwC CEO Survey of 1,330 CEOs around the globe which showed innovation to be a major and lingering CEO concern.
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.
