‘Data Blending’ Offers Competitive Edge for Mid-Market Firms
While all businesses need data, the insight and information gleaned from it are becoming increasingly critical to mid-market enterprises.
While all businesses need data, the insight and information gleaned from it are becoming increasingly critical to mid-market enterprises.
Contingent, contract and limited-time white-collar project workers are understandably more and more popular with big companies, which are watching head counts, and with small companies, which often lack the resources to make full-time hires.
Big-company CEOs increasingly are being strafed by activist investors and others for moving too far afield of their core businesses, and many are simplifying their organizations as a result. But mid-market chiefs and many of their counterparts at Fortune 1000 companies still have good reasons to move beyond their corporate core.
Big Data can be used to boost companies’ bottom lines without having to invest huge sums of money in expensive technology. And with more limited funds than their larger counterparts, this strategy would be especially beneficial for mid-market firms.
In two recent studies, one from The Hartford and another from Travelers, the majority of respondents consider cyber intrusion a major risk. Of mid-market firms in the Hartford study, 43% have already experienced a cyber attack. Yet, of those surveyed by Travelers, just 44% said they have the financial resources to recover from one.
How do middle-market companies secure the funds they need to grow without taking on too much debt?
The way women came to occupy the important role of the main “knowledge worker” at AskPower is an interesting case study in how even very traditional mid-market companies are becoming successful laboratories for cultural change that can elevate women in manufacturing settings and make companies better competitors.
The strong dollar has undercut export potential for just about every American company. But middle-market firms, in particular, seem to be weak in this area. A new report from American Express and Dun & Bradstreet found some strong but limited outposts for exporting. For example, just 10% of mid-market companies in Florida, the leading percentage, engaged in exports, followed by New Jersey, 8%; North Carolina, 7%; and Illinois, 6%. And these are the U.S.’ leaders.
Content marketing has become an integral part of most companies’ marketing strategies today. Yet while the initial surge was mainly by consumer-facing companies, B2B companies are picking up speed and finding success using content to draw clients in and build relationships.
Middle-market companies are feeling the talent squeeze more than larger companies, primarily because they are competing head on with their larger counterparts and can’t offer the benefits, marquee recognition of a Fortune 1000 or the innovative culture and growth and career fulfillment that small companies and startups do. But mid-market CEOs can compete effectively for the same talent.
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.