The mantra of the digital revolution is well-worn: It’s time to get moving or risk extinction. But move where? Move how? If you act out of fear and merely follow another company’s lead, you will make bad decisions.
For CEOs trying to get their heads around digitization, it may be tempting to obsess over their understanding of the latest software program or communications gadget. But leaders who place too much emphasis on technology when mapping out a digital business transformation strategy could be falling into a trap.
While manufacturers’ strategies largely concentrate on things like R&D, automation, and production efficiencies, it is becoming increasingly important to engage customers with robust digital experiences.
As competition heats up in the mid-market, companies in all sectors are looking toward digital strategies as a means to drive growth.
Much is said about the promise technology such as robotics and data analytics can bring to companies across various sectors. But very little is ever said about the cost of this new equipment—and it happens to be very expensive.
If you’re like most B2B companies, you’re trying to play catchup in the digital channel.
As companies in every sector strive to digitize their operations, manufacturers have the most to gain. Yet while manufacturing lends itself to digitization through automation, sensors and data, the industry as a whole has been slow to move into the digital world.
It’s easy to see we’re in the age of business disruption. Companies like Facebook, Netflix, Uber and AirBnb are turning inside out every industry from entertainment to transportation. Manufacturing is being disrupted by 3D printing and Amazon has shaken retail by its core. It seems as if virtually every business is being touched in some fashion by innovative companies that are using technology to create new business models.
A recent study by MIT’s Center for Digital Business found that to fully digitally transform a business, two key factors must work together to drive the process: an investment in technology and an investment in leadership. According to the study, companies that make the investment in both leadership and technology are 26% more profitable than their industry peers.
CEOs at the 2015 CEO2CEO Digital Transformation Summit share experiences and insights on leading in the digital age.
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.
