No sector today is protected from having new and rising technologies turn them upside down. To better prepare, McKinsey came up with a list of technology trends that will continue to upset business as CEOs have known it, and that companies should be prepared to outsmart or overcome.
There’s a lot riding on digital transformation. It could be the future of your business. However, the sheer velocity and invasive nature of digital disruption can be overwhelming to many organizations, as can piloting strategies to address it. Rather than keeping up with the status-quo, CEOs must act fast to get ahead of it.
In 2014 alone, there were nearly 800 identified data breaches involving over 85 million records, according to the Identity Theft Resource Center Data Breach Reports. Regulatory officials have rushed to propose cyber security guidelines and adopt cyber security requirements. In addition, multiple lawsuits have been filed alleging that board misconduct significantly contributed to the financial fallout from compromised company data.
Manufacturing’s history includes three waves of change: the “lean” revolution of the seventies, the outsourcing phenomenon of the nineties and the automation revolution of the current decade. But there is no rest for the weary, as McKinsey consultants are currently warning American manufacturers that they must get ready now for the next big change, which they are calling “Industry 4.0.”
In our information age, virtually every company generates huge amounts of data on a daily basis. In theory, we know that data can be collected, analyzed and crunched in real-time to deliver intelligence that companies can use to boost productivity, gain a competitive edge and expand their businesses. Many companies use smart, connected devices to do just that—increasing efficiency, boosting revenue and creating new business models. However, many more are not, Colin Masson, global industry director, manufacturing at Microsoft Business Solutions told CEOs gathered for a Chief Executive roundtable discussion held in partnership with Microsoft.
Some things may, indeed, get better with age—but manufacturing facilities are not one of them.
Two manufacturing veterans offer their observations on game-changing technology and having the right talent.
Suri Suriyakumar took a print shop—a dying industry—and repositioned it to focus on the only thriving niche left—architecture, which requires the printing of as many of 10,000 drawings per project. After buying several more small shops, ARC Document Solutions, Suriyakumar’s new business, is now a $407-million architectural documents provider with 2,500 employees. And as technology becomes integral to all business today, Suriyakumar is now reinventing his business again, with the digitization of architectural drawings into the cloud.
Few businesses are being transformed as quickly and as massively as the drug-store industry. Much as today’s dominant pharmacy chains swept away the independent corner drug store a generation ago, trends based in healthcare, politics, technology and consumerism are rapidly reshaping its biggest surviving players, including Walgreens, Rite-Aid, CVS and the many other retailers, ranging from Walmart to Wegman’s, that also have pharmacy operations.
Today, all businesses face the risk of company network hacks, looming cyber-attack threats and major weather events, all of which put critical data in jeopardy.
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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.
