There is no such think as a “digital strategy,” Jay Walker, founder of Priceline and chairman of Walker Innovation, told Summit attendees. “Digital is a big part of what the world is—a big part and growing bigger. But there’s no separate digital strategy. How absurd. That’d be like me asking you, ‘What’s your phone strategy?’”
Walker likened today’s seismic shift from pre-information age to the digital world to the radical transformation that occurred when the age of steam gave way to the age of electricity. “The internal combustion engine was going to completely change how power was going to be brought to the world. Those companies that got it repivoted around that and rebuilt their enterprises with that understanding.” Those that didn’t, he added, are no longer around—and not because they didn’t have a specific “electricity strategy,” but because they didn’t understand the nature of the change.
Similarly, today, the information age has completely transformed the world of business. “So you need to take a clean sheet of paper, look at your business pre-information age and say, ‘Now that the information age is here and all my customers are in it, how will I reinvent my value proposition to serve my customer above my long-term, risk-adjusted cost of capital?’” said Walker, adding that the task does not require a chief digital officer. “If you’ve got them, get ride of them and replace them with your chief marketing officer or chief talent officer. The challenge here is that you are too old to learn these new tricks. You’re an executive, for God’s sake—it’s not your job anyway. Your job is to find talent, motivate them, put them together on a team, get them rowing together and get out of the way.”
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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.
