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strategy. The CSO must see the issues confronting the company from as broad a perspective as the chief executive does, and the CSO is often heavily involved in operational day-to-day projects working close together with key staff on business critical initiatives in order to utilise proven leadership capabilities and support less senior team members with coaching and deliver based on the CSO's high capacity project management and execution engine. This unique background takes a multitude of different operating experiences, and must include being both a creative thinker and influential collaborator. In quite a few cases, CSOs may be charged with overall business development including identifying gaps in the business or capabilities portfolios. They then make build, buy, or partner decisions to best fill those gaps. The Chief
Strategy Officer oversees the company's M&A agenda, strategic partnerships, joint ventures, and divestitures. M&A responsibilities include not only identifying, evaluating, structuring and executing deals, but also managing or supporting related aspects to the deal such as financing and post-merger integration. The business development role can also encompass licensing deals and venture capital investments that support the strategic agenda. CSOs are often executives who have worn many hats at a variety of companies before taking on CSO position.
170:(MBA). Many executives holding the top strategy spot have had extensive experience in strategy development often at top management consulting firms, where they can obtain strategy experience across a broad spectrum of industries, c-suite teams, and strategic problems. In addition, many chief strategy officers also have backgrounds outside of strategy such as P&L management, operations, or corporate development in addition to their strategy experience. An
73:
The CSO is an advisory and a deal making role; both a leader and doer, with the responsibility for understanding and formulating corporate strategy from an operational point of view, as well as ensuring that strategic initiatives and the corporate portfolio of businesses are optimized to support the
50:
The need for a CSO position may be a result of CEOs having less time to devote to strategy and/or to CEOs with less experience with developing strategy (e.g., many startup CEOs) along with uncertain and increasingly complex global environments. All of these factors increase the need for professional
42:
that usually reports to the CEO and has primary responsibility for strategy formulation and management, including developing the corporate vision and strategy, overseeing strategic planning, and leading strategic initiatives, including M&A, transformation, partnerships, and cost reduction. Some
64:
firms) who created CSO positions in their top management teams. According to a 2013 IBM survey, 67% of CEOs named the CSO as a crucial role–second only to the CFO, and more recent examples and studies by major recruiting firms have shown that CSOs had the highest growth in C-Suite positions being
81:
Develop a comprehensive, inclusive strategic plan and growth strategy by collaborating with the CEO, senior leadership and the board of directors, which determines the enterprise's overall vision, evaluates the overall business portfolio, and M&A
59:
organizations. In recent years, the CSO position increased in popularity in highly professional companies with significant growth and scalability ambitions, which is reflected by the high number of US tech companies (nearly 50% of
142:
Financial
Advisor: have specialized capital markets deal related skills that are not otherwise present within an organization that can be used to implement inorganic strategic changes. (e.g., M&A, investments, JV, corporate
174:
study found that the most successful CSOs have some planning, functional, or line-management skills in addition to their core strategy skills before assuming the top strategy role. They tend to have previous work experience at
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139:
Strategic
Advisor: focused almost exclusively on strategy formulation, portfolio management and leading strategic initiatives, and is often the primary archetype associated with the CSO.
663:
623:
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Analyze macroeconomic factors, competitive dynamics, market share changes, organization capabilities (e.g., product line performance), government regulation, and strategic risks
187:
A Chief Global
Strategist (CGS) is one of the highest-ranking corporate officers, administrators, corporate administrators, executives, or executive officers, in charge of the
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325:
772:
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upon companies and other organizations that seek to expand their influence, whether as a matter of necessity to survive, or the exploration of an opportunity.
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Establish and reviewing key strategic priorities and translating them into a comprehensive strategic plan, and monitor the execution of the strategic plan.
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Collaborate with the CFO to develop a capital plan in line with the organization's strategy, investment policies, and fund raising plans for acquisitions.
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233:; however, in 2000 he left the position of CEO to become the Chief Global Strategist. Schultz returned to his previous role as CEO on January 18, 2008.(
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Collaborate the R&D and operations organization by evaluating low-key and pragmatic testing of new tech products from a customer perspective.
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Identify and often execute important capital projects, joint ventures, potential M&A targets and other strategic partnership opportunities.
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In terms of the CSO's role, which varies significantly from organization to organization and evolves over time, the two basic roles
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Coach: work to provide information to strategy creators and facilitate communication between teams, team members and stakeholders.
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Change Agents: facilitate and enable transformation. This archetype and the coach has evolved into a new c-suite role called a
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Collaborate with the communications function and investor relations to message a company's strategy internally and externally
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Partner with institutional leadership, special committees, and consultants to support execution of key initiatives.
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Menz, Markus (2013). "Chief strategy officers: Contingency analysis of their presence in top management teams".
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Oversees the company's M&A agenda and developing and negotiating strategic partnerships and/or divestments.
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289:"The Chief Strategy Officer in the European Firm: Professionalising Strategy in Times of Uncertainty,
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As a senior strategic leader, collaborate with other functions within the organization, specifically:
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strategy development. As a result, the position can be seen in fast moving tech companies, as well in
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Ensure departmental/unit strategic planning projects reflect organizational strategic priorities.
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773:"Kimberly-Clark Names Robert W. Black As Chief Strategy Officer | Kimberly-Clark Corporation"
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The position is relatively new in the private sector, and a reflection of the influence of
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Actively support the CEO and BoD on strategic initiatives and inorganic investments
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http://www.starbucks.com/about-us/company-information/starbucks-company-timeline
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are observable. This dichotomy can be further divided into four CSO archetypes.
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798:"How Imran Khan became the secret weapon behind the year's biggest tech IPO"
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Facilitate and driving key strategic initiatives through inception phases
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Driving decision-making that creates medium- and long-term improvement.
347:"Charities Turn to Chief Strategy Officers To Help Plan Their Future,
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Breene, R. Timothy S.; Nunes, Paul; Shill, Walter E. (October 2007).
388:
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Breene, R. Timothy S.; Nunes, Paul; Shill, Walter E. (October 2007).
600:"What is Chief Strategy Officer (CSO)? - Definition from WhatIs.com"
877:
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to its senior executives who are holding the top strategy role.
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230:
237:\ | access-date=26 September 2016 | publisher=Starbucks.com)
749:"Indra Nooyi Pepsico - Who Am I ? By Kevin Batavia"
822:"Here's How To Become A Chief Strategy Officer In 2021"
624:"Understanding the Role of the Chief Strategy Officer,
428:"CEOs are challenged to manage an "anywhere" workforce"
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1232:
1176:
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191:and the domestic and international expansion of a
166:CSOs often hold more advanced degrees, commonly a
43:companies give the title of chief strategist or
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513:"Making of Successful Chief Strategy Officer"
179:or strategy-related work at other companies.
8:
1296:List of business and finance abbreviations
900:
886:
878:
688:"The Role of the Chief Strategy Officer,
484:"The Role of the Chief Strategy Officer,
246:
65:directly elevated to the CEO position.
77:Typical CSO responsibilities include:
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842:
571:"Rise of the Chief Strategy Officer,
318:"Rise of the Chief Strategy Officer,
7:
796:Balakrishnan, Anita (2017-03-26).
426:Shein, Esther (February 2, 2021).
25:
168:Master of Business Administration
217:A prominent example of a CGS is
698:from the original on 2014-09-26
669:from the original on 2017-10-18
634:from the original on 2015-09-12
581:from the original on 2013-04-01
552:from the original on 2014-08-19
357:from the original on 2014-11-20
328:from the original on 2013-04-01
299:from the original on 2015-02-11
270:from the original on 2014-08-19
177:top management consulting firms
1:
538:"The Chief Strategy Officer,
349:The Chronicle of Philanthropy
256:"The Chief Strategy Officer,
850:"The Chief Strategy Officer"
717:"The Chief Strategy Officer"
452:"The Chief Strategy Officer"
377:Strategic Management Journal
291:The European Business Review
151:chief transformation officer
777:investor.kimberly-clark.com
690:MIT Sloan Management Review
1358:
653:"The Strategist's Change,
1219:Representative director
854:Harvard Business Review
721:Harvard Business Review
546:Harvard Business Review
540:Harvard Business Review
456:Harvard Business Review
403:"Route to the Top 2020"
264:Harvard Business Review
258:Harvard Business Review
183:Chief Global Strategist
155:chief operating officer
1337:Management occupations
1291:Executive compensation
1209:Non-executive director
517:Deloitte United States
45:chief business officer
32:chief strategy officer
18:Chief Strategy Officer
694:. 18 September 2012.
223:Starbucks Corporation
153:or overlaps with the
1332:Corporate governance
1286:Corporate governance
1233:Mid-level executives
1194:Development director
1043:Information security
133:strategy implementer
1281:Board of directors
1204:Executive director
129:strategy developer
1319:
1318:
1311:Talent management
1306:Supervisory board
1301:Senior management
1189:Creative director
1177:Senior executives
16:(Redirected from
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1342:Corporate titles
909:Corporate titles
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916:Chief officers
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856:. 2007-10-01.
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723:. 2007-10-01.
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383:(3): 461–471.
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295:. 9 May 2013.
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219:Howard Schultz
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162:Qualifications
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494:on 2014-08-19
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865:. Retrieved
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828:. 2020-10-02
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692:, Fall 2012"
689:
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671:. Retrieved
657:, Nov. 2014"
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607:. Retrieved
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583:. Retrieved
575:, Jan. 2008"
572:
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554:. Retrieved
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542:, Oct. 2007"
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531:
520:. Retrieved
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492:the original
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432:TechRepublic
431:
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410:. Retrieved
406:
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351:, Oct. 2013"
348:
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260:, Oct. 2007"
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201:organization
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143:development)
132:
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72:
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35:
31:
29:
1184:Chairperson
1103:Procurement
1038:Information
486:Ephor Group
193:corporation
62:S&P 500
1326:Categories
1255:Supervisor
1158:Technology
1088:Networking
1053:Investment
1048:Innovation
1013:Experience
973:Compliance
963:Commercial
943:Automation
867:2021-05-26
832:2021-05-26
807:2021-05-26
782:2021-05-26
758:2021-05-26
734:2021-05-26
702:2014-08-17
673:2017-10-18
638:2014-08-17
609:2021-04-05
585:2013-04-02
556:2014-08-17
522:2021-04-05
498:2014-08-17
469:2021-04-05
437:2021-11-28
412:2021-11-19
361:2014-08-17
332:2013-04-02
303:2015-02-11
274:2014-08-17
241:References
1214:President
1163:Visionary
1143:Solutions
1093:Operating
1073:Marketing
1058:Knowledge
1028:Happiness
1018:Financial
1008:Executive
1003:Diversity
933:Analytics
862:0017-8012
729:0017-8012
655:Think Act
604:SearchCIO
464:0017-8012
57:nonprofit
40:executive
1148:Strategy
1138:Security
1113:Research
1063:Learning
983:Creative
953:Business
696:Archived
664:Archived
632:Archived
579:Archived
550:Archived
355:Archived
326:Archived
297:Archived
268:Archived
227:Chairman
225:who was
53:academic
38:) is an
1265:Foreman
1240:Manager
1133:Science
1123:Revenue
1108:Product
1098:Privacy
1078:Medical
998:Digital
978:Content
958:Channel
197:company
1023:Gaming
993:Design
860:
727:
462:
205:agency
55:, and
1068:Legal
948:Brand
938:Audit
667:(PDF)
660:(PDF)
203:, or
157:role.
1128:Risk
988:Data
858:ISSN
802:CNBC
725:ISSN
460:ISSN
229:and
131:and
82:plan
1168:Web
385:doi
231:CEO
221:of
172:HBR
36:CSO
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