Why All Companies Can Benefit From Having A Chief Strategy Officer

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The Chief Strategy Officer Summit, hosted by Innovation Enterprise, will be returning to New York this December 5 and 6. Paula Widerlite, Chief Strategy Officer at Anne Arundel Medical Center, shares her views are on the changing role of the CSO and their valuable addition to an organization, including those in the non-profit sector.

Strategy

...if we are not revising our plan, we know that we risk stagnation and loss of growth opportunities.

CEOs today rely on strategists to define their future business prospects, rather than trusting their gut instincts alone.
 
This is according to Paula Widerlite, Chief Strategy Officer at Anne Arundel Medical Center, who is among the speakers at the Chief Strategy Officer Summit, taking place in New York this December 5-6th.
 
Paula believes that:
 
“The role [of a CSO] has evolved from the CEO as a strategist, who used to get by on keeping good relationships with bond-holders, physicians, and community leaders, to the CEO relying on a strategist to advise on market shifts, latent competitors, and diversification of the portfolio of services.”
 
Paula also thinks that strategists are more capable of providing forecastable results, as they are aware of potential risks and ways of preventing them:
 
“Once our strategies are developed, we fully expect to adjust and modify at least on a quarterly basis. As a matter of fact, if we are not revising our plan, we know that we risk stagnation and loss of growth opportunities.”
 
Thus, it’s paramount that a CSO has specific industry skills, in order to take a company in a right direction. This necessity and how strategy leaders can get it right, is going to be a key theme at the summit, with some of the world’s greatest strategy minds discussing the subject.
 
Paula will be joined by companies, including Google, CNN, News Corporation, Hewlett-Packard Enterprise and eBay, that will share their insights on how to execute strategy swiftly and succeed in times of uncertainty.

For more information on the event or to organize press passes please contact Afolabi Opedare at aopedare(at)theiegroup(dot)com. Registrations can be completed online.

Innovation Enterprise Ltd, a division of Argyle Executive Forum, is a business-to-business media brand specializing in delivering the most innovative business solutions to executive-level decision makers. Innovation Enterprise produces a range on online and offline content, including, but not limited to, summits, online learning, webinars, and white papers, as well as offering other additional services such as lead generation and bespoke research.

Innovation Enterprise focuses on seven key channels - Finance, Supply Chain, Analytics, Big Data, Strategy, Digital, Innovation & Sports - to ensure that organizations are furnished with all the cutting-edge insights necessary to driving growth in the evolving business environment.

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