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Recommended reading: what is a CSO and their myths and truths

11/14/2014 01:58

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We are hearing increasing talk about CSOs (Chief Strategy Officers), but do we really understand the roles they play? Any company that wants to embark on digital transformation needs to keep two goals in mind: overhauling their organizational models and adapting their business models, but do they really need a CSO for that? This post will help shed light on some of the myths and truths about the CSO position, which is key to the future of so many companies.

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In a world undergoing constant political, business and economic change, establishing future strategies can be a tall order. Good strategies necessitate a reshaping of patterns, measuring of success and failure, as well as the assimilation of certain mechanics, which are no easy tasks for many companies. CSOs (Chief Strategy Officers) therefore need to establish clear roles and priorities, and be able to put strategies into action in the optimal manner. A study of the sector conducted by Roland Berger Strategy Consultants reveals: a permanent challenge to excel even amid shrinking resources; implementation and development as the two cornerstones of CSO action; the importance and value of pursuing strategies once developed; how transformation programs will determine strategies (omnipresence, diversity, participation, configuration, aspirations and engagement). There is no question that CSOs need to be particularly prescient in order to anticipate the kind of changes we are discussing here. They therefore require certain tools to help them to focus their efforts. Do you know how neuroscience and mindfulness can be useful for CSOs? If you want to find out, this event may be a real help.

Secondly, we are talking about entrepreneurship. Studies on the startup ecosystem offer an insight into the peculiarities of this growing market, which has stirred job creation, driven economic growth and attracted investment from the United States (47% of all deals are backed by US investors). This study, released by the Startup Europe Partnership, reveals a number of interesting facts: the United Kingdom and Germany represent the Mecca and the cradle of the sector; software solutions, e-commerce and mobile applications are the most successful segments; Europe has a number of Silicon Valleys; Spotify, Bigpoint and DeliveryHero are some of the companies that have attracted the most financing; entrepreneurship and the innovation ecosystem in Europe are undergoing constant growth, etc. One good example of this strong expansion is offered by the Welcome project, which attempts to connect investors, mentors, businesses, the media, entrepreneurs and other players in order to create a pan-European ecosystem. 

Finally, we have an infographic from the online magazine Entrepreneur on the various online security systems currently in use and the main threats that may be encountered in the cloud.