The summaries are:
1. The presentations at the CSO Summit in Hong Kong revealed that chief strategy officers in Asia focus on accelerating regional and Chinese growth through innovation, joint ventures, mergers and acquisitions, and national engagement strategies.
2. Growth through innovation was a major theme, with examples given from the Hong Kong Jockey Club, Sun Life, eBay, BT Global Services, and GSMA. Integrating digital technologies and analytics into financial services was also discussed.
3. Growth strategies through mergers and acquisitions, joint ventures, innovation partnerships, and national engagement strategies were highlighted by various companies examples.
There has been a lot of discussion on how to use people related data to support organisational decision making with adoption rates patchy and success limited.
All you got to know about McKinsey and Company, it's marketing mix strategy, extended Ps of Marketing mix of them in detail. It will be useful for your Marketing seminar or even to know about Mckinsey if it's your dream company.
Roles have broadened in the past five years, leaving marketers with a wide spectrum of responsibilities. Learn more in this year's CMO Survey: http://cmo.deloitte.com/xc/en/pages/solutions/cmosurvey.html?id=us:2sm:3ss:cmosurvey:eng:cons:082516
Understanding ROI: The Real Impact of Data QualityNICSA
Calculating ROI on data initiatives is critical to business planning. Understanding and demonstrating the value that data initiatives can unlock requires in-depth understanding of business needs and pain points. This panel of asset managers and data professionals will investigate strategies, implementation and measurement at various firms.
There has been a lot of discussion on how to use people related data to support organisational decision making with adoption rates patchy and success limited.
All you got to know about McKinsey and Company, it's marketing mix strategy, extended Ps of Marketing mix of them in detail. It will be useful for your Marketing seminar or even to know about Mckinsey if it's your dream company.
Roles have broadened in the past five years, leaving marketers with a wide spectrum of responsibilities. Learn more in this year's CMO Survey: http://cmo.deloitte.com/xc/en/pages/solutions/cmosurvey.html?id=us:2sm:3ss:cmosurvey:eng:cons:082516
Understanding ROI: The Real Impact of Data QualityNICSA
Calculating ROI on data initiatives is critical to business planning. Understanding and demonstrating the value that data initiatives can unlock requires in-depth understanding of business needs and pain points. This panel of asset managers and data professionals will investigate strategies, implementation and measurement at various firms.
Organizations succeed or fail on the strength of their leadership—and yet many are taking an outdated approach to development. Today’s smart companies build leadership growth into their everyday systems and processes. Look again at opportunities to unleash potential.
7 ways to retain your employees in a hot job market - RoomIt by CWTRoomIt by CWT
If you want to retain your top talent, you may have a challenge ahead. In 2017, 26% of Americans quit their jobs, the highest level in over 10 years, and 51% said they are looking for new jobs.
These tips - from praise to non-traditional benefits to travel policy tweaks - will help you keep your stars within your budget.
Building Deeper Advisory Relationships with DataNICSA
An exploration into how asset managers are addressing today’s marketplace challenges and leveraging new tools and technologies to create more fruitful relationships with financial advisors.
The asset management industry is confronted with several challenges to growth. Increased transparency via technology, competitive fee pressure, product commoditization, regulatory change and demographic shifts are contributing to increased margin pressure. One possible solve is to deepen relationships by turning existing client data into an asset. While leveraging analytics to inform client segmentation, client journey mapping and brand enhancement is not a novel exercise in the business world, it has perhaps not been fully adopted and implemented within intermediary distributed asset management.
CRO PROS - Optimisation Insights | Journey and Lessons on building a productCatchi
In this compelling session we learned how different industries (politics, streaming, fintech) go about optimise their digital assets by using conversion rate optimisation and personalisation techniques.
Craig Mullett, president at Branison Group, on Angel Investing: An Overview.
Presentation delivered at the Global Entrepreneurship Congress in Johannesburg, South Africa (March 2017).
Join our panel of experts to explore surprising insights and opportunities focused on the next-generation client. This webinar will feature new research to help Asset Management firms attract and retain Next Gen clients. Join us for an in-depth look at myths and facts about how financial firms can connect with millennial investors by understanding their financial outlook, what’s important to them and how they like to communicate.
Tenured experts from Broadridge and Cogent will take a deep dive into the profile of the Affluent Millennial including:
- Product usage
- Risk tolerance
- Financial priorities
Gothenburg Sustainable Meetings And Events InitiativeGuy Bigwood
Short trends update in sustainable destination strategies leading to overview of Gothenburgs sustainable destination plan for the meetings and events sector. This is collaboration at its best.
The National Centre for Strategic Leadership forms part of the Silverstone High Performance Centre – to support and develop high performing teams across all business sectors throughout the UK and internationally.
ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...linkedintalentsolutionsSEA
Hiring and retaining the right talent has become increasingly important in today’s workforce. There is increasing pressure on managers to make the right decision which usually tough. In this session, LinkedIn data guru, Nick Carroll, will discuss how data can enable managers to make informed decisions more easily.
Organizations succeed or fail on the strength of their leadership—and yet many are taking an outdated approach to development. Today’s smart companies build leadership growth into their everyday systems and processes. Look again at opportunities to unleash potential.
7 ways to retain your employees in a hot job market - RoomIt by CWTRoomIt by CWT
If you want to retain your top talent, you may have a challenge ahead. In 2017, 26% of Americans quit their jobs, the highest level in over 10 years, and 51% said they are looking for new jobs.
These tips - from praise to non-traditional benefits to travel policy tweaks - will help you keep your stars within your budget.
Building Deeper Advisory Relationships with DataNICSA
An exploration into how asset managers are addressing today’s marketplace challenges and leveraging new tools and technologies to create more fruitful relationships with financial advisors.
The asset management industry is confronted with several challenges to growth. Increased transparency via technology, competitive fee pressure, product commoditization, regulatory change and demographic shifts are contributing to increased margin pressure. One possible solve is to deepen relationships by turning existing client data into an asset. While leveraging analytics to inform client segmentation, client journey mapping and brand enhancement is not a novel exercise in the business world, it has perhaps not been fully adopted and implemented within intermediary distributed asset management.
CRO PROS - Optimisation Insights | Journey and Lessons on building a productCatchi
In this compelling session we learned how different industries (politics, streaming, fintech) go about optimise their digital assets by using conversion rate optimisation and personalisation techniques.
Craig Mullett, president at Branison Group, on Angel Investing: An Overview.
Presentation delivered at the Global Entrepreneurship Congress in Johannesburg, South Africa (March 2017).
Join our panel of experts to explore surprising insights and opportunities focused on the next-generation client. This webinar will feature new research to help Asset Management firms attract and retain Next Gen clients. Join us for an in-depth look at myths and facts about how financial firms can connect with millennial investors by understanding their financial outlook, what’s important to them and how they like to communicate.
Tenured experts from Broadridge and Cogent will take a deep dive into the profile of the Affluent Millennial including:
- Product usage
- Risk tolerance
- Financial priorities
Gothenburg Sustainable Meetings And Events InitiativeGuy Bigwood
Short trends update in sustainable destination strategies leading to overview of Gothenburgs sustainable destination plan for the meetings and events sector. This is collaboration at its best.
The National Centre for Strategic Leadership forms part of the Silverstone High Performance Centre – to support and develop high performing teams across all business sectors throughout the UK and internationally.
ConnectIn Singapore 2014: Make Better Talent Decisions with Data and Insights...linkedintalentsolutionsSEA
Hiring and retaining the right talent has become increasingly important in today’s workforce. There is increasing pressure on managers to make the right decision which usually tough. In this session, LinkedIn data guru, Nick Carroll, will discuss how data can enable managers to make informed decisions more easily.
ForwardThinking is a look ahead at the latest knowledge and insights available from Grant Thornton LLP. It includes a collection of our research, thought leadership and a schedule of upcoming webcasts and events.
Due to the current instability in the business world, organizations should be able to anticipate changes and have coherent responses at hand to effective manage risks, create value, build good relations, increase profit and improve competitive positioning.
A report titled Exploring Strategic Risk issued in 2013 for Forbes Insights by Deloitte, contains some very important conclusions for the business community. 300 executives from around the world were interviewed for the study, in an attempt to find out their vision of the risk strategy and current changes and analysing how organizations should face these new challenges.
Sometimes it is difficult to link risks to a specific financial impact and not all data are pertinent to the evaluation of emerging risks. That's why companies have to be aware of internal risks and manage them well in order to be able to manage external risks and invest into strategic assets such as human capital, clients and innovation.
This insight explains the case of the financial services as the sector that less trust generates due to its short-sightedness, lack of values and lack of professional education that resulted in corruption and bad practices, which compromised the financial sector.
The report A Crisis of Culture: Valuing Ethics and Knowledge in Financial Services examines the role of integrity and knowledge in restoring culture in the financial services industry. The conclusions appear in the full version of this document.
The financial industry is just one example in the wider panorama. Lack of values is widespread and creates significant risks. Bad practices trigger problems such as loss of profit, loss of reputation and even loss of shareholders, clients and employees.
The crisis, as well as the arrival of new technologies, urges companies to maintain their good practices and emphasize aspects as ethics, leadership, commitment, performance, transparency and sustainability.
The digital revolution and social networks encourage companies to be more transparent: companies meet their promises and obligations, deliver a coherent dialogue and improve the relationship with their stakeholders.
Application of values raises the possibility of good results and profits for companies through improvement of their reputation and business as well as optimization of resources. This certainly creates competitive advantages, establishes a strong cultural connection and improves employees’ motivation.
Before taking any decision, an institution should keep in mind the fact that it needs implicit and explicit public approval. Good business management implies risk management, creating a climate of trust, good will, credibility, social commitment and empathy between stakeholders and the company.
People and Innovation: Getting Ideas on the tableScott Smith
These days, everyone can attest to the importance of being innovative. In a knowledge economy where small insights can quickly shift the competitive landscape and capabilities can rapidly be bought, borrowed or built, we believe that those leaders who oversee a dynamic, fastmoving, innovation portfolio will have the best chance of breaking away from the pack and generating growth. But many organizations are finding it difficult to engage their people – from their employees to their customers to their suppliers – in the innovation process. If this is the case, then where do they start?
Published by the IBM Institute for Business Value, 2006
In March 2019, the Korea of Minister of Strategy and Finance announced a strategy to spread the
second venture boom in cooperation with relevant ministries. You can start high-tech innovation start-ups by
strengthening your business
Conference featuring leading companies, investors, NGOs and other experts on how to measure and value corporate sustainability and what that means in practice.
The Emerging Role of the Chief Strategy Officer in Asia
1. HKU Professor Amy Shuen
AMYSHUEN@ECOM-ICOM.HKU.HK 1
The Emerging Role of the Chief Strategy Officer in Asia
The CSO Summit Hong Kong 2015 and the highly interactive presentations and conversations among the
60+ strategy leaders revealed several trends in the key roles and responsibilities in Asia compared to
previous studies of Europe and the US. Across the three major industry clusters represented—financial
services, TMT and consumer products—the head strategy role in Asia is focused on accelerating regional
and China growth through innovation, joint venture, M&A and national engagement strategies.
Growth through innovation was the primary theme. The strategy leaders at the Hong Kong Jockey Club
and Sun Life told fascinating stories of re-thinking their company’s business model and the process of
transforming executive thinking, organizational processes and resource allocations. eBay, BT Global
Services and GSMA captivated the audience with innovative customer-focused strategic approaches to
their sectors and GSMA with an unexpected high tech “wearables” fashion show video. Credit Suisse,
RGA, ANZ shared success stories of integrating digital and analytics into financial services with Asurian,
Whirlpool and Cisco involved in I0T.
Growth initiatives through M&A, Joint Ventures, Innovation Partners Networks and National
Engagement Strategies were highlighted and masterfully detailed by Telstra Global (M&A), Whirlpool
and Siemens (Joint Ventures in China), DHL (Innovation Partnerships) and Cisco (Government-Industry).
All of the presentations by these forward-thinking Asia-focused strategy leaders showed their successful
strategic initiatives and best practices as a complex combination of Yin and Yang---that is, strategy
formulation and implementation, internal and external focus. Strategy leaders in Asia tend to rely on
their externally-focused “specialist” background, network and eco-systems to help them succeed as a
strategic change agent for their organization. New growth initiatives can be viewed by business unit
managers and functional groups -as a risk or opportunity.
In M&A, having a strong PE background and network, is an advantage in sourcing deals, due diligence
and merger integration benchmarks. In JVs, deep operational and management experience in the local
or regional context, provides an advantage in identifying complementarities as well as cultural,
organizational and technological fit. In innovation, a range of experiences across industries and
technologies, such as in consulting, provides a broad perspective and accelerates the transfer of best
practices, KPIs and tacit innovation expertise. In national or regional engagement strategies and
government-industry partnerships, expertise in regulatory, government affairs provides insight into
areas of mutual stakeholder interest and economic priorities.
In conclusion, strategy leaders in Asia fit into three archetypes at once, not just one. This is in stark
contrast to an influential academic article studying UK firms that concluded that UK strategy leaders
typically fit into just one of four major archetypes—internal consultant, specialist, coach or change
agent. See matrix below. The Asia head of strategy role typically requires three key roles and
responsibilities (1) Specialist expertise in M&A, JV, Innovation or National engagement strategies, (2)
Coach to other internal organizational groups as well as advisor to executive management and (3)
Change Agent in “localizing” specialist domains and networks of expertise into best practices and
successful growth initiatives tailored to the challenges of the Asia region.
2. HKU Professor Amy Shuen
AMYSHUEN@ECOM-ICOM.HKU.HK 2
The Emerging Role of the Chief Strategy Officer in Asia
References: (Invited Strategy Leaders and presentations given at CSO Summit Hong Kong 2015)
1. Amy Shuen, CSO Summit 2015 Panel Moderator. Four Strategy Leader Archetypes Matrix
modified from Powell and Angwin, ”Role of the CSO”, MIT Sloan Management Review Fall 2012.
2. Gautam Bardoloi, Head of IT Strategy at Hong Kong Jockey Club, “Critical Checkpoints for
Deploying New Strategies”
3. Michael Wong, Head of Strategy at Sun Life Financial “Digital World: Risk or Opportunity for
Insurers?”
4. Vvivi Hu, CSO at eBay, “Connected Commerce-the Future of e-Commerce”
5. Max Parry, Head of Strategy at BT, “Shaping the Art of Connecting”
6. Leland Lai, Managing Director at GSMA, “Innovation in Asia Market”
7. Joseph Toh, Head of Strategy, IT at Credit Suisse, “How to Overcome your Company’s Resistance
to Change & Drive Digital Innovation in Asia”
8. Benedict Ang, Ass. Dir. Risk Strategy at ANZ Bank, “Pragmatic Innovation in Big Data World”
9. Jerome Matrundola, VP Biz Dev at RGA Reinsurance, “Redefining the Role of Strategy”
10. Tim Bailey, VP, Product Strategy at Asurion, “IoT Strategy at Asurion”
11. Kris Cudmore, Head of Strategy at Telstra, “International Expansion: M&A Strategy &
Execution”
12. Yang Xu, Director, Strategy at Whirlpool, “Growth in a Mature industry”
13. Anna Choi, Head of Strategy at Siemens “Asia at a Cross-road: Time for a New Strategy?”
14. Lucian Ion, Head of Strategy at Siemens, “East Meets West—A Story of Technology & Energy
Strategy in China”
15. Stephen Fung, Head of DHL Inhouse Consulting “DHL’s Approach to Innovation & China: Think
“Inside” the Box”
16. Dominic Scott, Managing Director at Cisco “Playing by Asian Rules Now: The Need for
Innovative National Engagement Strategies”