CEOs: Disrupt your Business or Get Disrupted
CEOs share their perspectives on new business models and strategies for the digital economy.
The Chief Executive article, “CEOs: Disrupt your Business or Get Disrupted,” quoted thoughts from Russell Reynolds Associates Consultant Dean Stamoulis during his presentation at the CEO2CEO Summit. He spoke about the rapid pace of digital transformation and what that means for business relationships. The article is excerpted below.
Welcome to the era of “Transform or be transformed.” Across industries, advances in everything from analytics and artificial intelligence to mobility and social media are changing virtually every aspect of doing business. This new reality—like most large-scale changes—represents both an opportunity and a threat for business leaders, agreed CEOs gathered for Chief Executive’s recent CEO2CEO Summit.
Recognizing this imperative, business leaders participating in the summit shared their experiences deploying digital strategies to engage more effectively with consumers, streamline internal processes, improve productivity and explore new value propositions. Following are some key themes that emerged.
6. IN THE DIGITAL AGE, FACETIME IS JUST AS CRITICAL AS EVER. Even as technology enables us to connect with geographically dispersed colleagues on team endeavors, there’s no substitute for the energy and enthusiasm that a face-to-face, real-time gathering can offer. “There are certain aspects of the human relationship that machines can’t do,” noted Dean T. Stamoulis, head of Russell Reynolds Associates’ Center for Leadership Insight.
To read the full article, click here.