Despite highly publicised handwringing over geopolitical uncertainty, corporate misbehaviour, and the job-killing potential of artificial intelligence, PwC’s 21st CEO Survey reveals surprising faith and optimism among chief executives in the economic and business environment worldwide, at least over the next 12 months.
"Hire a chief innovation officer.” “Change the culture.” “Look outside your industry.” There’s no shortage of advice about how companies can become more innovative. The catch is that most of that advice is based on anecdotal evidence. But there’s one step companies can take that does have some data behind it.
In business, some categories rumble along for years, with everybody playing the same game, driving down costs, responding to customer needs and making the numbers. And then something changes. A market epiphany happens. And all the rules go out the window as new meanings arrive.
Awareness of the business case for inclusion and diversity is on the rise. McKinsey's latest research reinforces the link between diversity and company financial performance—and suggests how organisations can craft better inclusion strategies for a competitive edge.
A wave of innovations points towards new business models and ways of doing business, though anxieties around talent and the “techlash” run below the surface.
CFOs are under the gun. They need to manage the growing burden of regulatory controls while being proactive advisors to the business and ensuring a focus on the bottom line.