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The chief strategy officer.

R Timothy S Breene1, Paul F Nunes, Walter E Shill

  • 1Accenture's Institute for High Performance Business, Boston, USA.

Harvard Business Review
|November 2, 2007
PubMed
Summary
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Chief Strategy Officers (CSOs) are emerging to help CEOs execute company strategy. CSOs are experienced leaders focused on clarifying strategy, driving change, and ensuring decisions align with strategic goals.

Area of Science:

  • Business Strategy
  • Organizational Behavior
  • Executive Leadership

Background:

  • CEOs have limited time for strategic planning.
  • Emergence of the Chief Strategy Officer (CSO) role to address this gap.
  • CSOs are tasked with creating, communicating, executing, and sustaining strategic initiatives.

Purpose of the Study:

  • To research the emerging role of the Chief Strategy Officer.
  • To understand the typical profile and responsibilities of a CSO.
  • To analyze the key functions involved in strategy execution.

Main Methods:

  • Research based on findings from three Accenture authors.
  • Analysis of the evolving responsibilities and focus of strategy executives.
  • Examination of the practical application of strategy in organizations.

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Main Results:

  • CSOs are typically seasoned executives with operational experience, acting as "doers" rather than pure strategists.
  • Key responsibilities include clarifying strategy, driving organizational change, and ensuring strategic decision-making.
  • CSOs actively manage the execution of strategic plans and adapt as needed.

Conclusions:

  • The CSO role is critical for effective strategy execution in modern corporations.
  • CSOs bridge the gap between strategic planning and operational implementation.
  • Successful CSOs ensure alignment and drive results by monitoring and adjusting decisions.