Friday, September 17, 2021

CEOs envision big change

Almost two out of every three CEOs (65 percent) responding to a recent survey said they plan to radically change their companies in the next two years in response to growing competitive and market pressures. But it won’t be easy; more than 80 per cent stated that their organizations have not been very successful at managing change in the past.

The goal of the research, undertaken by IBM in the U.S., was to capture CEOs’ current views on innovation and find out what they’re doing to enable innovation. It defines innovation as using new ideas, or applying current thinking in fundamentally different ways, to effect significant change.

CEOs are looking at new kinds of innovation to drive substantial organizational change and business growth, according to Ginni Rometty, senior vice president of IBM’s enterprise business services division. “It’s not just product innovation any more. It’s about understanding how to innovate a business model, or an operational process, or management behavior.”

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada

Related Tech News