A chief strategy officer (CSO) is an executive who is responsible for assisting the chief executive officer with creating, communicating, executing, and sustaining strategic initiatives within a corporation. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator A corporation is a separate legal entity usually used to conduct business
A typical CSO is not a pure strategist that creates long-term planning that is isolated from the corporation's current initiatives. Many CSOs are considered "doers" first and have the past experience to help advise and execute. Chief Strategy Officers are normally executives who have worn many hats before at a corporation before taking on the responsibilities and tasks that come with the job title.
Chief Strategy Officers are responsible for three critical jobs that are considered to be the most important aspects of successful strategy execution:
- Must portray a company's strategy to every business unit within a corporation so that all employees, partners, contractors understand the corporate wide strategic plan and how it backs into the companies overall goals.
- Must drive immediate results within a corporation, whereas the CEO is normally responsible for driving long-term results and providing vision.
- Must drive decision-making that creates immediate change.
Today many CEOs have less time to devote to executing strategy. As a result, CEOs appointing CSOs for their organizations. The CSO position is becoming popular amongst many large multinational Fortune 500 companies, including Accenture, Cisco Systems, Nortel Networks, Hyperion Solutions Corporation and Cognos, each of whom have assigned CSOss to their top management teams. Multinational corporation ( MNC) or transnational corporation ( TNC) is a Corporation or enterprise that manages Production or delivers Please do not add the complete list of fortune 500 companies The list is copyrighted by Fortune which makes money by selling the content Accenture () is a global Management consulting, Technology services, and Outsourcing company Nortel Networks Corporation () formerly known as Northern Telecom Limited and sometimes known simply as Nortel, is a multinational Telecommunications Hyperion Solutions Corporation was a business performance management software company located in Santa Clara California, USA which was acquired by Oracle Corporation Cognos (formerly Cognos Incorporated is an Ottawa, Ontario based company which makes Business intelligence (BI and performance management
A Chief Global Strategist (CGS), or chief strategist, is one of the highest-ranking corporate officers, administrators, corporate administrators, executives, or executive officers, in charge of the global strategy and global expansion of a corporation, company, organization or agency. Global strategy as defined in business terms is an organization's strategic guide to globalization A corporation is a separate legal entity usually used to conduct business Generally a company is a form of Business organization. The precise definition varies A non-profit organization ( abbreviated "NPO" also "not-for-profit" is a legally constituted Organization whose objective is to support or engage A government agency is a permanent or semi-permanent organization in the Machinery of government that is responsible for the oversight and administration of specific functions
The position is a relatively new one in the private sector and a reflection of the influence of globalization as corporations and other organizations seek to expand their influence, whether as a matter of necessity to survive or the exploration of an opportunity. Globalization (or globalisation) in its literal sense is the process of transformation of local or regional phenomena into global ones
A prominent example is Howard Schultz of Starbucks who was Chairman and CEO but in 2000 left the position of CEO to become Chief Global Strategist. Howard Schultz (b July 19, 1953) is an American Businessman and Entrepreneur most widely known as the Chairman and Starbucks Corporation ( is an international Coffee and coffeehouse chain based in Seattle Washington. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator [1] Schultz returned to his previous role of chief executive officer on January 18, 2008.