A majority of the world's top corporate CEOs plan to radically change their companies over the next two years, a study by IBM Business Consulting Services reveals.
65% of bosses surveyed said they would make the changes because of pressures from competitive and market forces.
The IBM Global CEO Study 2006 is based on interviews with more than 750 of the world's business leaders and is the most comprehensive CEO-level study of its kind.
The 2004 comparative study revealed that CEOs had moved their agenda from cost-cutting to driving profitable growth but CEOs now say two-thirds of their efforts are targeted at business model and operational innovation.
Changes in the business model of a competitor might result in a radical change to the entire landscape of their industry, say 61% of CEOs who focus on business model innovation.
I find the comments that you make concerning, "The 2004 comparative study revealed that CEOs had moved their agenda from cost-cutting to driving profitable growth but CEOs now say two-thirds of their efforts are targeted at business model and operational innovation." to be quite interesting. Especially when the thought that "operational innovation" is part of the picture. I hope that most of them are referring to the way that employees are empowered and included as an indespensible part of the creativity and operations of the company.
Posted by: Gary Bourgeault | 06 March 2006 at 11:05 AM
One can only hope, Gary. The presentation slides associated with the release of this survey go into a little more detail on innovation. The survey revealed the belief that just under 45% of internal innovation comes from the general staff population, as opposed to just over 15% from formal R&D. The slides can be downloaded from http://www-03.ibm.com/press/us/en/attachment/19289.wss?fileId=ATTACH_FILE1
Posted by: Dana Kennedy | 06 March 2006 at 12:17 PM