4 DECEMBER2022Editor NoteChief Strategy Officers Empower Businesses to Respond, Adapt & Thrive Navigating the contemporary business world is no cake walk. Trends change often and bring with them stringent demands to adapt. For instance digitization and globalization have impacted how businesses function. The regulatory environment also remains tumultuous with frequent changes & evolutions. On top of that supply chains and organizational structures are getting more and more complex by the day. The mightiest of all challenges was the global pandemic that hit the business world hard and forced everyone to rethink how businesses should run in the new normal. In such a volatile and highly competitive business landscape, there arises the need for organizations to build sound business strategy. Well-crafted strategy can help companies to respond, adapt and eventually thrive in business. Addressing these new age needs of businesses is a new role in the C-suite, i.e. the chief strategy officer. Strategy was often not looked at as a separate skill or core function. The responsibility was left up to the leadership team and CEOs, CFOs wore the strategy hat for organizations. Research has also established that companies that proactively work on strategic leadership acquisition fare better than their counterparts that don't. With time companies have understood the importance and role of crafting a well thought out strategy and thus the role of CSO has gained attention. One of the primary roles of a CSO is to help the organization keep pace with industry trends and changes. They understand the pace of change in a business sector and help their organization cope with uncertainties and thus thrive in their respective space. In event of an unforeseen situation arising, the CSO is responsible for countering business challenges. Risk assessment and business growth are important responsibilities helmed by the CSOs. The current edition of Women Entrepreneur magazine presents to you some of the most accomplished women Head Strategy Officers who have been leading their respective organizations towards amplified success and security.Do let us know your thoughts. Rachita SharmaManaging Editor
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