MOUNTAIN VIEW, Calif., July 7, 2016 /PRNewswire/ -- CEOs of global organizations and members of Frost & Sullivan's Growth, Innovation and Leadership (GIL) Community reveal that industry disruption is a CEO's biggest challenge to growth.
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A growing percentage of CEOs are seeing business model disruptions result in the total transformation of their industry's eco-system. In such an environment, internal resistance to change and lack of teamwork necessary for visionary transformation are impeding the ability of businesses to develop and execute powerful innovation and growth strategies. Commonly, mergers and acquisitions are used by CEOs to develop and sustain growth and innovation. This however, conflicts with the reality that M&A are growth strategies with the lowest success rate. Provided these insights, how will CEOs develop and leverage best practices to transform their businesses, and stoke innovation and growth?
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"In today's hyper-dynamic global economy, it is extremely important for CEOs to demonstrate visionary leadership in driving their businesses as their industry eco-system undergoes disruption, collapses and transforms," said Frost & Sullivan Global Vice President Sandeep Kar. "Cognizance of new and emerging industry trends, disruptive forces, transformational growth opportunities and best practices are necessary for CEOs to prepare for business realities and prevent death of their businesses and corresponding eco-systems by thousand cuts."
Frost & Sullivan's 2016 Annual CEOs Voice on Growth, Innovation and Leadership aims to drive clarity in strategic decision making by delivering powerful and actionable insights from our global community of CEOs representing the widest array of industries and regions.
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Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
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For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
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SOURCE Frost & Sullivan