My Goal- Chief Strategy Officer. John R. Dacey, 1 October 2015, HSG alumni event at Swiss Re

Transcription

1 My Goal- Chief Strategy Officer John R. Dacey, 1 October 2015, HSG alumni event at Swiss Re

2 What does a Chief Strategy Officer do? Strategy development Strategic planning process Long term trends and outlook Competitive intelligence Resource allocation M&A Portfolio management Group-level resource allocation Strategy execution Cross-Business unit initiatives Innovation and new-business incubation PMI John R. Dacey 1 October 2015 HSG alumni event at Swiss Re 2

3 The CSO can be categorized into 4 archetypes, all requiring different skill sets Portfolio Manager (26 %) Key responsibilities: Strategic planning Monitoring of the external environment Portfolio management M&A Often report to the CFO wit small team of 5-7 people Typical for corporations with: Diverse portfolio with limited operational synergies Growth by M&A Business-units with a high degree of autonomy Internal Consultant (16 %) Key responsibilities: Cross-business-unit projects Strategy content Identification of growth opportunities More likely to report to the CFO than to the CEO with a large team of 10 or more people Typical for corporations with relatively autonomous business units, where the CEO tends not to get involved in business-unit-level strategy development Strategy Orchestrator (42 %) Key responsibilities: strategic planning Growth initiatives Portfolio management Competitive intelligence Cross-business-unit projects Often large teams with 10 or more people Typical for corporations with potential synergies among business units such as diversified financial services companies CEO Delegate (16 Percent of Respondents) Key responsibilities: Business transformation M&A Post-merger integration Cross-business-unit projects Identification of growth opportunities Report directly to the CEO with teams of people Typical for companies with a CEO strongly involved with the daily business Source: Understanding the role of the Chief Strategy Officer, BCG, Dec John R. Dacey 1 October 2015 HSG alumni event at Swiss Re 3

4 The CSO an eierlegende Wollmilchsau? Source: Wikipedia John R. Dacey 1 October 2015 HSG alumni event at Swiss Re 4

5 A little bit of everything vs. deep rooted expertise- Is that a contradiction? People management Project management Understanding markets Business experience M&A Trend-sniffing Networking and communication Curiosity Strategic thinking Political savviness Process understanding Business executive Finance executive Investment banker Strategy consultant John R. Dacey 1 October 2015 HSG alumni event at Swiss Re 5

6 To be a CS O, both are valuable BA in Economics from Washington University St Louis and Master of Public Policy from Harvard University Senior Analyst at the Federal Reserve Bank of New York Partner at McKinsey Head Corporate Development at W interthur Chief Strategy Officer at W interthur Chief Financial Officer at W interthur Group Regional CEO for J apan and Asia-Pacific John R. Dacey Group Chief Strategy Officer at Swiss Re 1 October 2015 HSG alumni event at Swiss Re 6

7 Questions? John R. Dacey 1 October 2015 HSG alumni event at Swiss Re 7

8 John R. Dacey 1 October 2015 HSG alumni event at Swiss Re 8

9 Legal notice 2015 Swiss Re. All rights reserved. You are not permitted to create any modifications or derivative works of this presentation or to use it for commercial or other public purposes without the prior written permission of Swiss Re. The information and opinions contained in the presentation are provided as at the date of the presentation and are subject to change without notice. Although the information used was taken from reliable sources, Swiss Re does not accept any responsibility for the accuracy or comprehensiveness of the details given. All liability for the accuracy and completeness thereof or for any damage or loss resulting from the use of the information contained in this presentation is expressly excluded. Under no circumstances shall Swiss Re or its Group companies be liable for any financial or consequential loss relating to this presentation. John R. Dacey 1 October 2015 HSG alumni event at Swiss Re 9