The speed of technology change is a real and immediate challenge for CEOs

Frost & Sullivan's annual survey, CEOs' Perspectives on Growth, Innovation and Leadership, identifies strategic partnerships and big data as key to success and sustainable growth. Over 300 CEOs and business leaders across the Americas, Asia Pacific, Europe and Africa participated in the survey. The findings demonstrate that 53 per cent of the CEOs cite an intensifying competitive environment as the biggest external threat to growth.

However, most organisations are unable to adequately involve competitive intelligence/corporate strategy teams for mitigating this challenge. Digital transformation is acknowledged as a dominant growth, innovation, and leadership catalyst over the next five years. However, 34 per cent of the CEOs indicate the speed of technology change represents a real and immediate challenge.
 

Technology strategies, along with strategic partnerships, are perceived as central to growth. Over 50 per cent of the CEOs also hint at their inability to successfully execute either technology and IP strategies or strategic partnership.