Project Management 411

Strategy Execution and Innovation Verified As Top CEO Challenges

by Bob Turek on November 14th, 2007

The Conference Board, a preeminent business research organization, recently published a new CEO survey. Interestingly, executing strategies and innovation are at the top of the list of challenges that CEOs are concerned with. As you know from my recent posts, Execute Strategy PMOs are designed to attack these challenges head on. Read The Conference Board’s overview of this survey- I couldn’t have stated the problem that PMOs can solve any better than this: 

“According to the results of this year’s CEO Challenge Survey, execution is taking precedence over profit and top-line growth as a focus for CEOs around the world. Excellence in execution — a new challenge to the survey — and consistent execution of strategy by top management rank first and third, respectively, as greatest concerns. This year’s survey also has a special section focusing on challenges to innovation, and respondents rate acquiring/developing the right talent as their number one innovation challenge.”

I wonder if “talent acquisition/development” considers how the right people in a PMO role can drastically improve execution of strategies and innovation. For more on this subject refer to my posts on “Choosing the Right PMO Vision” in the category on PMOs and Portfolio Management. In future posts I’ll be dealing with how a PMO can drive innovation- watch for the posts on the Vision Beyond the Vision coming up this week.

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POSTED IN: Best of the Best Practices, PMOs and Portfolio Management