Chief strategy officer

Common card · No. 462357

A chief strategy officer (CSO) is an executive that usually reports to the chief executive officer (CEO) and has primary responsibility for strategy formulation and management, including developing the corporate vision and strategy, overseeing strategic planning, and leading strategic initiatives, including mergers and acquisitions, transformation, partnerships, and cost reduction. Some companies give the title of chief strategist or chief business officer to its senior executives who are holding the top strategy role. The need for a CSO position may be a result of CEOs having less time to devote to strategy along with uncertain and increasingly complex global environments. This increases the need for professional strategy development. As a result, the position can be seen in fast moving tech companies, as well in academic, and nonprofit organizations. In recent years, the CSO position increased in popularity in highly professional companies with significant growth and scalability ambitions...

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