Fortune Global Forum

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Connected Futures is reporting live from the event, which is being held Nov. 2-4 in San Francisco.

By Stefanie McCann, Editor, Connected Futures


Wednesday, Nov. 4, 2015, 1:34 p.m.

Today’s Biggest CEO Challenges

Photo Cred: Fortune Global Forum
 

When you have a room full of global CEOs, and you want to know what’s top of mind, ask them what challenges they are currently facing. That’s what Ram Charan, author and consultant, Charan Associates asked during this week’s Fortune Global Forum. And here’s what the CEOs had to say:

  • Balancing innovation and growth with strategy planning.
  • Changing culture with in the organization.
  • Succession planning: The most important role of the board is succession, but how does the board get visibility down 1-2 levels or more. The board only sees the top level.
  • Planning for long term and short term at the same time.
  • Attracting people with different profiles.
  • Dealing with current success, while still getting your organization to change. The curse of success is never final.
  • Figuring out to do next: What got you to here, will not get you to there.
  • Dealing with multiple levels of disruption (disruptive economy, disruptive regulations, disruptive markets)
  • Moving the company ahead: Do you have the right board to move your organization forward?
  • Determining where to focus and where to spend time.
  • Keeping your eye on the prize: Are you being disrupted or are you a disruptor?

Tuesday, Nov. 3, 2015, 7:12 p.m.

Seen and Heard:

“No longer does command and control work. Bureaucracy doesn’t work.”

- Denise Ramos, CEO and President, ITT

“Leadership is about change. Only a baby who needs a new diaper likes change.”

- Mike Ullman, Executive Chairman, J.C. Penney

Photo Cred: Fortune Global Forum

“So many [CEOs] have made the bottom line better. But have we made our employees better? Have we made our companies better? Have we made our countries better?”

- Paul Tudor Jones, Co-Chairman and Chief Investment Officer, Tudor Investment Corp.

 

“Let’s rethink what it means to be a winner and let’s go out and win this damn thing.”

- Paul Tudor Jones, Co-Chairman and Chief Investment Officer, Tudor Investment Corp.

“The job of the CEO is to resist looking at last year. Where we are going is worth fighting for.”

- Mike Ullman, Executive Chairman, J.C. Penney

Photo Cred: Fortune Global Forum

“Most of my workforce is under 30 years old. They are a generation that gets instant feedback with Twitter, Instagram etc., but then they enter the workforce and crickets.”

- David Gilboa, Co-Founder and Co-CEO, Warby Parker

 

“Brick and mortar are not gone. Humans are social beings. We need tech to tie the two environments together.”

- David Gilboa, Co-Founder and Co-CEO, Warby Parker

Photo Cred: Fortune Global Forum

“Everything I’ve done that was a mistake, I’ve learned from.”

- Mike Ullman, Executive Chairman, J.C. Penney

 


Tuesday, Nov. 3, 2015, 7:32 a.m.

Disrupting Business Models: A Real Board-Level Discussion

CEOs from around the global gathered to discuss business model innovation and strategy

One of the themes emerging from Fortune Global Forum this week is that we are, without doubt, in a new era of business.

Over 200 CEOs and executive leaders from around the global are currently in San Francisco to talk about change and the challenges of doing business in today’s fast-pace world.

The first day of discussions centered around the massive amount of change the business world is facing.

One of the biggest changes? How are they addressing strategy planning and business models.

“Gone are the times where you did a broad stroke of the strategy for the year,” stated an attendee from Monsanto.

And Ginni Rometty, Chairman, President and CEO of IBM, echoed that statement during the opening session when she stated, “The pace and rate of change today is far more on business models.”

John Chambers, Executive Chairman of Cisco emphasized that point. “If we don’t change our organization structure and business models, how are we going to reinvent our selves?” he asked his peers in the room.

But changing business models is not exactly an easy task. Many CEOs are looking for guidance from their board of directors.

When asked where a board of directors could help CEOs, the response seemed to center around business models.

As Gavin Patterson, CEO, BT Group stated he would like the board to help him “disrupt business models.”

Hubert Joly, Chairman and CEO, Best Buy agreed, he would like to see the board help him with business model innovation.

This led into a discussion around weather organizations even have the right people on their boards.

Hugo Sarrazin, Director, McKinsey noted, “Currently 16%-17% of board members are woman.” But that statistic almost doubles for digital savvy companies.

“A digital savvy board has 31% woman,” he noted.

Today there is a limited amount of digital experience at the board of director level.

“When members were becoming directors of the board, things were different,” stated Sarrazin, “but today things are moving so quickly.”

Day two of the global forum starts shortly. Stay tuned, here, for more live updates on Fortune Global Forum from Connected Futures Magazine.


Monday, Nov. 2, 2015, 6:12 p.m.

Seen and Heard:

Photo Cred: Fortune Global Forum

“It’s possible your competitors will be $1 billion companies with only a CEO and CIO, and the rest outsourced.”

- John Chambers, Executive Chairman, Cisco

 

“Digital doesn’t start with technology. It starts with, ‘what are the fundamental customer concerns and how do I solve it.’”

- Hubert Joly, Chairman and CEO, Best Buy

Photo Cred: Fortune Global Forum

“I don’t know of a company that makes a product that shouldn’t want to create a service.”

- Ginni Rometty, Chairman, President, and CEO, IBM

 

“Gone are the times where you do a broad stroke of the strategy for the year.”

- Monsanto attendee in the audience

“Digital is not a thing. It is a way of doing things.”

- Hugo Sarrazin, Director, McKinsey during Fortune Global forum

Photo Cred: Fortune Global Forum

“No business can be successful if it stands still.”

- Yang Yuanqing, CEO, Lenovo

 

“If we didn't make big bets we'd have stage coaches on the freeways.”

- John Stumpf, CEO, Wells Fargo

“It's not about the technology...it's not about the cloud...it's about the customer relationship.”

- Marc Benioff, Chairman and CEO, Salesforce.com

Photo Cred: Twitter @BJPForUP_

“If you are betting on a digital economy, bet on India.”

- John Chambers, Executive Chairman, Cisco

 


Friday, Oct. 30, 2015, 11:05 a.m.

Winning in the Disruptive Century. That’s the theme of next week’s Fortune Global Forum.

Connected Futures is excited to tell you that our editorial team will be on the ground reporting live from the event, which is being held Nov. 2-4 in San Francisco.

We will be bringing to you commentary from many of the sessions. Speakers include some amazing thought leaders and innovative C-Level executives including:

  • John Stumpf, Chairman, President and CEO, Wells Fargo & Co
  • Larry Page, CEO and Co-founder, Alphabet Inc.
  • David Gilboa, Co-founder and Co-CEO, Warby Parker
  • Chip Bergh, President and CEO, Levi Strauss
  • Mark Bertolini, Chairman and CEO, Aetna
  • Walt Bettinger, President and CEO, Charles Schwab
  • Peter Diamandis, Chairman and CEO, XPRIZE
  • Marc Andreessen, Co-founder and Partner, Andreessen Horowitz
  • Sheryl Sandberg, Chief Operating Officer, Facebook

We will be delivering to you a live news feed via Twitter (@CFuturesMag) and daily updates, right here, throughout the event. Take a look at the agenda. The event will also be live streamed, here.

If you can’t attend, let us know what sessions you’d like to hear about, and we’ll get our editors ready to report the story. If you are there, please look for us onsite, we’d love to meet you and chat with you.