Business leaders have always valued the importance of well-conceived, short- and long-term operational strategies. But the increasing complexity of businesses, geopolitical and domestic uncertainty, technological advancements (which engender both positive aspects and risks), and other factors have created a need for a dedicated executive-level professional to supervise strategy. The career of chief strategy officer emerged in the last decade because many smart CEOs realized that they needed a strategy expert on their corporate team. “The rise of CSOs is particularly evident in sectors such as technology, healthcare, and financial services,” according to the Leadership Circle. The provider of leadership assessment and training says that “industries, where agility, scalability, and innovation are crucial, often prioritize having a dedicated strategic leader.”
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