Deloitte - Chief Strategy Officer Survey, 2023

The 2023 Chief Strategy Officer Survey provides valuable insights into the evolving role of CSOs and the modernization of the Strategy function. The report identifies six different "faces" of CSOs, each with its own set of skills and priorities. These faces include the Architect, the Catalyst, the Innovator, the Operator, the Strategist, and the Steward. The report also highlights clear differences in focus and operation between top-quartile and below-industry-average organizations. Top-quartile organizations are more forward-looking and focused on topics such as customer experience, social impact/sustainability, and tech modernization/process automation. They are also more likely to incorporate green and socially responsible practices into their organization's strategy. The report emphasizes the importance of a purpose-driven strategy focused on social impact, which can drive sustainable, long-term value. Striking the right balance of investment across core, adjacent, and transformational growth areas is crucial to managing an effective innovation portfolio. The rise of AI is a major priority for CSOs, and recent developments have elevated its importance even further. Overall, the report provides valuable insights into the challenges and opportunities facing CSOs in 2023 and beyond. It highlights the need for CSOs to be adaptable, innovative, and purpose-driven in order to succeed in an increasingly complex and unpredictable business environment.