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A chief strategy officer (CSO) is an executive that usually reports to the 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 M&A, transformation, partnerships, and cost reduction.
A chief solutions officer (CSO) is a corporate title referring to an executive responsible for the identification, development and delivery of business solutions and services. [1] The primary focus of a chief solutions officer and general manager is to drive growth for the company by creating value for his or her stakeholders. [ 2 ]
A chief security officer (CSO) is an organization's most senior executive accountable for the development and oversight of policies and programs intended for the mitigation and/or reduction of compliance, operational, strategic, financial and reputational security risk strategies relating to the protection of people, intellectual assets and tangible property.
The chief services officer (CSO) is a position at the head of a firm carrying significant service design responsibilities.The CSO typically is responsible for developing processes and tools, both internally and externally, for producing maximum value to all stakeholders with intelligent and efficient use of potentially fluctuating human resources.
The position of CSO is a strategic position that concentrates on communicating risks and opportunities related to sustainability as well as bottom line impact. [7] In struggling companies, the appointment of a CSO is shown to increase revenue growth. [8] In addition to setting sustainability strategy, the CSO monitors current initiatives. [7]
Hoshin Kanri (Japanese: 方針管理, "policy management") [1] is a 7-step process used in strategic planning in which strategic goals are communicated throughout the company and then put into action. [2] [3] The Hoshin Kanri strategic planning system originated from post-war Japan, but has since spread to the U.S. and around the world.
Cost allocation is a process of providing relief to shared service organization's cost centers that provide a product or service. In turn, the associated expense is assigned to internal clients' cost centers that consume the products and services. For example, the CIO may provide all IT services within the company and assign the costs back to ...
In business economics cost breakdown analysis is a method of cost analysis, which itemizes the cost of a certain product or service into its various components, the so-called cost drivers. The cost breakdown analysis is a popular cost reduction strategy and a viable opportunity for businesses.