How to Harness Disruptive Technology and Foster an Innovation Culture
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In a recent PricewaterhouseCoopers survey of the most important issues for global and Australian CEOs, disruptive technology ranked first and innovation culture second. The objective of this research project was to determine how successful organisations decode these issues. We also aimed to create a palette of insights for CEOs and Boards to analyse and progress their own organisations towards best-in-class. We conducted a survey of all The CEO Circle members and received 185 completed surveys with a response rate of 75% from the members. This represented 110 CEOs, 18 Non-Executive Directors, and 56 other C-Level and Business Unit Heads. The results should be sending shockwaves through Australian CEOs and Boards: a strong relationship exists between success and harnessing disruptive technology and fostering an innovation culture. Senior leadership teams should be taking immediate action to meet the best-in-class approaches described in this report. This is particularly pertinent to 61% of the respondent organisations with unsatisfactory scores.
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