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Industry 4.0 has now given way to “Business 4.0,” the current global business environment generated by the technologies of the Fourth Industrial Revolution. Business 4.0 extends beyond the industrial sector to encompass all sectors, from financial and professional services to health care and consumer goods. So great is its influence, Business 4.0 is reshaping the roles that make up the executive ranks within organizations around the world.

This is an excerpt of AESC's report Leading Transformation: Shaping the C-Suite for Business. In the excerpt, AESC member executive recruiters how they believe the C-level leaders will need to evolve to compete in Business 4.0.

CMOs Must Evangelize Customer Centricity and Acrossthe Enterprise

CTOs & tech executives are critical to any business, and as our digital world evolves, their skills and the value of their team increases. The team is needed to manage cybersecurity, maintain the website, and build new product features (among dozens of other tasks), all while leaders are trying to build and run a successful team, manage expectations, maintain tight budgets and so much more.

The role of the Chief Technology Officer came about in the 1980s, becoming prominent in the 1990s with the conception of the big internet companies. Tom Berray  in The Role of the CTO: Four Models for Success explains that, for businesses, the “CTO role is a low-cost addition to the organization [that] can help reap potentially high pay-offs by identifying and elevating critical opportunities”. Finding a great CTO that meshes with a company’s corporate identity however, can seem more a challenge than discovering a unicorn might.

You’ve worked hard to get where you are in your career, now let BlueSteps work for you to help find new CTO jobs.

BlueSteps chats with Matt Comyns, Global Cyber Security Practice Leader at Russell Reynolds Associates, about the latest trends for technology executives in the CIO, CTO and CISO roles. Download the full white paper, Executive Search & Career Forecast: Evolving Technology and Security Roles.

What trends are you witnessing in the technology function as it relates to executive search?

BlueSteps chats with Paul Chau, Senior Client Partner, Global Technology Market at Korn Ferry, about the latest trends for technology executives in the CIO, CTO and CISO roles. Download the full white paper, Executive Search & Career Forecast: Evolving Technology and Security Roles.

How would you describe the outlook for technology executives in Hong Kong and the greater China region?

BlueSteps recently hosted an #ExecCareer Chat on the topic of Executive Job Search Strategies for CIOs and CTOs, featuring Stephen Van Vreede, BlueSteps Executive Career Services.
 
Some of the questions asked included:

Social media is moving like a train with no brakes, providing a real time feedback mechanism for a multitude of companies. Consumers, both individual and corporate, now have multiple feedback forums. These forums can be used to tell others that, in an attempt to get to a live customer service representative, it takes seven automated screening prompts. After these prompts, you reach a live person who is likely from a developing country and is taught to respond to customer issues with only pre-prepared scripts.

The Legacy of Combined CIO/COO Roles

At times, HR executives can encounter a difficult path on their journey to the C-suite. The following strategies can be useful for HR executives who are interested in becoming a key part of their companies’ strategic organization.
 
1. Start with the Basics. Most executives know that the best way to move up in their career is to excel at their current position. By mastering the basics, such as contract negotiation strategies, an HR executive can quickly get noticed and move up the corporate ladder.