Latest news with #CHRO
Entrepreneur
28-05-2025
- Business
- Entrepreneur
5 Trends That Will Redefine Executive Power and Leadership
The winners in this new C-suite era will be those who understand that change matters more than structure, integration more than hierarchy and adaptability more than authority. Opinions expressed by Entrepreneur contributors are their own. Not long ago, the C-suite was like a structured chessboard of defined roles and ranks, but now it's more of a flexible matrix with blurred boundaries and dynamic rules. The traditional hierarchy is giving way to a more adaptive approach where collaboration, decentralised decision-making and AI-powered optimisation are valued above ranks. According to a Deloitte analysis, the average executive team size among Fortune 500 companies grew by 23% from 2018 to 2023. Meanwhile, so did the requirements for the roles like CFOs, COOs and CHROs have changed, often extending beyond their initial functional boundaries. And C-suite executives who are willing to focus on strategic adaptability are shown to reduce potential revenue losses by up to 15% during economic downturns. The message is clear, it's time to redefine the way C-level runs their business. Related: 3 Things I've Learned About Hiring and Firing After 35 Years in Business 1. Decentralised decision-making MIT CISR found that companies where at least half of the teams have operational decision-making authority outperformed their centralised peers, bringing 6.2 percentage points in profitability, 9.8 percentage points higher revenue growth and 1.5x more income from new products and services. Traditional structures are getting replaced by smaller autonomous teams where members can show what they are worth. Netflix is a bold case of a decentralised management model where teams own their data and make independent decisions within strategic frameworks. This allows them to react quickly to changes and offer personalised user experiences, helping the company maintain its leading position in the entertainment industry. 2. The blurring of roles The trend is that roles like the CMO are becoming increasingly fluid. In 2024, only 66% of Fortune 500 companies retained a C-suite marketing leader, down sharply from 357 companies in 2023. Nearly a quarter have eliminated the marketing leader roles without hiring new employees. This reflects a broader issue: CMOs are getting more and more overloaded and undersupported. They're under constant pressure from several fronts: demands for instant revenue growth, deep digital expertise and reduced costs, all while the insecurities coming from automation and AI. Thus, companies are favouring generalists like CGOs and CCOs. However, this shift carries risk. Without a clear marketing owner, companies lose strategic brand focus, creativity, clear communication and customer engagement. Such a big fish as Starbucks eliminated its global CMO role in favour of regional CEOs supported by local marketing teams. While this step may uplevel internal operations, it also comes with questions about the consistency of global brand strategy. 3. From management to coaching Gone are the days of command-and-control leadership. Today's employees value autonomy and trust, seeing their perfect executive as the one who guides, enables and coaches rather than directs. Markus Graf noted that 67% of Novartis team members said their career development depends on their manager, who can be both a supporter and a talent nurturer. Novartis created its own leadership model by rolling out an internal platform that empowers employees to seek out projects and learning opportunities aligned with their skills and ambitions. Managers now act as mentors, not taskmasters, helping staff navigate paths to growth. This approach both helped to boost employee engagement and create a healthy atmosphere where each talent is minding what he really wants. Related: Why All Leaders Need Executive Coaching, Not Just a Mentor 4. The AI trace According to Harvard Business School, AI can free up to 50% of managers' time from routine administrative tasks, allowing them to focus on talent development and strategic priorities. From automating reporting to drafting emails and scheduling, AI tools are transforming workflows. Organisations like Michelin, McKnight Foundation, Motor Oil Group and Raiffeisen Bank International have all reported significant productivity gains when collaborating with AI tools. At Michelin, tasks were completed 10x faster using an Azure-based chatbot. McKnight freed up resources for strategic work, and Motor Oil reduced task timeframes from weeks to minutes. AI helped leaders from absolutely diverse business spheres cut down time needed for administrative tasks by 3-4 times and make better-informed decisions backed by real-time data. 5. The leader is a match-maker Modern leaders must act as glue, effectively connecting teams, processes and ideas. Data proves that companies that focus on building strong teams that match one another are five times more likely to achieve high performance. Even remote teams that work well together are 30% more likely to outperform office workers. Synergy boosts team creativity by 20% and improves decision-making quality by 56%. To drive this, leaders must prioritise open communication altogether with fair feedback, shared transparent goals and promote a safe atmosphere. Clear roles and team members with diverse skills and backgrounds are key to productive, effective and peaceful work environments. Plante Moran managed to be rated as a 'great place to work at' by 95% of its employees, while the US average is 57%. Its 'people first' culture, based on co-founder Frank Moran's vision of a values-driven firm, is a strong foundation for retaining talent and maintaining a healthy climate, all while sustaining service excellence. It's One Firm' model ensures that clients benefit from collective expertise across the business, promoting deep integration between teams. The future of the C-suite is not about the ranks — it's about adaptability. The winners in this new C-suite era will be those who understand that change matters more than structure, integration more than hierarchy and adaptability more than authority.
&w=3840&q=100)
Business Standard
26-05-2025
- Business
- Business Standard
Domicile shift key to aligning with India's economy, rules: Flipkart CEO
Flipkart CEO Kalyan Krishnamurthy addressed employees at an internal event, 'Flipster Connect', on Monday (May 26), highlighting the company's strong growth and readiness for the future. He called the decision to shift Flipkart's legal base back to India a key move in aligning with the country's economic and regulatory environment. During the session, Krishnamurthy said that Flipkart has increased its investment in artificial intelligence six-fold this year. He also confirmed that the process to return the company's legal domicile to India had begun. He assured employees that Flipkart would continue prioritising profitability while maintaining a strong focus on customer needs. Commenting on Flipkart's plans to go public, Krishnamurthy said much groundwork had already been done in the last year to prepare for the IPO. 'A lot of work which has already happened over the past 12 months is aligned with this intention,' he said, adding that the company would continue building on that effort. Leadership and strategic growth Krishnamurthy was joined by other senior leaders, including Seema Nair (Senior Vice President and CHRO), Hemant Badri (Senior Vice President and Head of Supply Chain), and Ramesh Gururaja (Senior Vice President, Consumer Shopping Experience). Together, they shared insights into Flipkart's strategy, which includes growth in talent, leadership, innovation, and customer engagement. Krishnamurthy said Flipkart is currently seeing a 20–25 per cent increase in customers and orders, and is aiming for 30 per cent growth by June, according to a PTI report quoting sources. He also added: 'Within the organisation, we remain focused on being future-ready, with a 6X increase in investment in AI this year. We continue to be the market driver across all categories and customer segments. 'Minutes' is doing very well, and we're targeting 800 dark stores by the end of this year.' Innovation across key areas Flipkart's quick commerce service, 'Minutes', is showing promising results. The company is also seeing renewed innovation in areas such as travel, Shopsy, and services for Gen Z users. Krishnamurthy further noted: ' has also been on a high growth trajectory, with several recent successful launches and strong product innovation. We've recently seen some industry veterans across technology, categories, and Adtech join us as we work towards the aggressive goals we've set for ourselves.' Speaking on the decision to relocate Flipkart's legal base to India, he said: 'As we've initiated the flip back of the company, I am very confident that all of us will continue to focus on profitability with a renewed emphasis on customer centricity. This move brings Flipkart even closer to where our heart has always been.' Focus on leadership and AI-driven teams Seema Nair, Flipkart Group CHRO, spoke about the company's strong and evolving leadership. She highlighted that a new generation of leaders is taking on key responsibilities in emerging e-commerce areas. She said Flipkart is working on building capable teams through training and skill development to meet the demands of the industry. Nair added that artificial intelligence will be a key enabler for the organisation, and all employees will have access to the best AI tools. She concluded that Flipkart, with its collaborative and forward-thinking team, is well-positioned to lead the digital retail transformation in India.
Time of India
26-05-2025
- Business
- Time of India
Domicile shift key step in aligning closely with India's eco, regulatory landscape: Flipkart CEO
Flipkart CEO Kalyan Krishnamurthy in an address to employees on Monday spotlighted the company's growth momentum and focus on future readiness as he termed the e-commerce giant's planned domicile shift to India as a significant step toward aligning more closely with the economic and regulatory landscape here. At an internal 'Flipster Connect' event on Monday, the top honcho of the IPO-bound company talked about a 6-fold increase in investments in AI this year. He mentioned that Flipkart has initiated the flip back of the company and reaffirmed the team's focus on profitability with a renewed emphasis on customer centricity. On the Walmart-backed Flipkart's IPO plans, Krishnamurthy said that a lot of work which has already happened over the past 12 months is aligned with this intention, and assured that the organisation will continue to do a lot more, going forward. At the event, Krishnamurthy alongside other key senior leaders, including Seema Nair (SVP and CHRO), Hemant Badri (Senior Vice President and Head of Supply Chain), and Ramesh Gururaja (Senior Vice President, Consumer Shopping Experience), highlighted the organisation's strategic momentum across talent acquisition, leadership evolution, business growth, innovation and consumer focus. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo An email query sent to Flipkart seeking comments on the development did not elicit a response. Sources privy to the development, however, confirmed that Krishnamurthy - at the townhall - spoke of Flipkart recording a strong uptick in customer growth and orders at around 20-25 per cent currently, and said the company is on track to achieve 30 per cent by June this year. Live Events "Within the org, we remain focused on being future-ready, with a 6X increase in investment in AI this year. We continue to be the market driver across all categories and customer segments. 'Minutes' is doing very well, and we're targeting 800 dark stores by the end of this year," he is learnt to have said. 'Minutes' is the quick commerce arm of Flipkart. Krishnamurthy highlighted that Flipkart is seeing a lot of innovation and disruption coming back into the system, with a focus on customer experience, Shopsy, travel, and Gen Z audiences. " has also been on a high growth trajectory, with several recent successful launches and strong product innovation. We've recently seen some industry veterans across technology, categories, and Adtech join us as we work towards the aggressive goals we've set for ourselves," he said. Krishnamurthy also highlighted Flipkart's plan to shift its legal domicile to India (from Singapore) describing it as a "statement of intent" and a significant step toward aligning more closely with India's economic and regulatory landscape. "As we've initiated the flip back of the company, I am very confident that all of us will continue to focus on profitability with a renewed emphasis on customer centricity. This move brings Flipkart even closer to where our heart has always been," he stated. During the session, Seema Nair, CHRO, Flipkart Group, underscored the strength of Flipkart's leadership bench, noting a growing cohort of next-generation leaders taking on strategic roles in new e-commerce avenues. She also drew attention to the organisation's focus on building teams that are able to leverage the opportunity that e-commerce presents through skill development and training. Flipkart is also going to leverage AI as an enabler for the entire organisation, while ensuring all employees have access to the best AI tools. Nair observed that with a resilient, collaborative, and future-focused team, the company is strongly positioned to lead the evolution of India's digital retail ecosystem.
Fashion Value Chain
03-05-2025
- Business
- Fashion Value Chain
Table Space Earns ‘Great Place To Work' Certification
Table Space Technologies, a leading managed workspace solutions provider in India, has been officially certified as a 'Great Place To Work®', recognizing its commitment to building a high-trust, high-performance workplace culture. Based on employee feedback, Table Space scored a 96% average across parameters like trust, collaboration, respect, equity, and pride, placing it among India's top-rated workplaces. Karan Chopra, Chairman & Co-CEO, credited the achievement to the company's people-first culture and collective purpose. Dimple Bakshi, CHRO, emphasized that the recognition reflects Table Space's dedication to fostering trust, inclusivity, and employee growth. With a team of over 700 employees—including more than 450 new hires in the past year—Table Space continues to scale while maintaining a culture of empowerment and well-being. Initiatives like real-time feedback, coaching, anti-bullying policies, and structured development programs reinforce its commitment to employee satisfaction and organizational excellence.
Yahoo
19-04-2025
- Business
- Yahoo
Leaders say CHROs are becoming key advisors to company boards
This story was originally published on HR Dive. To receive daily news and insights, subscribe to our free daily HR Dive newsletter. Chief human resource officers are becoming more integral to corporate boards and business strategy, often serving as key advisors to the CEO and board members, according to an April 15 report from The Conference Board. In a survey of 55 corporate secretaries and interviews with 30 CHROs, CEOs and board directors, 70% said CHRO engagement with the board has increased during the past three years, with nearly one-third saying CHROs have become 'significantly' more engaged. 'The pandemic was a pivotal moment in the evolution of the CHRO role, as companies were forced to rethink workforce management, employee well-being and organizational resilience,' said Diana Scott, leader of The Conference Board's US Human Capital Center. 'But longer-term economic and business shifts — the advent of AI, a fast-aging population, evolving employee expectations — have cemented the need for CHROs to become fully embedded in the C-suite and boardroom.' In the survey, 59% said CHROs attend most or every board meeting, and they're expected to become integrated into the leadership team. The expanded scope of work for CHROs often includes business and financial strategy, workforce and labor market strategy, operational efficiency, CEO and leadership succession planning, and support for mergers & acquisitions and growth strategy, the report found. CHROs can deepen their influence by building trust, demonstrating business expertise, aligning with the CEO and engaging with the board, the report found. Similarly, board directors can establish a direct board-CHRO relationship, support discussions about human capital strategy and ensure CHROs have resources for succession planning and executive compensation. In 2025, CHROs are struggling to prevent an exodus of C-suite leaders, according to a Gartner report. Most executives also said their CHRO doesn't effectively manage tension between C-suite members. Even so, the CHRO role is the third fastest-growing C-suite role, according to a LinkedIn report. With the rise of remote and hybrid work, as well as more investment in artificial intelligence tools, leaders are also maintaining a focus on people and human capacity, LinkedIn data scientists said. Sign in to access your portfolio
