Strategy managers are responsible for creating the company's vision, communicating the plan to everyone involved, executing business initiatives, and maintaining implementation efforts. The role of the CSO ensures that there is a central executive who can oversee the dissemination of the strategy throughout the company and mitigate any distortions. When it comes to a CSO, the CEO has a person who can drive the strategy and performance of execution and reduce the risk that a group of CEOs with different interpretations will go in slightly different directions, because the more they move in those different directions, the greater the gaps will be. A chief strategy officer (CSO) is a high-level executive who develops and executes strategies to achieve the financial growth of a company.
Some companies award the title of chief strategist or commercial director to their senior executives who hold the most important strategy position. The chief strategy officer oversees the company's M&A agenda, strategic partnerships, joint ventures, and divestments. The CSO must see the problems facing the company from as broad a perspective as the CEO does, and the CSO is often actively involved in daily operational projects and works closely with key personnel on business-critical initiatives to use proven leadership capabilities and support less senior team members with advice and delivery based on the CSO's high-capacity project management and execution engine. A chief strategy officer (CSO) is an executive who normally reports to the CEO and has primary responsibility for formulating and managing strategy, including developing corporate vision and strategy, overseeing strategic planning, and leading strategic initiatives, such as M&A, transformation, partnerships, and cost reduction.