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It’s time to focus on the CHRO: The hidden innovation hero

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Jul 01, 2019

On July 1, 2019, the National Association of Corporate Directors (NACD) released an article on how CEOs are looking to their chief human resources officers (CHROs) to help lead cultural change and drive innovation.

Innovation is top of mind for most C-suite executives and directors of companies, and both have every reason to prioritize innovation as part of the company’s strategy. According to a study by Credit Suisse, the average lifespan of a S&P 500 company is now less than 20 years compared to 60 years in the 1950s. Additionally, Mercer’s 2019 Talent Trends Survey found that 73 percent of executives predict significant industry disruption in the next three years, up sharply from 26 percent in 2018. In many industries, continued innovation is critical to a company’s ability to survive and thrive.

Review the full article on the NACD's website.

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