Stephan Göppert

Tanja Kewes and Handelsblatt reporting today on our 2024 analysis of German DAX Supervisory Boards. The 14th edition of this study by Russell Reynolds Associates shows that while in its first year female representation was at 7% now 40% have been achieved. It goes without saying that an ideal board composition needs to take many other aspects into account, but all considered, DAX Supervisory Boards improved over the years - still leaving some potential to be unlocked.

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„Doing the right thing even if no-one is looking“ - that is a good definition of #integrity. How to improve your skills to be able to do so is one of many questions to be answered for a good corporate culture. It was a pleasure to share my experience and thoughts about it with some distance in this podcast. Thanks #BCG and Dr. Katharina Hefter for the opportunity. Spotify Link to the podcast below in the comments. #compliance #corporateculture #leadership #crisismanagement

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One of the biggest challenges in planning and reporting is the targeted preparation of statements to the management level based on the data and, above all, the comments. Controllers spend hours and days sifting through data and text, processing and summarizing reports to enable their superiors to make intelligent decisions. The problem: while numerical values are added and subtracted by their planning-software and the totals can be understood by their components, the problem with comments is the interpretation, language, quality and how to consolidate them and work them to a presentable message. You don't want to simply consolidate the comments or pick out individual ones and neglect others. In the end, business decisions should be made on the basis of all applicable data and comments and not just a fraction of it. To find a solution to this issue, what could be more obvious than to make use of modern generative AI methods? In our specific case with IBM Planning Analytics, we use our Jupyter Lab (GMC² PACO HUB) and connect the TM1 data model with freely available LLMs such as Gemma, Llama3, Mixtral, etc. via TM1py - but of course watsonx or the current GPT-4o are no problem either. There we generate management summaries automatically, or at the push of a button from PAW, across any level of the multidimensional data cube. The highlight: it is completely irrelevant in which language the comments were written and in which language I want the comments to be displayed - the translation can be taken over at the same time and populated on another layer of my TM1-model. And all of this neatly integrated with IBM Planning Analytics and the use of open source software. This makes it easy to get a taste of the world of generative AI with a focus on planning and reporting. We discuss this in our latest blog-entry in more detail. https://lnkd.in/e_sx2V3k The text of the blog is in german language, but I guess you already know of some neat-translation-solutions. GMC² GmbH IBM #ibmplanninganalytics #planninganalytics #tm1 #genai #managementsummary #predictiveanalytics #machinelearning

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⛓️‍💥Broken supply chain? While companies keep managing their supply chain with Excel 🧮 or - more sophisticated ? - with Excel exports from their ERP 🤯 I am not surprised that material flow is not what it is supposed to be. 🤖 AI to the rescue? AI is great and will definitely help us improve performance in many areas. Will it work 100% autonomously, though? I doubt. 💡We need also solutions for people to work smarter Here comes process mining - e.g. using the Celonis inventory management App as a basis - into play. With smart apps which integrate data across multiple sources we can provide 🙋‍♂️people with the information they need in real time to manage the supply chain more effectively📈. Read the latest supply chain pulse check to learn if this insight has already reached today’s supply chain managers. #CPB #SCNO Dr. Julian Theis Sezin Maden

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Joins us ADAPT1SOLUTION and Workday Workday Adaptive Planning at the BARC ESG Reporting 2024 in Frankfurt on 5 and 6 of June and see how our solution can support you in efficient ESG reporting and decision making. #ESG #CSRD #reporting #planning #Nachhaltigkeit #EPM #CPM #BARC

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It is an honour that our book is taken up by Michael Köttritsch and Die Presse! If you’re looking for a summer read on change mangement, you might as well grab your copy here: https://lnkd.in/dMgbQNVF

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My colleague and the founder of BCG's Center for Mobility Innovation, Nikolaus Lang, joined the “Imagine This...” #podcast, to talk about the end of the era of global #trade and what's next for businesses. Listen to the full conversation with co-hosts Paul Michelman and the conversational AI agent GENE here.

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#knowledge is power…

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The latest AllBright Report shows notable progress in gender diversity within Germany's 100 largest family companies. 🎉 In a significant shift, the representation of women in leadership roles is increasing. Although the current proportion stands at 12.6%, change is underway. Over the past two years, the proportion of women in executive positions has grown by 4 percentage points, nearly matching the growth seen in listed companies. Interestingly, nearly half of family businesses now include a woman in their management teams, a significant increase from just under a third two years ago. Yet, there's a stark difference between listed and non-listed family businesses. The proportion of women in leadership roles is almost double in listed companies (19.6%) compared to non-listed ones (10.6%). This suggests that transparency and external influence can drive gender diversity in management. Let's not overlook the fact that succession still remains male-dominated, particularly within owner families. However, as the Baby Boomer generation begins to retire, there's a golden opportunity for companies to diversify their leadership. Change is happening, and some companies are already leading the way. Let's keep this momentum going! For more detailed insights, check out the full #AllBright Report #genderdiversity #womeninleadership #changemakers

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🌟 Discover Your TrueSelf™ with a Growth Mindset! 🌟 Our book "Die Macht der Authentizität. Mit der TrueSelf™-Formel zum beruflichen Erfolg" has been available since April 8th, and we're already grateful for the positive feedback. Over the coming weeks, Sibylle Klevenz and I will share insights and key messages. But before we dive deeper, let's lay the foundation with our TrueSelf™ formula: 🎯TrueSelf™ = Grow × Recognize × Decide. Today, we focus on growth. Why is lifelong growth essential in New Work? 🚀In the realm of New Work, where change is constant and innovation is key, continual growth and adaptability are indispensable. Here are three key essentials from our book on fostering growth: 🔹🌱Embrace a Growth Mindset inspired by Carol Dweck: The Growth Mindset, a cornerstone of the TrueSelf™ formula, is the belief that we can enhance our abilities and knowledge through effort and overcoming challenges. It encourages us to push boundaries, unfold our true strengths, and adapt to new circumstances. With a Growth Mindset, we manage to grow continuously and authentically live out our TrueSelf™. 🔹👉 Commit to Lifelong Learning: Stay curious and never stop acquiring new knowledge and skills. Whether through formal education, mentorship, or self-directed learning, continuous learning expands your horizons, opens doors to new opportunities, and keeps your mind agile and adaptable. 🔹🔍 Seek Discomfort: Growth often lies outside of your comfort zone. Challenge yourself to step into unfamiliar territory, take calculated risks, and embrace discomfort as a catalyst for personal and professional development. By pushing your boundaries, you'll discover untapped potential and experience transformative growth. At TrueSelf™, we empower you to recognize strengths, overcome challenges, and fuel passions, fostering lifelong learning and growth for proactive personal and professional development, ultimately leading to a more fulfilling and authentic life. If you're ready to embark on this journey with us and cultivate your TrueSelf™,  📩 contact us to explore our tailored coaching services  🚀✨ #TrueSelf #GrowthMindset #LifelongLearning#Forster&Klevenz

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Great that our research continues to confirm progress on gender diversity in German DAX 40 supervisory boards - and great to see how this is being published and received. Clearly, beyond the overall gender share in the board room, diversity still has to make it to the core positions of power - chairing boards or essential committees - and even more to the executive management and leadership layers below. And then, there are further dimensions of diversity - nationality, age, backgrounds… #boardgovernance #diversity #leadership

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How can industrial companies drive performance in the highly disruptive and challenging business and macro-economic environment? My colleagues Dr. Michael Wagner, Bastian Lux and Christoph Knoblinger recently talked to 400+ C-suite executives globally to unpack their transformative moments and distill how they achieved success in a time of permacrisis. Our annual 2024 Oliver Wyman Global Executive Transformation Survey is out now. Here are the key trends:   1) The pressure is on. More than 80% of C-suite executives say their company needs to transform significantly in the next three years.   2) Shift from “firefighting” to “future-proofing”. 63% percent of companies focus on growth for the next 12 months as the top priority.   3) Artificial Intelligence (AI) is changing the game. 97% of respondents use AI as critical trigger or strategic lever for transformation.   4) Effective transformation pays off. Companies that fully met their transformation objectives expect 16% higher revenue growth and 12% higher profit growth. And yet, success is more elusive than ever. Transformations that failed to reach all of their objectives increased compared with 2023 to a staggering 81%.   Read our full report to learn how you as a leader can make your transformation a major breakthrough. Reach out to discuss your opportunity with us! https://owy.mn/3WsJQ6k

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Exciting insights from #SAP #Waldorf🔎 Together with experts from SAP and my international PwC colleagues, we discussed the latest advances and opportunities in the application of SAP Business AI in Waldorf last week. At the heart of our discussions was the #SAP Business AI Roadmap, which not only brings impressive technological innovations, but also showed how closely technology and business strategy are intertwined. Through technical deep dives and the exchange of use cases, we further deepened our existing cooperation and explored exciting new avenues for joint projects. At #PwC, we are already using these advanced AI tools to solve complex business problems and drive transformative outcomes for our clients. The increase in efficiency and the opportunities to redesign business processes enabled by artificial intelligence are truly revolutionary. I'm excited about the opportunities that arise from our increased collaboration with SAP and look forward to continuing to leverage these technologies to drive real change for our customers and the industries in which we operate. How do you see the role of #AI in your industry? Are you ready to take on the challenges of digital transformation? Carolin Buzek, Vikas Venugopal , Srivathsa Dixit, Nicholas Nicoloudis, Marc-Oliver Klein, Dr. Christian Tietz, Rishi Raj Singh , Jumen Rest and Nico Reichen #ArtificialIntelligence #BusinessAI #SAP #PwC #Innovation #DigitalTransformation

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Very interesting conference on May 16 in Düsseldorf for energy intense Companies - registration highly recommended

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🚀 Successful workshop on generative AI in the financial sector! For our financial experts from Saint-Gobain Deutschland, led by CFO Klaus Schulte, our Digital & IT DE/AT team, together with the experts from Saint-Gobain Research Germany and the international Data Science & AI team, exchanged exciting, future-oriented topics relating to #artificialintelligence in #finance. Exciting presentations, discussions and ideas - rounded off by fascinating use cases in exchange with our expert teams - show how artificial intelligence is already changing the world today and the work of tomorrow, and revolutionizing the way for innovative approaches in business. 🔍 Discover the potential In addition to approaches that have already been implemented and impressive, practical references, it will become clear how we are already successfully implementing meaningful use cases in the company today. During the working groups, we were delighted to discover the impressive wealth of ideas that already exist in this area and are already being put into practice. 🔒 Safe handling The use of generative AI brings with it many challenges. Issues such as data protection, accuracy and security are key aspects, as is the topic of data governance. Intensive, exciting discussions put us on the right path to mastering these challenges. 🌟 Results and outlook The exchange at the workshop was right and important. 👉 It showed that we are not just all pulling in the same direction and that the course is clear - we are excited about the opportunities that generative AI offers for financial analysis, reporting and forecasting. It quickly became clear: we are not talking about the future - we are already in the middle of it! We will continue to work closely together to make the best use of innovative technology and stay the course. Many thanks to all participants for their valuable contributions to this extremely productive workshop! 🙌

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With three-quarters of global workers anticipating that #GenAI will affect their jobs, many are eager to reskill to remain competitive. This latest report from BCG, The Network, and The Stepstone Group can help you with actionable steps to shape your talent strategy: https://lnkd.in/g9XGHAYj

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With three-quarters of global workers anticipating that #GenAI will affect their jobs, many are eager to reskill to remain competitive. This latest report from BCG, The Network, and The Stepstone Group can help you with actionable steps to shape your talent strategy: https://lnkd.in/dARGtDSH

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