AI-experienced supervisory and advisory board member with McKinsey and CEO track record as chairman and managing director in listed industrial groups and family corporations.
C-level sparring partner for corporate AI transformation, efficiency improvement, growth strategy and M&A. International board member, financial expert with proficiency in corporate governance and ESG.
Book author on corporate AI transformation by rolling out artificial intelligence and intelligent robotics.
The spectacular rise of artificial intelligence applications and intelligent robotics marks the most profound disruption that companies and the world of work have ever experienced. The company-wide AI transformation offers the opportunity to rethink business models, tap into previously unattainable cost efficiency potential and unlock new dimensions of value creation, thereby gaining a decisive competitive advantage.
The challenges go far beyond purely technological aspects. The AI transformation is revolutionising the entire corporation, requires a culture of change, imposes new demands on risk management, compliance and governance and requires even top management and the supervisory board to develop an entirely new set of capabilities.
This business book is intended for executive board members, managing directors and supervisory board members who recognise the strategic value of artificial intelligence and want to deploy it with courage and determination in all areas of the corporation - from corporate management to production, marketing, sales, purchasing, HR, finance, IT and sustainability management (ESG) to M&A.
The author Dr Eric M. Bernhard is a both visionary and practice-oriented, AI-savvy business leader. As a former McKinsey consultant and as a CEO and member of supervisory and advisory boards in leading international listed corporations and family-owned companies, he shaped corporate transformations and led companies out of crisis situations through systematic group-wide improvement programmes including AI and automation initiatives to new records in sales and profits.
Development and implementation of a new Group strategy that lead the Group after years of sales stagnation and declining results through a literal relaunch, putting the company back on the track of profitable growth - through business portfolio streamlining, restructuring, operational improvement measures, focus on target markets, sales and pricing initiatives, automation, digitalisation and M&A.
The published Group figures reflect the extent and success of the strategic and operational transformation:
- Net profit more than tripled in 2018 vs. 2016, with 2018 marking the best annual result in the Group's history to date
- 2018 vs. 2016 revenue growth of +19%, de facto organic with only approx. 3% market growth
- New confidence in the share: All analysts raised their share target prices and upgraded their ratings from "hold" to "buy", and the share price outperformed the market and established a new historic all-time high in December 2017
- Cultural change towards a performance culture with results orientation and focus on profitable growth and cost efficiency
GESCO AG published on its website in 2017:
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