Friday, January 6, 2017

CIOs as “Chief Inquisitive Officer: A set of Q&As (V) Dealing with IT Innovation Dilemma

The digital CIOs need to reimagine IT as the business growth engine and lead changes via inquiries.

Modern CIOs face many challenges, it is not sufficient to only keep the lights on. Regardless of which industry or the nature of organization you are in, being a digital leader will need to master the art of creating unique, differentiating value from piles of commoditized technologies and take advantage of the emergent digital trend as well; digital CIOs also have multiple personas, “Chief Innovation Officer,” “Chief Insight Officer,” “Chief Improvement Officer,” “Chief Information Officer,” and here, we discuss CIOs as “Chief Inquisitive Officer,” with a set of Q&As to lead digital transformation.


What is the CIO’s Innovation Dilemma? Today’s CIO is one of the crucial leadership roles facing the significant transformation. Being a Chief Infrastructure Officer to align IT operation with business is no longer sufficient since the rate of changes is accelerating at the age of digitization. CIO is facing the modern innovation dilemma: Just keep the light on when the users are pushing the legacy IT into the breaking point? Or be the change agent to expedite the transformation to reach innovation tipping point by pulling people, process, and technology seamlessly to achieve the higher level of IT maturity?


Can Money Buy Innovation? It is very important to recognize that innovation is an essential factor for a company's success. Organizations need both: out of the box and in the box/core innovation; both breakthrough innovation and incremental and evolutionary innovation, how to accomplish this balance is a crucial issue for organizations. From innovation management perspective, what’re the resources and key success factors to lead innovation success, can money buy innovation?


CIOs as Chief Intrapreneur Officer: Being an Intrapreneur-Leaders or a Professional Manager?  Intrapreneur-executive leadership is an emergent trend, if entrepreneurship is to look for changes, deploy it as an opportunity, then, intrapreneurship is about creating new venture from within an established company-  There are three “C” leadership traits intrapreneur-leaders can bring to the board. And how to deal with IT innovation leadership dilemma?


Good Innovation, Bad Innovation: How to Discern It? Innovation is the light every business is pursuing, and there is no surprise that the average success rate of Innovation Management is very low. The good innovation can leap the business to the next level of prosperity, and the bad innovation can fail the business in a fatal way. So how to set the criteria, make a clear discernment, and manage innovation more effectively?


Is there such a thing as bad ideas or too many ideas? Innovation is the light every organization is pursuing. However, very few organizations can manage innovation idea and portfolio effectively, what’re the problems? Nowadays, digital provides unprecedented opportunity to collaborate cross-boundary and co-create ideas regardless of your location, there is a rich context of innovation and unstoppable fountain of creativity. So if the problem is not lack of ideas, could the opposite be true: Is there such a thing as bad ideas or too many ideas?


The digital CIOs need to reimagine IT as the business growth engine and lead changes via inquiries. They need to keep asking open-ended questions such as, "Why? Why not? What If?" They have to focus on guiding the company through the digital transformation, and create unique business value because IT is the significant element of any differentiated business capability and the defining factor for competitive advantage.


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