Friday, April 8, 2016

The Weekly Insight of the “Future of CIO” 4/8/2016

Information is permeating into every function of the business and technology is the disruptive force behind the digital transformation.

The “Future of CIO” Blog has reached 1.3 million page views with 2600+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Here is the weekly insight about digital leadership, IT Management, and Talent Management. 

The Weekly Insight of the “Future of CIO”  4/8/2016

  • “CIO Master” Book Preview: Chapter 6 Digital Strategy-Execution Continuum: We are at the dawn of the Digital Era, the biggest challenge now is the increasing rate of change, and this isn’t going to change. Hence, preparing a strategic plan is important because it points the organization in a direction where it can maximize its value position and reap long term benefit. Nowadays, information is permeating into every function of the business and technology is the disruptive force behind the digital transformation. Hence, IT needs to be part of an overall corporate strategy to accomplish the organizational business objectives. However, often the main problem is that business executives still limit their vision of IT as “IT support a strategy.” Indeed, the CIO’s role as C-level needs to provide technological vision and contribute to the formulation of the business strategy where new trends of technology will provide strategic business capabilities to the business that will enhance the competitive advantages of the organization and leapfrog digital transformation.

  • “CIO Master” Book Preview: Chapter 7 “IT Innovation Management” Introduction: Businesses nowadays face fiery competition and rapid digital shift technologically and economically, hence, innovation becomes a “must have” strategic capability to compete for the long term success. Innovation today has more enriched context than ever, there are many forms of innovations from incremental to radical, from evolutionary to breakthrough; from “hard” innovation such as products/services/process/business model innovation to “soft” innovations such as communication innovation, culture innovation, or management innovation etc., just to name a few. Each has its own unique pathways. Innovation is difficult, and innovation in a business context is a structured management discipline, so how to identify innovation gaps and what’s a CIO’s comprehensive innovation agenda to manage a balanced innovation portfolio?

  • “CIO Master” Book Preview: Chapter 8 Three “P”s in Running Digital IT  Information is like lifeblood, and technology is like a backbone for any digital organization nowadays. However, most IT organizations have a reputation as a cost center and a controller. To reimagine IT potential, reinvent IT management and maximize IT value, it’s important to set guiding principles for practicing the multitude of IT management, manage a healthy IT project/program portfolio, also make a continuous journey of improving IT performance via developing a set of best/next practices for harnessing IT efficiency, effectiveness, and maturity.

  • CIO Master Book Preview Chapter 9  IT Agility  Agility is not only the ability to create changes, but also the capability to adapt to changes. Within the business context, organizational agility should be defined as the speed in which the organization can enable the enterprise's goals and objectives. IT agility is about how IT will enable business agility, how fast IT will deliver the required products and services effectively and efficiently. The more integral business and IT become, the higher level of agility for both will be achieved.

  • “CIO Master” Book Preview Conclusion: Running IT as Digital Transformer: It is a thorny journey for IT to transform from a back-office function and cost center to a digital champion and value creator. The CIO must be a partner with every aspect of the business. The supporting IT budgets must reflect business priorities and urgency. IT organization has more and more to overcome to running at digital speed. People tend to have a high expectation of digital flow, very little patience with technology issues. Not only does IT need to speed up to adapt to change, it also needs to proactively drive business changes and run as a high-speed digital transformer.

  •  Three Questions to Assess a Person’s Positive Thinking & Attitude: Positive Thinking evokes betterment and leads to the brighter future. What is Positive Thinking? It’s an idealistic realism, also the cautious optimism. It’s the value thinking and strategic thinking; it helps you conquer the current barriers in order to embrace the brighter future; it creates the energy and synergy in pursuit of the long-term vision and growth. What are great questions to assess a person’s “positive thinking & attitude”?

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