Monday, June 11, 2018

The Monthly “12 CIO Personas” Book Tuning: CIOs as “Chief Innovation Officer” June 2018

Compare to the other executive positions, the CIO role continues to be shaken up, refined, reinvented and reenergized. The magic “I” of the CIO title sparks many imaginations and modern CIOs need to wear different hats and play multiple roles. Here are a set of blogs to brainstorm digital CIOs as “Chief Inspection Officers.”

                Chief Innovation Officer

The Digital Portrait of Modern CIOs In the world moves too fast, with the exponential growth of information, leadership, marketing, finance, technology, etc, are all intertwined. IT leadership is strategically important. What C-level executives really want is a partner that works both "on the business" and "in the business," not just "for the business; someone who knows what they want before they know themselves; someone who can contribute to the top line business growth. Thus, the digital portrait of modern CIO is different from the traditional CIOs who often think and act as the tactical IT manager. The important thing is that digital CIOs as the top leadership role, must have the strategic mindset, interdisciplinary knowledge, unique personality, and a clear idea of what needs to be done, yet creative enough to not hold the company back from growth..?

IT Innovation and Intrapreneurship The digital organization is technology driven and information intensive, IT needs to become the linchpin to integrate people, process, and technology into differentiated business competency such as innovation. The art of innovation is to connect wider dots for creating new ideas; the science of innovation is to take a structural approach to innovation management. Thus, IT is the hub to bridge the art and science of innovation. Nowadays, IT is the business in the business and the digital engine of the entire organization. The role of CIO continues to evolve rapidly in the midst of the information in digital transformation. Forward-looking IT organizations should practice intrapreneurship for running IT as a software startup, promoting and sustaining organizational performance, renewal and corporate competitiveness.

Three Aspects of Being an Innovative CIOs Change is the new normal with the faster pace and high level of intensity. Ideologically, the highly effective and highly dynamic digital organizations, no matter large or small, have a multitude of digital characteristics such as information fluidity, interdependence, and hyper-connectivity. Information & Technology is the linchpin to run a dynamic digital business. IT leaders need to ask themselves tough questions such as: Is IT system just a commodity with a standardized usage of technologies or is IT a game changer? Chief Innovation Officer is one of the most appropriate titles for modern CIOs, to reinvent IT, it’s not about control, but how to take more resource to do innovation and build unique business competency?

The New Book “12 CIO Personas” Chapter 2 Introduction: The CIO as “Chief Innovation Officer”? Digital is the age of innovation, one of the most appropriate tiles for the CIO is “Chief Innovation Officer,” because digitalization opens the new chapter of innovation. Digital CIOs need to present entrepreneurial spirit, learn to think and lead innovatively, have the right dose of risk appetite and take the calculated risk to accelerate IT performance and unleash its full potential.

CIOs as “Chief Innovation Officer”: Can you carry the Innovation Ecosystem on your Shoulder? One of the most critical roles of contemporary CIOs is “Chief Innovation Officer.” Innovation shouldn’t be a serendipity, but a management process. IT can help to weave an enriched innovation ecosystem which enables systematic innovation management, with critical components such as innovation leadership, culture, processes, tools, recognition systems measurements, and risk approach. Each component by itself may not cause a highly innovative environment, but collectively they can catalyze creativity and improve innovation success rate. An innovation ecosystem should fully cover a wide enough direction and embrace the full spectrum of innovation categories. Here are three questions CIOs need to keep asking themselves to ensure they can carry the innovation ecosystem on their shoulder.

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