Search
Close this search box.
Search
Close this search box.

IT Is too Important to Leave to the Technologists

It’s no secret that information technology is core to modern business. To make the most of IT investments and innovations, chief executives must understand how technologies enable their company’s competitive advantage. Yet how many of today’s CIOs are considered the leading candidates to succeed their CEOs? Precious few—a weakness that CEOs and their boards should consider changing.

Today, CIOs and their leadership teams need to understand their businesses as well as or better than the COOs, CFOs or CEOs. IT has become such a critical part of modern business operations that IT leaders must learn to play a key role in integrating their businesses to perform better in the marketplace. Their responsibilities include helping to create sustainable competitive advantages through strong business models, great customer relationships, quality products and services and improved capabilities that promote a distinct ease of doing business.

For chief executives, the key takeaway is to ensure your CIO is developing the skills and knowledge to work across all business functions and operating units. At the same time, consider requiring all high potential leadership candidates to spend part of their careers in IT—transforming IT leadership teams into a crucible for future business leaders, rather than simply a group of the best technologists that have risen through the ranks. When the CIO role is seen as a key potential successor to the CEO, companies will produce chief information officers who are more well-rounded business leaders with the ability to use IT to drive competitive advantages.

In Management Challenges for the 21st Century, legendary management thinker Peter F. Drucker wrote: “Every organization needs one core competency – innovation.” CIOs today have a key leadership role in driving innovation at their companies due to the integration of information technology throughout today’s modern business operations. There is no other C-suite role better positioned to drive value by working across business functions and operating units—integrating people, process and technologies in new and profitable ways.

Alan Kisling is managing director of Brand Velocity, an Atlanta-based consulting firm that specializes in helping corporate clients successfully design, implement and run large-scale reinvention projects using Peter Drucker’s principles.

Read: https://sloanconsortium.org/jaln/v8n3/technology-too-important-leave-technologists

Read: https://www.hoover.org/multimedia/uncommon-knowledge/27076

Read: https://blogs.hbr.org/cs/2013/04/how_cios_can_keep_in_step_with.html


MORE LIKE THIS

  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry
  • upcoming events

    Roundtable

    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)

     

    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

    To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

    New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

    Women in Leadership Seminar and Peer Discussion

    2:00 - 5:00 pm

    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

    To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.