It takes courageous leadership to communicate true but unwanted information to an organization’s stakeholders, because it won’t be what they would like to hear.
Cost savings are all that CIOs are thinking about each day. The business side is constantly putting pressure on CIOs to reduce the impact the IT budget is having on the company. And in many cases, CIOs have achieved those goals. But in a surprising number of cases, they've failed at that. In fact, a new study, Challenging the Status Quo on Maintenance Contracts and Refresh Cycles to Lower Costs, from Network Hardware and Forrester Consulting, in which 304 IT decision-makers were polled, has found that in far too many cases, companies haven't been successful at reducing their IT costs because, well, they don't know about existing opportunities.
CIOs, other executives and employees all place a high priority on corporate values—and feel their organizations should be doing more to convey a sense of meaningful purpose, according to a recent survey from Deloitte. Yet opinions vary between senior managers and workers about how their companies are falling short. What's clear is that businesses which do promote a strong sense of purpose end up reaping substantial rewards, with respect to higher revenues, happier customers and a fully engaged workforce. "Organizations with a culture of purpose focus on delivering meaningful impact for all their stakeholders—customers, employees and communities," says Punit Renjen, board chairman for Deloitte. "Many businesses have made great strides to strengthen their role as corporate citizens. However, there is still so much more work to do. What companies do for clients, people, communities and society are all interconnected. A culture of purpose ensures that management and employees alike have a reason to go to work every day." A total of 1,310 professionals—with nearly 300 being executive level—took part in the research, which was conducted online by Harris Interactive.
The traditional IT organization is disintegrating but will re-emerge as the domain-smart and customer-focused manager of an IT ecosystem.
CIOs appreciate that the IT budget is growing. However, they're concerned that their organizations will still fall behind due to a lack of innovation. They recognize the value of gender diversity, but they concede that their actual hiring practices often fail to reflect this sentiment. And given that they report more often to the CEO than the CFO these days, many now envision themselves holding the top post at a corporation in the near future. (Perhaps the fact that the majority have accepted a pay freeze plays a factor here?) These and other revelations come courtesy of the 15th annual CIO Technology Survey 2013, as conducted by Harvey Nash in association with TelecityGroup. If there is one major takeaway from the findings, it's that CIOs will continue to play a greater role in the business pursuits of their organizations, which means substantive relationship-building matters more than ever. "As technology has become pervasive and central to business, the CIO is increasingly no longer the only executive around the board room table responsible for the procuring and management of technology," says Albert Ellis, CEO of the Harvey Nash Group. "The CIO of the future will be increasingly required to influence the business rather than merely controlling systems and hardware. The relationship with the sales and marketing function requires more work. It's a critical area given the growing importance of digital, mobile and social media." Nearly 2,440 global CIOs took part in the research. For more about the survey, click here.
The job market has improved over the last year, but most people would agree that things could be better for just about everyone. The unemployment rates in the U.S., Europe and worldwide is still high, and some people are having an exceedingly difficult time finding a job. It's to the point now that many people have become discouraged, and view getting a job as something that they will never be able to achieve. That said, things appear to be much different in the IT sector. According to new data from job site Monster, which recently surveyed 200 enterprise-level employers who recruit IT professionals, demand for people in the IT sector will increase in the coming months. And those who have more skills and are in the most-desired areas might find it easier to find a suitable job. "The demand for IT expertise remains relatively stable with employers confident that they will look to fill these types of roles in the near-term," says Jeffrey Quinn, a Monster vice president. "Meanwhile, on the job seeker side, the IT jobs viewed on Monster see millions of views each month, indicating high interest by, if not volume of, potential candidates seeking employment in this field."
Many CIOs are encountering significant obstacles with turning their strategic and innovative plans into new business practices and operations.