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Need Has Never Been Greater for Entrepreneurial CIOs
The impact of an entrepreneurial CIO is greatest when the need for productivity leverage is greatest, as in the current economic environment, according to Gartner, Inc. Gartner believes that the entrepreneurial CIO is the person who, working jointly with an entrepreneurial CEO or business unit executive, marshals the resources under the command of the IT organization, as well as creatively linking to resources outside of IT, to define and capture new and growing business opportunities. The primary focus of the entrepreneurial CIO is on new-business impact, and that impact is felt in three major ways by the business:

  • Velocity of change -- the ability to influence the velocity of change through the structure of the business, so that a change in strategy can be implemented at a rate that outperforms all other competitors, and, therefore, also draws revenue at an earlier time and at a rapid pace.
  • Strategic leverage and extension -- capabilities that extend strategy for the enterprise to new markets, new industries and new uses, and that lead to growth in revenue against entrenched and new competition.
  • Operational efficiencies -- efficiencies that improve operations to gain breakaway competitive advantage that further increase the rate of revenue and earnings growth. Gaining an improvement that is a factor of 10 or more is key to establishing true competitive advantage in the area of operational efficiencies.
  • IT Trend Survey Shows Focus on Agility, Speed to Market, and Cost Reduction
    The Society for Information Management (SIM) has released the results from its 2009 IT Trend Survey. More than double the percentage of respondents said their budgets in 2009 would be less than in 2008 (twice as much as the previous year's survey), so the mantra is doing more with less. However, budgets look to be stabilizing in 2010, with 45% saying their budgets would be equal to 2009. The list of the top six applications and technology investments for 2009 provides the strategic insight IT executives need as they try to maximize efficiencies within their organization. The list includes:

    1. Business intelligence

    2. Server virtualization

    3. ERP systems

    4. Customer/corporate portals

    5. Enterprise application integration/management (EAI/EAM)

    6. Continuity planning/disaster recovery

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