CEO Insider

APRIL 2, 2024

Becoming CEO is a significant change. It is a role, unlike another one where there is no real training ground to get ready. In fact, this comes as a shock for most CEOs, as much for those internally promoted as externally recruited, and for all the CEOs I interviewed for my upcoming book.

CEO 111

CEO Magazine Training Books 111

CEO Insider

MAY 1, 2024

Skills are not skills unless honed to mastery. In fishing, either deep-sea or fly-fishing, your level of skill is defined by the ability to fully understand what you do and why, and be able to explain it to others. Mastery demands endless repetition. Repeat again and again.

Magazine 76

Magazine Skills Information Technology Budgeting 76

Strategy Driven

JULY 27, 2017

There will be many areas of potential investment including physical infrastructure, consumables and professional services that all compete for a limited budget. When business owners are looking to make savings in their outgoings, employee training is usually the first budget to be slashed because it is an easy target.

Training 50

Training Budgeting Bottom-up Long-term 50

Strategy Driven

DECEMBER 11, 2013

StrategyDriven Analytics combines StrategyDriven’s industry leading asset management and data analytics experience with Xen Wireless’s information technology and delivery expertise.

Wireless 58

Wireless Benchmarking Asset Management Industry 58

CEO Insider

DECEMBER 22, 2023

2024 will be my third year of restarting a practice introduced by Chris Brogan over a decade ago. Brogan, Chief of Staff to the CEO of Appfire, began a practice in 2006 that I’ve always admired. It’s called My Three Words. Chris describes it this way: “The My Three Words idea is simple.

Chief Executive Officer 59

Chief Executive Officer Execution Magazine CEO 59

CEO Insider

FEBRUARY 6, 2024

As the helmsman of Thomson Reuters, a multinational conglomerate specializing in media and information, his wealth stands as a testament to his influential position. Within the echelons of Canadian affluence resides David Thomson, the nation’s preeminent tycoon, successfully maintaining his pinnacle status in the year 2023.

Trends 52

Trends Magazine Media Information 52

Harvard Business Review

SEPTEMBER 4, 2014

Stringer’s website observes that “These costs are projected to rise over the next four years to $782 million by FY 2018, a figure that is greater than the FY 2015 budget for the Parks Department, Department of Aging, and New York Public Library combined.”. Decision making Information & technology Strategy'

Budgeting 10

Budgeting Information Technology System Library 10

Harvard Business Review

JULY 22, 2014

As evidence of marketing’s central role, just look at which department in your firm is commanding the fastest-growing share of the technology budget and attracting the lion’s share of data analysts and data scientists. Starving IT of budget takes a heavy toll on innovation. Information & technology Marketing'

Supply Chain 10

Supply Chain CIO Chief Information Officer Budgeting 10

N2Growth Blog

MARCH 31, 2017

Does your organization view spending money on information systems security (cybersecurity) as an investment, a financial burden, or an unjustified cost of doing business? Is your security budget directed primarily to the Information Technology (IT) department?

Wireless 186

Wireless Human Capital Technology Budgeting 186

Harvard Business Review

OCTOBER 30, 2012

That's because information technology — not just the Internet, but also mobile devices, " big data " for intensive data-crunching, and other computer hardware and software — will render even some of today's most proficient business processes obsolete by the end of the decade. I see three big opportunities: 1.

Process 15

Process Strategy Offshoring Information Technology 15

Harvard Business Review

AUGUST 8, 2013

At most corporations, infrastructure consumes anywhere from two-thirds to three quarters of the technology budget, leaving little over for integration, intelligence and innovation. Corporate IT success requires a reduction of infrastructure to 50% of the budget in order to fund the other, more forward-looking areas.

CIO 8

CIO Succession Fast Follower Chief Information Officer 8

Harvard Business Review

JULY 19, 2013

Just look at what most do: They appoint a CIO and give him or her a budget and a mandate to get on with it! Of course, this response would be fine if the challenge were merely to deploy technology (on time and to budget) and ensure it continues to function properly for as long as required. CIOs Must Lead Outside of IT.

CIO 8

CIO CAPEX Budgeting CRM 8

Harvard Business Review

JUNE 20, 2017

It’s necessary to have a multidisciplinary team, with clinical, analytics, data science, information technology, and behavior change skill sets available from start to finish. Insight Center. The Leading Edge of Health Care. Sponsored by Optum. How the most innovative providers are creating value.

Health Care 8

Health Care Long-term Tools Information Technology 8

Harvard Business Review

JUNE 26, 2013

Carr predicted that an organization''s ability to compete through investing in information technology was about to change dramatically. The IT boom of the 1980s and early ''90s had brought information technology to the corporate masses, unleashing the first full-scale technology revolution in the enterprise.

Supply Chain 8

Supply Chain Competitive Advantage Information Technology How To 8

Harvard Business Review

JULY 23, 2013

The explosive growth of information is accelerating. At the same time, technology budgets are static or contracting, and non-IT execs want more attention to cost-cutting. Patchwork attempts to mitigate or repair our broken information management processes do not get to the core of the issue. We know this.

CIO 8

CIO CFO Zero Based Budgeting Chief Technology Officer 8

Harvard Business Review

JUNE 24, 2014

For the last three years of his career, he was responsible for the $6 billion portion of the Air Force budget dedicated to IT, where his main responsibilities ranged from Air Force cyber activity to IT upgrades to career field management. We also had to plan the budget cycle into everything we did. Do we fund or not fund?

CIO 8

CIO Health Care Metrics Software 8

Harvard Business Review

AUGUST 16, 2013

Note that the high-profile C-suite executives at firms like Borders, Jessops, and Bank of New England had large IT budgets, but no longer have a company to make more efficient today.). IT management Information & technology' This question attempts to tease out an unconscious assumption that "we will always be in business."

Enterprise Architecture 8

Enterprise Architecture CIO Horizontal Integration Information Technology 8

Harvard Business Review

DECEMBER 21, 2016

Further, it simpler and less risky for managers tend to stick closely to the previous year’s budget. Given those challenges, if you currently allocate resources as part of your yearly budgeting process, it’s important to evaluate yourself, critique yourself, and try to overcome your proclivity for inertia.

Intangible Assets 8

Intangible Assets Business Model GAAP Budgeting 8

Harvard Business Review

AUGUST 9, 2013

One might argue that viewing IT projects solely as budget items on a calendar is too much of an abstraction to capture the intricacies of decision-making and delivering IT projects. Yet, we observed that IT projects are planned and supervised with very scant information. IT management Information & technology Technology'

Technology 8

Technology CIO Agility Software 8

Harvard Business Review

SEPTEMBER 19, 2014

Big organizations can afford — or think they can afford — to throw money at the problem by hiring laid-off Wall Street quants or hiring big-budget analytics boutiques. Information & technology Leadership Organizational culture' More frugal and prudent enterprises seem to be taking alternate approaches.

BHAG 8

BHAG Software Information Technology Short-term 8

Harvard Business Review

JUNE 10, 2014

Many universities manage billions in research funding, but there is usually no R&D budget for their own product, namely delivering education to willing buyers. Presidents and provosts will tell you: operating budgets are tight. Disruptive innovation Education Information & technology'

Real Estate 8

Real Estate Education Disruptive Innovation Asset Management 8

Harvard Business Review

MARCH 3, 2011

Chief "Infrastructure" Officers focus on cost reduction, and account for 65% to 70% of the overall IT budget. Disruptive technologies such as virtualization and cloud will play a key role in cost reduction. These infrastructure officers tend to focus on the technology side and internal-facing activities.

CIO 15

CIO Chief Information Officer Budgeting Technology 15

Harvard Business Review

AUGUST 26, 2013

Different standards of project and portfolio management are also required with more flexibility in demand management and budgeting methods. Both digital marketing and IT staff work together with common budgets and objectives. IT management Information & technology Operations' IT Doesn''t Matter (to CEOs).

CIO 8

CIO CTO Operations Technology 8

Harvard Business Review

APRIL 18, 2014

Even what appears to be a small investment risk can turn into a big one, especially when information technology comes into play. The project budget paid for the software and not a lot more. That was the case at a toy importer that was pressing the growth pedal to the metal. Its growth had been derailed.

CFO 8

CFO Venture Funding IPO Retail 8

Harvard Business Review

DECEMBER 6, 2013

You can also identify a knowledge sharing goal as a Key Performance Indicator (KPI) of project success, alongside on time and on budget. Information & technology Internet Organizational culture' And find ways to reward those behaviors, like spot bonuses, high profile projects, or formal recognition programs.

Guidelines 8

Guidelines Team KPI Business Objectives 8

Harvard Business Review

NOVEMBER 17, 2011

She and her team researched several options, decided on an activity, and realized they needed $2,000 beyond the budget. It's traditional to evaluate people using customer responses in customer service jobs, but people in finance, human resources, or information technology can use this approach.

Public Relations 15

Public Relations Human Resources CFO Career 15

Harvard Business Review

NOVEMBER 21, 2013

It would be ironic indeed if a presidency that won because of information technology (effective digital campaigning) is laid low because of information technology (a website that failed to work).

Management 8

Management Real Estate Information Technology Execution 8

Harvard Business Review

JUNE 19, 2013

my budget is a joke. Information & technology Managing uncertainty Risk management' Besides, she says, I have nothing to do with who gets access to the system. I don''t write the rules. And (she looks around nervously: you won''t quote me on this, will you? ) So I walk down the hall and knock on the general counsel''s door.

Company 8

Company Chief Operating Officer Chief Technology Officer Chief Information Officer 8

Harvard Business Review

FEBRUARY 12, 2015

Data Information & technology Decision making' It had gone to great trouble to ensure it was dealing with high-quality data, blissfully unaware that it had created an even larger issue for itself. It is time for managers to recognize that doing their best in light of poor data is no longer acceptable.

Uncertainty 8

Uncertainty Information Technology Analysis Quality 8

Harvard Business Review

JULY 22, 2013

This is not a matter of figuring out if a project was on time and on budget (although surely someone wants to learn that as well). IT management Information & technology Strategy' But many companies fail to check if the benefits were ever achieved. That kind of follow-up is essential. IT Cannot Be Only the CIO''s Responsibility.

CIO 8

CIO Stage-Gate Project Information Technology 8

Harvard Business Review

MARCH 22, 2016

You’d think that increasingly sophisticated technology would help reduce this waste. However, overspending is often the result of decentralized and siloed decision making over the utility budget. The Director of Facilities could be a good candidate for or even evolve into the CUO role.

Company 8

Company Management CIO Energy 8

Harvard Business Review

JULY 16, 2013

If asked about cost savings, be ready to deliver your pitch on how you intend to reduce or eliminate capex spending, reduce personnel resources, move services to a pay by month model eliminating long term contracts and ultimately reduce your annual budget by a modest percentage year over year over a 3-5 year period of time.

Directory 8

Directory Company IAM CIO 8

Harvard Business Review

MARCH 31, 2015

As Ed Lazowska , who co-chaired President Bush’s Information Technology Advisory Committee, says, “In it’s essence, innovation is combination. government to increase spending on nanotechnology research” and then points out that Intel’s share repurchases are four times the federal nanotechnology budget.

Innovation 8

Innovation Short-term Long-term Budgeting 8

Harvard Business Review

APRIL 15, 2013

Last year, Gartner predicted that by 2017, the CMO''s technology budget will exceed the CIO''s. Because more often than not, it''s the CMO who is expected to drive this digital transformation, which is deeply dependent on technology. Information & technology Marketing Social media'

CIO 8

CIO Marketing CRM Information Technology 8

Harvard Business Review

NOVEMBER 15, 2018

This results in “title bloat” (e.g., “CFOs” that don’t manage investments and negotiate payer or supply contracts but merely supervise revenue cycle activities, do budgeting, etc.).

Cost 10

Cost System Management Franchising 10

Harvard Business Review

SEPTEMBER 18, 2012

The growth in shopper marketing budgets comes as manufacturers are reducing the spending on traditional trade promotion that has historically powered independent retail marketing. Past retail battles were fought with mass promotions that caused widespread collateral damage, often at expense to the retailer's own margins.

Retail 15

Retail Brand Marketing Industry 15

Harvard Business Review

APRIL 13, 2012

Traditionally, much of the money allocated to technology has been locked away in capital expense allocations used for buying physical goods. However, cloud services are just that, a service, and require reallocating money to operating expense budgets.

CFO 15

CFO Operations Budgeting Technology 15