The job of a CIO is a tough one. Understanding and being able to communicate highly technical concepts in plain business language isn’t easy. We all recognize that strategic planning is probably the most important thing we do. How good are we at it?
The business world today is extremely complex. Increased globalization; heightened merger activity; competition from nontraditional sources; shortened product life cycles; and a tightened regulatory environment are just a few of the items affecting a company’s strategic plan. Information technology can affect all of these things… and more.
In addition, many companies use technology as the strategic weapon necessary to survive in the fierce competitive environment. It is the job of the CIO to understand all of the aspects of the marketplace in which the company participates to help it effectively use information technology to address these challenges.
How comfortable are you at participating in business strategy conversations? A great question to think seriously about.