Pamela Barnhill offers her take on how IT alignment between the CIO and CEO can help businesses looking for growth opportunities in an evolving market.
CIO and CEO communication and alignment are vital as each relies on the other for long-term value creation and optimized day-to-day operations. Below are eight ways the CIO, CEO (and even the Board) use alignment for value creation:
8 Ways the CIO and CEO Use Alignment for Value Creation:
Agree upon terminology (jargon)
Ask the right questions
Align the short-term and long-term corporate goals and priorities
Understand how the current and planned tech stack architecture aligns with the goals to prevent unplanned complications and change.
Ensure a long-term commitment and support to the technology supporting corporate goals
Implement employee benefits and a strong culture to make the business a magnet for technical talent
Build up technical cross-functional training to empower and ease transformation
Communicate and Deliver IT Progress through key performance indicators (KPIs) and metrics to evaluate the IT Team and showcase progress to the organization.
Having these (potentially tough) discussions early allows for focused innovation, productivity, employee and customer satisfaction, and ultimately greater corporate value. This search for increased value presents interesting opportunities for highly functioning Executive Teams.
Manage Alignment and Expectations
Using a confidential consultant and an Audit helps businesses better manage alignment and expectations and drives them to their desired goals.
Not being fully bound to corporate-political circumstances, consultants can engage Executives in a way that pushes them forward along the path to their intended goals. They are also able to maintain an open communications culture that does not get stymied by an aggressive focus on compliance or by competing agendas.
You Are Not Alone
When tackling the challenges of an evolving organization, which is true for leadership in any industry, you must be willing to ask for help. Remember: you are not alone. Some people have been impacted similarly through different crises. They know how to survive and thrive.
Find people and consultants that understand transformation and people development and know what is needed to create success, even in adverse situations.
Plus, it is worthwhile to follow and monitor market evolution. The growing gig economy creates additional opportunities for companies to pivot and try new ventures while keeping the tech stack in mind.
MSS Business Transformation Advisory is here to help affirm your purpose, align organizational priorities, refresh your purpose as a thoughtful leader, and enable you to succeed in these challenging times.
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