Companies today increasingly recognize Digital Technology and IT infrastructure as a strategic asset that provides companies with the ability to effectively compete in its’ marketplace – an observation underscored by the Nash KPMG 2017 CIO Survey finding that CIOs sit on 62% of executive boards as opposed to 38% in 2005. While their relative importance varies slightly from year to year, the C-Suite charter for Digital Technology consistently features the following items: Continue reading Digital Technology as a Strategic Asset
- Starting too early
- A lack of specificity
- A lack of honesty
- Resistance to change
- Lack of Rigor
- Consultants are too expensive; especially the top tier consulting firms and they don’t get real, measureable value
- Every professional who is unemployed or underemployed is a consultant until their next job and they don’t have the appropriate bandwidth; but they are cheap
- Finding a consultant or consulting firm who is a cultural fit with the organization
- Finding a consulting firm who has all the functional resources required for an entire project.
- When to admit that we really can’t solve the problem ourselves
Most companies are struggling to identify the value of IoT (Internet of Things) and Blockchain in their business. That is partly due to the relationship between Strategy and IoT. While there is a need to have an IoT strategy, it needs to be a subset of the ultimate business strategy. IoT is an enabling technology that allows the business to rethink it strategy, how it goes to market and the product road (goods and services) that IoT enables. As a result, Continue reading Developing an IoT strategy for your business
The first blog in this series identified the phenomenon of Anti-Strategy as well-intentioned decisions made by senior leaders that are functionally focused because of a lack of a clear business strategy. With digital and information technology (IT) getting firmly established as a strategic corporate asset for middle market companies, we turn our attention to Continue reading INOCULATING INFORMATION TECHNOLOGY AGAINST ANTI-STRATEGY – PART IX
An earlier blog talked about the building blocks for aligning and integrating IT with the business. As IT becomes increasingly intertwined with the core operations of the company it’s time to take a fresh look at traditional middle market approaches to IT related Business Continuity (BC) and Disaster Recovery (DR). Continue reading Business going increasingly Digital? – Rethinking Business Continuity and Disaster Recovery
Cost Takeout has been heard at one time or another in every C-Suite and boardroom. The primary objective of every leadership team is to take out cost. We live in a world where everything can be done at lower cost. With that in mind, how does a leadership team develop a cost takeout strategy? The first thing is to make sure everyone is clear on what a cost takeout strategy really is. Let’s start with what it isn’t.
It is not: Continue reading Cost Takeout as a Strategy
Historically, IT Infrastructure has been viewed as a “cost center” and IT Operations “a necessary evil” because significant human and financial capital expenditures have been required to maintain a functional system. Over the last few years, middle market companies are beginning to realize that IT infrastructure can be used as a competitive advantage. It needs to be Continue reading Should IT Infrastructure be in your Top 3 business priority?
McKinsey predicted in its 2016 IT-as-a-Service Cloud and Enterprise Cloud survey that enterprises are rapidly adopting Infrastructure as a Service (IaaS) cloud for their primary workloads. It predicted that the adoption of multi-cloud strategies will jump from Continue reading Approaching the Multi-Cloud Management Paradigm
I read a blog posting from our strategic execution partner Cascade about the reasons strategic execution fails. To summarize, they are:
More importantly, Continue reading 5 Reasons Why Strategic Execution Fails
On Friday 6/25, we awoke to the screaming headlines about the citizens of the UK voting to leave the EU. Brexit was a reality. All the experts and the polls were wrong! Leading up to this there was tremendous volatility in financial markets and uncertainty about the impact of Brexit on global financial markets and business. Business executives that we have been working with have displayed the “deer in the headlights” look: strategically frozen in place while waiting to see what happens. Now what? Continue reading Brexit and The Impact on Business Strategy
Executives are faced with a conundrum when they are trying to decide on when and how to hire a consultant. There are typically 5 issues that nag an executive during this decision making process. Those issues typically go along these lines: